Power Construction Corp of China Ltd (601669) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Power Construction Corp of China Ltd stock ¥10.72, price ¥4.51, upside +137.7%, quality 40 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range ¥3.57 – ¥9.36 · fair‑value band ¥7.83 – ¥14.55 · the ¥4.51 price screens below the ¥10.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Power Construction Corporation of China, Ltd, together with its subsidiaries, engages in the power construction business in China and internationally.
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It constructs solar, wind, hydro, pumped storage hydropower, nuclear, thermal, transmission, biomass, hydrogen, and other power plants; and railway, highway, urban rail transit, airport, and port.
The company also offers building design, construction, and investment; water conservancy, wastewater and solid waste disposal, and water environmental management; investment and financing; planning design; engineering construction; equipment manufacturing; and operation management.
In addition, it is involved in survey and design; monetary financial and capital investment services; water pollution treatment; project investment, construction, and operation; software and information technology services; and insurance broker.
The company was founded in 2011 and is headquartered in Beijing, China. Power Construction Corporation of China, Ltd operates as a subsidiary of Power Construction Corporation of China.
Stock analysis
Power Construction Corp of China Ltd (601669) currently trades at ¥4.51, while our model-based Fair Value estimate is ¥10.72, implying the stock looks roughly 58% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of ¥13.93 per share, and 12 of the 14 models we run sit above the ¥4.51 price.
Bear case: the Economic Profit group reads lowest at ¥3.17, and 2 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥7.83 (bear) to ¥14.55 (bull), the price of ¥4.51 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Power Construction Corp of China Ltd reported revenue of 646B CNY in FY2025 versus 565B CNY in FY2021, a compound +3.4%/yr. Reported net income was 10.0B CNY in FY2025, compounding +0.4%/yr from FY2021.
Key figures
Market cap 77.7B CNY (≈ $11.7B) Large · P/E ratio 10.3 · P/S ratio 0.16 · EPS (TTM) ¥0.4400 · Dividend yield 2.4% · Net margin 1.3% · Return on equity 4.0% · Return on assets (EBIT) 1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at 138%, 601669 screens cheaper than that median.
Fair Value models
Bear¥7.83Fair Value ¥10.72Bull¥14.55
Price ¥4.51 · Upside +137.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.2837 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.0%
Start year 2020 (pandemic). Over 10 years: +11.8% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+4.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.0%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.0% vs 2.1%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 5%
News mood ⓘNews mood, the average tone of recent news (21 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: International expansion in renewables and infrastructure forms the main strength while low margins, negative free cash flow and high leverage mark the key weakness in a competitive sector.
Main risk: Firms such as Larsen & Toubro could capture market share from PowerChina in Africa and the Middle East by offering lower EPC prices on infrastructure and renewables projects, squeezing margins on overseas contracts.
Bull case: PowerChina could deepen partnerships with reliable regional developers and shift toward smaller, cash-flow-positive projects in stable markets to offset pricing pressure from Indian rivals.
Bear case: Persistent underbidding by regional EPC players combined with repeated payment disputes in key overseas markets could erode PowerChina's international order book and force greater reliance on lower-margin domestic work.
Power Construction has grown its international footprint in renewables and infrastructure from Africa to Latin America and beyond. Yet overall new contract signings declined this year while first-half attributable profit fell about 30 percent. Our models see the shares as undervalued. Will expanding overseas work more than offset weaker domestic momentum and margin pressure, or will the slowdown at home continue to weigh on results?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 787 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside+137.7% · Top 25%
Profitability
Return on equity (12 months)4.0% · Below median
Return on assets1.0% · Below median
Net margin (12 months)1.7% · Below median
Operating margin (12 months)4.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.8% · Below median
Dividend yield (12 months)2.4% · Above median
Balance sheet
Debt / equity2.43× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)10.3× · Cheaper than median
P/B0.46× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Power Construction Corp of China Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601669
Frequently asked questions
Is Power Construction Corp of China Ltd (601669) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥10.72 versus a price of ¥4.51, about +138% upside (undervalued).
What is the fair value of 601669?
Our model-based fair value for Power Construction Corp of China Ltd is ¥10.72 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥4.51.
What is the quality score of 601669?
Power Construction Corp of China Ltd has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Power Construction Corp of China Ltd (601669)?
Our model-based price target is the fair value of ¥10.72 (as of Nov 6, 2026) from 14 valuation models. Cautious scenario ¥7.83, optimistic scenario ¥14.55. It is a calculation from audited fundamentals, not an analyst target.
What is the Power Construction Corp of China Ltd stock forecast for 2026?
Our models put fair value at ¥10.72, about +138% upside versus a price of ¥4.51 (undervalued). Cautious scenario ¥7.83, optimistic scenario ¥14.55. The calculation is refreshed regularly with new filings.
What is the revenue of Power Construction Corp of China Ltd (601669)?
Power Construction Corp of China Ltd reported trailing-twelve-month revenue of about 642B CNY (latest available figure, as of Nov 6, 2026).
Does Power Construction Corp of China Ltd pay a dividend?
Power Construction Corp of China Ltd currently shows a dividend yield of 2.35% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Power Construction Corp of China Ltd (601669)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Power Construction Corp of China Ltd it is ¥10.72 per share (as of Nov 6, 2026), against a price of ¥4.51. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Power Construction Corp of China Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 601669 trades below its calculated fair value: price ¥4.51, fair value ¥10.72, a gap of about +138% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 601669?
No. The price is what the market pays today (¥4.51); the fair value is what the company's own numbers justify (¥10.72). For Power Construction Corp of China Ltd the two are ¥6.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Power Construction Corp of China Ltd worth?
The market values Power Construction Corp of China Ltd at about 77.7B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥4.51; our models calculate a fair value of ¥10.72 per share.
What do the bullish and bearish scenarios say about 601669?
Our models span a range for Power Construction Corp of China Ltd: cautious scenario ¥7.83, base ¥10.72, optimistic ¥14.55 per share (as of Nov 6, 2026, price ¥4.51). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601669?
Power Construction Corp of China Ltd trades at a price-to-earnings ratio of 10.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥10.72 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 9.6. Other multiples: P/B 0.5, P/S 0.2, EV/EBITDA 8.9.
How solid is the balance sheet of Power Construction Corp of China Ltd (601669)?
Balance-sheet figures for Power Construction Corp of China Ltd (as of Nov 6, 2026): return on equity 4.0%, debt of 2.43 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 601669 from its 52-week high?
Power Construction Corp of China Ltd trades at ¥4.51, about 37% below its 52-week high of ¥7.19 and 2% above the low of ¥4.42 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥10.72 is for.
Which stocks are comparable to Power Construction Corp of China Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Power Construction Corp of China Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price ¥4.51, calculated fair value ¥10.72 (+138%), Quality Score 40/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 601669 calculated?
We run Power Construction Corp of China Ltd through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥10.72, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6% above its aggregate fair value. Power Construction Corp of China Ltd currently trades 58% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Power Construction Corp of China Ltd (601669)?
The closing price on Nov 5, 2026 was ¥4.51. Our model-based fair value is ¥10.72, about +138% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Power Construction Corp of China Ltd right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (¥7.83). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥7.83 to ¥14.55) leaves room in how you read the outcome.
Where does the earnings growth of Power Construction Corp of China Ltd (601669) come from?
Earnings per share at Power Construction Corp of China Ltd grew +4.8 % a year from 2013 to 2024. Broken into its drivers: revenue per share +9.8 %, EBIT margin −2.7 %, tax rate +0.0 %, residual (interest, one-offs) −1.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Power Construction Corp of China Ltd
How large is the market capitalisation of Power Construction Corp of China Ltd (601669)?
The market capitalisation of Power Construction Corp of China Ltd is 77.7B CNY (≈ $11.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Power Construction Corp of China Ltd (601669)?
The price-to-sales ratio of Power Construction Corp of China Ltd is 0.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Power Construction Corp of China Ltd (601669)?
Earnings per share at Power Construction Corp of China Ltd are ¥0.4400 (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Power Construction Corp of China Ltd (601669)?
The dividend yield of Power Construction Corp of China Ltd is 2.4% (payout 24.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Power Construction Corp of China Ltd (601669)?
The net margin of Power Construction Corp of China Ltd is 1.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Power Construction Corp of China Ltd (601669)?
The return on equity (ROE) of Power Construction Corp of China Ltd is 4.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Power Construction Corp of China Ltd (601669)?
On an EBIT basis the return on assets of Power Construction Corp of China Ltd is 1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Power Construction Corp of China Ltd (601669)?
The operating margin of Power Construction Corp of China Ltd is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Power Construction Corp of China Ltd (601669)?
Revenue at Power Construction Corp of China Ltd is growing −3.8% versus a year earlier (3y avg +4.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Power Construction Corp of China Ltd (601669)?
Earnings per share at Power Construction Corp of China Ltd are growing −36.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Power Construction Corp of China Ltd (601669) generate?
The free cash flow of Power Construction Corp of China Ltd is −13.6B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Power Construction Corp of China Ltd (601669) carry?
The net debt of Power Construction Corp of China Ltd is 337B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 6, 2026