Beijing Jingneng Power Co., Ltd.

SHSE:600578 Stock Report

Market Cap: CN¥25.0b

Beijing Jingneng Power Valuation

Is 600578 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600578 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600578 (CN¥3.74) is trading below our estimate of fair value (CN¥6.81)

Significantly Below Fair Value: 600578 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600578?

Key metric: As 600578 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600578. This is calculated by dividing 600578's market cap by their current earnings.
What is 600578's PE Ratio?
PE Ratio17.1x
EarningsCN¥1.46b
Market CapCN¥25.04b

Price to Earnings Ratio vs Peers

How does 600578's PE Ratio compare to its peers?

The above table shows the PE ratio for 600578 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.8x
600483 Fujian Funeng
9.6x8.6%CN¥26.6b
000539 Guangdong Electric Power Development
35xn/aCN¥22.7b
000027 Shenzhen Energy Group
81xn/aCN¥32.1b
600863 Inner Mongolia MengDian HuaNeng Thermal Power
13.7x15.0%CN¥28.8b
600578 Beijing Jingneng Power
17.1x15.1%CN¥25.0b

Price-To-Earnings vs Peers: 600578 is good value based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (34.8x).

Price to Earnings Ratio vs Industry

How does 600578's PE Ratio compare vs other companies in the CN Renewable Energy Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600578 17.1xIndustry Avg. 17.9xNo. of Companies9PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600578 is good value based on its Price-To-Earnings Ratio (17.1x) compared to the CN Renewable Energy industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is 600578's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600578 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.1x
Fair PE Ratio16.6x

Price-To-Earnings vs Fair Ratio: 600578 is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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