| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 6/6 |
600900 Overview
China Yangtze Power Co., Ltd., together with its subsidiaries, engages in operation, management, consultation, investment, and financing of hydropower stations in the People’s Republic of China.
China Yangtze Power Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CN¥21.27 |
| 52 Week High | CN¥18.19 |
| 52 Week Low | CN¥22.51 |
| Beta | 0.056 |
| 1 Month Change | -1.44% |
| 3 Month Change | 14.42% |
| 1 Year Change | 11.19% |
| 3 Year Change | 36.26% |
| 5 Year Change | 59.93% |
| Change since IPO | 438.00% |
Recent News & Updates
Shareholder Returns
| 600900 | CN Renewable Energy | CN Market | |
|---|---|---|---|
| 7D | 1.3% | -2.0% | 0.1% |
| 1Y | 11.2% | 29.2% | 9.6% |
Return vs Industry: 600900 underperformed the CN Renewable Energy industry which returned 29.2% over the past year.
Return vs Market: 600900 exceeded the CN Market which returned 9.6% over the past year.
Price Volatility
| 600900 volatility | |
|---|---|
| 600900 Beta | 0.056 |
| Industry Beta | 0.36 |
| Market Beta | 1 |
Stable Share Price: 600900 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 600900's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | 7,282 | Xingliao Zhang | https://www.cypc.com.cn |
China Yangtze Power Co., Ltd., together with its subsidiaries, engages in operation, management, consultation, investment, and financing of hydropower stations in the People’s Republic of China. The company owns, operates, and manages hydropower generation assets in the Three Gorges, Gezhouba, Xiluodu, and Xiangjiaba with an installed capacity of 45,495 MW. It is also involved in production and distribution of power, electricity, and heat business; and provision of high-technology and software development services.
China Yangtze Power Fundamentals Summary
| 600900 fundamental statistics | |
|---|---|
| Market Cap | CN¥483.72b |
| Earnings (TTM) | CN¥26.98b |
| Revenue (TTM) | CN¥57.77b |
17.9x
P/E Ratio8.4x
P/S RatioIs 600900 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 600900 income statement (TTM) | |
|---|---|
| Revenue | CN¥57.77b |
| Cost of Revenue | CN¥23.03b |
| Gross Profit | CN¥34.74b |
| Expenses | CN¥7.76b |
| Earnings | CN¥26.98b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 01, 2021
| Earnings per share (EPS) | 1.19 |
| Gross Margin | 60.13% |
| Net Profit Margin | 46.70% |
| Debt/Equity Ratio | 66.2% |
How did 600900 perform over the long term?
See historical performance and comparisonDividends
3.3%
Current Dividend Yield59%
Payout RatioValuation
Is China Yangtze Power undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 600900 (CN¥21.27) is trading below our estimate of fair value (CN¥42.91)
Significantly Below Fair Value: 600900 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 600900 is good value based on its PE Ratio (17.9x) compared to the CN Renewable Energy industry average (22.7x).
PE vs Market: 600900 is good value based on its PE Ratio (17.9x) compared to the CN market (33.5x).
Price to Earnings Growth Ratio
PEG Ratio: 600900 is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: 600900 is overvalued based on its PB Ratio (2.9x) compared to the CN Renewable Energy industry average (1.7x).
Future Growth
How is China Yangtze Power forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
8.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600900's forecast earnings growth (8% per year) is above the savings rate (3.3%).
Earnings vs Market: 600900's earnings (8% per year) are forecast to grow slower than the CN market (23.6% per year).
High Growth Earnings: 600900's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600900's revenue (6% per year) is forecast to grow slower than the CN market (18.5% per year).
High Growth Revenue: 600900's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600900's Return on Equity is forecast to be low in 3 years time (14.5%).
Past Performance
How has China Yangtze Power performed over the past 5 years?
5.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600900 has high quality earnings.
Growing Profit Margin: 600900's current net profit margins (46.7%) are higher than last year (42.2%).
Past Earnings Growth Analysis
Earnings Trend: 600900's earnings have grown by 5% per year over the past 5 years.
Accelerating Growth: 600900's earnings growth over the past year (29.2%) exceeds its 5-year average (5% per year).
Earnings vs Industry: 600900 earnings growth over the past year (29.2%) exceeded the Renewable Energy industry 15.2%.
Return on Equity
High ROE: 600900's Return on Equity (16.2%) is considered low.
Financial Health
How is China Yangtze Power's financial position?
Financial Position Analysis
Short Term Liabilities: 600900's short term assets (CN¥15.4B) do not cover its short term liabilities (CN¥84.6B).
Long Term Liabilities: 600900's short term assets (CN¥15.4B) do not cover its long term liabilities (CN¥79.8B).
Debt to Equity History and Analysis
Debt Level: 600900's debt to equity ratio (66.2%) is considered high.
Reducing Debt: 600900's debt to equity ratio has reduced from 84.2% to 66.2% over the past 5 years.
Debt Coverage: 600900's debt is well covered by operating cash flow (34.7%).
Interest Coverage: 600900 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is China Yangtze Power current dividend yield, its reliability and sustainability?
3.29%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600900's dividend (3.29%) is higher than the bottom 25% of dividend payers in the CN market (0.43%).
High Dividend: 600900's dividend (3.29%) is in the top 25% of dividend payers in the CN market (1.88%)
Stability and Growth of Payments
Stable Dividend: 600900's dividends per share have been stable in the past 10 years.
Growing Dividend: 600900's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.5%), 600900's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600900's dividends in 3 years are forecast to be covered by earnings (68.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Xingliao Zhang (50 yo)
no data
Tenure
Mr. Zhang Xingliao serves as Director at China Yangtze Power Company Limited since November 25, 2020 and is its President. He served as the comprehensive financial officer and deputy manager of the financi...
Leadership Team
Experienced Management: 600900's management team is seasoned and experienced (5.2 years average tenure).
Board Members
Experienced Board: 600900's board of directors are considered experienced (5.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Yangtze Power Co., Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: China Yangtze Power Co., Ltd.
- Ticker: 600900
- Exchange: SHSE
- Founded: 2002
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: CN¥483.719b
- Shares outstanding: 22.74b
- Website: https://www.cypc.com.cn
Number of Employees
Location
- China Yangtze Power Co., Ltd.
- Focus Plaza Building B
- No.19 Jin Rong Street
- Beijing
- 100032
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/27 15:41 |
| End of Day Share Price | 2021/10/27 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.