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6009

China Yangtze PowerSHSE:600900 Stock Report

Market Cap

CN¥483.7b

7D

1.3%

1Y

11.2%

Updated

27 Oct, 2021

Data

Company Financials +
600900 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends6/6

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

E.ON

XTRA:EOAN

€28.9b

Inter RAO UES

MISX:IRAO

₽358.9b

Price History & Performance

Summary of all time highs, changes and price drops for China Yangtze Power
Historical stock prices
Current Share PriceCN¥21.27
52 Week HighCN¥18.19
52 Week LowCN¥22.51
Beta0.056
1 Month Change-1.44%
3 Month Change14.42%
1 Year Change11.19%
3 Year Change36.26%
5 Year Change59.93%
Change since IPO438.00%

Recent News & Updates

Shareholder Returns

600900CN Renewable EnergyCN Market
7D1.3%-2.0%0.1%
1Y11.2%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

Is 600900's price volatile compared to industry and market?
600900 volatility
600900 Beta0.056
Industry Beta0.36
Market Beta1

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

FoundedEmployeesCEOWebsite
20027,282Xingliao Zhanghttps://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

How do China Yangtze Power's earnings and revenue compare to its market cap?
600900 fundamental statistics
Market CapCN¥483.72b
Earnings (TTM)CN¥26.98b
Revenue (TTM)CN¥57.77b

17.9x

P/E Ratio

8.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600900 income statement (TTM)
RevenueCN¥57.77b
Cost of RevenueCN¥23.03b
Gross ProfitCN¥34.74b
ExpensesCN¥7.76b
EarningsCN¥26.98b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 01, 2021

Earnings per share (EPS)1.19
Gross Margin60.13%
Net Profit Margin46.70%
Debt/Equity Ratio66.2%

How did 600900 perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

59%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 15:41
End of Day Share Price2021/10/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.