China Three Gorges Renewables (Group) Co.,Ltd.

SHSE:600905 Stock Report

Market Cap: CN¥135.1b

China Three Gorges Renewables (Group)Ltd Valuation

Is 600905 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 600905 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600905 (CN¥4.73) is trading above our estimate of fair value (CN¥1.93)

Significantly Below Fair Value: 600905 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600905?

Key metric: As 600905 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600905. This is calculated by dividing 600905's market cap by their current earnings.
What is 600905's PE Ratio?
PE Ratio19.8x
EarningsCN¥6.84b
Market CapCN¥135.09b

Price to Earnings Ratio vs Peers

How does 600905's PE Ratio compare to its peers?

The above table shows the PE ratio for 600905 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.2x
600025 Huaneng Lancang River Hydropower
21.2x9.4%CN¥174.1b
600674 Sichuan Chuantou EnergyLtd
16.4x6.1%CN¥82.2b
600900 China Yangtze Power
19.8x4.1%CN¥670.9b
600032 Zhejiang Provincial New Energy Investment Group
27.3x23.7%CN¥19.4b
600905 China Three Gorges Renewables (Group)Ltd
19.8x13.3%CN¥135.1b

Price-To-Earnings vs Peers: 600905 is good value based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (21.2x).

Price to Earnings Ratio vs Industry

How does 600905'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
600905 19.8xIndustry Avg. 17.7xNo. of Companies9PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600905 is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the CN Renewable Energy industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is 600905'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.

600905 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.8x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: 600905 is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

Analyst Price Targets

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

The above table shows the analyst 600905 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥4.73
CN¥4.96
+4.8%
26.6%CN¥6.40CN¥2.94n/a6
Nov ’25CN¥4.76
CN¥4.99
+4.8%
24.0%CN¥6.40CN¥2.94n/a7
Oct ’25CN¥4.85
CN¥5.05
+4.2%
19.9%CN¥6.40CN¥3.70n/a7
Sep ’25CN¥4.57
CN¥5.32
+16.4%
15.8%CN¥6.40CN¥4.20n/a7
Aug ’25CN¥4.83
CN¥5.32
+10.1%
15.8%CN¥6.40CN¥4.20n/a7
Jul ’25CN¥4.48
CN¥5.32
+18.7%
15.8%CN¥6.40CN¥4.20n/a7
Jun ’25CN¥4.67
CN¥5.32
+13.9%
15.8%CN¥6.40CN¥4.20n/a7
May ’25CN¥4.69
CN¥5.62
+19.9%
12.8%CN¥6.25CN¥4.40n/a7
Apr ’25CN¥4.70
CN¥5.50
+17.1%
15.5%CN¥6.58CN¥4.30n/a8
Mar ’25CN¥4.67
CN¥5.50
+17.9%
15.5%CN¥6.58CN¥4.30n/a8
Feb ’25CN¥4.39
CN¥5.50
+25.4%
15.5%CN¥6.58CN¥4.30n/a8
Jan ’25CN¥4.37
CN¥5.43
+24.1%
14.3%CN¥6.25CN¥4.30n/a8
Dec ’24CN¥4.62
CN¥5.57
+20.6%
17.1%CN¥7.12CN¥4.30n/a8
Nov ’24CN¥4.78
CN¥6.06
+26.8%
17.2%CN¥7.80CN¥4.30CN¥4.768
Oct ’24CN¥4.78
CN¥6.09
+27.4%
17.0%CN¥7.80CN¥4.30CN¥4.858
Sep ’24CN¥4.92
CN¥6.31
+28.2%
16.7%CN¥7.80CN¥4.40CN¥4.578
Aug ’24CN¥5.44
CN¥6.58
+21.0%
18.9%CN¥7.80CN¥4.40CN¥4.837
Jul ’24CN¥5.37
CN¥6.58
+22.5%
18.9%CN¥7.80CN¥4.40CN¥4.487
Jun ’24CN¥5.41
CN¥6.58
+21.6%
18.9%CN¥7.80CN¥4.40CN¥4.677
May ’24CN¥5.42
CN¥6.72
+24.0%
21.6%CN¥9.00CN¥4.40CN¥4.697
Apr ’24CN¥5.48
CN¥7.20
+31.3%
16.2%CN¥9.00CN¥5.00CN¥4.706
Mar ’24CN¥5.66
CN¥6.84
+20.8%
13.5%CN¥7.40CN¥5.00CN¥4.675
Feb ’24CN¥5.79
CN¥7.00
+21.0%
15.0%CN¥8.12CN¥5.00CN¥4.395
Jan ’24CN¥5.65
CN¥6.82
+20.8%
15.3%CN¥8.12CN¥5.00CN¥4.375
Dec ’23CN¥5.76
CN¥6.71
+16.4%
17.0%CN¥8.12CN¥5.00CN¥4.624
Nov ’23CN¥5.70
CN¥7.32
+28.5%
19.3%CN¥9.00CN¥5.00CN¥4.785

Analyst Forecast: Target price is less than 20% higher than the current share price.

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