Beijing Jingneng Power Valuation

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

600578 (CN¥3.63) is trading below our estimate of [[fair value]] (CN¥6.72)

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

Valuation Score

5/6

Valuation Score 5/6

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¥3.63) is trading below our estimate of fair value (CN¥6.72)

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 Ratio	16.6x
Earnings	CN¥1.46b
Market Cap	CN¥24.30b

600578 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.1x
Enterprise Value/EBITDA	12.2x
PEG Ratio	0.8x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	34x
600483 Fujian Funeng	9.3x	8.6%	CN¥25.5b
000539 Guangdong Electric Power Development	34.2x	n/a	CN¥22.2b
000027 Shenzhen Energy Group	79.6x	n/a	CN¥31.5b
600863 Inner Mongolia MengDian HuaNeng Thermal Power	13.1x	15.0%	CN¥27.7b
600578 Beijing Jingneng Power	16.6x	20.0%	CN¥24.3b

Price-To-Earnings vs Peers: 600578 is good value based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (34.1x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600578 is good value based on its Price-To-Earnings Ratio (16.6x) compared to the CN Renewable Energy industry average (17.6x).

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 Ratio	16.6x
Fair PE Ratio	17.7x

Price-To-Earnings vs Fair Ratio: 600578 is good value based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.7x).

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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