CGN Power Co., Ltd.

DB:94C Stock Report

Market Cap: €23.8b

CGN Power Valuation

Is 94C 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 94C when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 94C (€0.28) is trading below our estimate of fair value (€0.86)

Significantly Below Fair Value: 94C is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 94C?

Key metric: As 94C is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 94C. This is calculated by dividing 94C's market cap by their current earnings.
What is 94C's PE Ratio?
PE Ratio11.2x
EarningsCN¥11.01b
Market CapCN¥180.29b

Price to Earnings Ratio vs Peers

How does 94C's PE Ratio compare to its peers?

The above table shows the PE ratio for 94C vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
RWE RWE
8.1x-11.1%€22.9b
EOAN E.ON
17.5x8.9%€31.5b
EBK EnBW Energie Baden-Württemberg
28.6xn/a€17.2b
AB9 ABO Energy GmbH KGaA
10.9x11.6%€323.7m
94C CGN Power
11.2x6.7%€194.0b

Price-To-Earnings vs Peers: 94C is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (16.3x).

Price to Earnings Ratio vs Industry

How does 94C's PE Ratio compare vs other companies in the European Renewable Energy Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
94C 11.2xIndustry Avg. 16.3xNo. of Companies8PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 94C is good value based on its Price-To-Earnings Ratio (11.2x) compared to the European Renewable Energy industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is 94C'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.

94C PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ratio111.5x

Price-To-Earnings vs Fair Ratio: 94C is good value based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (111.5x).

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 94C forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€0.42
0%
19.1%€0.57€0.27n/a12
Nov ’25€0.28
€0.41
+47.3%
18.9%€0.55€0.26n/a11
Oct ’25€0.23
€0.40
+74.8%
18.5%€0.53€0.27n/a11
Sep ’25€0.25
€0.41
+63.8%
15.8%€0.53€0.30n/a11
Aug ’25€0.26
€0.38
+47.8%
21.1%€0.54€0.25n/a12
Jul ’25€0.28
€0.37
+34.3%
17.6%€0.47€0.25n/a12
Jun ’25€0.33
€0.35
+5.7%
16.9%€0.46€0.25n/a12
May ’25€0.29
€0.33
+15.1%
13.1%€0.39€0.25n/a11
Apr ’25€0.23
€0.29
+28.1%
13.1%€0.37€0.22n/a11
Mar ’25€0.26
€0.28
+6.1%
9.8%€0.31€0.21n/a12
Feb ’25€0.24
€0.28
+14.8%
9.8%€0.31€0.21n/a12
Jan ’25€0.21
€0.27
+30.2%
8.2%€0.30€0.21n/a12
Dec ’24€0.21
€0.27
+31.4%
8.9%€0.30€0.21n/a11
Nov ’24€0.20
€0.28
+39.4%
8.6%€0.31€0.21€0.2812
Oct ’24€0.21
€0.28
+34.1%
8.6%€0.31€0.21€0.2312
Sep ’24€0.20
€0.28
+40.8%
8.6%€0.31€0.21€0.2512
Aug ’24€0.20
€0.26
+31.6%
11.9%€0.30€0.19€0.2612
Jul ’24€0.20
€0.27
+35.7%
12.4%€0.31€0.19€0.2812
Jun ’24€0.19
€0.27
+44.4%
12.4%€0.31€0.19€0.3312
May ’24€0.20
€0.25
+24.4%
13.4%€0.30€0.18€0.2912
Apr ’24€0.19
€0.27
+42.8%
12.6%€0.31€0.19€0.2311
Mar ’24€0.18
€0.26
+45.9%
12.7%€0.30€0.20€0.2610
Feb ’24€0.18
€0.26
+42.7%
12.7%€0.30€0.20€0.2410
Jan ’24€0.19
€0.29
+51.1%
13.0%€0.33€0.22€0.2110
Dec ’23€0.19
€0.29
+52.7%
13.0%€0.33€0.22€0.2110
Nov ’23€0.17
€0.29
+64.0%
13.0%€0.33€0.22€0.2010

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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