Estimating The Fair Value Of China Yangtze Power Co., Ltd. (SHSE:600900)
Jul 05
Chinese (SSE) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies4990
- 7D-3.8%
- 3M-9.5%
- 1Y-20.0%
- YTD-11.9%
Over the last 7 days, the market has dropped 3.8%, driven by pullbacks in the Industrials and Information Technology sectors of 4.5% and 4.6%, respectively. In the last 12 months the market is down 20%. Earnings are forecast to grow by 22% annually.
Market Valuation and Performance
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | CN¥58.2t | CN¥50.8t | CN¥2.8t | 27.3x | 20.8x | 1.1x |
| Thu, 06 Jun 2024 | CN¥63.3t | CN¥50.7t | CN¥2.8t | 30.1x | 22.7x | 1.2x |
| Sat, 04 May 2024 | CN¥64.9t | CN¥50.8t | CN¥2.8t | 31.9x | 23.4x | 1.3x |
| Mon, 01 Apr 2024 | CN¥64.1t | CN¥49.9t | CN¥2.8t | 30.9x | 22.7x | 1.3x |
| Wed, 28 Feb 2024 | CN¥63.5t | CN¥54.0t | CN¥2.9t | 30.7x | 22.2x | 1.2x |
| Fri, 26 Jan 2024 | CN¥62.2t | CN¥52.0t | CN¥3.0t | 31.5x | 20.4x | 1.2x |
| Sun, 24 Dec 2023 | CN¥63.7t | CN¥49.8t | CN¥2.7t | 34.1x | 23.5x | 1.3x |
| Tue, 21 Nov 2023 | CN¥68.0t | CN¥49.8t | CN¥2.7t | 36.4x | 25.1x | 1.4x |
| Thu, 19 Oct 2023 | CN¥66.2t | CN¥49.6t | CN¥2.7t | 33.6x | 24.2x | 1.3x |
| Sat, 16 Sep 2023 | CN¥67.8t | CN¥49.6t | CN¥2.7t | 34.5x | 24.8x | 1.4x |
| Mon, 14 Aug 2023 | CN¥70.0t | CN¥49.3t | CN¥2.8t | 34.9x | 24.7x | 1.4x |
| Wed, 12 Jul 2023 | CN¥71.0t | CN¥49.1t | CN¥2.8t | 36.9x | 25.2x | 1.4x |
| Fri, 09 Jun 2023 | CN¥70.5t | CN¥49.2t | CN¥2.8t | 35.1x | 25.3x | 1.4x |
| Sun, 07 May 2023 | CN¥71.6t | CN¥49.1t | CN¥2.8t | 34.8x | 25.4x | 1.5x |
| Tue, 04 Apr 2023 | CN¥73.7t | CN¥48.1t | CN¥2.9t | 36.3x | 25.6x | 1.5x |
| Thu, 02 Mar 2023 | CN¥74.1t | CN¥47.8t | CN¥2.9t | 37.1x | 25.9x | 1.5x |
| Sat, 28 Jan 2023 | CN¥72.7t | CN¥47.4t | CN¥2.9t | 34.7x | 25.5x | 1.5x |
| Mon, 26 Dec 2022 | CN¥66.7t | CN¥47.5t | CN¥2.8t | 31.7x | 23.6x | 1.4x |
| Wed, 23 Nov 2022 | CN¥68.1t | CN¥47.5t | CN¥2.8t | 34.1x | 24.1x | 1.4x |
| Fri, 21 Oct 2022 | CN¥66.5t | CN¥46.6t | CN¥2.9t | 32.2x | 23.3x | 1.4x |
| Sun, 18 Sep 2022 | CN¥67.9t | CN¥46.6t | CN¥2.8t | 32x | 23.9x | 1.5x |
| Tue, 16 Aug 2022 | CN¥73.0t | CN¥46.2t | CN¥2.9t | 35.7x | 25.6x | 1.6x |
| Thu, 14 Jul 2022 | CN¥71.5t | CN¥46.0t | CN¥2.8t | 33.4x | 25.3x | 1.6x |
| Sat, 11 Jun 2022 | CN¥69.3t | CN¥46.1t | CN¥2.8t | 32.4x | 24.5x | 1.5x |
| Mon, 09 May 2022 | CN¥62.2t | CN¥46.3t | CN¥2.8t | 28.8x | 21.8x | 1.3x |
| Wed, 06 Apr 2022 | CN¥69.7t | CN¥45.1t | CN¥3.0t | 32x | 23.4x | 1.5x |
| Fri, 04 Mar 2022 | CN¥74.5t | CN¥44.4t | CN¥3.0t | 35x | 25.1x | 1.7x |
| Sun, 30 Jan 2022 | CN¥72.8t | CN¥44.1t | CN¥3.0t | 34.1x | 24.6x | 1.6x |
| Tue, 28 Dec 2021 | CN¥79.2t | CN¥43.8t | CN¥2.9t | 37.5x | 27x | 1.8x |
| Thu, 25 Nov 2021 | CN¥79.0t | CN¥43.7t | CN¥2.9t | 37.2x | 27x | 1.8x |
| Sat, 23 Oct 2021 | CN¥75.9t | CN¥42.6t | CN¥2.9t | 33.1x | 25.8x | 1.8x |
| Mon, 20 Sep 2021 | CN¥75.7t | CN¥42.4t | CN¥2.9t | 34.9x | 25.8x | 1.8x |
| Wed, 18 Aug 2021 | CN¥74.7t | CN¥42.4t | CN¥2.9t | 34.4x | 25.6x | 1.8x |
Price to Earnings Ratio
25.6x
Current Market PE
- Investors are pessimistic on the Chinese market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 20.8x which is lower than its 3-year average PE of 24.3x.
Past Earnings Growth
- The earnings for Chinese listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Chinese Market?
| CN Market | -3.76% | |
| Utilities | 0.42% | |
| Financials | -2.75% | |
| Consumer Staples | -3.29% | |
| Healthcare | -3.61% | |
| Materials | -3.67% | |
| Consumer Discretionary | -3.96% | |
| Telecom | -4.03% | |
| Energy | -4.09% | |
| Industrials | -4.55% | |
| Tech | -4.61% | |
| Real Estate | -5.96% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 48.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 33.4% which is higher than its past year's earnings decline of 5.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 5.4% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 601138 Foxconn Industrial Internet | CN¥29.00 | 6.0% +CN¥32.7b | 19.6% | PE26.1x | Tech | |
| 600900 China Yangtze Power | CN¥30.31 | 2.8% +CN¥20.3b | 37.8% | PE26.9x | Utilities | |
| 002475 Luxshare Precision Industry | CN¥41.39 | 5.9% +CN¥16.7b | 24.5% | PE26.1x | Tech | |
| 600489 Zhongjin GoldLtd | CN¥16.90 | 13.5% +CN¥9.7b | 55.6% | PE25.5x | Materials | |
| 600025 Huaneng Lancang River Hydropower | CN¥11.75 | 4.8% +CN¥9.7b | 68.1% | PE27.1x | Utilities |
