Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd (SSE:600116)

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Price: 7.11 CNY 0.42%

Market Cap: 11.1B CNY

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Section:

Relative Value

The Relative Value of one Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd stock under the Base Case scenario is 14.52 CNY. Compared to the current market price of 7.11 CNY, Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd is Undervalued by 51%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

P/S

vs History	90
vs Industry	58

Median 5Y

1.5

Industry

1.6

Forward

More Details

19.7

P/E

vs History	77
vs Industry	26

Median 5Y

22.8

Industry

15.1

Forward

23.1

More Details

8.8

P/OCF

vs History	87
vs Industry	37

Median 5Y

14.5

Industry

More Details

Negative

P/FCFE

vs History
vs Industry	21

Median 5Y

15.3

Industry

13.9

More Details

P/B

vs History	90
vs Industry	60

Median 5Y

1.3

Industry

1.4

More Details

1.6

EV/S

vs History	77
vs Industry	62

Median 5Y

1.9

Industry

2.7

Forward

1.6

More Details

16.1

EV/GP

vs History	47
vs Industry	20

Median 5Y

16.2

Industry

7.5

More Details

26.6

EV/EBITDA

vs History	44
vs Industry	12

Median 5Y

25.9

Industry

10.3

Forward

7.9

More Details

26.6

EV/EBIT

vs History	44
vs Industry	20

Median 5Y

25.9

Industry

14.6

Forward

24.4

More Details

EV/OCF

vs History	77
vs Industry	39

Median 5Y

18.6

Industry

11.1

More Details

Negative

EV/FCFF

vs History
vs Industry	4

Median 5Y

37.1

Industry

16.8

More Details

0.8

EV/IC

vs History	85
vs Industry	51

Median 5Y

Industry

0.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CN		Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd SSE:600116	11.1B CNY	1	19.7	26.6	26.6
US		Nextera Energy Inc NYSE:NEE	148.7B USD	5.7	21.5	15.4	26.1
US		Southern Co NYSE:SO	91B USD	3.4	19.3	12.5	21.8
ES		Iberdrola SA MAD:IBE	85.1B EUR	1.9	12.8	7	10.7
US		Duke Energy Corp NYSE:DUK	83.8B USD	2.8	20	11.7	21.4
IT		Enel SpA MIL:ENEL	69.1B EUR	0.6	7.9	4	5.4
US		Constellation Energy Corp NASDAQ:CEG	71.5B USD	3	25	12.8	23.3
US		PG&E Corp NYSE:PCG	52.4B USD	2.1	19.1	11.8	21
US		American Electric Power Company Inc NASDAQ:AEP	49.4B USD	2.5	18.7	12.4	22.4
FR		Electricite de France SA PAR:EDF	46.6B EUR	0.3	-2.5	-5.4	-3.2
DK	O	Oersted A/S SWB:D2G	39.4B EUR	4.6	58.1	24.3	24.3

				Revenue Growth	P/S to Growth
CN		Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd SSE:600116	Average P/S: 2.5 1	42%	0
US		Nextera Energy Inc NYSE:NEE	5.7	14%	0.4
US		Southern Co NYSE:SO	3.4	15%	0.2
ES		Iberdrola SA MAD:IBE	1.9	5%	0.4
US		Duke Energy Corp NYSE:DUK	2.8	12%	0.2
IT		Enel SpA MIL:ENEL	0.6	4%	0.2
US		Constellation Energy Corp NASDAQ:CEG	3	2%	1.6
US		PG&E Corp NYSE:PCG	2.1	10%	0.2
US		American Electric Power Company Inc NASDAQ:AEP	2.5	16%	0.2
FR		Electricite de France SA PAR:EDF	0.3	-43%	N/A
DK	O	Oersted A/S SWB:D2G	4.6	20%	0.2

				Earnings Growth	P/E to Growth
CN		Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd SSE:600116	Average P/E: 22.2 19.7	45%	0.4
US		Nextera Energy Inc NYSE:NEE	21.5	14%	1.6
US		Southern Co NYSE:SO	19.3	31%	0.6
ES		Iberdrola SA MAD:IBE	12.8	24%	0.5
US		Duke Energy Corp NYSE:DUK	20	93%	0.2
IT		Enel SpA MIL:ENEL	7.9	112%	0.1
US		Constellation Energy Corp NASDAQ:CEG	25	93%	0.3
US		PG&E Corp NYSE:PCG	19.1	91%	0.2
US		American Electric Power Company Inc NASDAQ:AEP	18.7	53%	0.4
FR		Electricite de France SA PAR:EDF	Negative Multiple: -2.5	N/A	N/A
DK	O	Oersted A/S SWB:D2G	58.1	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
CN		Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd SSE:600116	Average EV/EBITDA: 13.9 26.6	N/A	N/A
US		Nextera Energy Inc NYSE:NEE	15.4	24%	0.6
US		Southern Co NYSE:SO	12.5	28%	0.4
ES		Iberdrola SA MAD:IBE	7	16%	0.4
US		Duke Energy Corp NYSE:DUK	11.7	25%	0.5
IT		Enel SpA MIL:ENEL	4	1%	4.7
US		Constellation Energy Corp NASDAQ:CEG	12.8	28%	0.5
US		PG&E Corp NYSE:PCG	11.8	60%	0.2
US		American Electric Power Company Inc NASDAQ:AEP	12.4	38%	0.3
FR		Electricite de France SA PAR:EDF	Negative Multiple: -5.4	N/A	N/A
DK	O	Oersted A/S SWB:D2G	24.3	153%	0.2

				EBIT Growth	EV/EBIT to Growth
CN		Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd SSE:600116	Average EV/EBIT: 20.3 26.6	109%	0.2
US		Nextera Energy Inc NYSE:NEE	26.1	26%	1
US		Southern Co NYSE:SO	21.8	46%	0.5
ES		Iberdrola SA MAD:IBE	10.7	21%	0.5
US		Duke Energy Corp NYSE:DUK	21.4	35%	0.6
IT		Enel SpA MIL:ENEL	5.4	1%	3.8
US		Constellation Energy Corp NASDAQ:CEG	23.3	161%	0.1
US		PG&E Corp NYSE:PCG	21	99%	0.2
US		American Electric Power Company Inc NASDAQ:AEP	22.4	56%	0.4
FR		Electricite de France SA PAR:EDF	Negative Multiple: -3.2	N/A	N/A
DK	O	Oersted A/S SWB:D2G	24.3	64%	0.4

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Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd
SSE:600116

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples
Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd Competitors

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Company

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52 Week Range	6.45 7.87
Price Target

Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd SSE:600116

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd Competitors

See Also

Company

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Stocks

Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd
SSE:600116

Competitors Multiples
Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd Competitors