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CNPC Capital Co Ltd (000617) Fair Value & Analysis

Financial Services · CN · Market cap 86.7B CNY (≈ $12.9B) · ISIN CNE000000MS3

What is CNPC Capital Co Ltd really worth?

CC CNPC Capital Co Ltd 000617 · SHE
Price¥7.34
Fair Value¥6.99
Upside−4.8%
Quality45/100

Below-average quality, currently priced close to our fair value of ¥6.99.

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Strengths

Solidly profitable · 14.2% net margin

Risks

!Expensive Growth (revenue 5y +3.3 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (7/13)
!Moderate moat 56/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 27 out of 100
!Weak on past: 20 out of 100

For context

·1.39% dividend yield
Evidence: Medium Range ¥5.24 – ¥8.74

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from ¥5.78 to ¥6.99 (+20.9%) since Jul 16, 2026. Share price +2.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

¥12.91 ¥4.04 Fair Value ¥6.99 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥4.04 – ¥12.91 · fair‑value band ¥5.24 – ¥8.74 · the ¥7.34 price screens above the ¥6.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CNPC Capital Co Ltd (000617) currently trades at ¥7.34, while our model-based Fair Value estimate is ¥6.99, implying the stock looks roughly 5.0% fairly valued today. The Quality Score stands at 45/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 15 models at a data quality of 83/100, which puts the evidence level at medium.

Over the trailing twelve months, CNPC Capital Co Ltd generated revenue of 32.3B CNY at a net margin of 14.2%. Revenue declined 17.2% year over year. It earns a return on equity of 4.9%. Net debt stands at 85.8B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥5.24 (bear case) to ¥8.74 (bull case); at ¥7.34, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 46% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −34% fair-value upside, at −5%, 000617 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.1753 per share, which is 2.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
P/B Multiple ¥5.27 ¥7.03 ¥8.79 55
NCAV (Graham) ¥4.14 ¥5.54 ¥8.27 54
All 2 models by family
Multiples
P/B Multiple ¥5.27 ¥7.03 ¥8.79 55
Asset-Based
NCAV (Graham) ¥4.14 ¥5.54 ¥8.27 54

Widest divergence: Multiples (¥7.03) versus Asset-Based (¥5.54). Highest evidence: P/B Multiple (55).

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Key figures & financial health

P/E ratio 20.4
P/S ratio 2.59 P/E × margin
EPS (TTM) ¥0.3600 price ÷ EPS = P/E 20.4
Dividend yield 1.4% payout 28.3%
Net margin 12.7% FY2025
Return on equity 4.9% TTM
More key figures
Profitability
Return on assets (EBIT) 1.5% avg 5y
Operating margin 80.1% TTM
Growth
Revenue (TTM) 32.3B CNY TTM
Revenue growth (YoY) −17.2% 3y avg +1.4%
EPS growth (YoY) +20.0%
Balance sheet & cash flow
Free cash flow −19.2B CNY FY2025
Net debt 85.8B CNY FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 34 · Market factors (momentum, volatility) 32

Profitability 22
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

CNPC Capital Company Limited provides financial services in China and internationally. It provides savings deposits, personal loans, bank cards, investment and wealth management, and credit cards; deposit settlement, traditional financing, investment banking, supply chain financing, and corporate credit; and international settlement, international trade …

Full company description

CNPC Capital Company Limited provides financial services in China and internationally. It provides savings deposits, personal loans, bank cards, investment and wealth management, and credit cards; deposit settlement, traditional financing, investment banking, supply chain financing, and corporate credit; and international settlement, international trade finance, and foreign exchange business. The company also offers payment and collection, internal transfer settlement, bill acceptance and discounting; financial leasing, operating leasing and sale-leaseback; and asset servicing trust, asset management trust, and charitable trust. In addition, it provides property loss insurance, liability insurance, credit insurance, guarantee insurance, short-term health insurance, accident insurance, and reinsurance services, as well as life and investment-linked insurances, and group employee benefit plans. Further, the company engages in insurance brokerage, insurance loss assessment, and risk consulting; provision of risk reduction, claims investigation and inspection, loss assessment and settlement, residual value processing, marine claims settlement, and claims consulting; and corporate credit enhancement, credit product creation and trading, and asset investment. Additionally, it offers securities brokerage; securities investment consulting; financial advisory services related to securities trading and investment activities; securities underwriting and sponsorship; proprietary securities trading; securities asset management; margin trading; distribution of mutual funds and financial products; and management of publicly offered mutual funds, as well as services to futures companies. The company was formerly known as Jinan Diesel Engine Co., Ltd. and changed its name to CNPC Capital Company Limited in February 2017. The company was founded in 1996 and is based in Beijing, China. CNPC Capital Company Limited is a subsidiary of China National Petroleum Corporation.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CNPC Capital Co Ltd reported revenue of 33.8B CNY in FY2025 versus 31.0B CNY in FY2021, a compound +2.2%/yr. Reported net income was 4.3B CNY in FY2025, compounding −6.2%/yr from FY2021.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
33.8B CNY
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.3%
Avg. revenue growth/yr (31Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−9.8% (−11.2 + 1.4)
Revenue +2.2%/yr
FY21 31.0B CNY
FY22 32.4B CNY
FY23 39.0B CNY
FY24 39.0B CNY
FY25 33.8B CNY
Net income −6.2%/yr
FY21 5.6B CNY
FY22 4.9B CNY
FY23 5.1B CNY
FY24 4.7B CNY
FY25 4.3B CNY

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Cite: Fair Value Calculator (2026). "CNPC Capital Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000617

Peer Group

Financial Conglomerates · 55 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Bottom 25%
Fair Value upside −5% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 1% · Above median
Net margin (TTM) 14% · Above median
Operating margin (TTM) 80% · Top 25%
Revenue growth −17% · Bottom 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.17× · Lower than median

Valuation Multiples vs Financial Conglomerates median · lower = cheaper

P/E (TTM) 20.4× · Pricier than median
P/B 0.83× · Cheaper than 75% of peers
P/S (TTM) 2.69× · Pricier than median
EV/EBITDA 2.9× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE27 · sector 0
FUTURE0 · sector 39
PAST20 · sector 33
HEALTH92 · sector 84
DIVIDEND28 · sector 52

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Frequently asked questions

Is CNPC Capital Co Ltd (000617) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥6.99 versus a price of ¥7.34, about −5% upside (fairly valued).
What is the fair value of 000617?
Our model-based fair value for CNPC Capital Co Ltd is ¥6.99 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥7.34.
What is the quality score of 000617?
CNPC Capital Co Ltd has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of CNPC Capital Co Ltd (000617)?
CNPC Capital Co Ltd reported trailing-twelve-month revenue of about 32.3B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 000617?
The net profit margin of CNPC Capital Co Ltd is about 14.2%, meaning it keeps roughly 14.2% of revenue as net income. Based on the latest reported figures.
Does CNPC Capital Co Ltd pay a dividend?
CNPC Capital Co Ltd currently shows a dividend yield of about 1.39% relative to its recent price (as of Aug 13, 2026).
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