Henan Yuneng Holdings Co Ltd (001896) Fair Value & Analysis
Utilities · CN · Market cap 20.9B CNY (≈ $3.1B) · ISIN CNE000000TZ3
What is Henan Yuneng Holdings Co Ltd really worth?
Below-average quality, and trading another 165% above our fair value of ¥4.35.
Risks
Fair value as of: Sep 3, 2026
From 21 valuation models · updated yesterday
Share price −14.5% 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 above even our optimistic bull case (¥5.44). The favourable scenario is already priced in.
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range ¥3.01 – ¥22.70 · fair‑value band ¥3.26 – ¥5.44 · the ¥11.54 price screens above the ¥4.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 3, 2026.
Analysis
Henan Yuneng Holdings Co Ltd (001896) currently trades at ¥11.54, while our model-based Fair Value estimate is ¥4.35, implying the stock looks roughly 165.3% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Utilities sector. Bull case: the DCF Models group reads highest at a median of ¥10.73 per share, and 5 of the 21 models we run sit above the ¥11.54 price. Bear case: the Asset-Based group reads lowest at ¥1.54, and 16 of the 21 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Henan Yuneng Holdings Co Ltd generated revenue of 10.8B CNY at a net margin of 3.5%. Revenue declined 15.0% year over year. It earns a return on equity of 10.1%. Net debt stands at 18.3B CNY. Fundamentals as of Sep 3, 2026
Our scenario range runs from ¥3.26 (bear case) to ¥5.44 (bull case); at ¥11.54, the current price sits above 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 52% below its 52-week high and 170% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −37% fair-value upside, at −62%, 001896 screens richer 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 ¥0.1692 per share, which is 3.9 % 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.
All 21 models by family
Widest divergence: DCF Models (¥10.73) versus Asset-Based (¥1.54). Highest evidence: Residual Income (73).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 46
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
Henan Yuneng Holdings Co.,Ltd., through its subsidiaries, invests in, develops, generates, and sells electricity in China. It operates through Power, Coal, and Other segments.
Full company description
Henan Yuneng Holdings Co.,Ltd., through its subsidiaries, invests in, develops, generates, and sells electricity in China. It operates through Power, Coal, and Other segments. The company offers electricity and heat, including biomass thermal power, heating, wind power, photovoltaic power, and other power supply; and equipment maintenance, overhaul services, carbon asset trading, and other services to power generation companies, as well as sells power generation by-products. It also purchases and sells coal, selection, storage, transportation, and other services; and provides accounts receivable factoring financing services. In addition, the company is involved in provision of pumped storage, new energy, and comprehensive energy services; production and sale of power products; management of energy projects for electricity production; sale of power materials and fly ash; and power environmental protection and energy-saving technological upgrades. Henan Yuneng Holdings Co.,Ltd. was founded in 1997 and is based in Zhengzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Henan Yuneng Holdings Co Ltd reported revenue of 11.2B CNY in FY2025 versus 11.9B CNY in FY2021, a compound −1.5%/yr. Reported net income was 390M CNY in FY2025.
001896 screens 165% overvalued. Compare with NextEra Energy, Inc →
Peer Group
Utilities - Regulated Electric · 153 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.
Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper
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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $83.47 | $32.94 | −61% |
| The Southern Company SO | $88.25 | $58.81 | −33% |
| Duke Energy Corporation DUK | $120.25 | $74.89 | −38% |
| National Grid plc NGG | $80.68 | $63.94 | −21% |
| American Electric Power Company AEP | $122.96 | $77.23 | −37% |
| Dominion Energy, Inc D | $66.01 | $46.34 | −30% |
| Entergy Corporation ETR | $105.75 | $52.92 | −50% |
| Xcel Energy Inc XEL | $76.34 | $44.61 | −42% |
| Exelon Corporation EXC | $43.96 | $37.60 | −14% |
| Endesa, S.A ELE | €42.30 | €25.72 | −39% |
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