Huaneng Power International Inc (600011) Fair Value & Analysis
Utilities · CN · Market cap 106B CNY (≈ $15.8B) · ISIN CNE000001998
What is Huaneng Power International Inc really worth?
Below-average quality, trading 25% below our fair value of ¥9.14.
Strengths
Risks
For context
Fair value as of: Aug 14, 2026
From 25 valuation models · updated 22 days ago
Fair value updated Aug 14, 2026, revised from ¥10.46 to ¥9.14 (−12.6%) since Jul 16, 2026. Share price −3.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (¥6.24 to ¥19.51). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.
How to read this chart
60‑month range ¥3.77 – ¥10.29 · fair‑value band ¥6.24 – ¥19.51 · the ¥6.86 price screens below the ¥9.14 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 14, 2026.
Analysis
Huaneng Power International Inc (600011) currently trades at ¥6.86, while our model-based Fair Value estimate is ¥9.14, implying the stock looks roughly 24.9% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Utilities sector. Bull case: the Multiples group reads highest at a median of ¥15.60 per share, and 17 of the 25 models we run sit above the ¥6.86 price. Bear case: the Asset-Based group reads lowest at ¥2.77, and 8 of the 25 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Huaneng Power International Inc generated revenue of 226B CNY at a net margin of 6.2%. Revenue declined 5.9% year over year. It earns a return on equity of 9.1%. Net debt stands at 382B CNY. Fundamentals as of Aug 14, 2026
Our scenario range runs from ¥6.24 (bear case) to ¥19.51 (bull case); at ¥6.86, 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 30% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −51% fair-value upside, at 33%, 600011 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 ¥0.2174 per share, which is 2.4 % 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 25 models by family
Widest divergence: Multiples (¥15.60) versus Growth DCF (¥0.5900). Highest evidence: FCF DCF (73).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 38
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
Huaneng Power International, Inc., together with its subsidiaries, generates and sells electric power to the regional or provincial grid companies in the People's Republic of China, the Islamic Republic of Pakistan, and internationally.
Full company description
Huaneng Power International, Inc., together with its subsidiaries, generates and sells electric power to the regional or provincial grid companies in the People's Republic of China, the Islamic Republic of Pakistan, and internationally. The company develops, constructs, operates, and manages coal-fired and gas-fired power plants, as well as is involved in the business of new energy generation projects and supporting ports, shipping, incremental distribution grid, and other facilities. It also provides port, transportation, maintenance, and heating pipeline services. It has installed power generation capacity of 155,869 MW, including natural gas power, hydropower, wind power, and solar power. The company was incorporated in 1994 and is based in Beijing, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Huaneng Power International Inc reported revenue of 228B CNY in FY2025 versus 205B CNY in FY2021, a compound +2.7%/yr. Reported net income was 14.4B CNY in FY2025.
of which total revenue +6.7 % · buybacks/dilution −0.8 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Huaneng Power International (SEHK:902) Falls On Earnings As Investors Revisit Its Fair Value
- Huaneng Power International Inc (HUNGF) (H1 2026) Earnings Call Highlights: Renewable Expansion ...
- Huaneng Power International (SEHK:902) Faces Earnings Decline; Strategic Alliances Key to Recovery
- Huaneng Power International Inc (HUNGF) Q3 2024 Earnings Call Highlights: Navigating Revenue ...
Peer Group
Utilities - Independent Power Producers · 76 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 - Independent Power Producers 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.
Insider activity: 35/100
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 - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Constellation Energy Corporation CEG | $285.05 | $88.09 | −69% |
| Vistra Corp VST | $144.22 | $50.39 | −65% |
| Adani Power Limited ADANIPOWER | ₹206.10 | ₹75.57 | −63% |
| CGN Power Co 003816 | ¥4.33 | ¥3.62 | −16% |
| Gulf Development Public Company GULF | 63.25 THB | 39.25 THB | −38% |
| NRG Energy, Inc NRG | $109.51 | $53.91 | −51% |
| Adani Energy Solutions Limited ADANIENSOL | ₹1,583 | ₹342.02 | −78% |
| Talen Energy Corporation TLN | $365.07 | $43.55 | −88% |
| Datang International Power Generation Co 601991 | ¥5.89 | ¥4.95 | −16% |
| Power Assets Holdings 0006 | HK$59.90 | HK$30.74 | −49% |
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