China Three Gorges New Energy Group Co Ltd (600905) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of China Three Gorges New Energy Group Co Ltd stock ¥2.40, price ¥3.34, upside -28.1%, quality 37 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range ¥3.31 – ¥7.56 · fair‑value band ¥2.13 – ¥2.92 · the ¥3.34 price screens above the ¥2.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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China Three Gorges Renewables (Group) Co.,Ltd. engages in the development, investment, and operation of wind and solar energy in China.
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The company develops offshore wind power projects with a cumulative installed capacity of 7.0498 million kilowatts, onshore wind power projects with a cumulative installed capacity of over 7.5 million kilowatts, photovoltaic power stations with a cumulative installed capacity of over 7 gigawatts, and small and medium-sized hydropower project with an installed capacity of 220 megawatts.
China Three Gorges Renewables (Group) Co.,Ltd. was founded in 1985 and is based in Beijing, China.
Stock analysis
China Three Gorges New Energy Group Co Ltd (600905) currently trades at ¥3.34, while our model-based Fair Value estimate is ¥2.40, 28.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of ¥3.57 per share, and 4 of the 12 models we run sit above the ¥3.34 price.
Bear case: the Asset-Based group reads lowest at ¥1.86, and 8 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥2.13 (bear) to ¥2.92 (bull), the price of ¥3.34 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 37/100 (below-average quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
China Three Gorges New Energy Group Co Ltd reported revenue of 28.4B CNY in FY2025 versus 16.4B CNY in FY2021, a compound +14.7%/yr. Reported net income was 3.7B CNY in FY2025, compounding −12.9%/yr from FY2021.
Key figures
Market cap 95.5B CNY (≈ $14.3B) Large · P/E ratio 83.5 · P/S ratio 3.50 · EPS (TTM) ¥0.0400 · Dividend yield 1.2% · Net margin 4.1% · Return on equity 1.3% · Return on assets (EBIT) 3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −35% fair-value upside, at −28%, 600905 screens cheaper than that median.
Fair Value models
Bear¥2.13Fair Value ¥2.40Bull¥2.92
Price ¥3.34 · Upside -28.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+20.2%
Start year 2020 (pandemic)
Revenue growth 21 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.8%
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’16
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+19.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.8%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.6% vs 5.4%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.38% → 34%
AI conclusion: The renewable utility gains from ongoing capacity additions in wind and solar, yet its main weakness remains low returns amid heavy investment needs and leverage.
Main risk: Resource variability and shifting electricity prices pose the biggest risk to the company's margins by causing profit declines despite capacity growth.
China Three Gorges Renewables continues to add wind and solar capacity while reporting stronger third-quarter generation volumes. Yet earlier results showed sharp profit declines tied to weaker resources and shifting electricity prices. Our models see the stock as overvalued given these pressures. Will expanding output reliably lift earnings or will resource variability and market pricing keep squeezing margins?
Compare China Three Gorges New Energy Group Co Ltd with another stock
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Peer Groupⓘ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.Utilities - Renewable · 200 stocks
Beats the industry median on 2/14 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Below median
Fair Value upside−27.5% · Below median
Profitability
Return on equity (12 months)1.3% · Below median
Return on assets1.0% · Below median
Net margin (12 months)4.1% · Below median
Operating margin (12 months)18.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)−9.8% · Below median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity1.91× · Highest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/E (12 months)83.5× · Priciest 25%
P/B1.07× · Cheaper than median
P/S (12 months)3.50× · Pricier than median
EV/EBITDA12.4× · Pricier than median
PEG1.44× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)0· sector 8
PAST (return on equity)5· sector 13
HEALTH (low debt)5· sector 68
DIVIDEND (yield)25· sector 48
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "China Three Gorges New Energy Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600905
Frequently asked questions
Is China Three Gorges New Energy Group Co Ltd (600905) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of ¥2.40 versus a price of ¥3.34, about −28% upside (overvalued).
What is the fair value of 600905?
Our model-based fair value for China Three Gorges New Energy Group Co Ltd is ¥2.40 (as of Oct 22, 2026), built from audited fundamentals. The current price: ¥3.34.
What is the quality score of 600905?
China Three Gorges New Energy Group Co Ltd has a Quality Score of 37/100. 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 price target for China Three Gorges New Energy Group Co Ltd (600905)?
Our model-based price target is the fair value of ¥2.40 (as of Oct 22, 2026) from 13 valuation models. Cautious scenario ¥2.13, optimistic scenario ¥2.92. It is a calculation from audited fundamentals, not an analyst target.
What is the China Three Gorges New Energy Group Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.40, about −28% upside versus a price of ¥3.34 (overvalued). Cautious scenario ¥2.13, optimistic scenario ¥2.92. The calculation is refreshed regularly with new filings.
What is the revenue of China Three Gorges New Energy Group Co Ltd (600905)?
China Three Gorges New Energy Group Co Ltd reported trailing-twelve-month revenue of about 27.0B CNY (latest available figure, as of Oct 22, 2026).
Does China Three Gorges New Energy Group Co Ltd pay a dividend?
China Three Gorges New Energy Group Co Ltd currently shows a dividend yield of 1.23% relative to its recent price (as of Oct 22, 2026).
What is the intrinsic value of China Three Gorges New Energy Group Co Ltd (600905)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Three Gorges New Energy Group Co Ltd it is ¥2.40 per share (as of Oct 22, 2026), against a price of ¥3.34. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is China Three Gorges New Energy Group Co Ltd stock overvalued or undervalued in 2026?
As of Oct 22, 2026, 600905 trades above its calculated fair value: price ¥3.34, fair value ¥2.40, a gap of about −28% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600905?
No. The price is what the market pays today (¥3.34); the fair value is what the company's own numbers justify (¥2.40). For China Three Gorges New Energy Group Co Ltd the two are ¥0.9400 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Three Gorges New Energy Group Co Ltd worth?
The market values China Three Gorges New Energy Group Co Ltd at about 95.5B CNY (market capitalisation, as of Oct 22, 2026). Per share that is ¥3.34; our models calculate a fair value of ¥2.40 per share.
What do the bullish and bearish scenarios say about 600905?
Our models span a range for China Three Gorges New Energy Group Co Ltd: cautious scenario ¥2.13, base ¥2.40, optimistic ¥2.92 per share (as of Oct 22, 2026, price ¥3.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600905?
China Three Gorges New Energy Group Co Ltd trades at a price-to-earnings ratio of 83.5 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥2.40 is built from several models across several years. Other multiples: PEG 1.4, P/B 1.1, P/S 3.5, EV/EBITDA 12.4.
What is the PEG ratio of 600905?
The PEG ratio of China Three Gorges New Energy Group Co Ltd is 1.44 (P/E divided by earnings growth, as of Oct 22, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of China Three Gorges New Energy Group Co Ltd (600905)?
Balance-sheet figures for China Three Gorges New Energy Group Co Ltd (as of Oct 22, 2026): return on equity 1.3%, debt of 1.91 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 600905 from its 52-week high?
China Three Gorges New Energy Group Co Ltd trades at ¥3.34, about 27% below its 52-week high of ¥4.56 and 1% above the low of ¥3.31 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.40 is for.
Which stocks are comparable to China Three Gorges New Energy Group Co Ltd?
From the same area (Utilities) we also value China Yangtze Power Co, Huaneng Lancang River Hydropower Inc, VERBUND AG, Ørsted A/S, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is China Three Gorges New Energy Group Co Ltd stock attractive at the current price?
The data as of Oct 22, 2026: price ¥3.34, calculated fair value ¥2.40 (−28%), Quality Score 37/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600905 calculated?
We run China Three Gorges New Energy Group Co Ltd through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥2.40, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. China Three Gorges New Energy Group Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of China Three Gorges New Energy Group Co Ltd (600905)?
The closing price on Oct 23, 2026 was ¥3.34. Our model-based fair value is ¥2.40, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Three Gorges New Energy Group Co Ltd right now?
The price sits above even our optimistic bull case (¥2.92). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of China Three Gorges New Energy Group Co Ltd
How large is the market capitalisation of China Three Gorges New Energy Group Co Ltd (600905)?
The market capitalisation of China Three Gorges New Energy Group Co Ltd is 95.5B CNY (≈ $14.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of China Three Gorges New Energy Group Co Ltd (600905)?
The price-to-sales ratio of China Three Gorges New Energy Group Co Ltd is 3.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of China Three Gorges New Energy Group Co Ltd (600905)?
Earnings per share at China Three Gorges New Energy Group Co Ltd are ¥0.0400 (price ÷ EPS = P/E 83.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of China Three Gorges New Energy Group Co Ltd (600905)?
The dividend yield of China Three Gorges New Energy Group Co Ltd is 1.2% (payout 103%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of China Three Gorges New Energy Group Co Ltd (600905)?
The net margin of China Three Gorges New Energy Group Co Ltd is 4.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of China Three Gorges New Energy Group Co Ltd (600905)?
The return on equity (ROE) of China Three Gorges New Energy Group Co Ltd is 1.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of China Three Gorges New Energy Group Co Ltd (600905)?
On an EBIT basis the return on assets of China Three Gorges New Energy Group Co Ltd is 3.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of China Three Gorges New Energy Group Co Ltd (600905)?
The operating margin of China Three Gorges New Energy Group Co Ltd is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Three Gorges New Energy Group Co Ltd (600905)?
Revenue at China Three Gorges New Energy Group Co Ltd is growing −9.8% versus a year earlier (3y avg +6.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at China Three Gorges New Energy Group Co Ltd (600905)?
Earnings per share at China Three Gorges New Energy Group Co Ltd are growing −87.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does China Three Gorges New Energy Group Co Ltd (600905) generate?
The free cash flow of China Three Gorges New Energy Group Co Ltd is −11.2B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does China Three Gorges New Energy Group Co Ltd (600905) carry?
The net debt of China Three Gorges New Energy Group Co Ltd is 168B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 22, 2026