Huadian Power International Corporation Limited

1071.HK · Utilities · Utilities - Regulated Electric · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

13.25B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

15.54B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

18.26B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

15.68B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

6.27B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

2.50×

the ratio the screener ranks by

Margin of Safety

+60.0%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 13.25B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)23.54B USD
−②Net Debt Today18.13B USD
+③Growth Value7.84B USD
=Value13.25B USD

EPV of the Operations (NOPAT over WACC)

23.54B USD

Net debt today

-18.13B USD

Growth Value

+7.84B USD

Value

13.25B USD

①EPV (Earnings Power Value)

23.54B USD

②Net Debt Today

18.13B USD

③Growth Value

7.84B USD

Market value

Market Cap6.27B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+52.7%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 15.54B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE8.33B USD
+②Equity at Year 15, Today7.21B USD
=Value15.54B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

8.33B USD

②Equity at Year 15, Today

7.21B USD

Market value

Market Cap6.27B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+59.6%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 18.26B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF9.41B USD
+②Invested Capital at Year 15, Today26.98B USD
−③Net Debt Today18.13B USD
=Value18.26B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

9.41B USD

②Invested Capital at Year 15, Today

26.98B USD

③Net Debt Today

18.13B USD

Market value

Market Cap6.27B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+65.7%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 2.84%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.23×Market Risk Premium 6.00%= 5.90%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 347.85M USDPretax Income 1.52B USD= 22.83%

The tax the interest saves.

Interest Expense =EBIT 1,974.18M USD−Pretax Income 1,523.48M USD= 450.69M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 450.69M USDTotal Debt 19.02B USD×(1 − Tax Rate for WACC 22.83%)= 1.83%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 19.02B USDMarket Cap + Total Debt 6.27B USD + 19.02B USD= 75.20%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 24.80%×Cost of Equity 5.90%+Debt Weight 75.20%×Cost of Debt 1.83%= 2.84%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 38.50B USD − Total Liabilities 23.36B USD = Book Value Today 15.14B USD

Total Debt 19.02B USD − Cash and Short-Term Investments 884.34M USD = Net Debt Today 18.13B USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 113.5%at most 5%does not pass11,611,774,184 / 10,227,561,133
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets7.9%at least -10.0%passes(3.89B USD − 868.54M USD) ÷ 38.50B USD
Price to bookMarket Cap ÷ Book Value Today0.41×at most 3×passes6.27B USD ÷ 15.14B USD
Operating marginOperating Income ÷ Revenue8.7%above 10.0%does not pass1.56B USD ÷ 18.03B USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-7.1%above 10.0%does not pass18.03B USD / 19.41B USD
Net cash(Cash − Total Debt) ÷ Market Cap-289.2%above -30%does not pass(884.34M USD − 19.02B USD) ÷ 6.27B USD
Operating efficiencyOperating Income ÷ Gross Profit75.7%above 25.0%passes1.56B USD ÷ 2.06B USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

4.23 HKD

Enterprise value

208.77B HKD

the provider's own figure

EV / EBITDA

8.77×

Price / book

0.84×

the provider's book

Price / earnings

8.81×

Return on equity

7.5%

the provider's figure, not this page's

Profit margin

4.4%

Revenue growth

-9.6%

Analyst target, mean

4.56 HKD

Analysts

7

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

15.39B16.50B19.41B18.03B

Gross profit

66.07M1.06B1.62B2.06B

Operating income

-161.90M809.82M1.22B1.56B

EBITDA

operating income before depreciation and amortisation

1.83B2.79B3.63B3.88B

Pretax income

-165.29M818.34M1.34B1.52B

Net income

16.72M636.93M821.20M868.54M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

121.07M662.45M779.02M949.87M

R&D

——2.21M15.96M
Balance sheet, year end (USD)2022202320242025

Total assets

32.10B31.41B36.40B37.81B

Total liabilities

21.97B19.67B22.77B23.20B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

8.55B9.82B9.74B9.90B

Total debt

17.99B16.56B18.70B19.02B

Cash and equivalents

903.15M768.34M940.99M999.11M

Net PP&E

fixed assets after depreciation

20.47B19.76B23.30B24.35B

Working capital

current assets less current liabilities

-4.87B-4.88B-6.15B-7.70B
Cash flow (USD)2022202320242025

Operating cash flow

1.39B1.87B2.67B3.89B

Capital expenditure

paid out, so below zero

-1.50B-1.48B-1.64B-2.16B

Depreciation and amortisation

1.41B1.46B1.85B1.91B

Free cash flow

operating cash flow plus capital expenditure

-110.49M389.19M1.02B1.74B