Three Gorges will exceed 100 in the next five years. Three Gorges Energy's new stock listing is undervalued and "undervalued." Generally speaking, it is difficult for a company with a market value of hundreds of billions to achieve impressive growth.
Three Gorges Energy is different. According to the performance report disclosed in 2021, its first-quarter growth rate is as high as 50%. For it, it is definitely a super high growth rate, but because the price-earnings ratio of new shares issued on all main boards is 23 times is a given, so Sanxia submitted it according to the 2020 financial report. It was confirmed that it was listed at the time of the annual report. At that time, it was set at 2.65, which is a price-earnings ratio of 23 times. However, I did not expect that the growth rate in the first quarter report was so high, and the price-earnings ratio was directly 50%. Suddenly it became 16 times.
1. The price-to-earnings ratio is only 22 times when there are continuous price limits. If it is a quarterly report, its issue price should be 4.8 yuan to be reasonable, so the market owes it at least the first day of its new shares. An increase of 44%, so it is reasonable to give 4 more daily limits after 4 yuan 8. So the question arises, why can such a big super white horse have such a high growth rate? This involves one point, the market value of electricity Algorithm, the current algorithm given by the market is 10 million kilowatts = 100 billion market value. Yangtze Power is currently 460 billion and its electricity is also 46 million kilowatt hours. Then Huaneng Hydropower is about 10 million kilowatt hours, so its market value is 100 billion about. Pay attention to two points: Yangtze River Electric Power and Huaneng Hydropower are both hydroelectric power plants. These are once-and-for-all companies. After the dam is built, the upper limit of electric energy is limited and there is no growth rate.
2. The most explosive thing about Three Gorges Energy is: Lei Mingshan, Party Secretary and Chairman of Three Gorges Group, publicly stated that in the next five years, Three Gorges Group’s new energy installed capacity will reach 70-80 million kilowatts. The goal is equivalent to an increase of 3-4 times on the current basis. In 2020, China Three Gorges Group's new energy installed capacity will exceed 16 million kilowatts. The power generation plan is to increase by 11 million kilowatt hours every year, which must be increased to 80 million kilowatt hours. It is reasonable to give the market value to 800 billion in the next 3-5 years.
3. As for the Three Gorges Energy Plan, its photovoltaics convert solar energy into electricity, and its wind turbine converts wind power into electricity. There is no carbon dioxide production in the middle, so there will be huge carbon sink indicators in the future. It can be sold, and according to expert statistics, not saving one kilowatt hour of electricity is equivalent to saving 0.4 kilograms of standard coal while reducing pollution emissions by 0.272 kilograms and 0.785 kilograms of carbon dioxide. According to this standard, Three Gorges Energy can play a role in carbon sinks in the future. It is left to everyone to decide how much carbon sink quota the market earns. It should also be emphasized that the above points do not constitute some short-term investment advice and we cannot judge the short-term trend. The long-term trend is still promising. _