` Comparison: 600023 vs NTPC - Alpha Spread
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600023
vs
NTPC

Over the past 12 months, Zhejiang Zheneng Electric Power Co Ltd has underperformed NTPC, delivering a return of -9% compared to the NTPC's +20% growth.

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600023
NTPC
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Stocks Compared:
600023 NTPC
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Valuation Comparison

Intrinsic Value
7.43 CNY
Undervaluation 33%
Intrinsic Value
Price
NTPC Intrinsic Value
397.13 INR
Undervaluation 9%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Zhejiang Zheneng Electric Power Co Ltd
SSE:600023
5.01 CNY
NTPC Ltd
NSE:NTPC
362.75 INR
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Growth Comparison

Growth Over Time
600023, NTPC

600023
NTPC
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Zhejiang Zheneng Electric Power Co Ltd
Revenue
NTPC Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
600023, NTPC

600023
NTPC
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Zhejiang Zheneng Electric Power Co Ltd
SSE:600023
NTPC Ltd
NSE:NTPC
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Gross Margin

Zhejiang Zheneng Electric Power Co Ltd
11.9%
NTPC
45.8%

Operating Margin

Zhejiang Zheneng Electric Power Co Ltd
7.7%
NTPC
19%

Net Margin

Zhejiang Zheneng Electric Power Co Ltd
9%
NTPC
12.9%

FCF Margin

Zhejiang Zheneng Electric Power Co Ltd
7.1%
NTPC
17.3%

ROE

Zhejiang Zheneng Electric Power Co Ltd
9.9%
NTPC
13.4%

ROA

Zhejiang Zheneng Electric Power Co Ltd
4.7%
NTPC
4.7%

ROIC

Zhejiang Zheneng Electric Power Co Ltd
4%
NTPC
5%

ROCE

Zhejiang Zheneng Electric Power Co Ltd
5.2%
NTPC
8.5%

Solvency Comparison

Zhejiang Zheneng Electric Power...
Equity Waterfall
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Liabilities
Equity
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NTPC Ltd
Equity Waterfall
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Liabilities
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
600023, NTPC

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600023
NTPC
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
600023, NTPC

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600023
NTPC
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
600023, NTPC

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600023
NTPC
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