SPIC Hydropower CoSHSE:600292 -5.08%42 Net Margin % is 15.88% as of Mar. 2026, which is 424% above its 10-year median of 3.03. GuruFocus rates SHSE:600292 with a GF Score™ of 42/100 and a GF Value™ of ¥4.50 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 503 Utilities - Regulated companies, SPIC Hydropower Co ranks worse than 57.26% on this metric.
The historical rank and industry rank for SPIC Hydropower Co's Net Margin % or its related term are showing as below:
SHSE:600292'
s Net Margin % Range Over the Past 10 Years
Min: -0.68 Med: 3.03 Max: 6.72
Current: 6.72
SHSE:600292's Net Margin % is ranked worse than 57.26% of 503
companies
in the Utilities - Regulated industry
Industry Median: 8.71
vs SHSE:600292: 6.72
SPIC Hydropower Co (SHSE:600292) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
SPIC Hydropower Co Net Margin % Related Terms
SPIC Hydropower Co Net Margin % Historical Data
* Premium members only.
The historical data trend for SPIC Hydropower Co's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SHSE:600292 vs NEE, SO, DUK: Net Margin % Comparison
For the Utilities - Regulated Electric subindustry, SPIC Hydropower Co's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SPIC Hydropower Co Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPIC Hydropower Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where SPIC Hydropower Co's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SPIC Hydropower Co (SHSE:600292) has a Net Margin % of 15.88% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on SPIC Hydropower Co and its competitors. This is 424% above median its historical median of 3.03. According to the industry distribution chart, SPIC Hydropower Co ranks #288 out of 503 companies in the Utilities - Regulated industry, placing it in the top 57.3%.
Is SPIC Hydropower Co's Net Margin % too high?
SPIC Hydropower Co's current Net Margin % of 15.88% is 424% above median its 10-year median of 3.03. The Utilities - Regulated industry median Net Margin % is 8.71. SPIC Hydropower Co's value of 15.88% is 82.3% above this industry median. Based on the distribution chart, SPIC Hydropower Co ranks #288 out of 503 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, SPIC Hydropower Co has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPIC Hydropower Co's Net Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPIC Hydropower Co ranks #288 out of 503 companies for Net Margin %. This places SPIC Hydropower Co in the lower half of its industry. The industry median Net Margin % is 8.71. SPIC Hydropower Co's value of 15.88% is 82.3% above this benchmark. While the company's 10-year median is 3.03 vs. the industry median of 8.71, SPIC Hydropower Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.71, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SPIC Hydropower Co's current Net Margin % of 15.88% is 82.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on SPIC Hydropower Co and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPIC Hydropower Co's current Net Margin % is 15.88%, which is 424% above median its own 10-year median of 3.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPIC Hydropower Co stock overvalued right now?
Based on GuruFocus' analysis, SPIC Hydropower Co (SHSE:600292) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.50, compared to a current price of ¥12.88 — trading 186.2% above its estimated fair value. The current Net Margin % is 15.88%, which is 424% above median its 10-year median of 3.03 and 82.3% above the Utilities - Regulated industry median of 8.71. SPIC Hydropower Co's overall GF Score™ is 42/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For SPIC Hydropower Co (SHSE:600292), the current Net Margin % is 15.88% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SPIC Hydropower Co (SHSE:600292) Overvalued in 2026?
Based on GuruFocus' analysis, SPIC Hydropower Co stock appears to be overvalued.
The current stock price of ¥12.88 is trading 186.2% above its estimated GF Value™ of ¥4.50.
GuruFocus considers SPIC Hydropower Co to be Significantly Overvalued.
Key valuation signals for SHSE:600292:
Net Margin %: 15.88% (424% above median its 10-year median of 3.03)
GF Value™: ¥4.50 vs. price of ¥12.88 (186.2% above fair value)
Industry Position: 82.3% above the Utilities - Regulated median (#288 of 503)
No single metric tells the full story. See the SHSE:600292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPIC Hydropower Co Ltd is engaged in energy and ecological integration activities, with a focus on hydropower generation and the integrated development and operation of river basin hydropower and new energy projects. Its business scope includes the provision of technical services, technology development and consultation, technology exchange and transfer, and technology promotion.
42GF Score
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