Haitian Water Group Co.Ltd (603759) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Haitian Water Group Co.Ltd stock ¥8.96, price ¥7.73, upside +16.0%, quality 38 out of 100. Rating: undervalued. Calculated from audited financials with 15 of our 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. As of Nov 8, 2026.
How to read this chart
60‑month range ¥5.35 – ¥16.69 · fair‑value band ¥8.71 – ¥22.66 · the ¥7.73 price screens below the ¥8.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Haitian Water Group Co.,Ltd. provides water and environmental protection services in China.
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It engages in the installation of water supply facilities and supply of tap water to users in government-franchised water supply area; sewage treatment; waste incineration power generation; supply of direct drinking water services; and engineering construction, including renovation and expansion projects, as well as general contracting and professional subcontracting services.
Haitian Water Group Co.,Ltd. was founded in 1999 and is based in Chengdu, China.
Stock analysis
Haitian Water Group Co.Ltd (603759) currently trades at ¥7.73, while our model-based Fair Value estimate is ¥8.96, implying the stock looks roughly 14% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥12.68 per share, and 4 of the 15 models we run sit above the ¥7.73 price.
Bear case: the Economic Profit group reads lowest at ¥3.46, and 11 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥8.71 (bear) to ¥22.66 (bull), the price of ¥7.73 sits below 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 38/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Haitian Water Group Co.Ltd reported revenue of 3.2B CNY in FY2025 versus 1.1B CNY in FY2021, a compound +31.3%/yr. Reported net income was 177M CNY in FY2025, compounding −4.6%/yr from FY2021.
Key figures
Market cap 3.6B CNY (≈ $536M) Small · P/E ratio 24.2 · P/S ratio 0.70 · EPS (TTM) ¥0.3200 · Dividend yield 1.5% · Net margin 2.9% · Return on equity 5.4% · Return on assets (EBIT) 4.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 51% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −43% fair-value upside, at 16%, 603759 screens cheaper than that median.
Fair Value models
Bear¥8.71Fair Value ¥8.96Bull¥22.66
Price ¥7.73 · Upside +16.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.1752 per share) are deliberately not added.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.
Best data coverage
Residual Income¥4.84¥4.98¥5.3076
Owner Earningsn/a¥4.30¥12.5973
EPV¥1.19¥1.93¥2.5472
All 15 models by family
DCF Models
Owner Earningsn/a¥4.30¥12.5973
Earnings-Based
Graham-Dodd¥2.60¥18.16¥25.4863
Lynch FV¥7.52¥10.74¥13.9661
PEG = 1.0¥7.52¥10.74¥13.9657
EPV¥1.19¥1.93¥2.5472
Dividend Discount
Gordon GGM¥2.39¥4.45¥6.3267
DDM Multi-Stage¥2.39¥3.99¥4.7467
Multiples
P/E Multiple¥5.17¥6.89¥8.6163
P/S Multiple¥4.88¥6.51¥8.1458
EV/EBIT¥1.92¥4.58¥7.2562
EV/EBITDA¥4.15¥7.56¥10.9765
EV/Revenue¥0.3900¥3.16¥5.9347
Economic Profit
Residual Income¥4.84¥4.98¥5.3076
ROIC Compounder¥1.19¥1.93¥2.5471
Growth Earnings
Growth-Adj P/E¥8.88¥12.68¥16.4867
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+111.9%
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.
+39.4%
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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.
+4.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.8%
Dividend (yield on the price)1.5%
Per share before 2022divided by the spin-off factor 1.48
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.2.8% vs 14.3%, 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.26% → 10%
Compare Haitian Water Group Co.Ltd with another stock
Price, fair value, quality and upside side by side.
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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 - Regulated Water · 64 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside+16.0% · Above median
Profitability
Return on equity (12 months)5.4% · Below median
Return on assets2.1% · Below median
Net margin (12 months)2.9% · Bottom 25%
Operating margin (12 months)6.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)103.6% · Top 25%
Dividend yield (12 months)1.5% · Below median
Balance sheet
Debt / equity0.88× · Above median
Valuation Multiplesvs Utilities - Regulated Water median · lower = cheaper
P/E (12 months)24.2× · Pricier than median
P/B1.22× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Haitian Water Group Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603759
Frequently asked questions
Is Haitian Water Group Co.Ltd (603759) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥8.96 versus a price of ¥7.73, about +16% upside (undervalued).
What is the fair value of 603759?
Our model-based fair value for Haitian Water Group Co.Ltd is ¥8.96 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥7.73.
What is the quality score of 603759?
Haitian Water Group Co.Ltd has a Quality Score of 38/100. 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 Haitian Water Group Co.Ltd (603759)?
Our model-based price target is the fair value of ¥8.96 (as of Nov 8, 2026) from 15 valuation models. Cautious scenario ¥8.71, optimistic scenario ¥22.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Haitian Water Group Co.Ltd stock forecast for 2026?
Our models put fair value at ¥8.96, about +16% upside versus a price of ¥7.73 (undervalued). Cautious scenario ¥8.71, optimistic scenario ¥22.66. The calculation is refreshed regularly with new filings.
What is the revenue of Haitian Water Group Co.Ltd (603759)?
Haitian Water Group Co.Ltd reported trailing-twelve-month revenue of about 5.1B CNY (latest available figure, as of Nov 8, 2026).
Does Haitian Water Group Co.Ltd pay a dividend?
Haitian Water Group Co.Ltd currently shows a dividend yield of 1.49% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Haitian Water Group Co.Ltd (603759) and when is the ex-dividend date?
Haitian Water Group Co.Ltd pays a dividend of ¥0.115 per share a year, a dividend yield of 1.5%. The last ex-dividend date was Jul 2, 2026. The payout ratio is 35.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Haitian Water Group Co.Ltd (603759)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Haitian Water Group Co.Ltd it is ¥8.96 per share (as of Nov 8, 2026), against a price of ¥7.73. It is the blended result of 15 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Economic Profit, Growth Earnings).
Is Haitian Water Group Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 603759 trades below its calculated fair value: price ¥7.73, fair value ¥8.96, a gap of about +16% (undervalued). 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 603759?
No. The price is what the market pays today (¥7.73); the fair value is what the company's own numbers justify (¥8.96). For Haitian Water Group Co.Ltd the two are ¥1.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is Haitian Water Group Co.Ltd worth?
The market values Haitian Water Group Co.Ltd at about 3.6B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥7.73; our models calculate a fair value of ¥8.96 per share.
What do the bullish and bearish scenarios say about 603759?
Our models span a range for Haitian Water Group Co.Ltd: cautious scenario ¥8.71, base ¥8.96, optimistic ¥22.66 per share (as of Nov 8, 2026, price ¥7.73). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603759?
Haitian Water Group Co.Ltd trades at a price-to-earnings ratio of 24.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.96 is built from several models across several years. Other multiples: P/B 1.2, P/S 0.7, EV/EBITDA 8.1.
How solid is the balance sheet of Haitian Water Group Co.Ltd (603759)?
Balance-sheet figures for Haitian Water Group Co.Ltd (as of Nov 8, 2026): return on equity 5.4%, debt of 0.88 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 603759 from its 52-week high?
Haitian Water Group Co.Ltd trades at ¥7.73, about 51% below its 52-week high of ¥15.70 and 17% above the low of ¥6.61 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.96 is for.
Which stocks are comparable to Haitian Water Group Co.Ltd?
From the same area (Utilities) we also value American Water Works Company, Essential Utilities, Inc, Grandblue Environment Co, American States Water Company, 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 Haitian Water Group Co.Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price ¥7.73, calculated fair value ¥8.96 (+16%), Quality Score 38/100, from 15 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 603759 calculated?
We run Haitian Water Group Co.Ltd through 15 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥8.96 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Haitian Water Group Co.Ltd currently trades 14% below its own fair value, and the market average says nothing about that. 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 Haitian Water Group Co.Ltd (603759)?
The closing price on Nov 6, 2026 was ¥7.73. Our model-based fair value is ¥8.96, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Haitian Water Group Co.Ltd right now?
The price is below even our cautious bear case (¥8.71). The market is more pessimistic than our downside scenario. The model range is unusually wide (¥8.71 to ¥22.66). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Haitian Water Group Co.Ltd
How large is the market capitalisation of Haitian Water Group Co.Ltd (603759)?
The market capitalisation of Haitian Water Group Co.Ltd is 3.6B CNY (≈ $536M). 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 Haitian Water Group Co.Ltd (603759)?
The price-to-sales ratio of Haitian Water Group Co.Ltd is 0.70 (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 Haitian Water Group Co.Ltd (603759)?
Earnings per share at Haitian Water Group Co.Ltd are ¥0.3200 (price ÷ EPS = P/E 24.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Haitian Water Group Co.Ltd (603759)?
The dividend yield of Haitian Water Group Co.Ltd is 1.5% (payout 35.9%). 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 Haitian Water Group Co.Ltd (603759)?
The net margin of Haitian Water Group Co.Ltd is 2.9% (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 Haitian Water Group Co.Ltd (603759)?
The return on equity (ROE) of Haitian Water Group Co.Ltd is 5.4% (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 Haitian Water Group Co.Ltd (603759)?
On an EBIT basis the return on assets of Haitian Water Group Co.Ltd is 4.7% (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 Haitian Water Group Co.Ltd (603759)?
The operating margin of Haitian Water Group Co.Ltd is 6.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Haitian Water Group Co.Ltd (603759)?
Revenue at Haitian Water Group Co.Ltd is growing +104% versus a year earlier (3y avg +39.4%). 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 Haitian Water Group Co.Ltd (603759)?
Earnings per share at Haitian Water Group Co.Ltd are growing +121% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Haitian Water Group Co.Ltd (603759) generate?
The free cash flow of Haitian Water Group Co.Ltd is −286M 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 Haitian Water Group Co.Ltd (603759) carry?
The net debt of Haitian Water Group Co.Ltd is 2.8B 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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Some data
Nov 8, 2026