Kangda International (6136) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kangda International stock HK$1.77, price HK$0.62, upside +185.5%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 21 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 HK$0.1828 – HK$0.9933 · fair‑value band HK$1.16 – HK$2.16 · the HK$0.6200 price screens below the HK$1.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Kangda International Environmental Company Limited, an investment holding company, designs, constructs, operates, and maintains wastewater treatment plants, reclaimed water treatment plants, water distribution plants, sludge treatment plants, and other municipal infrastructure in China.
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It operates through Urban Water Treatment, Water Environment Comprehensive Remediation, and Rural Water Improvement segments.
The company is also involved in the provision of river harnessing and improvement, foul water body treatment, and sponge city construction services; construction and operation of water environment facilities in villages, including wastewater treatment facilities; and pipeline construction for collecting wastewater.
In addition, it invests in wastewater treatment plants (WTP) and energy industry; constructs municipal infrastructure; provides of WTP and sludge treatment plants operation services and reclaimed water treatment services; invests and manages environmental projects and public infrastructure projects; develops and sells computer software; and sells water purifying materials.
The company serves municipal, district, or county level governments, as well as its designees. Kangda International Environmental Company Limited was founded in 1996 and is headquartered in Chongqing, China.
Stock analysis
Kangda International (6136) currently trades at HK$0.6200, while our model-based Fair Value estimate is HK$1.77, implying the stock looks roughly 65% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of HK$1.86 per share, and 16 of the 20 models we run sit above the HK$0.6200 price.
Bear case: the Earnings-Based group reads lowest at HK$0.7600, and 4 of the 20 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$1.16 (bear) to HK$2.16 (bull), the price of HK$0.6200 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 53/100 (solid quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Kangda International reported revenue of 2.4B CNY in FY2025 versus 2.9B CNY in FY2021, a compound −4.5%/yr. Reported net income was 237M CNY in FY2025, compounding −12.9%/yr from FY2021.
Key figures
Market cap HK$1.4B (≈ $179M) Micro · P/E ratio 4.5 · P/S ratio 0.44 · Dividend yield 0.6% · Net margin 9.8% · Return on equity 5.2% · Return on assets (EBIT) 4.9% (5-year average) · Operating margin 39.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 58% 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 185%, 6136 screens cheaper than that median.
Fair Value models
BearHK$1.16Fair Value HK$1.77BullHK$2.16
Price HK$0.6200 · Upside +185.5%
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.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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.3%
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.
−5.7%
Revenue growth 5 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.
−6.1%
Start year 2020 (pandemic). Over 10 years: +2.8% a year
Revenue growth 13 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.
+7.1%
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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. Basis: EBIT basis.
−5.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.6%
Dividend (yield on the price)0.6%
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.−11.0% vs −4.0%, 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.33% → 35%
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 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+185.5% · Top 25%
Profitability
Return on equity (12 months)5.2% · Below median
Return on assets1.3% · Bottom 25%
Net margin (12 months)14.0% · Above median
Operating margin (12 months)39.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−9.0% · Bottom 25%
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.95× · Highest 25%
Valuation Multiplesvs Utilities - Regulated Water median · lower = cheaper
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). "Kangda International Fair Value". https://www.fairvalue-calculator.com/stock/6136
Frequently asked questions
Is Kangda International (6136) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of HK$1.77 versus a price of HK$0.6200, about +185% upside (undervalued).
What is the fair value of 6136?
Our model-based fair value for Kangda International is HK$1.77 (as of Nov 8, 2026), built from audited fundamentals. The current price: HK$0.6200.
What is the quality score of 6136?
Kangda International has a Quality Score of 53/100. 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 Kangda International (6136)?
Our model-based price target is the fair value of HK$1.77 (as of Nov 8, 2026) from 21 valuation models. Cautious scenario HK$1.16, optimistic scenario HK$2.16. It is a calculation from audited fundamentals, not an analyst target.
What is the Kangda International stock forecast for 2026?
Our models put fair value at HK$1.77, about +185% upside versus a price of HK$0.6200 (undervalued). Cautious scenario HK$1.16, optimistic scenario HK$2.16. The calculation is refreshed regularly with new filings.
What is the revenue of Kangda International (6136)?
Kangda International reported trailing-twelve-month revenue of about 2.3B CNY (latest available figure, as of Nov 8, 2026).
Does Kangda International pay a dividend?
Kangda International currently shows a dividend yield of 0.65% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Kangda International (6136) and when is the ex-dividend date?
Kangda International pays a dividend of HK$0.004 per share a year, a dividend yield of 0.6%. The last ex-dividend date was Jul 6, 2026. The payout ratio is 3.3% of earnings. Free cash flow covers the dividend 81.37 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What is the intrinsic value of Kangda International (6136)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kangda International it is HK$1.77 per share (as of Nov 8, 2026), against a price of HK$0.6200. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Kangda International stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6136 trades below its calculated fair value: price HK$0.6200, fair value HK$1.77, a gap of about +185% (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 6136?
No. The price is what the market pays today (HK$0.6200); the fair value is what the company's own numbers justify (HK$1.77). For Kangda International the two are HK$1.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kangda International worth?
The market values Kangda International at about HK$1.4B (market capitalisation, as of Nov 8, 2026). Per share that is HK$0.6200; our models calculate a fair value of HK$1.77 per share.
What do the bullish and bearish scenarios say about 6136?
Our models span a range for Kangda International: cautious scenario HK$1.16, base HK$1.77, optimistic HK$2.16 per share (as of Nov 8, 2026, price HK$0.6200). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6136?
Kangda International trades at a price-to-earnings ratio of 4.5 (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 HK$1.77 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 4.0. Other multiples: P/B 0.2, P/S 0.5, EV/EBITDA 7.6.
How solid is the balance sheet of Kangda International (6136)?
Balance-sheet figures for Kangda International (as of Nov 8, 2026): return on equity 5.2%, debt of 0.95 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 6136 from its 52-week high?
Kangda International trades at HK$0.6200, about 31% below its 52-week high of HK$0.9039 and 58% above the low of HK$0.3924 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.77 is for.
Which stocks are comparable to Kangda International?
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 Kangda International stock attractive at the current price?
The data as of Nov 8, 2026: price HK$0.6200, calculated fair value HK$1.77 (+185%), Quality Score 53/100, from 21 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 6136 calculated?
We run Kangda International through 21 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$1.77 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 13.3% above its aggregate fair value. Kangda International currently trades 65% 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 Kangda International (6136)?
The closing price on Nov 6, 2026 was HK$0.6200. Our model-based fair value is HK$1.77, about +185% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kangda International right now?
The price is below even our cautious bear case (HK$1.16). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (HK$1.16 to HK$2.16) leaves room in how you read the outcome.
Where does the earnings growth of Kangda International (6136) come from?
Earnings per share at Kangda International grew −7.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.3 %, EBIT margin +1.6 %, tax rate −1.7 %, residual (interest, one-offs) −8.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kangda International
How large is the market capitalisation of Kangda International (6136)?
The market capitalisation of Kangda International is HK$1.4B (≈ $179M). 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 Kangda International (6136)?
The price-to-sales ratio of Kangda International is 0.44 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Kangda International (6136)?
The dividend yield of Kangda International is 0.6%. 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 Kangda International (6136)?
The net margin of Kangda International is 9.8% (fiscal year 2025). 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 Kangda International (6136)?
The return on equity (ROE) of Kangda International is 5.2% (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 Kangda International (6136)?
On an EBIT basis the return on assets of Kangda International is 4.9% (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 Kangda International (6136)?
The operating margin of Kangda International is 39.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kangda International (6136)?
Revenue at Kangda International is growing −9.0% versus a year earlier (3y avg −5.7%). 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 Kangda International (6136)?
Earnings per share at Kangda International are growing +71.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kangda International (6136) generate?
The free cash flow of Kangda International is 639M 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 Kangda International (6136) carry?
The net debt of Kangda International is 9.0B CNY (fiscal year 2025, ≈ 14.0 yrs of FCF). 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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Thin data
Nov 8, 2026