HD Renewable Energy Co. Ltd. (6873) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of HD Renewable Energy Co. Ltd. stock TWD 64.90, price TWD 52.00, upside +24.8%, quality 10 out of 100. Rating: undervalued. Calculated from audited financials with 16 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 7, 2026.
How to read this chart
58‑month range 42.85 TWD – 1,232 TWD · fair‑value band 52.99 TWD – 81.12 TWD · the 52.00 TWD price screens below the 64.90 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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HD Renewable Energy Co., Ltd. engages in the development of solar power generation systems, engineering construction, and maintenance services in Taiwan.
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It also offers asset management services; aquaculture management; and smart power services for various solar photovoltaic and energy storage projects, as well as energy technology services. In addition, the company is involved in renewable energy electricity sales business.
HD Renewable Energy Co., Ltd. was incorporated in 2016 and is headquartered in Taipei, Taiwan.
Stock analysis
HD Renewable Energy Co. Ltd. (6873) currently trades at 52.00 TWD, while our model-based Fair Value estimate is 64.90 TWD, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 145.39 TWD per share, and 10 of the 14 models we run sit above the 52.00 TWD price.
Bear case: the Economic Profit group reads lowest at 26.53 TWD, and 4 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 52.99 TWD (bear) to 81.12 TWD (bull), the price of 52.00 TWD 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 10/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
HD Renewable Energy Co. Ltd. reported revenue of 8.8B TWD in FY2025 versus 2.6B TWD in FY2021, a compound +35.0%/yr. Reported net income was 504M TWD in FY2025, compounding +32.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 7.4B TWD (≈ $226M) Micro · P/E ratio 60.5 · P/S ratio 0.87 · EPS (TTM) 0.8600 TWD · Dividend yield 4.9% · Net margin 1.6% · Return on equity 1.0% · Return on assets (EBIT) 8.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 25%, 6873 screens cheaper than that median.
Fair Value models
Bear52.99 TWDFair Value 64.90 TWDBull81.12 TWD
Price 52.00 TWD · Upside +24.8%
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.46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−13.3%
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.
+21.7%
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.
+30.9%
Start year 2020 (pandemic)
Revenue growth 7 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.
+49.5%
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What shareholders gained per year (last 5 years), in TWD ⓘ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. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+14.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.8%
Dividend (yield on the price)4.9%
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.11% → 10%
Compare HD Renewable Energy 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.Engineering & Construction · 791 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score10 · Bottom 25%
Fair Value upside+24.8% · Above median
Profitability
Return on equity (12 months)1.0% · Below median
Return on assets1.6% · Below median
Net margin (12 months)1.6% · Below median
Operating margin (12 months)−4.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−12.4% · Bottom 25%
Dividend yield (12 months)4.9% · Top 25%
Balance sheet
Debt / equity0.78× · Highest 25%
Valuation Multiplesvs Engineering & Construction 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). "HD Renewable Energy Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/6873
Frequently asked questions
Is HD Renewable Energy Co. Ltd. (6873) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 64.90 TWD versus a price of 52.00 TWD, about +25% upside (undervalued).
What is the fair value of 6873?
Our model-based fair value for HD Renewable Energy Co. Ltd. is 64.90 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 52.00 TWD.
What is the quality score of 6873?
HD Renewable Energy Co. Ltd. has a Quality Score of 10/100. 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 HD Renewable Energy Co. Ltd. (6873)?
Our model-based price target is the fair value of 64.90 TWD (as of Nov 7, 2026) from 16 valuation models. Cautious scenario 52.99 TWD, optimistic scenario 81.12 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the HD Renewable Energy Co. Ltd. stock forecast for 2026?
Our models put fair value at 64.90 TWD, about +25% upside versus a price of 52.00 TWD (undervalued). Cautious scenario 52.99 TWD, optimistic scenario 81.12 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of HD Renewable Energy Co. Ltd. (6873)?
HD Renewable Energy Co. Ltd. reported trailing-twelve-month revenue of about 8.5B TWD (latest available figure, as of Nov 7, 2026).
Does HD Renewable Energy Co. Ltd. pay a dividend?
HD Renewable Energy Co. Ltd. currently shows a dividend yield of 4.88% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of HD Renewable Energy Co. Ltd. (6873) and when is the ex-dividend date?
HD Renewable Energy Co. Ltd. pays a dividend of 2.54 TWD per share a year, a dividend yield of 4.9%. The last ex-dividend date was Aug 25, 2026. A dividend has been paid every year since at least 2022. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of HD Renewable Energy Co. Ltd. (6873)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HD Renewable Energy Co. Ltd. it is 64.90 TWD per share (as of Nov 7, 2026), against a price of 52.00 TWD. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is HD Renewable Energy Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6873 trades below its calculated fair value: price 52.00 TWD, fair value 64.90 TWD, a gap of about +25% (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 6873?
No. The price is what the market pays today (52.00 TWD); the fair value is what the company's own numbers justify (64.90 TWD). For HD Renewable Energy Co. Ltd. the two are 12.90 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is HD Renewable Energy Co. Ltd. worth?
The market values HD Renewable Energy Co. Ltd. at about 7.4B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 52.00 TWD; our models calculate a fair value of 64.90 TWD per share.
What do the bullish and bearish scenarios say about 6873?
Our models span a range for HD Renewable Energy Co. Ltd.: cautious scenario 52.99 TWD, base 64.90 TWD, optimistic 81.12 TWD per share (as of Nov 7, 2026, price 52.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6873?
HD Renewable Energy Co. Ltd. trades at a price-to-earnings ratio of 60.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 64.90 TWD is built from several models across several years. Other multiples: P/B 0.7, P/S 0.9, EV/EBITDA 12.6.
How solid is the balance sheet of HD Renewable Energy Co. Ltd. (6873)?
Balance-sheet figures for HD Renewable Energy Co. Ltd. (as of Nov 7, 2026): return on equity 1.0%, debt of 0.78 per unit of equity. They feed the Quality Score of 10/100, which measures business quality independently of the share price.
How far is 6873 from its 52-week high?
HD Renewable Energy Co. Ltd. trades at 52.00 TWD, about 58% below its 52-week high of 124.00 TWD and 21% above the low of 42.85 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 64.90 TWD is for.
Which stocks are comparable to HD Renewable Energy Co. Ltd.?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 HD Renewable Energy Co. Ltd. stock attractive at the current price?
The data as of Nov 7, 2026: price 52.00 TWD, calculated fair value 64.90 TWD (+25%), Quality Score 10/100, from 16 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 6873 calculated?
We run HD Renewable Energy Co. Ltd. through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 64.90 TWD 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. HD Renewable Energy Co. Ltd. currently trades 20% 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 HD Renewable Energy Co. Ltd. (6873)?
The closing price on Nov 9, 2026 was 52.00 TWD. Our model-based fair value is 64.90 TWD, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HD Renewable Energy Co. Ltd. right now?
The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of HD Renewable Energy Co. Ltd.
How large is the market capitalisation of HD Renewable Energy Co. Ltd. (6873)?
The market capitalisation of HD Renewable Energy Co. Ltd. is 7.4B TWD (≈ $226M). 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 HD Renewable Energy Co. Ltd. (6873)?
The price-to-sales ratio of HD Renewable Energy Co. Ltd. is 0.87 (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 HD Renewable Energy Co. Ltd. (6873)?
Earnings per share at HD Renewable Energy Co. Ltd. are 0.8600 TWD (price ÷ EPS = P/E 60.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HD Renewable Energy Co. Ltd. (6873)?
The dividend yield of HD Renewable Energy Co. Ltd. is 4.9%. 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 HD Renewable Energy Co. Ltd. (6873)?
The net margin of HD Renewable Energy Co. Ltd. is 1.6% (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 HD Renewable Energy Co. Ltd. (6873)?
The return on equity (ROE) of HD Renewable Energy Co. Ltd. is 1.0% (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 HD Renewable Energy Co. Ltd. (6873)?
On an EBIT basis the return on assets of HD Renewable Energy Co. Ltd. is 8.3% (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 HD Renewable Energy Co. Ltd. (6873)?
The operating margin of HD Renewable Energy Co. Ltd. is −4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HD Renewable Energy Co. Ltd. (6873)?
Revenue at HD Renewable Energy Co. Ltd. is growing −12.4% versus a year earlier (3y avg +21.7%). 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 HD Renewable Energy Co. Ltd. (6873)?
Earnings per share at HD Renewable Energy Co. Ltd. are growing −58.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HD Renewable Energy Co. Ltd. (6873) generate?
The free cash flow of HD Renewable Energy Co. Ltd. is −6.4B TWD (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 HD Renewable Energy Co. Ltd. (6873) carry?
The net debt of HD Renewable Energy Co. Ltd. is 13.1B TWD (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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Nov 7, 2026