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Green Development Electricity Group (000537) Fair Value & Analysis

Utilities · CN · Market cap 17.7B CNY

GD Green Development Electricity Group 000537 · SHE
Price¥7.56
Fair Value¥6.62
Upside-12.4%
Quality33/100
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Weak Growth
Solidly profitable · 12.6% net margin
High debt · negative free cash flow
1.92% dividend yield
Mixed vs. peers (6/14)
Narrow moat 44/100
Evidence: Medium Range ¥4.97 – ¥8.28 Share as image

Fair value as of: Jul 25, 2026

From 6 valuation models · updated 16 days ago

Share price +5.9% over the past month.

Below-average quality, and screening another 12% overvalued on our models.

What matters now

  • Our model range runs from ¥4.97 (bear) to ¥8.28 (bull), base ¥6.62. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 33/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥26.51 ¥4.09 Fair Value ¥6.62 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

60‑month range ¥4.09 – ¥26.51 · fair‑value band ¥4.97 – ¥8.28 · the ¥7.56 price screens above the ¥6.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.

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Analysis

Green Development Electricity Group (000537) currently trades at ¥7.56, while our model-based Fair Value estimate is ¥6.62, implying the stock looks roughly 12.4% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Green Development Electricity Group generated revenue of 5.0B CNY at a net margin of 12.6%. Revenue grew 14.8% year over year. It earns a return on equity of 3.9%. Net debt stands at 50.6B CNY. Fundamentals as of Jul 25, 2026

Our scenario range runs from ¥4.97 (bear case) to ¥8.28 (bull case); at ¥7.56, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at -12%, 000537 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥7.20 ¥7.13 ¥6.44 76
P/S Multiple ¥4.97 ¥6.62 ¥8.28 58
P/B Multiple ¥4.97 ¥6.62 ¥8.28 55
All 6 models by family
Multiples
P/S Multiple ¥4.97 ¥6.62 ¥8.28 58
P/B Multiple ¥4.97 ¥6.62 ¥8.28 55
EV/EBIT ¥4.21 53
EV/EBITDA ¥2.64 ¥11.18 ¥19.72 54
Asset-Based
NCAV (Graham) ¥4.83 ¥6.47 ¥9.65 50
Economic Profit
Residual Income ¥7.20 ¥7.13 ¥6.44 76

Widest divergence: Economic Profit (¥7.13) versus Asset-Based (¥6.47). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 5.0B CNY
Revenue growth (YoY) +14.8%
Net margin 12.6%
Return on equity 3.9%
Free cash flow −6.5B CNY FY2025
P/E ratio 27.8
More key figures
Operating margin 31.3%
EPS (TTM) ¥0.3100
Dividend yield 1.9%
EPS growth (YoY) -66.7%
Net debt 50.6B CNY FY2025

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 34 · Market factors (momentum, volatility) 34

Profitability 25
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 51
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Green Development Electricity Group of Tianjin Co., Ltd. engages in the investment, development, and operation of wind and solar energy in China. It is involved in development and construction of onshore and offshore wind power, photovoltaic power generation, and concentrated solar power.

Full company description

Green Development Electricity Group of Tianjin Co., Ltd. engages in the investment, development, and operation of wind and solar energy in China. It is involved in development and construction of onshore and offshore wind power, photovoltaic power generation, and concentrated solar power. The company was formerly known as China Green Electricity Investment of Tianjin Co., Ltd. and changed its name to Green Development Electricity Group of Tianjin Co., Ltd. in December 2025. Green Development Electricity Group of Tianjin Co., Ltd. was founded in 1986 and is based in Beijing, China. Green Development Electricity Group of Tianjin Co., Ltd. operates as a subsidiary of Luneng Group Co.,Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Green Development Electricity Group reported revenue of ¥4.9B in FY2025 versus ¥19.6B in FY2021, a compound −29.3%/yr. Reported net income was ¥801M in FY2025.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
4.9B CNY
Latest YoY
+27.4%
Avg. growth/yr (3Y)
+12.6%
Avg. growth/yr (5Y)
−23.5%
Avg. growth/yr (34Y)
+8.0%
Revenue −29.3%/yr
FY21 ¥19.6B
FY22 ¥3.4B
FY23 ¥3.7B
FY24 ¥3.8B
FY25 ¥4.9B
Net income
FY21 −¥315M
FY22 ¥634M
FY23 ¥920M
FY24 ¥1.0B
FY25 ¥801M

000537 screens 12% overvalued. Compare with China Yangtze Power Co →

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Cite: Fair Value Calculator (2026). "Green Development Electricity Group Fair Value". https://www.fairvalue-calculator.com/stock/000537

Peer Group

Utilities - Renewable · 220 stocks

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.

Quality Score 34 · Below median
Fair Value upside −12% · Above median
Return on equity (TTM) 4% · Above median
Return on assets 1% · Below median
Net margin (TTM) 13% · Above median
Operating margin (TTM) 31% · Above median
Revenue growth 15% · Above median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 2.76× · Higher than 75% of peers

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 27.8× · Pricier than median
P/B 0.89× · Cheaper than median
P/S (TTM) 3.51× · Pricier than median
EV/EBITDA 15.6× · Pricier than median
PEG 1.39× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 17 · sector 15
FUTURE 74 · sector 0
PAST 16 · sector 12
HEALTH 0 · sector 68
DIVIDEND 38 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is Green Development Electricity Group (000537) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of ¥6.62 versus a price of ¥7.56, about −12% (overvalued).
What is the fair value of 000537?
Our model-based fair value for Green Development Electricity Group is ¥6.62 (as of Jul 25, 2026), built from audited fundamentals. The current price is ¥7.56.
What is the quality score of 000537?
Green Development Electricity Group has a Quality Score of 33/100. 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 revenue of Green Development Electricity Group (000537)?
Green Development Electricity Group reported trailing-twelve-month revenue of about 5.0B CNY (latest available figure, as of Jul 25, 2026).
What is the net profit margin of 000537?
The net profit margin of Green Development Electricity Group is about 12.6%, meaning it keeps roughly 12.6% of revenue as net income. Based on the latest reported figures.
Does Green Development Electricity Group pay a dividend?
Green Development Electricity Group currently shows a dividend yield of about 1.92% relative to its recent price (as of Jul 25, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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