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Shandong High Speed Renewable Energy Group (000803) Fair Value & Analysis

Industrials · CN · Market cap 3.4B CNY

SH Shandong High Speed Renewable Energy Group 000803 · SHE
Price¥7.09
Fair Value¥2.14
Upside-69.8%
Quality49/100
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Mixed Growth
Thin margins · 3.2% net margin
Moderate debt · generates free cash flow
Trails peers (5/13)
Narrow moat 39/100
Evidence: High Range ¥2.11 – ¥2.14 Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price +3.5% over the past month.

Below-average quality, and screening another 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.14). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (¥2.11 to ¥2.14), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

¥12.65 ¥3.10 Fair Value ¥2.14 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥3.10 – ¥12.65 · fair‑value band ¥2.11 – ¥2.14 · the ¥7.09 price screens above the ¥2.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Shandong High Speed Renewable Energy Group (000803) currently trades at ¥7.09, while our model-based Fair Value estimate is ¥2.14, implying the stock looks roughly 69.8% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials 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: high).

Over the trailing twelve months, Shandong High Speed Renewable Energy Group generated revenue of 1.4B CNY at a net margin of 3.2%. Revenue declined 2.4% year over year. It earns a return on equity of 2.8%. Net debt stands at 1.6B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥2.11 (bear case) to ¥2.14 (bull case); at ¥7.09, the current price sits above 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 37% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -40% fair-value upside, at -70%, 000803 screens richer 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
Growth DCF ¥7.24 ¥14.93 ¥27.33 80
Residual Income ¥2.15 ¥2.03 ¥1.58 76
Rev-Margin DCF ¥3.81 ¥7.00 ¥13.72 74
All 24 models by family
DCF Models
FCF DCF ¥7.79 ¥12.69 ¥27.94 38
Owner Earnings ¥3.47 ¥9.25 ¥20.93 31
5Y Revenue Exit ¥3.38 ¥5.94 ¥11.25 39
5Y EBITDA Exit ¥8.36 ¥16.01 ¥31.02 41
5Y P/E Exit ¥2.11 ¥4.30 ¥6.94 38
10Y Revenue Exit ¥4.67 ¥9.82 ¥12.50 36
10Y EBITDA Exit ¥8.33 ¥20.29 ¥41.21 37
10Y P/E Exit ¥3.87 ¥7.15 ¥11.75 35
Earnings-Based
Graham-Dodd ¥0.4400 ¥3.08 ¥4.32 54
Lynch FV ¥1.59 ¥2.27 ¥2.96 50
PEG = 1.0 ¥1.59 ¥2.27 ¥2.96 46
EPV ¥3.01 ¥3.68 ¥4.27 59
Multiples
P/E Multiple ¥1.07 ¥1.43 ¥1.79 63
P/S Multiple ¥0.8300 ¥1.10 ¥1.38 58
P/B Multiple ¥0.8300 ¥1.10 ¥1.38 55
EV/EBIT ¥5.79 ¥8.14 ¥10.50 53
EV/EBITDA ¥8.26 ¥11.44 ¥14.62 54
EV/Revenue ¥1.33 ¥2.45 ¥3.56 43
Asset-Based
NCAV (Graham) ¥1.55 ¥2.08 ¥3.10 50
Growth DCF
Growth DCF ¥7.24 ¥14.93 ¥27.33 80
Rev-Margin DCF ¥3.81 ¥7.00 ¥13.72 74
Economic Profit
Residual Income ¥2.15 ¥2.03 ¥1.58 76
ROIC Compounder ¥3.01 ¥4.59 ¥6.25 72
Growth Earnings
Growth-Adj P/E ¥2.11 ¥3.02 ¥3.92 68

Widest divergence: DCF Models (¥9.25) versus Multiples (¥1.43). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.4B CNY
Revenue growth (YoY) -2.4%
Net margin 3.2%
Return on equity 2.8%
Free cash flow 266M CNY FY2025
P/E ratio 81.2
More key figures
Operating margin 20.8%
EPS (TTM) ¥0.0900
EPS growth (YoY) +50.0%
Net debt 1.6B CNY FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 42

Profitability 17
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 47
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

Shandong High Speed Renewable Energy Group Limited engages in the urban organic waste disposal business in China and internationally.

Full company description

Shandong High Speed Renewable Energy Group Limited engages in the urban organic waste disposal business in China and internationally. The company is involved in the resource utilization and urban heating activities; undertaking of biomass utilization projects; production and supply of heat; energy management business; production and sale of silk; development and sale of computer software; IoT technology development activities; sale of special disposal equipment for organic waste; food waste treatment; landfill gas power generation; research and development, production, installation, and sale of environmental protection equipment; and science and technology promotion and application service industry activities. It is also involved in the agricultural production activities; ecological protection and environmental governance industry; collection, transportation, and treatment of kitchen waste, waste grease, gutter oil, and other solid waste; research and development of resource recycling technologies, etc.; processing and sales of non-edible animal and vegetable oils; development and application of new energy technologies; disposal of domestic waste and construction waste; sale of renewable resources; import and export of goods; import and export agency, etc.; and production and sale of acidified oil. The company was formerly known as BECE Legend Group Co., Ltd. and changed its name to Shandong High Speed Renewable Energy Group Limited in August 2022. The company was founded in 1988 and is headquartered in Jinan, China. Shandong High Speed Renewable Energy Group Limited is a subsidiary of Shandong Hi-speed Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shandong High Speed Renewable Energy Group reported revenue of ¥1.4B in FY2025 versus ¥827M in FY2021, a compound +15.0%/yr. Reported net income was ¥30.3M in FY2025, compounding −21.7%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.4B CNY
Latest YoY
−0.2%
Avg. growth/yr (3Y)
−6.9%
Avg. growth/yr (5Y)
+33.1%
Avg. growth/yr (30Y)
+10.9%
Revenue +15.0%/yr
FY21 ¥827M
FY22 ¥1.8B
FY23 ¥2.1B
FY24 ¥1.4B
FY25 ¥1.4B
Net income −21.7%/yr
FY21 ¥80.5M
FY22 ¥85.0M
FY23 ¥8.9M
FY24 ¥13.0M
FY25 ¥30.3M

000803 screens 70% overvalued. Compare with Waste Management, Inc →

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Cite: Fair Value Calculator (2026). "Shandong High Speed Renewable Energy Group Fair Value". https://www.fairvalue-calculator.com/stock/000803

Peer Group

Waste Management · 169 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 49 · Above median
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 21% · Top 25%
Revenue growth -2% · Below median
Debt / equity 0.62× · Higher than median

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 81.2× · Pricier than 75% of peers
P/B 2.36× · Pricier than median
P/S (TTM) 2.37× · Pricier than median
P/FCF 1.9× · Cheaper than median
EV/EBITDA 8.6× · Cheaper 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 0 · sector 10
FUTURE 0 · sector 21
PAST 11 · sector 24
HEALTH 69 · sector 82
DIVIDEND 0 · sector 30

VALUE 0: the price sits above our fair-value range.

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 Waste Management stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥16.18 ¥20.91 +29%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

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Frequently asked questions

Is Shandong High Speed Renewable Energy Group (000803) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥2.14 versus a price of ¥7.09, about −70% (overvalued).
What is the fair value of 000803?
Our model-based fair value for Shandong High Speed Renewable Energy Group is ¥2.14 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥7.09.
What is the quality score of 000803?
Shandong High Speed Renewable Energy Group has a Quality Score of 49/100. 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 Shandong High Speed Renewable Energy Group (000803)?
Shandong High Speed Renewable Energy Group reported trailing-twelve-month revenue of about 1.4B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000803?
The net profit margin of Shandong High Speed Renewable Energy Group is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.

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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