CMIC Ocean En Tech Holding Co Ltd (0206) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of CMIC Ocean En Tech Holding Co Ltd HK$0.33, price HK$0.20, upside +64.0%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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CMIC Ocean En Tech Holding Co Ltd
0206 · HKClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range HK$0.1264 – HK$0.6200 · fair‑value band HK$0.3047 – HK$0.3312 · the HK$0.2020 price screens below the HK$0.3312 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
CM Energy Tech Co., Ltd., an investment holding company, engages in the new energy sector worldwide. The company operates through Hydrogen-Based Energy; Shipbuilding and Offshore Equipment Support; Smart Electronic Control; and Marine Services segments.
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CM Energy Tech Co., Ltd., an investment holding company, engages in the new energy sector worldwide. The company operates through Hydrogen-Based Energy; Shipbuilding and Offshore Equipment Support; Smart Electronic Control; and Marine Services segments. It offers alkaline water electrolysis hydrogen production, green fuel production and refueling services, ISCC certification services, skid mounted hydrogen production systems, core equipment for hydrogenation stations, and hydrogen energy bicycle operation services; jacking systems, pile legs and racks, cranes, deepwater active wave compensation gangways, and launch and recovery systems. The company is also involved in the design, manufacturing, installation, and commissioning of equipment related to land and offshore drilling rigs and equipment related to offshore wind power installation platform and rigs; leasing of self-owned land drilling rigs; manufacturing and sales of windings; LNG, methanol, ammonia fuel supply systems, and liquid cargo systems; design, manufacture, and install smart electronic control related to offshore drilling and wind power installation platforms and vessels. In addition, it provides supply chain and integration services in relation to oilfield expendables and supply asset management, engineering services, marine services; subleasing of land and offshore drilling rigs; and diving support construction vessels. The company was formerly known as CMIC Ocean En-Tech Holding Co., Ltd. and changed its name to CM Energy Tech Co., Ltd. in July 2023. CM Energy Tech Co., Ltd. was founded in 1995 and is based in Tsing Yi, Hong Kong.
Stock analysis
CMIC Ocean En Tech Holding Co Ltd (0206) currently trades at HK$0.2020, while our model-based Fair Value estimate is HK$0.3312, implying the stock looks roughly 39.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$0.1700 per share, and 4 of the 24 models we run sit above the HK$0.2020 price.
Bear case: the Asset-Based group reads lowest at HK$0.0400, and 20 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.3047 (bear) to HK$0.3312 (bull), the price of HK$0.2020 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 65/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CMIC Ocean En Tech Holding Co Ltd reported revenue of $135M in FY2025 versus $57.0M in FY2021, a compound +24.1%/yr. Reported net income was $1.6M in FY2025, compounding −35.7%/yr from FY2021.
Key figures
Market cap HK$857M (≈ $109M) · P/S ratio 6.33 · Dividend yield 0.5% · Net margin 1.2% · Return on equity 1.0% · Return on assets (EBIT) 3.9% · Operating margin 1.6% · Revenue (TTM) $135M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 67% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at 64%, 0206 screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 18
Revenue & earnings trend
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Compare CMIC Ocean En Tech Holding Co Ltd with another stock
Price, fair value, quality and upside side by side.
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.Oil & Gas Equipment & Services · 190 stocks
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Energy
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SLB N.V SLB | $52.12 | $28.66 | −45% |
| Baker Hughes Company BKR | $57.26 | $32.40 | −43% |
| TechnipFMC plc FTI | $70.82 | $27.68 | −61% |
| Halliburton Company HAL | $32.85 | $21.50 | −35% |
| Tenaris S.A TEN | €24.55 | €18.99 | −23% |
| Yantai Jereh Oilfield Services Group 002353 | ¥118.92 | ¥128.30 | +8% |
| Saipem SpA SPM | €4.36 | €2.72 | −38% |
| Subsea 7 S.A SUBC | kr 319.80 | kr 250.82 | −22% |
| China Oilfield Services Limited 601808 | ¥12.12 | ¥13.04 | +8% |
| Gaztransport & Technigaz SA GTT | €222.60 | €244.86 | +10% |
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