0836 (0836) Fair Value & Analysis

Utilities · Market cap HK$87.6B

0 0836 0836 · HK

PriceHK$16.92

Fair ValueHK$38.70

Upside+128.7%

Quality39/100

Evidence: Medium Range HK$28.58 – HK$53.58

Fair value as of: Jul 2, 2026

From 14 valuation models · updated today

Share price −17.4% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$16.47 – HK$20.91 · fair‑value band HK$28.58 – HK$53.58 · the HK$16.92 price screens below the HK$38.70 fair value. As of Jul 2, 2026.

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Analysis

0836 (0836) currently trades at HK$16.92, while our model-based Fair Value estimate is HK$38.70 — implying the stock looks roughly 128.7% undervalued today. We read business quality at 39/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, 0836 generated revenue of HK$102B at a net margin of 14.2%. Revenue declined 4.5% year over year. It earns a return on equity of 12.8%. Net debt stands at HK$212B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$102B

Revenue growth (YoY) -4.5%

Net margin 14.2%

Return on equity 12.8%

Free cash flow −HK$5.5B FY2025

P/E ratio 6.0

More key figures

Operating margin 18.8%

EPS (TTM) HK$1.52

Dividend yield 6.5%

EPS growth (YoY) +25.0%

Net debt HK$212B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 2, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0836 reported revenue of HK$102B in FY2025 versus HK$90.4B in FY2021, a compound +3.1%/yr. Reported net income was HK$14.8B in FY2025, compounding +62.2%/yr from FY2021.

Revenue +3.1%/yr

FY21 HK$90.4B

FY22 HK$103B

FY23 HK$103B

FY24 HK$105B

FY25 HK$102B

Net income +62.2%/yr

FY21 HK$2.1B

FY22 HK$7.0B

FY23 HK$11.0B

FY24 HK$14.4B

FY25 HK$14.8B

Is 0836 fairly valued? → Check now

Similar stocks

6 more Utilities - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
Constellation Energy Corporation CEG	$275.53	$87.76	-68%
Vistra Corp VST	$138.54	$23.27	-83%
Adani Power Limited ADANIPOWER	₹233.78	₹75.89	-68%
CGN Power Co 003816	¥4.10	¥4.06	-1%
Gulf Development Public Company GULF	61.25 THB	48.08 THB	-22%
NRG Energy, Inc NRG	$138.91	$56.02	-60%

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Frequently asked questions

Is 0836 (0836) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$38.70 versus a price of HK$16.92 — about +129% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0836?

Our model-based fair value for 0836 is HK$38.70 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$16.92.

What is the quality score of 0836?

0836 has a Quality Score of 39/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0836 (0836)?

0836 reported trailing-twelve-month revenue of about HK$102B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0836?

The net profit margin of 0836 is about 14.2%, meaning it keeps roughly 14.2% of revenue as net income. Based on the latest reported figures.

Does 0836 pay a dividend?

0836 currently shows a dividend yield of about 6.47% relative to its recent price (as of Jul 2, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.