China Renewable Energy Investment Ltd (0987) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of China Renewable Energy Investment Ltd HK$0.43, price HK$0.22, upside +93.7%, quality 66 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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China Renewable Energy Investment Ltd
0987 · 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 27, 2026.
How to read this chart
60‑month range HK$0.0887 – HK$0.3501 · the HK$0.2220 price screens below the HK$0.4300 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Company profile
China Renewable Energy Investment Limited, an investment holding company, engages in the renewable energy business in the People's Republic of China and Hong Kong.
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China Renewable Energy Investment Limited, an investment holding company, engages in the renewable energy business in the People's Republic of China and Hong Kong. As of December 31, 2025, the company operated eight wind farms with the power generating capacity of 738 megawatts and one distributed solar project in Gansu, Hebei, Heilongjiang, Henan, Inner Mongolia, and Zhejiang provinces. It also offers human resources management services, as well as distributes solar energy and sells electricity. The company was formerly known as Hong Kong Energy (Holdings) Limited and changed its name to China Renewable Energy Investment Limited in June 2011. The company was incorporated in 2002 and is headquartered in Tsim Sha Tsui, Hong Kong. China Renewable Energy Investment Limited operates as a subsidiary of HKC (Holdings) Limited.
Stock analysis
China Renewable Energy Investment Ltd (0987) currently trades at HK$0.2220, while our model-based Fair Value estimate is HK$0.4300, implying the stock looks roughly 48.4% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of HK$1.02 per share, and 12 of the 23 models we run sit above the HK$0.2220 price.
Bear case: the Earnings-Based group reads lowest at HK$0.0600, and 11 of the 23 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
China Renewable Energy Investment Ltd reported revenue of HK$172M in FY2025 versus HK$250M in FY2021, a compound −8.9%/yr. Reported net income was HK$19.5M in FY2025, compounding −35.6%/yr from FY2021.
Key figures
Market cap HK$556M (≈ $70.9M) · P/E ratio 22.2 · P/S ratio 2.51 · EPS (TTM) HK$0.0100 · Dividend yield 2.3% · Net margin 11.3% · Return on equity 0.9% · Return on assets (EBIT) 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 85% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at 94%, 0987 screens cheaper than that median.
Fair Value models
All 23 models by family
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Set up alert →Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 79
Revenue & earnings trend
Growth Forecast
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Compare China Renewable Energy Investment 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.Utilities - Renewable · 204 stocks
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- 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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥28.36 | ¥31.20 | +10% |
| Ørsted A/S ORSTED | kr 137.00 | kr 31.40 | −77% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.75 | ¥4.45 | −54% |
| Fortum Oyj FORTUM | €23.42 | €14.06 | −40% |
| Adani Green Energy Limited ADANIGREEN | ₹1,297 | ₹169.61 | −87% |
| SDIC Power Holdings 600886 | ¥14.86 | ¥16.35 | +10% |
| EDP Renewables, S.A EDPR | €12.99 | €3.53 | −73% |
| China Three Gorges Renewables (Group) Co 600905 | ¥3.61 | ¥2.40 | −34% |
| Public Power Corporation PPC | €22.96 | €7.44 | −68% |
| GD Power Development Co 600795 | ¥5.24 | ¥5.99 | +14% |
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Key figures of China Renewable Energy Investment Ltd
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