China Renewable Energy Investment Limited (0987) Fair Value & Analysis
Utilities · HK · Market cap HK$496M
Fair value as of: Aug 13, 2026
From 23 valuation models · updated 2 days ago
Share price −0.5% over the past month.
A solid business, but screening 30% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (HK$0.1700). The favourable scenario is already priced in.
- Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range HK$0.0887 – HK$0.3501 · fair‑value band HK$0.1000 – HK$0.1700 · the HK$0.1990 price screens above the HK$0.1400 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
China Renewable Energy Investment Limited (0987) currently trades at HK$0.1990, while our model-based Fair Value estimate is HK$0.1400, implying the stock looks roughly 29.7% overvalued today. The Quality Score stands at 66/100 (solid 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: high).
Over the trailing twelve months, China Renewable Energy Investment Limited generated revenue of HK$172M at a net margin of 11.3%. Revenue declined 12.1% year over year. It earns a return on equity of 0.9%. The balance sheet holds a net cash position of HK$225M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.1000 (bear case) to HK$0.1700 (bull case); at HK$0.1990, 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 17% below its 52-week high and 67% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -11% fair-value upside, at -30%, 0987 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.
All 23 models by family
Widest divergence: Growth DCF (HK$1.16) versus Earnings-Based (HK$0.0600). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 70
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Renewable Energy Investment Limited 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.
of which total revenue +3.5 pp · buybacks/dilution +0.2 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
0987 screens 30% overvalued. Compare with China Yangtze Power Co →
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.
Valuation Multiples vs Utilities - Renewable median · lower = cheaper
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: 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.
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 Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥28.02 | ¥25.13 | -10% |
| Ørsted A/S ORSTED | kr 148.25 | kr 31.40 | -79% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.69 | ¥5.57 | -43% |
| Adani Green Energy Limited ADANIGREEN | ₹1,319 | ₹169.61 | -87% |
| AXIA Energia SA AXIAP | $10.74 | $9.54 | -11% |
| VERBUND AG OEWA | €56.80 | €66.19 | +17% |
| BEP BEP | $34.23 | $70.40 | +106% |
| BEPUN BEPUN | C$44.56 | C$10.15 | -77% |
| China Longyuan Power Group 001289 | ¥15.92 | ¥7.55 | -53% |
| SDIC Power Holdings 600886 | ¥13.95 | ¥16.63 | +19% |
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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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