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China Smarter Energy Group Holdings Limited (1004) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of China Smarter Energy Group Holdings Limited HK$0.23, price HK$0.19, upside +21.7%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Add to watchlist

Utilities · HK · ISIN BMG2116L1037

CS Thin data Sep 24, 2026

China Smarter Energy Group Holdings Limited

1004 · HK

UndervaluedThe stock appears undervalued with acceptable quality.

✓Fair value HK$0.2276 · Undervalued (+22%)
!Quality 60/100
!Weak Growth (revenue 5y −32.7 %/yr)
✓Negative equity (buybacks among others) · generates free cash flow
✓Ranks above peers (7/7)
!Narrow moat 39/100
!Evidence only low, so the estimate is less certain
!Weak on future: 12 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$1.54 HK$0.1100 Fair Value HK$0.2276 May 2021 Sep 2026

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$0.1100 – HK$1.54 · fair‑value band HK$0.2276 – HK$0.2534 · the HK$0.1870 price screens below the HK$0.2276 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

China Smarter Energy Group Holdings Limited, an investment holding company, engages in the solar energy business in the People's Republic of China. It operates solar power plants and distributes solar power stations. As of 31 December 2025, its installed capacity was approximately 72 megawatts. The company also engages in the dealing of securities.

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China Smarter Energy Group Holdings Limited, an investment holding company, engages in the solar energy business in the People's Republic of China. It operates solar power plants and distributes solar power stations. As of 31 December 2025, its installed capacity was approximately 72 megawatts. The company also engages in the dealing of securities. The company was formerly known as Rising Development Holdings Limited and changed its name to China Smarter Energy Group Holdings Limited in February 2015. China Smarter Energy Group Holdings Limited was incorporated in 1997 and is based in Sheung Wan, Hong Kong.

Stock analysis

China Smarter Energy Group Holdings Limited (1004) currently trades at HK$0.1870, while our model-based Fair Value estimate is HK$0.2276, implying the stock looks roughly 17.8% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of HK$2.12 per share, and 11 of the 11 models we run sit above the HK$0.1870 price.

Bear case: the Earnings-Based group reads lowest at HK$0.9300, and 0 of the 11 models stay below the price. Evidence for this calculation is low.

Scenario range: HK$0.2276 (bear) to HK$0.2534 (bull), the price of HK$0.1870 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 60/100 (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 Smarter Energy Group Holdings Limited reported revenue of HK$77.5M in FY2026 versus HK$203M in FY2022, a compound −21.4%/yr. Reported net income was −HK$171M in FY2026.

Key figures

Market cap HK$87.7M (≈ $11.2M) · P/S ratio 0.91 · EPS (TTM) HK$−0.0100 · Net margin −221% · Return on equity −11.0% · Return on assets (EBIT) −11.6% · Operating margin 97.8% · Revenue (TTM) HK$77.5M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 81% below its 52-week high and 70% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at 22%, 1004 screens cheaper than that median.

Fair Value models

Bear HK$0.2276 Fair Value HK$0.2276 Bull HK$0.2534
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF HK$2.16 HK$3.23 HK$4.82 80
Growth DCF HK$2.18 HK$3.13 HK$4.44 79
5Y EBITDA Exit HK$1.48 HK$2.12 HK$2.85 76
All 11 models by family
DCF Models
FCF DCF HK$2.16 HK$3.23 HK$4.82 80
5Y Revenue Exit HK$1.02 HK$1.26 HK$1.53 74
5Y EBITDA Exit HK$1.48 HK$2.12 HK$2.85 76
10Y Revenue Exit HK$1.42 HK$1.74 HK$2.11 68
10Y EBITDA Exit HK$1.71 HK$2.32 HK$3.09 69
Earnings-Based
EPV HK$0.8100 HK$0.9300 HK$1.02 74
Multiples
EV/EBIT HK$1.10 HK$1.44 HK$1.77 66
EV/EBITDA HK$1.22 HK$1.60 HK$1.97 67
EV/Revenue HK$0.3900 HK$0.5200 HK$0.6400 54
Growth DCF
Growth DCF HK$2.18 HK$3.13 HK$4.44 79
Economic Profit
ROIC Compounder HK$0.8100 HK$0.9300 HK$1.02 72

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Quality Score breakdown

Overall quality 60/100

Of which business quality 55 · Market factors (momentum, volatility) 27

Profitability 4
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 21/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−26.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−32.7%
Start year 2021 (pandemic). Over 10 years: −11.2% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.6%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−31.6% (2021) → 53.9% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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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 · 207 stocks

Beats the industry median on 7/7 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 62 · Top 25%
Fair Value upside +22% · Above median
Profitability
Return on equity (TTM) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets 6% · Top 25%
Operating margin (TTM) 98% · Top 25%
Growth and dividend
Revenue growth 2% · Above median
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Utilities - Renewable median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM) 0.14× · Cheapest 25%
P/FCF 0.2× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)62 · sector 14
FUTURE (revenue growth)12 · sector 0
PAST (return on equity)0 · sector 14
HEALTH (low debt)0 · sector 68
DIVIDEND (yield)0 · sector 47

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Context: sector, industry, market

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

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 ¥28.08 ¥30.89 +10%
Ørsted A/S ORSTED kr 135.75 kr 31.40 −77%
Huaneng Lancang River Hydropower Inc 600025 ¥9.62 ¥4.45 −54%
Adani Green Energy Limited ADANIGREEN ₹1,301 ₹169.61 −87%
BEP BEP $29.08 $70.40 +142%
Fortum Oyj FORTUM €23.56 €14.06 −40%
SDIC Power Holdings 600886 ¥14.30 ¥17.08 +19%
China Three Gorges Renewables (Group) Co 600905 ¥3.64 ¥2.40 −34%
EDP Renewables, S.A EDPR €13.22 €3.67 −72%
Public Power Corporation PPC €23.72 €7.44 −69%

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HK$0.2276 +18%Fair Value
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Cite: Fair Value Calculator (2026). "China Smarter Energy Group Holdings Limited Fair Value". https://www.fairvalue-calculator.com/stock/1004

Frequently asked questions

Is China Smarter Energy Group Holdings Limited (1004) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$0.2276 versus a price of HK$0.1870, about +22% upside (undervalued).
What is the fair value of 1004?
Our model-based fair value for China Smarter Energy Group Holdings Limited is HK$0.2276 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$0.1870.
What is the quality score of 1004?
China Smarter Energy Group Holdings Limited has a Quality Score of 60/100. 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 price target for China Smarter Energy Group Holdings Limited (1004)?
Our model-based price target is the fair value of HK$0.2276 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario HK$0.2276, optimistic scenario HK$0.2534. It is a calculation from audited fundamentals, not an analyst target.
What is the China Smarter Energy Group Holdings Limited stock forecast for 2026?
Our models put fair value at HK$0.2276, about +22% upside versus a price of HK$0.1870 (undervalued). Cautious scenario HK$0.2276, optimistic scenario HK$0.2534. The calculation is refreshed regularly with new filings.
What is the revenue of China Smarter Energy Group Holdings Limited (1004)?
China Smarter Energy Group Holdings Limited reported trailing-twelve-month revenue of about HK$77.5M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of China Smarter Energy Group Holdings Limited (1004)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Smarter Energy Group Holdings Limited it is HK$0.2276 per share (as of Sep 24, 2026), against a price of HK$0.1870. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is China Smarter Energy Group Holdings Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1004 trades below its calculated fair value: price HK$0.1870, fair value HK$0.2276, a gap of about +22% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1004?
No. The price is what the market pays today (HK$0.1870); the fair value is what the company's own numbers justify (HK$0.2276). For China Smarter Energy Group Holdings Limited the two are HK$0.0406 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Smarter Energy Group Holdings Limited worth?
The market values China Smarter Energy Group Holdings Limited at about HK$87.7M (market capitalisation, as of Sep 24, 2026). Per share that is HK$0.1870; our models calculate a fair value of HK$0.2276 per share.
What do the bullish and bearish scenarios say about 1004?
Our models span a range for China Smarter Energy Group Holdings Limited: cautious scenario HK$0.2276, base HK$0.2276, optimistic HK$0.2534 per share (as of Sep 24, 2026, price HK$0.1870). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of China Smarter Energy Group Holdings Limited (1004)?
Balance-sheet figures for China Smarter Energy Group Holdings Limited (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 1004 from its 52-week high?
China Smarter Energy Group Holdings Limited trades at HK$0.1870, about 81% below its 52-week high of HK$0.9800 and 70% above the low of HK$0.1100 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.2276 is for.
Which stocks are comparable to China Smarter Energy Group Holdings Limited?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Adani Green Energy Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is China Smarter Energy Group Holdings Limited stock attractive at the current price?
The data as of Sep 24, 2026: price HK$0.1870, calculated fair value HK$0.2276 (+22%), Quality Score 60/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1004 calculated?
We run China Smarter Energy Group Holdings Limited through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.2276, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. China Smarter Energy Group Holdings Limited currently trades 22 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of China Smarter Energy Group Holdings Limited (1004)?
The closing price on Sep 24, 2026 was HK$0.1870. Our model-based fair value is HK$0.2276, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Smarter Energy Group Holdings Limited right now?
The price is below even our cautious bear case (HK$0.2276). The market is more pessimistic than our downside scenario. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (HK$0.2276 to HK$0.2534), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of China Smarter Energy Group Holdings Limited

How large is the market capitalisation of China Smarter Energy Group Holdings Limited (1004)?
The market capitalisation of China Smarter Energy Group Holdings Limited is HK$87.7M (≈ $11.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of China Smarter Energy Group Holdings Limited (1004)?
The price-to-sales ratio of China Smarter Energy Group Holdings Limited is 0.91 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of China Smarter Energy Group Holdings Limited (1004)?
Earnings per share at China Smarter Energy Group Holdings Limited are HK$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of China Smarter Energy Group Holdings Limited (1004)?
The net margin of China Smarter Energy Group Holdings Limited is −221% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of China Smarter Energy Group Holdings Limited (1004)?
The return on equity (ROE) of China Smarter Energy Group Holdings Limited is −11.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of China Smarter Energy Group Holdings Limited (1004)?
On an EBIT basis the return on assets of China Smarter Energy Group Holdings Limited is −11.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of China Smarter Energy Group Holdings Limited (1004)?
The operating margin of China Smarter Energy Group Holdings Limited is 97.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Smarter Energy Group Holdings Limited (1004)?
Revenue at China Smarter Energy Group Holdings Limited is growing +2.3% versus a year earlier (3y avg −26.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does China Smarter Energy Group Holdings Limited (1004) generate?
The free cash flow of China Smarter Energy Group Holdings Limited is HK$55.0M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does China Smarter Energy Group Holdings Limited (1004) carry?
The net debt of China Smarter Energy Group Holdings Limited is HK$644M (fiscal year 2026, ≈ 11.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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