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China Environmental Technology and Bioenergy Holdings (1237) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$65.3M

CE China Environmental Technology and Bioenergy Holdings 1237 · HK
PriceHK$0.6800
Fair ValueHK$0.5735
Upside-15.7%
Quality55/100
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Weak Growth
Thin margins · 9.3% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Narrow moat 27/100
Evidence: High Range HK$0.4303 – HK$0.6459 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$0.5722 to HK$0.5735 (+0.2%) since Aug 5, 2026. Share price −2.9% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.6459). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$1.59 HK$0.2600 Fair Value HK$0.5735 Mar 2021 Aug 2026

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$0.2600 – HK$1.59 · fair‑value band HK$0.4303 – HK$0.6459 · the HK$0.6800 price screens above the HK$0.5735 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

China Environmental Technology and Bioenergy Holdings (1237) currently trades at HK$0.6800, while our model-based Fair Value estimate is HK$0.5735, implying the stock looks roughly 15.7% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical 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 Environmental Technology and Bioenergy Holdings generated revenue of HK$480M at a net margin of 9.3%. Revenue grew 25.5% year over year. It earns a return on equity of 5.0%. The balance sheet holds a net cash position of HK$50.5M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.4303 (bear case) to HK$0.6459 (bull case); at HK$0.6800, 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 55% below its 52-week high and 62% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at -16%, 1237 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.

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
Highest evidence
Growth DCF HK$4.29 HK$5.06 HK$5.94 80
Residual Income HK$6.51 HK$6.23 HK$5.09 76
Rev-Margin DCF HK$4.35 HK$5.69 HK$7.19 74
All 23 models by family
DCF Models
FCF DCF HK$4.28 HK$5.15 HK$6.21 38
Owner Earnings HK$7.32 HK$9.28 HK$11.65 31
5Y Revenue Exit HK$4.35 HK$5.66 HK$7.31 39
5Y EBITDA Exit HK$3.56 HK$4.22 HK$4.95 41
5Y P/E Exit HK$6.65 HK$9.89 HK$13.22 38
10Y Revenue Exit HK$4.22 HK$5.29 HK$6.65 36
10Y EBITDA Exit HK$3.86 HK$4.45 HK$5.15 37
10Y P/E Exit HK$5.53 HK$7.77 HK$10.43 35
Earnings-Based
Graham-Dodd HK$3.17 HK$8.92 HK$11.74 54
Lynch FV HK$1.81 HK$2.58 HK$3.36 50
PEG = 1.0 HK$1.81 HK$2.58 HK$3.36 46
Dividend Discount
Gordon GGM HK$0.4000 HK$0.6800 HK$0.8800 70
DDM Multi-Stage HK$0.4000 HK$0.5800 HK$0.7300 61
Multiples
P/E Multiple HK$7.68 HK$10.24 HK$12.80 63
P/S Multiple HK$4.49 HK$5.99 HK$7.49 58
P/B Multiple HK$5.93 HK$7.91 HK$9.89 55
EV/EBITDA HK$3.16 HK$3.61 HK$4.06 54
EV/Revenue HK$4.57 HK$5.76 HK$6.94 43
Asset-Based
NCAV (Graham) HK$4.77 HK$6.40 HK$9.55 50
Growth DCF
Growth DCF HK$4.29 HK$5.06 HK$5.94 80
Rev-Margin DCF HK$4.35 HK$5.69 HK$7.19 74
Economic Profit
Residual Income HK$6.51 HK$6.23 HK$5.09 76
Growth Earnings
Growth-Adj P/E HK$6.12 HK$8.74 HK$11.36 68

Widest divergence: Growth Earnings (HK$8.74) versus Dividend Discount (HK$0.5800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$480M
Revenue growth (YoY) +25.5%
Net margin 9.3%
Return on equity 5.0%
Free cash flow HK$29.2M FY2025
P/E ratio 1.2 as of Jul 2, 2026
More key figures
Operating margin 3.5%
EPS (TTM) HK$0.0900
EPS growth (YoY) +675%
Net cash HK$50.5M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 21

Profitability 26
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

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 Environmental Technology and Bioenergy Holdings Limited, an investment holding company, manufactures and sells outdoor wooden products in the People's Republic of China, Australia, North America, Europe, and the Asia Pacific.

Full company description

China Environmental Technology and Bioenergy Holdings Limited, an investment holding company, manufactures and sells outdoor wooden products in the People's Republic of China, Australia, North America, Europe, and the Asia Pacific. It operates in two segments, Manufacturing and Sales of Wooden Products; and Manufacturing and Sales of Renewable Energy Products. The company offers timber villas for leisure resort clubs, tourist scenic spots, and parks; non-residential timber sheds for leisure or storage purposes, including pavilions and gazebos, etc.; timber logs which are processed with drying, coating, polishing, and/or anti-corrosive treatment; and timber houses, and related parts and structures, as well as provides installation advice services. It also provides recreational products, such as play swings, sand tables, and outdoor rocking chairs for children, public parks and private gardens, and courtyards; tables and chairs for outdoors usage; indoor furniture products, including beds and cabinets; landscape garden products, comprising flower carts, railings, and litter bins for use in gardens, scenic spots, courtyards, and parks; and pet-home products, including bird houses, dog homes, and playhouses, rabbit hutches, hamster cages, etc. In addition, the company trades in timber; and recycles, produces, and sells biomass pellet fuels. The company was formerly known as Merry Garden Holdings Limited and changed its name to China Environmental Technology and Bioenergy Holdings Limited in June 2016. China Environmental Technology and Bioenergy Holdings Limited was founded in 1995 and is headquartered in Zhangping, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Environmental Technology and Bioenergy Holdings reported revenue of HK$480M in FY2025 versus HK$608M in FY2021, a compound −5.8%/yr. Reported net income was HK$44.7M in FY2025, compounding −1.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$480M
Latest YoY
+17.1%
Avg. growth/yr (3Y) 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.
+1.0%
Avg. growth/yr (5Y) 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.
−0.5%
Avg. growth/yr (16Y) 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.
+9.6%
Revenue −5.8%/yr
FY21 HK$608M
FY22 HK$465M
FY23 HK$298M
FY24 HK$410M
FY25 HK$480M
Net income −1.3%/yr
FY21 HK$47.1M
FY22 −HK$6.6M
FY23 −HK$2.4M
FY24 HK$3.0M
FY25 HK$44.7M

1237 screens 16% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "China Environmental Technology and Bioenergy Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1237

Peer Group

Furnishings, Fixtures & Appliances · 315 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.

Quality Score 55 · Above median
Fair Value upside −16% · Below median
Return on equity (TTM) 5% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 3% · Below median
Revenue growth 26% · Top 25%
Dividend yield (TTM) 8.5% · Top 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 1.2× · Cheaper than 75% of peers
P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers

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 12 · sector 20
FUTURE 100 · sector 0
PAST 20 · sector 19
HEALTH 92 · sector 98
DIVIDEND 100 · sector 62

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥84.34 ¥99.66 +18%
Gree Electric Appliances, Inc 000651 ¥40.23 ¥86.91 +116%
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King Slide Works Co 2059 12,045 TWD 1,917 TWD -84%
Guangdong Songfa Ceramics Co 603268 ¥173.26 ¥38.83 -78%
Hisense Home Appliances Group 000921 ¥27.69 ¥50.62 +83%
Ecovacs Robotics Co 603486 ¥57.74 ¥54.14 -6%
Zhejiang Supor Co 002032 ¥41.68 ¥44.84 +8%
COWAY Co 021240 97,200 KRW 103,928 KRW +7%
Voltas Limited VOLTAS ₹1,290 ₹152.27 -88%

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Frequently asked questions

Is China Environmental Technology and Bioenergy Holdings (1237) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.5735 versus a price of HK$0.6800, about −16% (overvalued).
What is the fair value of 1237?
Our model-based fair value for China Environmental Technology and Bioenergy Holdings is HK$0.5735 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.6800.
What is the quality score of 1237?
China Environmental Technology and Bioenergy Holdings has a Quality Score of 55/100. 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 revenue of China Environmental Technology and Bioenergy Holdings (1237)?
China Environmental Technology and Bioenergy Holdings reported trailing-twelve-month revenue of about HK$480M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1237?
The net profit margin of China Environmental Technology and Bioenergy Holdings is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.

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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