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ELL Environmental Holdings (1395) Fair Value & Analysis

Industrials · HK · Market cap HK$140M

EE ELL Environmental Holdings 1395 · HK
PriceHK$0.1160
Fair ValueHK$0.2900
Upside+150.0%
Quality62/100
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Mixed Growth
Solidly profitable · 12.8% net margin
Low debt · generates free cash flow
Ranks above peers (13/13)
Moderate moat 54/100
Evidence: High Range HK$0.1800 – HK$0.4300 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Share price −6.5% over the past month.

A solid business, screening 150% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.1800). The market is more pessimistic than our downside scenario.
  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (HK$0.1800 to HK$0.4300) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$0.2000 HK$0.0500 Fair Value HK$0.2900 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$0.0500 – HK$0.2000 · fair‑value band HK$0.1800 – HK$0.4300 · the HK$0.1160 price screens below the HK$0.2900 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ELL Environmental Holdings (1395) currently trades at HK$0.1160, while our model-based Fair Value estimate is HK$0.2900, implying the stock looks roughly 150.0% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, ELL Environmental Holdings generated revenue of HK$167M at a net margin of 12.8%. Revenue grew 13.1% year over year. It earns a return on equity of 8.4%. Net debt stands at HK$14.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1800 (bear case) to HK$0.4300 (bull case); at HK$0.1160, the current price sits below 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 37% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at 150%, 1395 screens cheaper 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$0.0900 HK$0.1100 HK$0.1500 80
Residual Income HK$0.1900 HK$0.1900 HK$0.1900 76
Rev-Margin DCF HK$0.2000 HK$0.3500 HK$0.5500 74
All 24 models by family
DCF Models
FCF DCF HK$0.0900 HK$0.1200 HK$0.1700 38
Owner Earnings HK$0.2100 HK$0.3200 HK$0.4600 31
5Y Revenue Exit HK$0.2000 HK$0.3600 HK$0.5800 39
5Y EBITDA Exit HK$0.2300 HK$0.4300 HK$0.6700 41
5Y P/E Exit HK$0.1900 HK$0.3400 HK$0.5100 38
10Y Revenue Exit HK$0.1400 HK$0.2600 HK$0.4500 36
10Y EBITDA Exit HK$0.1700 HK$0.3100 HK$0.5200 37
10Y P/E Exit HK$0.1400 HK$0.2500 HK$0.4000 35
Earnings-Based
Graham-Dodd HK$0.1300 HK$0.5900 HK$0.8000 54
Lynch FV HK$0.1500 HK$0.2200 HK$0.2800 50
PEG = 1.0 HK$0.1500 HK$0.2200 HK$0.2800 46
EPV HK$0.2500 HK$0.2700 HK$0.2900 59
Multiples
P/E Multiple HK$0.2600 HK$0.3500 HK$0.4300 63
P/S Multiple HK$0.2500 HK$0.3300 HK$0.4100 58
P/B Multiple HK$0.2500 HK$0.3300 HK$0.4100 55
EV/EBIT HK$0.4900 HK$0.6400 HK$0.7900 53
EV/EBITDA HK$0.3700 HK$0.4900 HK$0.6000 54
EV/Revenue HK$0.2900 HK$0.4000 HK$0.5200 43
Asset-Based
NCAV (Graham) HK$0.1300 HK$0.1700 HK$0.2500 50
Growth DCF
Growth DCF HK$0.0900 HK$0.1100 HK$0.1500 80
Rev-Margin DCF HK$0.2000 HK$0.3500 HK$0.5500 74
Economic Profit
Residual Income HK$0.1900 HK$0.1900 HK$0.1900 76
ROIC Compounder HK$0.2500 HK$0.2800 HK$0.3400 72
Growth Earnings
Growth-Adj P/E HK$0.2300 HK$0.3300 HK$0.4300 68

Widest divergence: Multiples (HK$0.3500) versus Growth DCF (HK$0.1100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$167M
Revenue growth (YoY) +13.1%
Net margin 12.8%
Return on equity 8.4%
Free cash flow HK$7.1M FY2025
P/E ratio 6.3 as of Jul 2, 2026
More key figures
Operating margin 22.0%
EPS (TTM) HK$0.0100
EPS growth (YoY) +4,515%
Net debt HK$14.4M FY2025

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 55 · Market factors (momentum, volatility) 21

Profitability 35
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 82
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

ELL Environmental Holdings Limited, an investment holding company, designs, constructs, operates, and maintains wastewater treatment facilities in the People's Republic of China and Indonesia. The company owns and operates wastewater treatment facilities for treating municipal and industrial wastewater.

Full company description

ELL Environmental Holdings Limited, an investment holding company, designs, constructs, operates, and maintains wastewater treatment facilities in the People's Republic of China and Indonesia. The company owns and operates wastewater treatment facilities for treating municipal and industrial wastewater. It also engages in the production of biofuel pellet; construction and operation of biomass power plants; generation of electricity from biomass power plants; manufacture and sell of wood pellets; and provision of information technology services. The company serves local government authorities. ELL Environmental Holdings Limited was founded in 2002 and is headquartered in Rugao, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ELL Environmental Holdings reported revenue of HK$167M in FY2025 versus HK$103M in FY2021, a compound +12.8%/yr. Reported net income was HK$21.3M in FY2025, compounding +36.4%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$167M
Latest YoY
+37.1%
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.
−6.5%
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.
+23.1%
Avg. growth/yr (14Y) 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.
+9.9%
Revenue +12.8%/yr
FY21 HK$103M
FY22 HK$204M
FY23 HK$113M
FY24 HK$122M
FY25 HK$167M
Net income +36.4%/yr
FY21 HK$6.1M
FY22 −HK$16.3M
FY23 −HK$8.3M
FY24 −HK$8.7M
FY25 HK$21.3M

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Cite: Fair Value Calculator (2026). "ELL Environmental Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1395

Peer Group

Waste Management · 168 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 62 · Top 25%
Fair Value upside +150% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 5% · Above median
Net margin (TTM) 13% · Above median
Operating margin (TTM) 22% · Top 25%
Revenue growth 13% · Above median
Debt / equity 0.13× · Lower than median

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 6.3× · Cheaper than 75% of peers
P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 0.84× · Cheaper than median
P/FCF 2.5× · Cheaper than median
EV/EBITDA 2.5× · 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 100 · sector 8
FUTURE 66 · sector 21
PAST 33 · sector 25
HEALTH 94 · sector 81
DIVIDEND 0 · sector 47

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 Waste Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $226.32 $128.02 -43%
Republic Services, Inc RSG $215.08 $120.63 -44%
Waste Connections, Inc WCN C$230.52 C$78.67 -66%
Veolia Environnement SA VIE €34.47 €23.26 -33%
Clean Harbors, Inc CLH $316.65 $154.01 -51%
GFL Environmental Inc GFL C$57.56 C$44.27 -23%
GEM Co 002340 ¥6.75 ¥5.27 -22%
Zhejiang Weiming Environment Protection Co 603568 ¥15.68 ¥20.95 +34%
China Everbright Environment Group 0257 HK$5.00 HK$8.96 +79%
Beijing GeoEnviron Engineering & Technology, Inc 603588 ¥14.10 ¥9.35 -34%

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Frequently asked questions

Is ELL Environmental Holdings (1395) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2900 versus a price of HK$0.1160, about +150% (undervalued).
What is the fair value of 1395?
Our model-based fair value for ELL Environmental Holdings is HK$0.2900 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1160.
What is the quality score of 1395?
ELL Environmental Holdings has a Quality Score of 62/100. 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 ELL Environmental Holdings (1395)?
ELL Environmental Holdings reported trailing-twelve-month revenue of about HK$167M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1395?
The net profit margin of ELL Environmental Holdings is about 12.8%, meaning it keeps roughly 12.8% 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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