EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

CGN Meiya Power Hldg Co Ltd (1811) fair value: what the stock is really worth

As of Sep 30, 2026: fair value of CGN Meiya Power Hldg Co Ltd HK$3.77, price HK$2.07, upside +82.1%, quality 43 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? No
  3. Add to watchlist

Utilities · HK · ISIN BMG202981087

CM Thin data Oct 1, 2026

CGN Meiya Power Hldg Co Ltd

1811 · HK

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value HK$3.77 · Strongly undervalued (+82.1%)
!Quality 43/100
!Mixed Growth (revenue YoY −13.1 %/yr)
✓Solidly profitable · 12.1% net margin (TTM)
!High debt · negative free cash flow
!1.1% dividend yield · Watch coverage
✓Ranks above peers (8/13)
!Moderate moat 53/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 22 out of 100
Watch CGN Meiya Power Hldg Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

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$7.24 HK$1.44 Fair Value HK$3.77 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.

How to read this chart

60‑month range HK$1.44 – HK$7.24 · fair‑value band HK$3.45 – HK$4.67 · the HK$2.07 price screens below the HK$3.77 fair value. Dashed = 300-day average. As of Oct 1, 2026.

Follow CGN Meiya Power Hldg Co in your weekly email

Every Wednesday you see whether CGN Meiya Power Hldg Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

CGN New Energy Holdings Co., Ltd., together with its subsidiaries, generates and supplies electricity and steam in the People's Republic of China and Republic of Korea. It operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, and biomass power generation projects, as well as an energy storage project.

Show more

CGN New Energy Holdings Co., Ltd., together with its subsidiaries, generates and supplies electricity and steam in the People's Republic of China and Republic of Korea. It operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, and biomass power generation projects, as well as an energy storage project. The company also engages in the construction and operation of power stations and other associated facilities. In addition, it provides management services to power plants. The company was formerly known as CGN Meiya Power Holdings Co., Ltd. and changed its name to CGN New Energy Holdings Co., Ltd. in November 2015. The company was incorporated in 1995 and is headquartered in Wan Chai, Hong Kong. CGN New Energy Holdings Co., Ltd. operates as a subsidiary of CGN Energy International Holdings Co., Limited.

Stock analysis

CGN Meiya Power Hldg Co Ltd (1811) currently trades at HK$2.07, while our model-based Fair Value estimate is HK$3.77, implying the stock looks roughly 45.1% undervalued today.

Show more

Valuation

Bull case: the Growth Earnings group reads highest at a median of HK$6.95 per share, and 9 of the 14 models we run sit above the HK$2.07 price.

Bear case: the Dividend Discount group reads lowest at HK$0.9700, and 5 of the 14 models stay below the price. Evidence for this calculation is low.

Scenario range: HK$3.45 (bear) to HK$4.67 (bull), the price of HK$2.07 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 43/100 (below-average quality), in the Utilities sector.

Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.

CGN Meiya Power Hldg Co Ltd reported revenue of $1.7B in FY2025 versus $1.8B in FY2021, a compound −1.1%/yr. Reported net income was $276M in FY2025, compounding +3.1%/yr from FY2021.

Key figures

Market cap HK$8.9B (≈ $1.1B) · P/E ratio 4.1 · P/S ratio 0.67 · Dividend yield 1.1% · Net margin 16.3% · Return on equity 10.2% · Return on assets (EBIT) 6.1% · Operating margin 24.1%.

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 32% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −32% fair-value upside, at 82%, 1811 screens cheaper than that median.

Fair Value models

Bear HK$3.45 Fair Value HK$3.77 Bull HK$4.67
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. 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
Residual Income HK$3.23 HK$3.76 HK$4.64 74
EPV n/a HK$0.1800 >HK$0.7200 68
Gordon GGM HK$0.8900 HK$0.9700 HK$1.09 67
All 14 models by family
Earnings-Based
Graham-Dodd HK$3.45 HK$4.92 HK$5.77 65
EPV n/a HK$0.1800 >HK$0.7200 68
Dividend Discount
Gordon GGM HK$0.8900 HK$0.9700 HK$1.09 67
DDM Multi-Stage HK$0.8900 HK$1.08 HK$1.32 65
Multiples
P/E Multiple HK$6.84 HK$9.12 HK$11.40 63
P/S Multiple HK$5.83 HK$7.78 HK$9.72 58
P/B Multiple HK$4.64 HK$6.18 HK$7.73 55
EV/EBIT HK$3.44 HK$6.75 HK$10.06 63
EV/EBITDA HK$5.42 HK$9.39 HK$13.36 65
EV/Revenue n/a HK$1.28 HK$3.61 50
Asset-Based
NCAV (Graham) HK$1.72 HK$2.30 HK$3.44 54
Economic Profit
Residual Income HK$3.23 HK$3.76 HK$4.64 74
ROIC Compounder n/a HK$0.1800 >HK$0.7200 65
Growth Earnings
Growth-Adj P/E HK$4.86 HK$6.95 HK$9.03 65

Open the full fair value analysis →

Notify me when 1811 reaches fair value

Put 1811 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 43/100

Of which business quality 41 · Market factors (momentum, volatility) 34

Profitability 35
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

Open the full quality analysis →

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. 55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+12.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.3%
Dividend (yield on the price)1.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11.3% vs 10.3%, steady
Profit margin 2020 to 2025 ⓘ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.25% → 28%
Start year 2020 (pandemic)

Watch 1811, get fair value alerts →

Compare CGN Meiya Power Hldg Co Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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 - Independent Power Producers · 73 stocks

Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside +82.1% · Top 25%
Profitability
Return on equity (TTM) 15.1% · Top 25%
Return on assets 3.4% · Above median
Net margin (TTM) 16.3% · Top 25%
Operating margin (TTM) 27.1% · Top 25%
Growth and dividend
Revenue growth −13.7% · Bottom 25%
Dividend yield (TTM) 1.1% · Below median
Balance sheet
Debt / equity 2.02× · Highest 25%

Valuation Multiplesvs Utilities - Independent Power Producers median · lower = cheaper

P/E (TTM) 4.1× · Cheapest 25%
P/B 0.60× · Cheapest 25%
P/S (TTM) 0.67× · Cheapest 25%
EV/EBITDA 5.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 34
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)41 · sector 34
HEALTH (low debt)0 · sector 72
DIVIDEND (yield)22 · sector 58

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 - Independent Power Producers stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Constellation Energy Corporation CEG $263.27 $92.53 −65%
Vistra Corp VST $140.83 $20.60 −85%
Adani Power Limited ADANIPOWER ₹202.75 ₹75.57 −63%
CGN Power Co 003816 ¥4.19 ¥2.18 −48%
Gulf Development Public Company GULF 60.75 THB 66.83 THB +10%
NRG Energy, Inc NRG $100.37 $74.44 −26%
Adani Energy Solutions Limited ADANIENSOL ₹1,339 ₹335.95 −75%
Huaneng Power International, Inc 600011 ¥6.74 ¥9.10 +35%
Datang International Power Generation Co 601991 ¥5.36 ¥3.65 −32%
China Resources Power Holdings 0836 HK$18.99 HK$36.45 +92%

Explore undervalued stocks

More undervalued Utilities stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

CGN Meiya Power Hldg Co Ltd · Fair Value
HK$3.77 +45%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "CGN Meiya Power Hldg Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1811

Frequently asked questions

Is CGN Meiya Power Hldg Co Ltd (1811) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of HK$3.77 versus a price of HK$2.07, about +82% upside (undervalued).
What is the fair value of 1811?
Our model-based fair value for CGN Meiya Power Hldg Co Ltd is HK$3.77 (as of Oct 1, 2026), built from audited fundamentals. The current price: HK$2.07.
What is the quality score of 1811?
CGN Meiya Power Hldg Co Ltd has a Quality Score of 43/100. 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 CGN Meiya Power Hldg Co Ltd (1811)?
Our model-based price target is the fair value of HK$3.77 (as of Oct 1, 2026) from 14 valuation models. Cautious scenario HK$3.45, optimistic scenario HK$4.67. It is a calculation from audited fundamentals, not an analyst target.
What is the CGN Meiya Power Hldg Co Ltd stock forecast for 2026?
Our models put fair value at HK$3.77, about +82% upside versus a price of HK$2.07 (undervalued). Cautious scenario HK$3.45, optimistic scenario HK$4.67. The calculation is refreshed regularly with new filings.
What is the revenue of CGN Meiya Power Hldg Co Ltd (1811)?
CGN Meiya Power Hldg Co Ltd reported trailing-twelve-month revenue of about $1.6B (latest available figure, as of Oct 1, 2026).
Does CGN Meiya Power Hldg Co Ltd pay a dividend?
CGN Meiya Power Hldg Co Ltd currently shows a dividend yield of about 1.11% relative to its recent price (as of Oct 1, 2026).
What is the intrinsic value of CGN Meiya Power Hldg Co Ltd (1811)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CGN Meiya Power Hldg Co Ltd it is HK$3.77 per share (as of Oct 1, 2026), against a price of HK$2.07. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is CGN Meiya Power Hldg Co Ltd stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 1811 trades below its calculated fair value: price HK$2.07, fair value HK$3.77, a gap of about +82% (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 1811?
No. The price is what the market pays today (HK$2.07); the fair value is what the company's own numbers justify (HK$3.77). For CGN Meiya Power Hldg Co Ltd the two are HK$1.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is CGN Meiya Power Hldg Co Ltd worth?
The market values CGN Meiya Power Hldg Co Ltd at about HK$8.9B (market capitalisation, as of Oct 1, 2026). Per share that is HK$2.07; our models calculate a fair value of HK$3.77 per share.
What do the bullish and bearish scenarios say about 1811?
Our models span a range for CGN Meiya Power Hldg Co Ltd: cautious scenario HK$3.45, base HK$3.77, optimistic HK$4.67 per share (as of Oct 1, 2026, price HK$2.07). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1811?
CGN Meiya Power Hldg Co Ltd trades at a price-to-earnings ratio of 4.1 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$3.77 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.7, EV/EBITDA 5.5.
How solid is the balance sheet of CGN Meiya Power Hldg Co Ltd (1811)?
Balance-sheet figures for CGN Meiya Power Hldg Co Ltd (as of Oct 1, 2026): return on equity 15.1%, debt of 2.02 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 1811 from its 52-week high?
CGN Meiya Power Hldg Co Ltd trades at HK$2.07, about 32% below its 52-week high of HK$3.06 and 7% above the low of HK$1.94 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$3.77 is for.
Which stocks are comparable to CGN Meiya Power Hldg Co Ltd?
From the same area (Utilities) we also value Constellation Energy Corporation, Vistra Corp, Adani Power Limited, CGN Power Co, 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 CGN Meiya Power Hldg Co Ltd stock attractive at the current price?
The data as of Oct 1, 2026: price HK$2.07, calculated fair value HK$3.77 (+82%), Quality Score 43/100, from 14 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 1811 calculated?
We run CGN Meiya Power Hldg Co Ltd through 14 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$3.77, 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 14.7 % above its aggregate fair value. CGN Meiya Power Hldg Co Ltd currently trades 45 % 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 CGN Meiya Power Hldg Co Ltd (1811)?
The closing price on Sep 30, 2026 was HK$2.07. Our model-based fair value is HK$3.77, about +82% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CGN Meiya Power Hldg Co Ltd right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$3.45). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of CGN Meiya Power Hldg Co Ltd (1811) come from?
Earnings per share at CGN Meiya Power Hldg Co Ltd grew +7.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.7 %, EBIT margin +7.9 %, tax rate −0.1 %, residual (interest, one-offs) −4.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of CGN Meiya Power Hldg Co Ltd

How large is the market capitalisation of CGN Meiya Power Hldg Co Ltd (1811)?
The market capitalisation of CGN Meiya Power Hldg Co Ltd is HK$8.9B (≈ $1.1B). 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 CGN Meiya Power Hldg Co Ltd (1811)?
The price-to-sales ratio of CGN Meiya Power Hldg Co Ltd is 0.67 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of CGN Meiya Power Hldg Co Ltd (1811)?
The dividend yield of CGN Meiya Power Hldg Co Ltd is 1.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CGN Meiya Power Hldg Co Ltd (1811)?
The net margin of CGN Meiya Power Hldg Co Ltd is 16.3% (fiscal year 2025). 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 CGN Meiya Power Hldg Co Ltd (1811)?
The return on equity (ROE) of CGN Meiya Power Hldg Co Ltd is 10.2% (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 CGN Meiya Power Hldg Co Ltd (1811)?
On an EBIT basis the return on assets of CGN Meiya Power Hldg Co Ltd is 6.1% (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 CGN Meiya Power Hldg Co Ltd (1811)?
The operating margin of CGN Meiya Power Hldg Co Ltd is 24.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CGN Meiya Power Hldg Co Ltd (1811)?
Revenue at CGN Meiya Power Hldg Co Ltd is growing −9.8% versus a year earlier (3y avg −11.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CGN Meiya Power Hldg Co Ltd (1811)?
Earnings per share at CGN Meiya Power Hldg Co Ltd are growing −49.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does CGN Meiya Power Hldg Co Ltd (1811) generate?
The free cash flow of CGN Meiya Power Hldg Co Ltd is −$110M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does CGN Meiya Power Hldg Co Ltd (1811) carry?
The net debt of CGN Meiya Power Hldg Co Ltd is $6.3B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch CGN Meiya Power Hldg Co Ltd in the live analysis

One click puts CGN Meiya Power Hldg Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.