Kunming Dianchi Water Treatment Co Ltd (3768) Fair Value & Analysis
Utilities · HK · Market cap HK$489M
Fair value as of: Aug 13, 2026
From 15 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from HK$0.7114 to HK$0.6999 (−1.6%) since Jul 7, 2026. Share price +6.4% over the past month.
Below-average quality, screening 40% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
- A fairly wide model range (HK$0.4460 to HK$0.8517) leaves room in how you read the outcome.
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$0.4600 – HK$1.83 · fair‑value band HK$0.4460 – HK$0.8517 · the HK$0.5000 price screens below the HK$0.6999 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Kunming Dianchi Water Treatment Co Ltd (3768) currently trades at HK$0.5000, while our model-based Fair Value estimate is HK$0.6999, implying the stock looks roughly 40.0% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Utilities 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, Kunming Dianchi Water Treatment Co Ltd generated revenue of HK$1.5B at a net margin of 13.3%. Revenue declined 5.5% year over year. It earns a return on equity of 3.7%. Net debt stands at HK$5.2B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.4460 (bear case) to HK$0.8517 (bull case); at HK$0.5000, the current price sits within 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 44% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at 12% fair-value upside, at 40%, 3768 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.
All 15 models by family
Widest divergence: Asset-Based (HK$3.53) versus Dividend Discount (HK$0.8400). Highest evidence: Residual Income (76).
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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 35 · Market factors (momentum, volatility) 25
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
Kunming Dianchi Water Treatment Co., Ltd., together with its subsidiaries, provides wastewater treatment and water supply services in the People's Republic of China. It operates through Wastewater Treatment, Water Supply, and Others segments.
Full company description
Kunming Dianchi Water Treatment Co., Ltd., together with its subsidiaries, provides wastewater treatment and water supply services in the People's Republic of China. It operates through Wastewater Treatment, Water Supply, and Others segments. The company offers wastewater treatment services, water supply services, management services, thermal production, transportation services, and construction services. It is also involved in reclaimed water supply and running water supply projects. The company was founded in 1989 and is headquartered in Kunming, the People's Republic of China. Kunming Dianchi Water Treatment Co., Ltd. operates as a subsidiary of Kunming Dianchi Investment Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kunming Dianchi Water Treatment Co Ltd reported revenue of HK$1.5B in FY2025 versus HK$2.3B in FY2021, a compound −10.6%/yr. Reported net income was HK$196M in FY2025, compounding −12.7%/yr from FY2021.
of which total revenue +7.8 pp · buybacks/dilution −2.6 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).
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Peer Group
Utilities - Regulated Water · 68 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 - Regulated Water 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.
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 - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| American Water Works Company AWK | $134.92 | $65.80 | -51% |
| SBSP3 SBSP3 | R$26.12 | R$31.23 | +20% |
| SBS SBS | $5.10 | $8.12 | +59% |
| Essential Utilities, Inc WTRG | $40.08 | $21.81 | -46% |
| Guangdong Investment Limited 0270 | HK$8.15 | HK$12.82 | +57% |
| CSMG3 CSMG3 | R$60.57 | R$60.17 | -1% |
| Grandblue Environment Co 600323 | ¥29.61 | ¥33.29 | +12% |
| American States Water Company AWR | $87.54 | $47.94 | -45% |
| Chengdu Xingrong Environment Co 000598 | ¥7.14 | ¥9.09 | +27% |
| California Water Service Group CWT | $49.98 | $33.56 | -33% |
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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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