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Guangdong Liantai Environmental Protection Co (603797) Fair Value & Analysis

Industrials · CN · Market cap 2.4B CNY

GL Guangdong Liantai Environmental Protection Co 603797 · SHG
Price¥4.59
Fair Value¥4.69
Upside+2.2%
Quality59/100
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Mixed Growth
Solidly profitable · 12.0% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (7/14)
Moderate moat 54/100
Evidence: High Range ¥3.52 – ¥5.44 Share as image

Fair value as of: Jul 24, 2026

From 25 valuation models · updated 17 days ago

Share price +18.0% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥3.52 (bear) to ¥5.44 (bull), base ¥4.69. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥7.81 ¥3.02 Fair Value ¥4.69 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range ¥3.02 – ¥7.81 · fair‑value band ¥3.52 – ¥5.44 · the ¥4.59 price screens below the ¥4.69 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Guangdong Liantai Environmental Protection Co (603797) currently trades at ¥4.59, while our model-based Fair Value estimate is ¥4.69, implying the stock looks roughly 2.2% fairly valued today. The Quality Score stands at 59/100 (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, Guangdong Liantai Environmental Protection Co generated revenue of 1.0B CNY at a net margin of 12.0%. Revenue grew 1.2% year over year. It earns a return on equity of 3.7%. Net debt stands at 4.6B CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥3.52 (bear case) to ¥5.44 (bull case); at ¥4.59, 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 14% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -40% fair-value upside, at 2%, 603797 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 ¥0.6900 ¥6.01 ¥14.32 80
Residual Income ¥4.24 ¥4.23 ¥3.79 76
Rev-Margin DCF ¥1.15 74
All 25 models by family
DCF Models
FCF DCF ¥0.7100 ¥6.42 ¥15.61 38
Owner Earnings ¥2.02 ¥8.33 31
5Y Revenue Exit ¥0.9300 39
5Y EBITDA Exit ¥2.69 ¥10.62 ¥20.37 41
5Y P/E Exit ¥2.70 38
10Y Revenue Exit ¥0.1600 ¥3.11 36
10Y EBITDA Exit ¥1.89 ¥8.65 ¥18.56 37
10Y P/E Exit ¥1.11 ¥4.52 35
Earnings-Based
Graham-Dodd ¥1.52 ¥6.32 ¥8.62 54
Lynch FV ¥1.60 ¥2.28 ¥2.97 50
PEG = 1.0 ¥1.60 ¥2.28 ¥2.97 46
EPV ¥0.4800 ¥1.76 ¥2.86 59
Dividend Discount
Gordon GGM ¥4.01 ¥8.00 ¥12.11 70
DDM Multi-Stage ¥4.01 ¥6.91 ¥8.44 61
Multiples
P/E Multiple ¥3.52 ¥4.69 ¥5.86 63
P/S Multiple ¥2.66 ¥3.54 ¥4.43 58
P/B Multiple ¥2.85 ¥3.79 ¥4.74 55
EV/EBIT ¥5.00 ¥9.20 ¥13.40 53
EV/EBITDA ¥4.85 ¥9.00 ¥13.16 54
Asset-Based
NCAV (Graham) ¥2.86 ¥3.84 ¥5.73 50
Growth DCF
Growth DCF ¥0.6900 ¥6.01 ¥14.32 80
Rev-Margin DCF ¥1.15 74
Economic Profit
Residual Income ¥4.24 ¥4.23 ¥3.79 76
ROIC Compounder ¥0.4800 ¥1.76 ¥2.86 72
Growth Earnings
Growth-Adj P/E ¥2.73 ¥3.90 ¥5.07 68

Widest divergence: Dividend Discount (¥6.91) versus Economic Profit (¥1.76). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0B CNY
Revenue growth (YoY) +1.2%
Net margin 12.0%
Return on equity 3.7%
Free cash flow 407M CNY FY2025
P/E ratio 20.0
More key figures
Operating margin 55.1%
EPS (TTM) ¥0.2100
EPS growth (YoY) -11.1%
Net debt 4.6B CNY FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 56 · Market factors (momentum, volatility) 48

Profitability 24
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 91
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

Guangdong Liantai Environmental Protection Co.,Ltd. offers environmental products and services in China. The company engages in the investment, construction, and operation management of urban and rural sewage treatment facilities; provision of technical services for sewage treatment; black and odorous water remediation and ecological project investment; and …

Full company description

Guangdong Liantai Environmental Protection Co.,Ltd. offers environmental products and services in China. The company engages in the investment, construction, and operation management of urban and rural sewage treatment facilities; provision of technical services for sewage treatment; black and odorous water remediation and ecological project investment; and soil restoration, heavy metal pollution and other environmental treatment, ecological restoration and environmental protection project investment, construction, and operation management. It also operates drainage pipe networks, pumping stations, and other sewage facilities. The company was founded in 2005 and is based in Shantou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangdong Liantai Environmental Protection Co reported revenue of ¥1.0B in FY2025 versus ¥785M in FY2021, a compound +6.8%/yr. Reported net income was ¥129M in FY2025, compounding −19.3%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.0B CNY
Latest YoY
−1.8%
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.
−10.7%
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.
+11.1%
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.
+12.7%
Revenue +6.8%/yr
FY21 ¥785M
FY22 ¥1.4B
FY23 ¥1.4B
FY24 ¥1.0B
FY25 ¥1.0B
Net income −19.3%/yr
FY21 ¥303M
FY22 ¥277M
FY23 ¥223M
FY24 ¥180M
FY25 ¥129M
Character of growth · EPS growth decomposed (2013-2024) +10.6 % p.a.
Revenue per share +13.5 pp

of which total revenue +21.8 pp · buybacks/dilution −8.3 pp

EBIT margin −4.1 pp
Tax rate +0.3 pp
Residual (interest, one-offs) +0.9 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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Cite: Fair Value Calculator (2026). "Guangdong Liantai Environmental Protection Co Fair Value". https://www.fairvalue-calculator.com/stock/603797

Peer Group

Waste Management · 166 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 59 · Top 25%
Fair Value upside +2% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 4% · Above median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 55% · Top 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.36× · Higher than 75% of peers

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 20.0× · Pricier than median
P/B 0.73× · Cheaper than median
P/S (TTM) 2.36× · Pricier than median
P/FCF 0.9× · Cheaper than median
EV/EBITDA 9.3× · Pricier than median

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 36 · sector 8
FUTURE 6 · sector 22
PAST 15 · sector 25
HEALTH 32 · sector 81
DIVIDEND 0 · sector 30

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 Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥16.18 ¥20.91 +29%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

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Frequently asked questions

Is Guangdong Liantai Environmental Protection Co (603797) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of ¥4.69 versus a price of ¥4.59, about +2% (fairly valued).
What is the fair value of 603797?
Our model-based fair value for Guangdong Liantai Environmental Protection Co is ¥4.69 (as of Jul 24, 2026), built from audited fundamentals. The current price is ¥4.59.
What is the quality score of 603797?
Guangdong Liantai Environmental Protection Co has a Quality Score of 59/100. 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 Guangdong Liantai Environmental Protection Co (603797)?
Guangdong Liantai Environmental Protection Co reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 603797?
The net profit margin of Guangdong Liantai Environmental Protection Co is about 12.0%, meaning it keeps roughly 12.0% 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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