Fujian Haixia Environmental Protection Group (603817) Fair Value & Analysis
Utilities · CN · Market cap 3.3B CNY
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 29 days ago
Share price +4.9% over the past month.
Below-average quality, screening 21% undervalued on our models.
What matters now
- Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (¥4.63 to ¥9.77) 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 Jul 12, 2026.
How to read this chart
60‑month range ¥4.19 – ¥9.07 · fair‑value band ¥4.63 – ¥9.77 · the ¥5.58 price screens below the ¥6.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Fujian Haixia Environmental Protection Group (603817) currently trades at ¥5.58, while our model-based Fair Value estimate is ¥6.77, implying the stock looks roughly 21.3% undervalued today. The Quality Score stands at 46/100 (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, Fujian Haixia Environmental Protection Group generated revenue of 1.4B CNY at a net margin of 16.9%. Revenue grew 5.1% year over year. It earns a return on equity of 6.7%. Net debt stands at 1.7B CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥4.63 (bear case) to ¥9.77 (bull case); at ¥5.58, 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 42% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -10% fair-value upside, at 21%, 603817 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 26 models by family
Widest divergence: Growth Earnings (¥8.85) versus Growth DCF (¥1.84). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 34
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
Fujian Haixia Environmental Protection Group Co.,Ltd. provides sewage treatment services in China. It offers urban domestic sewage treatment, industrial wastewater treatment, rural agricultural pollution treatment, and garbage leachate treatment; collection, classified, transportation, and classified treatment of the solid waste industry chain; and smart …
Full company description
Fujian Haixia Environmental Protection Group Co.,Ltd. provides sewage treatment services in China. It offers urban domestic sewage treatment, industrial wastewater treatment, rural agricultural pollution treatment, and garbage leachate treatment; collection, classified, transportation, and classified treatment of the solid waste industry chain; and smart operations, environmental monitoring, and other field services. The company is also involved in production and manufacturing of various sewage treatment equipment, sewage discharge pipelines, sewage treatment chemicals, water quality monitoring equipment and sludge treatment equipment; construction and operation of sewage treatment facilities; sewage treatment terminal market, such as reclaimed water reuse, sludge treatment and sewage discharge. The company was founded in 2002 and is headquartered in Fuzhou, China. Fujian Haixia Environmental Protection Group Co.,Ltd. operates as a subsidiary of Fuzhou Water Group Co.,Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Fujian Haixia Environmental Protection Group reported revenue of ¥1.4B in FY2025 versus ¥890M in FY2021, a compound +11.5%/yr. Reported net income was ¥212M in FY2025, compounding +9.7%/yr from FY2021.
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Peer Group
Utilities - Regulated Water · 67 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 Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| American Water Works Company AWK | $134.33 | $65.80 | -51% |
| SBSP3 SBSP3 | R$29.22 | R$31.23 | +7% |
| SBS SBS | $5.79 | $5.21 | -10% |
| Essential Utilities, Inc WTRG | $38.59 | $21.81 | -43% |
| CSMG3 CSMG3 | R$66.10 | R$60.17 | -9% |
| Grandblue Environment Co 600323 | ¥29.42 | ¥33.29 | +13% |
| American States Water Company AWR | $85.01 | $48.02 | -44% |
| Chengdu Xingrong Environment Co 000598 | ¥6.97 | ¥10.74 | +54% |
| California Water Service Group CWT | $49.73 | $33.56 | -33% |
| Chongqing Water Group 601158 | ¥4.12 | ¥2.77 | -33% |
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Frequently asked questions
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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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