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China Ground Source Energy Industry Group Ltd (8128) Fair Value & Analysis

Industrials · HK · Market cap HK$121M

CG China Ground Source Energy Industry Group Ltd 8128 · HK
PriceHK$0.0260
Fair ValueHK$0.0270
Upside+3.9%
Quality48/100
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Weak Growth
Solidly profitable · 14.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 22/100
Evidence: High Range HK$0.0244 – HK$0.0270 Share as image

Fair value as of: Aug 13, 2026

From 18 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.0254 to HK$0.0270 (+6.1%) since Aug 6, 2026.

Below-average quality, 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.
  • The models converge in a tight band (HK$0.0244 to HK$0.0270), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

HK$0.1040 HK$0.0210 Fair Value HK$0.0270 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$0.0210 – HK$0.1040 · fair‑value band HK$0.0244 – HK$0.0270 · the HK$0.0260 price screens below the HK$0.0270 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

China Ground Source Energy Industry Group Ltd (8128) currently trades at HK$0.0260, while our model-based Fair Value estimate is HK$0.0270, implying the stock looks roughly 3.9% fairly valued today. The Quality Score stands at 48/100 (below-average 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, China Ground Source Energy Industry Group Ltd generated revenue of HK$47.8M at a net margin of 14.9%. Revenue declined 59.7% year over year. It earns a return on equity of 2.1%. Net debt stands at HK$13.9M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0244 (bear case) to HK$0.0270 (bull case); at HK$0.0260, 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 53% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 4%, 8128 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$0.0100 HK$0.0100 HK$0.0100 80
Residual Income HK$0.0400 HK$0.0400 HK$0.0300 76
Rev-Margin DCF HK$0.0100 HK$0.0100 HK$0.0200 74
All 18 models by family
DCF Models
FCF DCF HK$0.0100 HK$0.0100 HK$0.0200 38
Owner Earnings HK$0.0300 HK$0.0400 HK$0.0500 31
5Y Revenue Exit HK$0.0100 HK$0.0100 HK$0.0200 39
5Y P/E Exit HK$0.0200 HK$0.0300 HK$0.0400 38
10Y Revenue Exit HK$0.0100 HK$0.0100 HK$0.0100 36
10Y P/E Exit HK$0.0200 HK$0.0200 HK$0.0300 35
Earnings-Based
Graham-Dodd HK$0.0100 HK$0.0100 HK$0.0100 54
Dividend Discount
Gordon GGM HK$0.0200 HK$0.0200 HK$0.0300 70
DDM Multi-Stage HK$0.0200 HK$0.0300 HK$0.0300 61
Multiples
P/E Multiple HK$0.0200 HK$0.0300 HK$0.0400 63
P/S Multiple HK$0.0200 HK$0.0200 HK$0.0300 58
P/B Multiple HK$0.0200 HK$0.0300 HK$0.0300 55
EV/Revenue HK$0.0100 HK$0.0200 HK$0.0200 43
Asset-Based
NCAV (Graham) HK$0.0300 HK$0.0400 HK$0.0600 50
Growth DCF
Growth DCF HK$0.0100 HK$0.0100 HK$0.0100 80
Rev-Margin DCF HK$0.0100 HK$0.0100 HK$0.0200 74
Economic Profit
Residual Income HK$0.0400 HK$0.0400 HK$0.0300 76
Growth Earnings
Growth-Adj P/E HK$0.0200 HK$0.0300 HK$0.0300 68

Widest divergence: Asset-Based (HK$0.0400) versus DCF Models (HK$0.0100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$47.8M
Revenue growth (YoY) -59.7%
Net margin 14.9%
Return on equity 2.1%
Free cash flow HK$1.7M FY2025
Operating margin -56.7%
More key figures
EPS growth (YoY) -70.0%
Net debt HK$13.9M FY2025

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 45 · Market factors (momentum, volatility) 21

Profitability 23
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 4
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 84
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

CHYY Development Group Limited, an investment holding company, engages in the research, development, and promotion of geothermal energy as alternative energy for building's heating applications in the People's Republic of China.

Full company description

CHYY Development Group Limited, an investment holding company, engages in the research, development, and promotion of geothermal energy as alternative energy for building's heating applications in the People's Republic of China. The company operates through four segments: Shallow Geothermal Energy, Air Conditioning/Shallow Geothermal Heat Pump, Property Investment and Development, and Securities Investment and Trading. The company is also involved in the planning and design, supply of renewable energy, intelligent manufacturing, engineering construction, and operation and maintenance; trading of air conditioning/shallow geothermal heat pump products; investment in properties; and trading securities and other types of investments. In addition, it provides sinking wells; property management; technical support services; and installs energy systems, as well as produces and sells geothermal energy systems. The company was formerly known as China Geothermal Industry Development Group Limited and changed its name to CHYY Development Group Limited in August 2022. CHYY Development Group Limited was incorporated in 2000 and is headquartered in Central, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Ground Source Energy Industry Group Ltd reported revenue of HK$47.8M in FY2025 versus HK$177M in FY2021, a compound −27.9%/yr. Reported net income was HK$7.1M in FY2025.

Growth Quality 31/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$47.8M
Latest YoY
−31.3%
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.
−26.3%
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.
−27.0%
Avg. growth/yr (21Y) 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.
−4.0%
Revenue −27.9%/yr
FY21 HK$177M
FY22 HK$119M
FY23 HK$67.9M
FY24 HK$69.6M
FY25 HK$47.8M
Net income
FY21 −HK$97.3M
FY22 −HK$134M
FY23 HK$9.5M
FY24 HK$10.8M
FY25 HK$7.1M

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Cite: Fair Value Calculator (2026). "China Ground Source Energy Industry Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8128

Peer Group

Engineering & Construction · 837 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 48 · Below median
Fair Value upside +15% · Above median
Return on equity (TTM) 2% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) -57% · Bottom 25%
Revenue growth -60% · Bottom 25%
Dividend yield (TTM) 12.0% · Top 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.32× · Cheaper than median
P/FCF 9.0× · 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 54 · sector 14
FUTURE 0 · sector 15
PAST 9 · sector 26
HEALTH 100 · sector 94
DIVIDEND 100 · sector 43

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is China Ground Source Energy Industry Group Ltd (8128) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.0270 versus a price of HK$0.0260, about +4% (fairly valued).
What is the fair value of 8128?
Our model-based fair value for China Ground Source Energy Industry Group Ltd is HK$0.0270 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0260.
What is the quality score of 8128?
China Ground Source Energy Industry Group Ltd has a Quality Score of 48/100. 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 China Ground Source Energy Industry Group Ltd (8128)?
China Ground Source Energy Industry Group Ltd reported trailing-twelve-month revenue of about HK$47.8M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8128?
The net profit margin of China Ground Source Energy Industry Group Ltd is about 14.9%, meaning it keeps roughly 14.9% 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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