ZHENENG JINJIANG ENV HLDG CO (BWM) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of ZHENENG JINJIANG ENV HLDG CO S$0.65, price S$0.68, upside -4.4%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Zheneng Jinjiang Environment Holding Company Limited engages in the generation and sale of electricity and steam in the People's Republic of China. The company operates through Waste-To-Energy Project Construction and Operation; and Project Technical and Management Service, Equipment Selection and Sale, and EMC Business segments.
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Zheneng Jinjiang Environment Holding Company Limited engages in the generation and sale of electricity and steam in the People's Republic of China. The company operates through Waste-To-Energy Project Construction and Operation; and Project Technical and Management Service, Equipment Selection and Sale, and EMC Business segments. It is involved in the operation of waste-to-energy plants; project management, technical consulting, and advisory services and energy management, as well as contracting business; and construction services under service concession arrangement. As of December 31, 2023, it operated 28 waste-to-energy facilities, 5 kitchen waste treatment facilities, and 8 waste resource recycling facilities in the People's Republic of China with a total installed waste treatment capacity of 57,455 tons/day; and a total installed capacity of 1,201 MW. The company was formerly known as China Jinjiang Environment Holding Company Limited and changed its name to Zheneng Jinjiang Environment Holding Company Limited in November 2019. Zheneng Jinjiang Environment Holding Company Limited was founded in 1998 and is based in Hangzhou, the People's Republic of China.
Stock analysis
ZHENENG JINJIANG ENV HLDG CO (BWM) currently trades at 0.6800 SGD, while our model-based Fair Value estimate is 0.6500 SGD, so the stock looks roughly fairly valued today (gap 4.6%).
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Valuation
Bull case: the Multiples group reads highest at a median of 1.63 SGD per share, and 10 of the 19 models we run sit above the 0.6800 SGD price.
Bear case: the Growth DCF group reads lowest at 0.1500 SGD, and 9 of the 19 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.5600 SGD (bear) to 0.8300 SGD (bull), the price of 0.6800 SGD sits inside 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 50/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
ZHENENG JINJIANG ENV HLDG CO reported revenue of 3.8B CNY in FY2025 versus 4.1B CNY in FY2021, a compound −1.7%/yr. Reported net income was 725M CNY in FY2025, compounding +13.4%/yr from FY2021.
Key figures
Market cap 975M SGD (≈ $761M) · P/E ratio 6.8 · P/S ratio 1.30 · EPS (TTM) 0.1000 SGD · Net margin 19.1% · Return on equity 9.3% · Return on assets (EBIT) 4.9% · Operating margin 28.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 71% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at −4%, BWM screens cheaper than that median.
Fair Value models
Bear 0.5600 SGDFair Value 0.6500 SGDBull 0.8300 SGD
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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+1.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.5%
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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. Basis: EBIT basis.
≈ +22.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.5%
Dividend (yield on the price)0.0%
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.16% → 34%
⚠ Rate on operating basis: 2025 sits 126% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+48.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +46.2% a year for the price.
Compare ZHENENG JINJIANG ENV HLDG CO with another stock
Price, fair value, quality and upside side by side.
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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 - Renewable · 194 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Above median
Fair Value upside−4.4% · Above median
Profitability
Return on equity (TTM)9.3% · Top 25%
Return on assets3.0% · Above median
Net margin (TTM)19.2% · Top 25%
Operating margin (TTM)28.6% · Above median
Growth and dividend
Revenue growth2.3% · Above median
Dividend yield (TTM)35.6% · Top 25%
Balance sheet
Debt / equity0.95× · Above median
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
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Cite: Fair Value Calculator (2026). "ZHENENG JINJIANG ENV HLDG CO Fair Value". https://www.fairvalue-calculator.com/stock/BWM
Frequently asked questions
Is ZHENENG JINJIANG ENV HLDG CO (BWM) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.6500 SGD versus a price of 0.6800 SGD, about −4% upside (fairly valued).
What is the fair value of BWM?
Our model-based fair value for ZHENENG JINJIANG ENV HLDG CO is 0.6500 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.6800 SGD.
What is the quality score of BWM?
ZHENENG JINJIANG ENV HLDG CO has a Quality Score of 50/100. 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 ZHENENG JINJIANG ENV HLDG CO (BWM)?
Our model-based price target is the fair value of 0.6500 SGD (as of Sep 27, 2026) from 20 valuation models. Cautious scenario 0.5600 SGD, optimistic scenario 0.8300 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the ZHENENG JINJIANG ENV HLDG CO stock forecast for 2026?
Our models put fair value at 0.6500 SGD, about −4% upside versus a price of 0.6800 SGD (fairly valued). Cautious scenario 0.5600 SGD, optimistic scenario 0.8300 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of ZHENENG JINJIANG ENV HLDG CO (BWM)?
ZHENENG JINJIANG ENV HLDG CO reported trailing-twelve-month revenue of about 3.8B CNY (latest available figure, as of Sep 27, 2026).
What growth is priced into ZHENENG JINJIANG ENV HLDG CO (BWM)?
For today's price to be fair in a discounted-cash-flow model, ZHENENG JINJIANG ENV HLDG CO would have to grow free cash flow by +48.7 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.2 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of BWM use?
Our models discount ZHENENG JINJIANG ENV HLDG CO at 9.6 %: a base by market capitalisation (small), damped by beta 0.03, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ZHENENG JINJIANG ENV HLDG CO that is +48.7 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has ZHENENG JINJIANG ENV HLDG CO (BWM) delivered so far?
Over the past 5 years revenue at ZHENENG JINJIANG ENV HLDG CO grew +4.2 % a year. The price currently implies +48.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ZHENENG JINJIANG ENV HLDG CO (BWM) growing?
The median revenue growth in the sector is +3.2 % a year. That is the yardstick for the growth priced into ZHENENG JINJIANG ENV HLDG CO (+48.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ZHENENG JINJIANG ENV HLDG CO (BWM)?
The free-cash-flow yield on the price is 2.29 %: that much free cash flow ZHENENG JINJIANG ENV HLDG CO produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ZHENENG JINJIANG ENV HLDG CO (BWM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ZHENENG JINJIANG ENV HLDG CO it is 0.6500 SGD per share (as of Sep 27, 2026), against a price of 0.6800 SGD. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is ZHENENG JINJIANG ENV HLDG CO stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BWM trades above its calculated fair value: price 0.6800 SGD, fair value 0.6500 SGD, a gap of about −4% (fairly valued). 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 BWM?
No. The price is what the market pays today (0.6800 SGD); the fair value is what the company's own numbers justify (0.6500 SGD). For ZHENENG JINJIANG ENV HLDG CO the two are 0.0300 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is ZHENENG JINJIANG ENV HLDG CO worth?
The market values ZHENENG JINJIANG ENV HLDG CO at about 975M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.6800 SGD; our models calculate a fair value of 0.6500 SGD per share.
What do the bullish and bearish scenarios say about BWM?
Our models span a range for ZHENENG JINJIANG ENV HLDG CO: cautious scenario 0.5600 SGD, base 0.6500 SGD, optimistic 0.8300 SGD per share (as of Sep 27, 2026, price 0.6800 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BWM?
ZHENENG JINJIANG ENV HLDG CO trades at a price-to-earnings ratio of 6.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.6500 SGD is built from several models across several years. Other multiples: P/B 0.6, P/S 1.3, EV/EBITDA 6.3.
How solid is the balance sheet of ZHENENG JINJIANG ENV HLDG CO (BWM)?
Balance-sheet figures for ZHENENG JINJIANG ENV HLDG CO (as of Sep 27, 2026): return on equity 9.3%, debt of 0.95 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is BWM from its 52-week high?
ZHENENG JINJIANG ENV HLDG CO trades at 0.6800 SGD, at its 52-week high of 0.6800 SGD and 71% above the low of 0.3983 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.6500 SGD is for.
Which stocks are comparable to ZHENENG JINJIANG ENV HLDG CO?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Fortum Oyj, 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 ZHENENG JINJIANG ENV HLDG CO stock attractive at the current price?
The data as of Sep 27, 2026: price 0.6800 SGD, calculated fair value 0.6500 SGD (−4%), Quality Score 50/100, from 20 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 BWM calculated?
We run ZHENENG JINJIANG ENV HLDG CO through 20 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 0.6500 SGD, 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 14.5 % above its aggregate fair value. ZHENENG JINJIANG ENV HLDG CO itself currently trades above fair value. 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 ZHENENG JINJIANG ENV HLDG CO (BWM)?
The closing price on Oct 1, 2026 was 0.6800 SGD. Our model-based fair value is 0.6500 SGD, about −4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ZHENENG JINJIANG ENV HLDG CO right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ZHENENG JINJIANG ENV HLDG CO
How large is the market capitalisation of ZHENENG JINJIANG ENV HLDG CO (BWM)?
The market capitalisation of ZHENENG JINJIANG ENV HLDG CO is 975M SGD (≈ $761M). 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 ZHENENG JINJIANG ENV HLDG CO (BWM)?
The price-to-sales ratio of ZHENENG JINJIANG ENV HLDG CO is 1.30 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ZHENENG JINJIANG ENV HLDG CO (BWM)?
Earnings per share at ZHENENG JINJIANG ENV HLDG CO are 0.1000 SGD (price ÷ EPS = P/E 6.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ZHENENG JINJIANG ENV HLDG CO (BWM)?
The net margin of ZHENENG JINJIANG ENV HLDG CO is 19.1% (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 ZHENENG JINJIANG ENV HLDG CO (BWM)?
The return on equity (ROE) of ZHENENG JINJIANG ENV HLDG CO is 9.3% (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 ZHENENG JINJIANG ENV HLDG CO (BWM)?
On an EBIT basis the return on assets of ZHENENG JINJIANG ENV HLDG CO is 4.9% (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 ZHENENG JINJIANG ENV HLDG CO (BWM)?
The operating margin of ZHENENG JINJIANG ENV HLDG CO is 28.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ZHENENG JINJIANG ENV HLDG CO (BWM)?
Revenue at ZHENENG JINJIANG ENV HLDG CO is growing +2.3% versus a year earlier (3y avg −2.4%). 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 ZHENENG JINJIANG ENV HLDG CO (BWM)?
Earnings per share at ZHENENG JINJIANG ENV HLDG CO are growing −3.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ZHENENG JINJIANG ENV HLDG CO (BWM) carry?
The net debt of ZHENENG JINJIANG ENV HLDG CO is 11.7B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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