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Energy World Corporation (EWC) Fair Value & Analysis

Utilities · AU · Market cap A$216M

EW Energy World Corporation EWC · AU
PriceA$0.0650
Fair ValueA$0.0694
Upside+6.8%
Quality38/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (4/11)
Narrow moat 10/100
Evidence: High Range A$0.0442 – A$0.1143 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from A$0.0654 to A$0.0694 (+6.2%) since Jul 18, 2026. Share price +10.2% over the past month.

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.
  • A fairly wide model range (A$0.0442 to A$0.1143) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

A$0.1360 A$0.0080 Fair Value A$0.0694 Aug 2020 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 A$0.0080 – A$0.1360 · fair‑value band A$0.0442 – A$0.1143 · the A$0.0650 price screens below the A$0.0694 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Energy World Corporation (EWC) currently trades at A$0.0650, while our model-based Fair Value estimate is A$0.0694, implying the stock looks roughly 6.8% fairly valued today. The Quality Score stands at 38/100 (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.

Trailing-twelve-month revenue stands at A$12.4M. Revenue grew 62.8% year over year. It earns a return on equity of -4.2%. Net debt stands at A$422M. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$0.0442 (bear case) to A$0.1143 (bull case); at A$0.0650, 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 33% below its 52-week high and 282% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -55% fair-value upside, at 7%, EWC 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
Residual Income A$0.4000 A$0.8900 A$32.36 76
ROIC Compounder A$0.0100 A$0.0100 A$0.0100 72
Gordon GGM A$0.0100 A$0.0100 70
All 17 models by family
DCF Models
Owner Earnings A$0.8000 A$1.20 A$1.76 31
Earnings-Based
Graham-Dodd A$0.6100 A$2.49 A$3.38 54
Lynch FV A$0.6200 A$0.8900 A$1.16 50
PEG = 1.0 A$0.6200 A$0.8900 A$1.16 46
EPV A$0.0100 A$0.0100 A$0.0100 59
Dividend Discount
Gordon GGM A$0.0100 A$0.0100 70
DDM Multi-Stage A$0.0100 A$0.0100 61
Multiples
P/E Multiple A$1.21 A$1.62 A$2.02 63
P/S Multiple A$0.0100 A$0.0100 A$0.0100 58
P/B Multiple A$0.1000 A$0.1300 A$0.1600 55
EV/EBIT A$0.0300 A$0.0400 A$0.0400 53
EV/EBITDA A$0.0200 A$0.0300 A$0.0300 54
EV/Revenue A$0.0100 A$0.0100 A$0.0200 43
Asset-Based
NCAV (Graham) A$0.0400 A$0.0500 A$0.0700 50
Economic Profit
Residual Income A$0.4000 A$0.8900 A$32.36 76
ROIC Compounder A$0.0100 A$0.0100 A$0.0100 72
Growth Earnings
Growth-Adj P/E A$0.9900 A$1.41 A$1.84 68

Widest divergence: Growth Earnings (A$1.41) versus Dividend Discount (A$0.0100). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$12.4M
Revenue growth (YoY) +62.8%
Return on equity -4.2%
Free cash flow −A$34.7M FY2025
EPS (TTM) A$-0.0100
EPS growth (YoY) +290%
More key figures
Net debt A$422M FY2025

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 39 · Market factors (momentum, volatility) 65

Profitability 61
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 52
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

Energy World Corporation Ltd, an independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region. The company owns and operates a 650 MW combined cycle gas fired power plant in the Philippines; and a 315 MW power plant in Sengkang, Indonesia.

Full company description

Energy World Corporation Ltd, an independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region. The company owns and operates a 650 MW combined cycle gas fired power plant in the Philippines; and a 315 MW power plant in Sengkang, Indonesia. It also develops liquefied natural gas (LNG) projects; and develops and owns LNG hub terminals. The company was formerly known as Conversion Technology and changed its name to Energy World Corporation Ltd in 2001. Energy World Corporation Ltd was incorporated in 1985 and is based in Sheung Wan, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Energy World Corporation reported revenue of A$12.4M in FY2025 versus A$149M in FY2021, a compound −46.3%/yr. Reported net income was A$346M in FY2025, compounding +406.7%/yr from FY2021.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$12.4M
Latest YoY
−49.9%
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.
−56.0%
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.
−40.4%
Avg. growth/yr (36Y) 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.
+2.1%
Revenue −46.3%/yr
FY21 A$149M
FY22 A$146M
FY23 A$34.9M
FY24 A$24.8M
FY25 A$12.4M
Net income +406.7%/yr
FY21 A$525K
FY22 A$8.9M
FY23 −A$50.5M
FY24 −A$802M
FY25 A$346M

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Cite: Fair Value Calculator (2026). "Energy World Corporation Fair Value". https://www.fairvalue-calculator.com/stock/EWC

Peer Group

Utilities - Independent Power Producers · 78 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 38 · Bottom 25%
Fair Value upside +8% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 63% · Top 25%

Valuation Multiples vs Utilities - Independent Power Producers median · lower = cheaper

P/B 0.55× · Cheaper than 75% of peers
P/S (TTM) 12.31× · Pricier than 75% of peers
PEG 18.91× · Pricier than 75% of peers

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 44 · sector 21
FUTURE 100 · sector 0
PAST 0 · sector 30
HEALTH 100 · sector 70
DIVIDEND 0 · sector 52

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 Utilities - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Constellation Energy Corporation CEG $278.68 $88.09 -68%
Vistra Corp VST $146.68 $50.39 -66%
Adani Power Limited ADANIPOWER ₹206.10 ₹75.57 -63%
CGN Power Co 003816 ¥3.93 ¥2.79 -29%
NRG Energy, Inc NRG $120.66 $53.91 -55%
Gulf Development Public Company GULF 65.00 THB 39.25 THB -40%
Adani Energy Solutions Limited ADANIENSOL ₹1,583 ₹342.02 -78%
Talen Energy Corporation TLN $365.07 $43.55 -88%
Datang International Power Generation Co 601991 ¥6.29 ¥4.95 -21%
Power Assets Holdings 0006 HK$57.30 HK$30.76 -46%

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Frequently asked questions

Is Energy World Corporation (EWC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$0.0694 versus a price of A$0.0650, about +7% (fairly valued).
What is the fair value of EWC?
Our model-based fair value for Energy World Corporation is A$0.0694 (as of Aug 13, 2026), built from audited fundamentals. The current price is A$0.0650.
What is the quality score of EWC?
Energy World Corporation has a Quality Score of 38/100. 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 Energy World Corporation (EWC)?
Energy World Corporation reported trailing-twelve-month revenue of about A$12.4M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of EWC?
The net profit margin of Energy World Corporation is about 0.0%, meaning it keeps roughly 0.0% 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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