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Central Plains Environment Protection Co Ltd (000544) Fair Value & Analysis

Industrials · CN · Market cap 7.2B CNY (≈ $1.1B) · ISIN CNE000000F30

What is Central Plains Environment Protection Co Ltd really worth?

CP Central Plains Environment Protection Co Ltd 000544 · SHE
Price¥7.38
Fair Value¥7.36
Upside−0.3%
Quality35/100

Below-average quality, currently priced close to our fair value of ¥7.36.

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Strengths

Solidly profitable · 19.4% net margin
Ranks above peers (11/13)

Risks

!Mixed Growth (revenue 5y +20.8 %/yr)
!High debt · negative free cash flow
!Moderate moat 51/100
!Evidence only medium, so the estimate is less certain

For context

·3.66% dividend yield
Evidence: Medium Range ¥5.24 – ¥12.18

Fair value as of: Aug 30, 2026

From 15 valuation models · updated 6 days ago

Fair value updated Aug 30, 2026, revised from ¥15.46 to ¥7.36 (−52.4%) since Aug 13, 2026. Share price −0.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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 (¥5.24 to ¥12.18) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

¥9.06 ¥4.72 Fair Value ¥7.36 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range ¥4.72 – ¥9.06 · fair‑value band ¥5.24 – ¥12.18 · the ¥7.38 price screens above the ¥7.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

Central Plains Environment Protection Co Ltd (000544) currently trades at ¥7.38, while our model-based Fair Value estimate is ¥7.36, implying the stock looks roughly 0.3% fairly valued today. The Quality Score stands at 35/100 (below-average quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ¥23.27 per share, and 13 of the 13 models we run sit above the ¥7.38 price. Bear case: the Asset-Based group reads lowest at ¥7.63, and 0 of the 13 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Central Plains Environment Protection Co Ltd generated revenue of 5.5B CNY at a net margin of 19.4%. Revenue grew 21.0% year over year. It earns a return on equity of 9.6%. Net debt stands at 21.1B CNY. Fundamentals as of Aug 30, 2026

Our scenario range runs from ¥5.24 (bear case) to ¥12.18 (bull case); at ¥7.38, 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 23% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 0%, 000544 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.5300 per share, which is 7.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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 best evidence ¥9.87 ¥10.83 ¥13.91 74
EPV ¥1.62 68
DDM Multi-Stage ¥9.21 ¥15.86 ¥19.37 65
All 15 models by family
Earnings-Based
Graham-Dodd ¥7.50 ¥40.01 ¥55.43 61
Lynch FV ¥11.04 ¥15.77 ¥20.51 59
PEG = 1.0 ¥11.04 ¥15.77 ¥20.51 55
EPV ¥1.62 68
Dividend Discount
Gordon GGM ¥9.21 ¥18.35 ¥27.79 64
DDM Multi-Stage ¥9.21 ¥15.86 ¥19.37 65
Multiples
P/E Multiple ¥17.37 ¥23.16 ¥28.96 63
P/S Multiple ¥8.53 ¥11.37 ¥14.21 58
P/B Multiple ¥14.06 ¥18.75 ¥23.44 55
EV/EBIT ¥6.34 ¥15.63 ¥24.91 61
EV/EBITDA ¥4.79 ¥13.56 ¥22.32 62
Asset-Based
NCAV (Graham) ¥5.70 ¥7.63 ¥11.39 54
Economic Profit
Residual Income best evidence ¥9.87 ¥10.83 ¥13.91 74
ROIC Compounder ¥1.62 65
Growth Earnings
Growth-Adj P/E ¥16.29 ¥23.27 ¥30.26 65

Widest divergence: Growth Earnings (¥23.27) versus Asset-Based (¥7.63). Highest evidence: Residual Income (74).

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Key figures & financial health

P/E ratio 7.0
P/S ratio 1.36 P/E × margin
EPS (TTM) ¥1.05 price ÷ EPS = P/E 7.0
Dividend yield 3.7% payout 25.7%
Net margin 19.4% FY2025
Return on equity 9.6% TTM
More key figures
Profitability
Return on assets (EBIT) 3.3% avg 5y
Operating margin 17.0% TTM
Growth
Revenue (TTM) 5.5B CNY TTM
Revenue growth (YoY) +21.0% 3y avg −11.0%
EPS growth (YoY) +497%
Balance sheet & cash flow
Free cash flow −1.9B CNY FY2025
Net debt 21.1B CNY FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 32 · Market factors (momentum, volatility) 46

Profitability 33
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 4
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 92
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Zhongyuan Environmental Protection Co., Ltd. constructs, operates, and manages environmental and public utility projects in the People's Republic of China.

Full company description

Zhongyuan Environmental Protection Co., Ltd. constructs, operates, and manages environmental and public utility projects in the People's Republic of China. It is also engaged in the urban water supply and drainage, comprehensive sewage treatment, reclaimed water utilization, and sludge treatment; heat production and supply; waste, wind, and photovoltaic power generation; resource utilization; technical research and technological development; equipment manufacturing and sales; engineering design and general contracting construction; project management, engineering consulting, and technical services; municipal infrastructure construction; ecological engineering and restoration; seedling planting; garden design; and landscaping engineering and garden activities. The company was formerly known as Central Plains Environment Protection Co.,Ltd. The company was founded in 1996 and is headquartered in Zhengzhou, the People's Republic of China. Zhongyuan Environmental Protection Co., Ltd. operates as a subsidiary of Zhengzhou Public Utilities Investment and Development Group Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Central Plains Environment Protection Co Ltd reported revenue of 5.5B CNY in FY2025 versus 6.1B CNY in FY2021, a compound −2.5%/yr. Reported net income was 1.1B CNY in FY2025, compounding +20.6%/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)
5.5B CNY
Latest YoY
+1.8%
Avg. revenue 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.
−11.0%
Avg. revenue 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.
+20.8%
Avg. revenue growth/yr (32Y) 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.
+9.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+20.4% (16.7 + 3.7)
Revenue −2.5%/yr
FY21 6.1B CNY
FY22 7.9B CNY
FY23 7.8B CNY
FY24 5.4B CNY
FY25 5.5B CNY
Net income +20.6%/yr
FY21 509M CNY
FY22 714M CNY
FY23 860M CNY
FY24 1.0B CNY
FY25 1.1B CNY
Character of growth · EPS growth decomposed (2013-2024) +27.8 % p.a.
Revenue per share +24.2 %

of which total revenue +32.4 % · buybacks/dilution −6.2 %

EBIT margin +6.2 %
Tax rate +1.6 %
Residual (interest, one-offs) −4.6 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Central Plains Environment Protection Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000544

Peer Group

Pollution & Treatment Controls · 93 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 35 · Bottom 25%
Fair Value upside 0% · Above median
Return on equity (TTM) 10% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 21% · Top 25%
Dividend yield (TTM) 3.7% · Above median
Debt / equity 2.11× · Higher than 75% of peers

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/E (TTM) 7.0× · Cheaper than 75% of peers
P/B 0.65× · Cheaper than 75% of peers
P/S (TTM) 1.30× · Cheaper than median
EV/EBITDA 11.8× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE33 · sector 0
FUTURE100 · sector 7
PAST39 · sector 18
HEALTH0 · sector 95
DIVIDEND73 · 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

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10 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

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China Conch Venture Holdings 0586 HK$8.50 HK$10.70 +26%
Mega Union Technology Inc 6944 716.00 TWD 415.06 TWD −42%
MayAir Technology (China) Co 688376 ¥71.82 ¥18.80 −74%
Jingjin Equipment Inc 603279 ¥12.41 ¥18.97 +53%

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Frequently asked questions

Is Central Plains Environment Protection Co Ltd (000544) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of ¥7.36 versus a price of ¥7.38, about −0% upside (fairly valued).
What is the fair value of 000544?
Our model-based fair value for Central Plains Environment Protection Co Ltd is ¥7.36 (as of Aug 30, 2026), built from audited fundamentals. The current price: ¥7.38.
What is the quality score of 000544?
Central Plains Environment Protection Co Ltd has a Quality Score of 35/100. 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 Central Plains Environment Protection Co Ltd (000544)?
Central Plains Environment Protection Co Ltd reported trailing-twelve-month revenue of about 5.5B CNY (latest available figure, as of Aug 30, 2026).
What is the net profit margin of 000544?
The net profit margin of Central Plains Environment Protection Co Ltd is about 19.4%, meaning it keeps roughly 19.4% of revenue as net income. Based on the latest reported figures.
Does Central Plains Environment Protection Co Ltd pay a dividend?
Central Plains Environment Protection Co Ltd currently shows a dividend yield of about 3.66% relative to its recent price (as of Aug 30, 2026).
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