China Resources Power Holding (0836) Fair Value & Analysis
Utilities · HK · Market cap HK$87.6B (≈ $11.2B) · ISIN HK0836012952
What is China Resources Power Holding really worth?
Below-average quality, trading 49% below our fair value of HK$36.45.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 14 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from HK$38.70 to HK$36.45 (−5.8%) since Aug 5, 2026. Share price −1.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (HK$27.33). The market is more pessimistic than our downside scenario.
- A fairly wide model range (HK$27.33 to HK$53.58) 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 Aug 13, 2026.
How to read this chart
60‑month range HK$7.37 – HK$22.81 · fair‑value band HK$27.33 – HK$53.58 · the HK$18.68 price screens below the HK$36.45 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
China Resources Power Holding (0836) currently trades at HK$18.68, while our model-based Fair Value estimate is HK$36.45, implying the stock looks roughly 48.8% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of HK$40.83 per share, and 11 of the 14 models we run sit above the HK$18.68 price. Bear case: the Economic Profit group reads lowest at HK$10.87, and 3 of the 14 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, China Resources Power Holding generated revenue of HK$102B at a net margin of 14.2%. Revenue declined 4.5% year over year. It earns a return on equity of 12.8%. Net debt stands at HK$212B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$27.33 (bear case) to HK$53.58 (bull case); at HK$18.68, the current price sits below 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 13% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −51% fair-value upside, at 95%, 0836 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 HK$0.3201 per share, which is 0.9 % 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.
All 14 models by family
Widest divergence: Growth Earnings (HK$40.83) versus Economic Profit (HK$10.87). Highest evidence: EPV (70).
Notify me when 0836 reaches fair value
Put 0836 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 56
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
China Resources Power Holdings Company Limited, an investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People's Republic of China. The company operates in two segments, Thermal Power and Renewable Energy.
Full company description
China Resources Power Holdings Company Limited, an investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People's Republic of China. The company operates in two segments, Thermal Power and Renewable Energy. It operates and manages coal- and gas-fired power plants, wind farms, photovoltaic power plants, hydro-electric power plants, and other clean and renewable energy projects. As of December 31, 2025, the company had 50 coal-fired power plants, 221 wind farms, 221 photovoltaic power plants, 20 hydroelectric plants, and 6 gas-fired plants with total attributable grid-connected installed capacity was 89,647MW. It is also involved in the distribution of energy, power sale, smart energy, coal mining, and other areas. The company was incorporated in 2001 and is based in Wan Chai, Hong Kong. China Resources Power Holdings Company Limited operates as a subsidiary of CRH (Power) Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Resources Power Holding reported revenue of HK$102B in FY2025 versus HK$90.4B in FY2021, a compound +3.1%/yr. Reported net income was HK$14.8B in FY2025, compounding +62.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
of which total revenue +4.5 % · buybacks/dilution −0.4 %
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).
Watch 0836: get an alert when its fair value changes →
Peer Group
Utilities - Independent Power Producers · 77 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 - Independent Power Producers median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 | $285.05 | $88.09 | −69% |
| Vistra Corp VST | $144.22 | $50.39 | −65% |
| Adani Power Limited ADANIPOWER | ₹206.10 | ₹75.57 | −63% |
| CGN Power Co 003816 | ¥4.33 | ¥3.62 | −16% |
| Gulf Development Public Company GULF | 63.25 THB | 39.25 THB | −38% |
| NRG Energy, Inc NRG | $109.51 | $53.91 | −51% |
| 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 | ¥5.89 | ¥4.95 | −16% |
| Huaneng Power International, Inc 600011 | ¥6.92 | ¥9.14 | +32% |
Compare China Resources Power Holding with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Utilities stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is China Resources Power Holding (0836) overvalued or undervalued?
What is the fair value of 0836?
What is the quality score of 0836?
What is the revenue of China Resources Power Holding (0836)?
What is the net profit margin of 0836?
Does China Resources Power Holding pay a dividend?
Watch China Resources Power Holding in the live analysis
One click puts China Resources Power Holding on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.