987 Stock Overview
China Renewable Energy Investment Limited, an investment holding company, engages in the renewable energy business in the People’s Republic of China.
China Renewable Energy Investment Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.25|
|52 Week High||HK$0.43|
|52 Week Low||HK$0.20|
|1 Month Change||1.21%|
|3 Month Change||-9.09%|
|1 Year Change||19.05%|
|3 Year Change||28.87%|
|5 Year Change||11.11%|
|Change since IPO||-86.59%|
Recent News & Updates
We Think China Renewable Energy Investment's (HKG:987) Robust Earnings Are Conservative
The subdued stock price reaction suggests that China Renewable Energy Investment Limited's ( HKG:987 ) strong earnings...
China Renewable Energy Investment (HKG:987) Is Doing The Right Things To Multiply Its Share Price
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
|987||HK Renewable Energy||HK Market|
Return vs Industry: 987 exceeded the Hong Kong Renewable Energy industry which returned 17.5% over the past year.
Return vs Market: 987 exceeded the Hong Kong Market which returned -23.8% over the past year.
|987 Average Weekly Movement||6.3%|
|Renewable Energy Industry Average Movement||6.5%|
|Market Average Movement||7.0%|
|10% most volatile stocks in HK Market||13.6%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 987 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 987's weekly volatility (6%) has been stable over the past year.
About the Company
China Renewable Energy Investment Limited, an investment holding company, engages in the renewable energy business in the People’s Republic of China. As of December 31, 2021, the company operated eight wind farms and one distributed solar project with the power generating capacity of 738 megawatts in Hebei, Heilongjiang, Gansu, Inner Mongolia, Henan, and Zhejiang provinces. It also offers human resources management services.
China Renewable Energy Investment Fundamentals Summary
|987 fundamental statistics|
Is 987 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|987 income statement (TTM)|
|Cost of Revenue||HK$138.16m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.045|
|Net Profit Margin||45.30%|
How did 987 perform over the long term?See historical performance and comparison
4.0%Current Dividend Yield
Is 987 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 987?
Other financial metrics that can be useful for relative valuation.
|What is 987's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 987's PE Ratio compare to its peers?
|987 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: 987 is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (6.6x).
Price to Earnings Ratio vs Industry
How does 987's PE Ratio compare vs other companies in the Renewable Energy Industry?
Price-To-Earnings vs Industry: 987 is good value based on its Price-To-Earnings Ratio (5.5x) compared to the Hong Kong Renewable Energy industry average (7.9x)
Price to Earnings Ratio vs Fair Ratio
What is 987's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||5.5x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 987's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 987 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 987 (HK$0.25) is trading below our estimate of fair value (HK$0.25)
Significantly Below Fair Value: 987 is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 987's PEG Ratio to determine if it is good value.
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How is China Renewable Energy Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Utilities industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Renewable Energy Investment has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine whether China Renewable Energy Investment is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- China Renewable Energy Investment competitive advantages and company strategy can generally be found in its financial reports archived here.
How has China Renewable Energy Investment performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 987 has high quality earnings.
Growing Profit Margin: 987's current net profit margins (45.3%) are higher than last year (41.8%).
Past Earnings Growth Analysis
Earnings Trend: 987's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: 987's earnings growth over the past year (31.6%) exceeds its 5-year average (15.3% per year).
Earnings vs Industry: 987 earnings growth over the past year (31.6%) exceeded the Renewable Energy industry 14%.
Return on Equity
High ROE: 987's Return on Equity (5.5%) is considered low.
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How is China Renewable Energy Investment's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 987's short term assets (HK$714.1M) exceed its short term liabilities (HK$408.2M).
Long Term Liabilities: 987's short term assets (HK$714.1M) exceed its long term liabilities (HK$456.5M).
Debt to Equity History and Analysis
Debt Level: 987's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: 987's debt to equity ratio has increased from 29.9% to 36.8% over the past 5 years.
Debt Coverage: 987's debt is not well covered by operating cash flow (15%).
Interest Coverage: 987's interest payments on its debt are not well covered by EBIT (2.5x coverage).
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What is China Renewable Energy Investment current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 987's dividend (4%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.78%).
High Dividend: 987's dividend (4%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.91%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 987 has been paying a dividend for less than 10 years.
Growing Dividend: 987's dividend payments have increased, but the company has only paid a dividend for 6 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (22.1%), 987's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.3%), 987's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Oei (50 yo)
Mr. Kang Oei, also known as Eric, has been the Chief Executive Officer of HKC (Holdings) Limited since January 1, 2014 and serves as its Chairman since December 03, 2019. Mr. Oei has been the Chairman and...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD262.93K) is about average for companies of similar size in the Hong Kong market ($USD232.87K).
Compensation vs Earnings: Eric's compensation has increased by more than 20% in the past year.
Experienced Management: 987's management team is seasoned and experienced (10.8 years average tenure).
Experienced Board: 987's board of directors are considered experienced (8.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Renewable Energy Investment Limited's employee growth, exchange listings and data sources
- Name: China Renewable Energy Investment Limited
- Ticker: 987
- Exchange: SEHK
- Founded: 2002
- Industry: Renewable Electricity
- Sector: Utilities
- Implied Market Cap: HK$626.539m
- Shares outstanding: 2.51b
- Website: https://www.cre987.com
Number of Employees
- China Renewable Energy Investment Limited
- Tower 1
- 9th Floor
- Tsim Sha Tsui
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/23 00:00|
|End of Day Share Price||2022/06/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.