Shandong Hi-Speed New Energy Group Limited

1250.HK · Utilities · Utilities - Renewable · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

2.37B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

1.04B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

2.83B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

2.08B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

258.11M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

8.06×

the ratio the screener ranks by

Margin of Safety

+87.6%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 2.37B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)5.47B USD
−②Net Debt Today3.09B USD
+③Growth Value0 USD
=Value2.37B USD

EPV of the Operations (NOPAT over WACC)

5.47B USD

Net debt today

-3.09B USD

Growth Value

0 USD

Value

2.37B USD

①EPV (earnings power value)

5.47B USD

②Net Debt Today

3.09B USD

③Growth Value

0 USD

Market value

Market Cap258.11M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+89.1%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 1.04B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE131.85M USD
+②Equity at Year 15, Today906.26M USD
=Value1.04B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

131.85M USD

②Equity at Year 15, Today

906.26M USD

Market value

Market Cap258.11M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+75.1%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 2.83B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 2.83B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap258.11M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+90.9%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 2.80%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.66×Market Risk Premium 6.00%= 8.48%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 28.80M USDPretax Income 86.27M USD= 33.39%

The tax the interest saves.

Interest Expense =EBIT 224.40M USD−Pretax Income 86.27M USD= 138.14M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 138.14M USDTotal Debt 3.81B USD×(1 − Tax Rate for WACC 33.39%)= 2.41%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 3.81B USDMarket Cap + Total Debt 258.11M USD + 3.81B USD= 93.66%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 6.34%×Cost of Equity 8.48%+Debt Weight 93.66%×Cost of Debt 2.41%= 2.80%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2025-12-31.

Total Assets 6.95B USD − Total Liabilities 4.12B USD = Book Value Today 2.83B USD

Total Debt 3.81B USD − Cash and Short-Term Investments 721.71M USD = Net Debt Today 3.09B USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.0%at most 5%passes2,246,588,726 / 2,246,588,726
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets6.9%at least -10.0%passes(515.12M USD − 32.73M USD) ÷ 6.95B USD
Price to bookMarket Cap ÷ Book Value Today0.09×at most 3×passes258.11M USD ÷ 2.83B USD
Operating marginOperating Income ÷ Revenue33.5%above 10.0%passes211.01M USD ÷ 630.79M USD
Revenue growthRevenue ÷ Revenue a Year Before − 14.0%above 10.0%does not pass630.79M USD / 606.67M USD
Net cash(Cash − Total Debt) ÷ Market Cap-1221.1%above -30%does not pass(660.50M USD − 3.81B USD) ÷ 258.11M USD
Operating efficiencyOperating Income ÷ Gross Profit73.7%above 25.0%passes211.01M USD ÷ 286.18M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

0.90 HKD

Enterprise value

30.65B HKD

the provider's own figure

EV / EBITDA

10.35×

Price / book

0.13×

the provider's book

Price / earnings

18.00×

Return on equity

1.3%

the provider's figure, not this page's

Profit margin

2.3%

Revenue growth

-11.2%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

672.29M631.97M606.67M630.79M

Gross profit

325.02M307.01M277.25M286.18M

Operating income

237.73M217.34M220.50M211.01M

EBITDA

operating income before depreciation and amortisation

465.37M514.43M503.66M489.17M

Pretax income

35.98M80.25M90.35M86.27M

Net income

32.78M48.15M38.99M32.73M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

23.66M16.21M33.93M32.53M

R&D

————
Balance sheet, year end

Total assets

6.61B7.01B6.64B6.95B

Total liabilities

4.69B4.54B3.98B4.12B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

1.85B1.84B1.81B1.93B

Total debt

3.95B4.08B3.64B3.81B

Cash and equivalents

461.97M626.72M500.03M660.50M

Net PP&E

fixed assets after depreciation

3.18B3.50B3.27B3.38B

Working capital

current assets less current liabilities

815.79M829.81M1.06B913.83M
Cash flow

Operating cash flow

465.17M254.40M295.75M515.12M

Capital expenditure

paid out, so below zero

-123.04M-208.79M-171.34M-230.94M

Depreciation and amortisation

200.48M240.96M255.95M264.77M

Free cash flow

operating cash flow plus capital expenditure

342.13M45.60M124.41M284.18M