China Carbon Neutral Development Group Limited

1372.HK · Industrials · Engineering & Construction · Valued as of 2026-11-03 · Statements 2023-12-31

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

5.36M USD

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

Profit

5.36M USD

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

FCFF

5.36M USD

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

Average Intrinsic Value

5.36M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

127.67M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.04×

the ratio the screener ranks by

Margin of Safety

-2282.4%

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: 5.36M 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).

The earnings power value was not computed (a NOPAT at or below zero this year), so the value is the book value today, 5.36M USD.

Market value

Market Cap127.67M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-2282.4%

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): 5.36M 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.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 5.36M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap127.67M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-2282.4%

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): 5.36M 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 (an operating profit at or below zero in the latest three years), so the value is the book value today, 5.36M 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 Cap127.67M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-2282.4%

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: 13.33%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.52×Market Risk Premium 6.00%= 13.64%

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 25.00% (default): the statements print a tax provision of 0 USD on a pretax income of -1.45M USD, which gives no rate between 0 and the profit before tax, so the 25% default stands for the tax the interest saves.

Interest Expense =EBIT 2.99M USD−Pretax Income -1.45M USD= 4.44M USD

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

Cost of Debt =Interest Expense 4.44M USDTotal Debt 27.98M USD×(1 − Tax Rate for WACC 25.00%)= 11.89%

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

Debt Weight =Total Debt 27.98M USDMarket Cap + Total Debt 127.67M USD + 27.98M USD= 17.98%

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

WACC =Equity Weight 82.02%×Cost of Equity 13.64%+Debt Weight 17.98%×Cost of Debt 11.89%= 13.33%

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 69.28M USD − Total Liabilities 63.92M USD = Book Value Today 5.36M USD

Total Debt 27.98M USD − Cash and Short-Term Investments 12.78M USD = Net Debt Today 15.21M 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 − 1112.9%at most 5%does not pass642,960,000 / 302,000,000
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets1.7%at least -10.0%passes(23.96K USD − -1.13M USD) ÷ 69.28M USD
Price to bookMarket Cap ÷ Book Value Today23.82×at most 3×does not pass127.67M USD ÷ 5.36M USD
Operating marginOperating Income ÷ Revenue-6.2%above 10.0%does not pass-5.06M USD ÷ 81.10M USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-11.0%above 10.0%does not pass81.10M USD / 91.09M USD
Net cash(Cash − Total Debt) ÷ Market Cap-11.9%above -30%passes(12.78M USD − 27.98M USD) ÷ 127.67M USD
Operating efficiencyOperating Income ÷ Gross Profit-110.6%above 25.0%does not pass-5.06M USD ÷ 4.58M USD

Market Data

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

Share price

1.02 HKD

Enterprise value

767.11M HKD

the provider's own figure

EV / EBITDA

26.86×

Price / book

3.51×

the provider's book

Price / earnings

—

Return on equity

-163.5%

the provider's figure, not this page's

Profit margin

-29.1%

Revenue growth

5.0%

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.

USD2021202220232025
Income statement

Revenue

60.08M91.09M81.10M—

Gross profit

4.61M5.46M4.58M—

Operating income

-6.84M-10.21M-5.06M—

EBITDA

operating income before depreciation and amortisation

45.37M-17.54M2.99M—

Pretax income

35.13M-26.24M-1.45M—

Net income

34.36M-25.36M-1.13M—

Normalized income

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

-15.91M-16.95M-8.93M—

R&D

437.88K516.01K1.35M—
Balance sheet, year end

Total assets

62.24M40.39M63.08M—

Total liabilities

51.06M46.79M47.29M—

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

11.15M-6.31M16.27M—

Total debt

32.79M28.13M15.23M—

Cash and equivalents

11.42M9.97M13.61M—

Net PP&E

fixed assets after depreciation

1.63M2.68M2.10M—

Working capital

current assets less current liabilities

34.93M15.94M22.34M—
Cash flow

Operating cash flow

-11.32M17.11M23.96K—

Capital expenditure

paid out, so below zero

-411.44K-473.12K-387.88K—

Depreciation and amortisation

521.20K1.07M——

Free cash flow

operating cash flow plus capital expenditure

-11.73M16.64M-363.92K—