China Renewable Energy Investment (HKSE:00987) GF Value Rank : 0 (As of Jun. 02, 2024)

View and export this data going back to 1994. Start your Free Trial

What is China Renewable Energy Investment GF Value Rank?

China Renewable Energy Investment has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

China Renewable Energy Investment GF Value Rank Related Terms

Thank you for viewing the detailed overview of China Renewable Energy Investment's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

China Renewable Energy Investment (HKSE:00987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Renewable Energy Investment Ltd (HKSE:00987) » Definitions » GF Value Rank

Traded in Other Exchanges

N/A

Address

75 Mody Road, 9th Floor, Tower 1, South Seas Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

https://www.cre987.com

China Renewable Energy Investment Ltd is an investment holding company. The principal activity of the group is the renewable energy business. It conducts a majority of its business operations in the People's Republic of China. The company's sales of electricity were all generated by the wind power plants and a distributed solar project of the group. Some of its projects are Danjinghe, Nanxun, Mudanjiang, and Songxian, among others.

Executives

Claudio Holdings Limited	2201 Interest of corporation controlled by you
Hkc (holdings) Limited	2201 Interest of corporation controlled by you
Oei Kang, Eric	2201 Interest of corporation controlled by you
Oei Valonia Lau	2202 Interest of your spouse
Genesis Capital Group Limited	2101 Beneficial owner
Creator Holdings Limited	2101 Beneficial owner

China Renewable Energy Investment (HKSE:00987) Headlines

No Headlines