Financials Shanghai CEO Environmental Protection Technology Co., Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-30 pm EDT			5-day change	1st Jan Change
9.34 ^CNY	-.--%		+1.74%	-27.20%

Apr. 26	Shanghai CEO Environmental Protection Technology Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Tranche Update on Shanghai CEO Environmental Protection Technology Co., Ltd's Equity Buyback Plan announced on August 22, 2023.	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,712	2,400	2,113	1,895	1,358	-	-
Enterprise Value (EV) ¹	2,712	2,400	2,113	1,895	1,358	1,358	1,358
P/E ratio	-	36.4 x	18.3 x	18.9 x	19.5 x	15.8 x	13.5 x
Yield	-	-	-	2.73%	1.71%	2.14%	2.46%
Capitalization / Revenue	7.21 x	-	-	3.29 x	3.45 x	2.92 x	2.41 x
EV / Revenue	7.21 x	-	-	3.29 x	3.45 x	2.92 x	2.41 x
EV / EBITDA	-	-	-	10.4 x	9.7 x	7.3 x	5.07 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	2.52 x	-	-	1.51 x	1.08 x	1.03 x	0.97 x
Nbr of stocks (in thousands)	147,219	147,219	147,219	147,698	145,375	-	-
Reference price ²	18.42	16.31	14.35	12.83	9.340	9.340	9.340
Announcement Date	2/24/21	2/25/22	3/30/23	2/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	376.1	-	-	576.1	394	465	564
EBITDA ¹	-	-	-	182	140	186	268
EBIT ¹	76	-	-	119.6	78	95	112
Operating Margin	20.21%	-	-	20.75%	19.8%	20.43%	19.86%
Earnings before Tax (EBT) ¹	75.67	-	-	107.2	79	96	113
Net income ¹	67.24	65.9	115.3	100	71	87	102
Net margin	17.88%	-	-	17.37%	18.02%	18.71%	18.09%
EPS ²	-	0.4483	0.7862	0.6800	0.4800	0.5900	0.6900
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.3500	0.1600	0.2000	0.2300
Announcement Date	2/24/21	2/25/22	3/30/23	2/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	12.6%	-	-	8.02%	5.53%	6.45%	7.18%
ROA (Net income/ Total Assets)	-	-	-	6.5%	4.83%	5.56%	6.05%
Assets ¹	-	-	-	1,539	1,470	1,565	1,686
Book Value Per Share ²	7.330	-	-	8.490	8.670	9.100	9.590
Cash Flow per Share ²	-	-	-	-0.0800	1.870	1.120	1.620
Capex ¹	-	-	-	138	93	104	76
Capex / Sales	-	-	-	23.98%	23.6%	22.37%	13.48%
Announcement Date	2/24/21	2/25/22	3/30/23	2/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9.34 CNY

Average target price

11.52 CNY

Spread / Average Target

+23.34%

	1st Jan change	Capi.
SHANGHAI CEO ENVIRONMENTAL PROTECTION TECHNOLOGY CO., LTD	-27.20%	187M
DONALDSON COMPANY, INC.	+12.75%	8.87B
ORGANO CORPORATION	+49.49%	2.57B
EUREKA FORBES LIMITED	-14.78%	1.01B
CECO ENVIRONMENTAL CORP.	+23.42%	874M
ION EXCHANGE (INDIA) LIMITED	-7.77%	754M
MONTANA TECHNOLOGIES CORPORATION	+24.67%	721M
NEDERMAN HOLDING AB	+16.43%	696M
MAYAIR TECHNOLOGY (CHINA) CO., LTD.	-17.24%	583M
ZHEJIANG FEIDA ENVIRONMENTAL SCIENCE & TECHNOLOGY CO., LTD.	-11.94%	533M