Financials CECEP Guozhen Environmental Protection Technology Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
6.31 ^CNY	+0.32%		+4.13%	-1.87%

Apr. 24	CECEP Guozhen Environmental Protection Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 21	Cecep Guozhen Environmental Protection Technology Co.,Ltd. Proposes Cash Dividend for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,058	6,277	5,345	4,208	4,379	4,297	-	-
Enterprise Value (EV) ¹	7,058	6,277	5,345	4,208	4,379	4,297	4,297	4,297
P/E ratio	21.1 x	18.7 x	14.9 x	10.7 x	11.2 x	10.3 x	9.56 x	8.89 x
Yield	1.14%	1.34%	-	-	-	-	-	-
Capitalization / Revenue	1.69 x	1.62 x	-	1.03 x	1.06 x	1 x	0.96 x	0.92 x
EV / Revenue	1.69 x	1.62 x	-	1.03 x	1.06 x	1 x	0.96 x	0.92 x
EV / EBITDA	12.9 x	9.42 x	-	3.96 x	4.67 x	3.33 x	3.08 x	2.92 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.05 x	1.64 x	-	1.11 x	1.07 x	0.97 x	0.9 x	0.84 x
Nbr of stocks (in thousands)	670,315	698,955	680,921	680,921	681,042	681,042	-	-
Reference price ²	10.53	8.980	7.850	6.180	6.430	6.310	6.310	6.310
Announcement Date	2/26/20	4/22/21	4/21/22	3/22/23	3/20/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,170	3,869	-	4,099	4,128	4,294	4,469	4,652
EBITDA ¹	548.5	666.6	-	1,062	938.1	1,291	1,396	1,472
EBIT ¹	394.2	446	-	569.3	466.6	507	552.1	602.9
Operating Margin	9.45%	11.53%	-	13.89%	11.3%	11.81%	12.35%	12.96%
Earnings before Tax (EBT) ¹	396.3	440.1	-	549.4	501	541	585.6	636
Net income ¹	326.4	331.5	366.7	404.9	392.3	423.7	458.6	498
Net margin	7.83%	8.57%	-	9.88%	9.5%	9.87%	10.26%	10.71%
EPS ²	0.5000	0.4814	0.5275	0.5752	0.5741	0.6100	0.6600	0.7100
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.1200	0.1200	-	-	-	-	-	-
Announcement Date	2/26/20	4/22/21	4/21/22	3/22/23	3/20/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.9%	9.08%	-	9.9%	10.4%	9.47%	9.47%	9.5%
ROA (Net income/ Total Assets)	2.65%	2.26%	-	-	-	-	-	-
Assets ¹	12,304	14,648	-	-	-	-	-	-
Book Value Per Share ²	5.140	5.490	-	5.550	6.000	6.480	6.990	7.550
Cash Flow per Share ²	1.200	1.240	-	0.9000	0.6000	0.7100	0.9500	1.090
Capex ¹	3,116	1,059	-	490	595	697	716	671
Capex / Sales	74.72%	27.38%	-	11.95%	14.41%	16.24%	16.03%	14.43%
Announcement Date	2/26/20	4/22/21	4/21/22	3/22/23	3/20/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

6.31 CNY

Average target price

6.47 CNY

Spread / Average Target

+2.54%

	1st Jan change	Capi.
CECEP GUOZHEN ENVIRONMENTAL PROTECTION TECHNOLOGY CO., LTD.	-1.87%	592M
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GFL ENVIRONMENTAL INC.	-4.05%	12.28B
CASELLA WASTE SYSTEMS, INC.	+5.77%	5.28B
STERICYCLE, INC.	-9.02%	4.21B
CLEANAWAY WASTE MANAGEMENT LIMITED	+0.37%	3.99B
ZHEFU HOLDING GROUP CO., LTD.	-1.76%	2.4B
GRANDBLUE ENVIRONMENT CO., LTD.	+6.23%	2.08B
CHINA TIANYING INC.	-5.26%	1.62B
SHANGHAI ENVIRONMENT GROUP CO., LTD	+3.34%	1.45B