CHINA EVERBRIGHT ENVIRONMENT GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.27 HKD | +0.31% |
|
+4.81% | +28.74% |
| Mar. 28 | China Everbright Environment CFO Steps Down | MT |
| Mar. 27 | China Everbright Environment Hires KPMG as New Auditor | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 43,124 | 38,394 | 26,906 | 38,455 | 21,439 | 20,088 | 20,088 | - |
| Enterprise Value (EV) 1 | 69,513 | 79,808 | 91,017 | 122,529 | 105,572 | 101,650 | 102,623 | 107,498 |
| P/E ratio | 8.18 x | 7.38 x | 4.47 x | 5.65 x | 4.66 x | 3.52 x | 4.49 x | 4.17 x |
| Yield | 3.42% | 4.16% | 6.85% | 5.43% | 6.88% | 8.66% | 6.73% | 7.72% |
| Capitalization / Revenue | 1.58 x | 1.02 x | 0.63 x | 0.77 x | 0.57 x | 0.49 x | 0.64 x | 0.62 x |
| EV / Revenue | 2.55 x | 2.12 x | 2.12 x | 2.46 x | 2.83 x | 3.17 x | 3.25 x | 3.34 x |
| EV / EBITDA | 7.73 x | 7.28 x | 7.08 x | 8.15 x | 8.22 x | 7.92 x | 7.99 x | 7.99 x |
| EV / FCF | -13.2 x | -9.83 x | -5.95 x | -33 x | 36.7 x | 168 x | 143 x | 106 x |
| FCF Yield | -7.58% | -10.2% | -16.8% | -3.03% | 2.72% | 0.6% | 0.7% | 0.94% |
| Price to Book | 1.27 x | 1.06 x | 0.58 x | 0.82 x | 0.42 x | 0.32 x | 0.38 x | 0.35 x |
| Nbr of stocks (in thousands) | 6,142,975 | 6,142,975 | 6,142,975 | 6,142,975 | 6,142,975 | 6,142,975 | 6,142,975 | - |
| Reference price 2 | 7.020 | 6.250 | 4.380 | 6.260 | 3.490 | 3.270 | 3.270 | 3.270 |
| Announcement Date | 3/12/19 | 3/18/20 | 3/11/21 | 3/15/22 | 3/30/23 | 3/27/24 | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 27,228 | 37,558 | 42,926 | 49,895 | 37,321 | 32,090 | 31,581 | 32,231 |
| EBITDA 1 | 8,995 | 10,957 | 12,852 | 15,027 | 12,842 | 12,828 | 12,844 | 13,454 |
| EBIT 1 | 8,213 | 9,827 | 11,447 | 13,227 | 10,600 | 10,516 | 10,572 | 11,082 |
| Operating Margin | 30.16% | 26.17% | 26.67% | 26.51% | 28.4% | 32.77% | 33.48% | 34.38% |
| Earnings before Tax (EBT) 1 | 6,998 | 8,264 | 9,387 | 10,321 | 7,263 | 7,124 | 7,186 | 7,483 |
| Net income 1 | 4,319 | 5,203 | 6,016 | 6,804 | 4,602 | 4,429 | 4,465 | 4,823 |
| Net margin | 15.86% | 13.85% | 14.01% | 13.64% | 12.33% | 13.8% | 14.14% | 14.96% |
| EPS 2 | 0.8577 | 0.8470 | 0.9793 | 1.108 | 0.7491 | 0.7210 | 0.7283 | 0.7850 |
| Free Cash Flow 1 | -5,271 | -8,117 | -15,308 | -3,711 | 2,874 | 626 | 717 | 1,013 |
| FCF margin | -19.36% | -21.61% | -35.66% | -7.44% | 7.7% | 1.93% | 2.27% | 3.14% |
| FCF Conversion (EBITDA) | - | - | - | - | 22.38% | 4.94% | 5.58% | 7.53% |
| FCF Conversion (Net income) | - | - | - | - | 62.46% | 15.18% | 16.06% | 21.01% |
| Dividend per Share 2 | 0.2400 | 0.2600 | 0.3000 | 0.3400 | 0.2400 | 0.2200 | 0.2200 | 0.2525 |
| Announcement Date | 3/12/19 | 3/18/20 | 3/11/21 | 3/15/22 | 3/30/23 | 3/27/24 | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2020 S1 | 2021 S1 | 2023 S2 |
|---|---|---|---|---|
| Net sales 1 | 16,226 | 18,377 | 26,495 | 15,793 |
| EBITDA | - | - | - | - |
| EBIT 1 | - | 5,716 | - | 4,324 |
| Operating Margin | - | 31.1% | - | 27.38% |
| Earnings before Tax (EBT) | 4,297 | - | - | - |
| Net income 1 | 2,630 | 3,029 | - | 1,644 |
| Net margin | 16.21% | 16.48% | - | 10.41% |
| EPS | - | - | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 8/14/19 | 8/13/20 | 8/12/21 | 3/27/24 |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 26,390 | 41,415 | 64,111 | 84,074 | 84,133 | 86,047 | 82,536 | 87,411 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.934 x | 3.78 x | 4.989 x | 5.595 x | 6.552 x | 6.708 x | 6.426 x | 6.497 x |
| Free Cash Flow 1 | -5,271 | -8,117 | -15,308 | -3,711 | 2,874 | 626 | 717 | 1,013 |
| ROE (net income / shareholders' equity) | 15.3% | 14.8% | 14.8% | 14.1% | 8.97% | 9.27% | 8.72% | 8.54% |
| ROA (Net income/ Total Assets) | 5.13% | 4.85% | 4.34% | 3.8% | 2.36% | 2.33% | 2.4% | 2.53% |
| Assets 1 | 84,122 | 107,236 | 138,768 | 179,211 | 195,411 | 189,891 | 186,057 | 190,615 |
| Book Value Per Share 2 | 5.520 | 5.910 | 7.490 | 7.610 | 8.270 | 7.840 | 8.670 | 9.220 |
| Cash Flow per Share 2 | -0.8700 | -1.210 | -1.330 | -0.2500 | 0.6500 | 2.010 | 1.750 | 1.750 |
| Capex 1 | 905 | 6,646 | 7,122 | 8,588 | 5,468 | 3,863 | 5,879 | 4,064 |
| Capex / Sales | 3.32% | 17.7% | 16.59% | 17.21% | 14.65% | 11.94% | 18.62% | 12.61% |
| Announcement Date | 3/12/19 | 3/18/20 | 3/11/21 | 3/15/22 | 3/30/23 | 3/27/24 | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
3.27
HKD
Average target price
3.79
HKD
Spread / Average Target
+15.91%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +28.74% | 2.57B | |
| -20.00% | 85.7B | |
| +63.42% | 81.88B | |
| -.--% | 51.55B | |
| -0.90% | 48.58B | |
| -4.56% | 45.12B | |
| +1.14% | 41.62B | |
| +2.14% | 34.6B | |
| +10.91% | 33.81B | |
| -21.83% | 25.56B |
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