CHINA EVERBRIGHT GREENTECH LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.68 HKD | +3.03% |
|
+3.03% | -47.69% |
| Mar. 29 | China Everbright Greentech’s CFO Steps Down | MT |
| Mar. 28 | China Everbright Greentech Limited Announces Board Changes, Effective March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,719 | 7,066 | 6,054 | 4,359 | 2,686 | 1,405 | - |
| Enterprise Value (EV) 1 | 17,119 | 21,501 | 24,137 | 23,187 | 23,512 | 20,767 | 20,635 |
| P/E ratio | 5.38 x | 4.7 x | 5.45 x | 12.8 x | -8.9 x | 6.13 x | 3.96 x |
| Yield | 3.79% | 4.39% | 3.75% | 1.71% | 1.92% | 3.19% | 4.76% |
| Capitalization / Revenue | 0.94 x | 0.72 x | 0.72 x | 0.54 x | 0.36 x | 0.19 x | 0.19 x |
| EV / Revenue | 1.84 x | 2.19 x | 2.86 x | 2.88 x | 3.17 x | 2.77 x | 2.81 x |
| EV / EBITDA | 5.95 x | 7.02 x | 8.51 x | 9.99 x | 14.3 x | 10.2 x | 9.46 x |
| EV / FCF | -4.14 x | -5.6 x | -10.4 x | -11.7 x | -15.8 x | 483 x | 38.2 x |
| FCF Yield | -24.2% | -17.8% | -9.65% | -8.51% | -6.32% | 0.21% | 2.61% |
| Price to Book | 0.84 x | 0.56 x | 0.44 x | 0.35 x | 0.24 x | 0.11 x | 0.11 x |
| Nbr of stocks (in thousands) | 2,066,078 | 2,066,078 | 2,066,078 | 2,066,078 | 2,066,078 | 2,066,078 | - |
| Reference price 2 | 4.220 | 3.420 | 2.930 | 2.110 | 1.300 | 0.6800 | 0.6800 |
| Announcement Date | 2/26/20 | 3/4/21 | 3/8/22 | 3/24/23 | 3/15/24 | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,280 | 9,835 | 8,447 | 8,048 | 7,417 | 7,506 | 7,345 |
| EBITDA 1 | 2,876 | 3,065 | 2,838 | 2,321 | 1,648 | 2,027 | 2,182 |
| EBIT 1 | 2,476 | 2,694 | 2,032 | 1,396 | 680.4 | 1,153 | 1,258 |
| Operating Margin | 26.69% | 27.39% | 24.06% | 17.35% | 9.17% | 15.36% | 17.12% |
| Earnings before Tax (EBT) 1 | 2,109 | 1,926 | 1,349 | 510.2 | -339.3 | 300.4 | 497.4 |
| Net income 1 | 1,621 | 1,503 | 1,110 | 340.2 | -301.7 | 236.5 | 354.7 |
| Net margin | 17.47% | 15.28% | 13.15% | 4.23% | -4.07% | 3.15% | 4.83% |
| EPS 2 | 0.7848 | 0.7272 | 0.5374 | 0.1647 | -0.1460 | 0.1109 | 0.1718 |
| Free Cash Flow 1 | -4,138 | -3,836 | -2,329 | -1,974 | -1,487 | 43 | 539.5 |
| FCF margin | -44.59% | -39.01% | -27.57% | -24.53% | -20.05% | 0.57% | 7.34% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 2.12% | 24.73% |
| FCF Conversion (Net income) | - | - | - | - | - | 18.18% | 152.1% |
| Dividend per Share 2 | 0.1600 | 0.1500 | 0.1100 | 0.0360 | 0.0250 | 0.0217 | 0.0323 |
| Announcement Date | 2/26/20 | 3/4/21 | 3/8/22 | 3/24/23 | 3/15/24 | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales | - | 5,590 | 4,319 | 4,128 | 4,220 | 3,828 | - | - |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | 1,405 | 1,233 | 809.5 | 831.2 | - | - | - |
| Operating Margin | - | 25.14% | 28.56% | 19.61% | 19.7% | - | - | - |
| Earnings before Tax (EBT) 1 | - | 899.7 | - | - | 461.9 | - | - | -721.7 |
| Net income 1 | 822.2 | 680.3 | 702 | - | 371.9 | - | 263.9 | -565.6 |
| Net margin | - | 12.17% | 16.26% | - | 8.81% | - | - | - |
| EPS | - | - | - | - | - | - | 0.1277 | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 8/11/20 | 3/4/21 | 8/9/21 | 3/8/22 | 8/9/22 | 3/24/23 | 8/11/23 | 3/15/24 |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,400 | 14,435 | 18,083 | 18,828 | 20,826 | 19,363 | 19,230 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.921 x | 4.71 x | 6.372 x | 8.112 x | 12.63 x | 9.552 x | 8.814 x |
| Free Cash Flow 1 | -4,138 | -3,836 | -2,329 | -1,974 | -1,487 | 43 | 540 |
| ROE (net income / shareholders' equity) | 16.5% | 13.1% | 8.45% | 2.52% | -2.39% | 1.97% | 3.01% |
| ROA (Net income/ Total Assets) | 7.23% | 4.88% | 2.93% | 0.85% | -0.76% | 0.6% | 1.18% |
| Assets 1 | 22,430 | 30,761 | 37,902 | 39,850 | 39,455 | 39,414 | 30,060 |
| Book Value Per Share 2 | 5.010 | 6.060 | 6.660 | 5.990 | 5.460 | 6.290 | 6.420 |
| Cash Flow per Share | -0.0700 | -0.4300 | 0.2100 | -0.9600 | -6.080 | - | - |
| Capex 1 | 4,000 | 2,949 | 2,755 | 1,554 | 1,361 | 750 | 770 |
| Capex / Sales | 43.11% | 29.98% | 32.62% | 19.31% | 18.36% | 9.99% | 10.48% |
| Announcement Date | 2/26/20 | 3/4/21 | 3/8/22 | 3/24/23 | 3/15/24 | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
0.68
HKD
Average target price
0.888
HKD
Spread / Average Target
+30.59%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -47.69% | 179M | |
| +3.06% | 1.79B | |
| -2.94% | 749M | |
| -57.35% | 540M | |
| -9.15% | 378M | |
| +10.70% | 293M | |
| +18.33% | 76.92M | |
| -6.90% | 56.7M |
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