Financials EIT Environmental Development Group Co.,Ltd

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
13.27 ^CNY	-1.48%		-1.78%	-9.11%

Apr. 26	EIT Environmental Development Group Co.,Ltd Proposes Final Cash Dividend for the Year 2023	CI
Apr. 25	EIT Environmental Development Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2020	2021	2023	2024	2025	2026
Capitalization ¹	12,857	8,465	5,819	5,289	-	-
Enterprise Value (EV) ¹	12,857	8,465	5,819	5,289	5,289	5,289
P/E ratio	19.9 x	17.9 x	11.1 x	7.76 x	6.87 x	-
Yield	1.21%	0.84%	-	-	-	-
Capitalization / Revenue	2.98 x	1.75 x	0.94 x	0.76 x	0.68 x	-
EV / Revenue	2.98 x	1.75 x	0.94 x	0.76 x	0.68 x	-
EV / EBITDA	11.9 x	10.4 x	5.6 x	4.09 x	3.67 x	-
EV / FCF	-	-	-	8.24 x	6.24 x	4.71 x
FCF Yield	-	-	-	12.1%	16%	21.2%
Price to Book	5.03 x	2.94 x	1.61 x	1.23 x	1.08 x	-
Nbr of stocks (in thousands)	398,594	398,594	398,592	398,592	-	-
Reference price ²	32.26	21.24	14.60	13.27	13.27	13.27
Announcement Date	3/29/21	3/28/22	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,595	4,315	4,834	-	6,161	6,932	7,774	-
EBITDA ¹	-	1,080	816.6	-	1,039	1,292	1,443	-
EBIT ¹	-	896.9	673.1	-	759.2	968.3	1,087	-
Operating Margin	-	20.78%	13.92%	-	12.32%	13.97%	13.98%	-
Earnings before Tax (EBT) ¹	-	865.7	661.7	-	744.9	951.8	1,080	-
Net income ¹	-	631	472.5	494.3	521.1	681.6	771.3	-
Net margin	-	14.62%	9.78%	-	8.46%	9.83%	9.92%	-
EPS ²	-	1.618	1.188	-	1.310	1.710	1.932	-
Free Cash Flow ¹	-	-	-	-	-	642	848	1,122
FCF margin	-	-	-	-	-	9.26%	10.91%	-
FCF Conversion (EBITDA)	-	-	-	-	-	49.69%	58.79%	-
FCF Conversion (Net income)	-	-	-	-	-	94.19%	109.94%	-
Dividend per Share	-	0.3889	0.1778	-	-	-	-	-
Announcement Date	4/27/20	3/29/21	3/28/22	4/24/23	4/25/24	-	-	-

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 ¹	-	-	-	-	-	642	848	1,122
ROE (net income / shareholders' equity)	37.3%	29%	17.4%	16%	15%	14.3%	14.3%	-
ROA (Net income/ Total Assets)	-	17.5%	9.67%	-	-	12.6%	12.2%	-
Assets ¹	-	3,602	4,885	-	-	5,416	6,322	-
Book Value Per Share ²	-	6.420	7.230	-	9.090	10.70	12.30	-
Cash Flow per Share ²	-	1.310	1.550	-	0.8200	1.900	2.370	-
Capex ¹	-	384	466	-	447	290	284	540
Capex / Sales	-	8.9%	9.64%	-	7.26%	4.18%	3.65%	-
Announcement Date	4/27/20	3/29/21	3/28/22	4/24/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.27 CNY

Average target price

19.66 CNY

Spread / Average Target

+48.15%

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