EVE ENERGY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 36.29 CNY | +1.03% |
|
+3.69% | -14.00% |
| Apr. 25 | EVE Energy's Q1 Profit Falls 7%; Operating Income Declines 17% | MT |
| Apr. 24 | EVE Energy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 13,443 | 48,612 | 153,943 | 224,267 | 179,408 | 86,241 |
| Enterprise Value (EV) 1 | 15,033 | 48,570 | 150,551 | 227,654 | 188,154 | 94,616 |
| P/E ratio | 23.5 x | 30.6 x | 91.6 x | 76.7 x | 48 x | 21.4 x |
| Yield | - | 0.34% | 0.03% | 0.14% | 0.18% | 1.18% |
| Capitalization / Revenue | 3.09 x | 7.58 x | 18.9 x | 13.3 x | 4.94 x | 1.77 x |
| EV / Revenue | 3.45 x | 7.58 x | 18.4 x | 13.5 x | 5.18 x | 1.94 x |
| EV / EBITDA | 27.7 x | 41.6 x | 96.2 x | 121 x | 78.3 x | 23.3 x |
| EV / FCF | -33.7 x | -29.6 x | -640 x | -65 x | -20.3 x | 21.3 x |
| FCF Yield | -2.97% | -3.38% | -0.16% | -1.54% | -4.93% | 4.7% |
| Price to Book | 3.77 x | 6.44 x | 10.7 x | 12.5 x | 5.89 x | 2.48 x |
| Nbr of stocks (in thousands) | 1,625,536 | 1,842,212 | 1,888,865 | 1,897,674 | 2,041,049 | 2,043,634 |
| Reference price 2 | 8.270 | 26.39 | 81.50 | 118.2 | 87.90 | 42.20 |
| Announcement Date | 4/28/19 | 4/19/20 | 4/19/21 | 4/25/22 | 4/17/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,351 | 6,412 | 8,162 | 16,900 | 36,304 | 48,784 |
| EBITDA 1 | 542.7 | 1,167 | 1,565 | 1,877 | 2,403 | 4,068 |
| EBIT 1 | 306.3 | 861.2 | 1,045 | 1,094 | 1,412 | 2,660 |
| Operating Margin | 7.04% | 13.43% | 12.81% | 6.47% | 3.89% | 5.45% |
| Earnings before Tax (EBT) 1 | 605.6 | 1,626 | 1,918 | 3,041 | 3,498 | 4,829 |
| Net income 1 | 570.7 | 1,522 | 1,652 | 2,906 | 3,509 | 4,050 |
| Net margin | 13.12% | 23.74% | 20.24% | 17.19% | 9.67% | 8.3% |
| EPS 2 | 0.3525 | 0.8628 | 0.8900 | 1.540 | 1.830 | 1.970 |
| Free Cash Flow 1 | -445.8 | -1,639 | -235.3 | -3,502 | -9,274 | 4,445 |
| FCF margin | -10.25% | -25.57% | -2.88% | -20.72% | -25.55% | 9.11% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 109.28% |
| FCF Conversion (Net income) | - | - | - | - | - | 109.75% |
| Dividend per Share | - | 0.0895 | 0.0250 | 0.1600 | 0.1600 | 0.5000 |
| Announcement Date | 4/28/19 | 4/19/20 | 4/19/21 | 4/25/22 | 4/17/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,452 | - | - | - | 9,357 | 12,021 | 11,186 | 11,790 | 12,553 | 13,255 | 9,317 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 691.8 | - | - | - | 1,495 | 808.5 | 1,384 | 1,337 | 1,393 | 731.7 | - |
| Operating Margin | 12.69% | - | - | - | 15.97% | 6.73% | 12.38% | 11.34% | 11.09% | 5.52% | - |
| Earnings before Tax (EBT) | 670.7 | - | - | - | 1,489 | 807.8 | - | - | - | 723.1 | - |
| Net income | 690 | - | 837.9 | 1,359 | 1,306 | 843.4 | - | - | - | 625.8 | - |
| Net margin | 12.66% | - | - | - | 13.96% | 7.02% | - | - | - | 4.72% | - |
| EPS 2 | 0.3700 | 0.2700 | 0.4500 | - | 0.6800 | 0.4300 | 0.5600 | 0.4900 | 0.6100 | 0.3100 | 0.5200 |
| Dividend per Share | 0.1600 | - | - | - | - | 0.1600 | - | - | - | - | - |
| Announcement Date | 4/25/22 | 4/27/22 | 8/25/22 | 8/25/22 | 10/26/22 | 3/14/23 | 4/25/23 | 8/24/23 | 10/25/23 | 4/18/24 | 4/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,590 | - | - | 3,387 | 8,746 | 8,374 |
| Net Cash position 1 | - | 41.8 | 3,391 | - | - | - |
| Leverage (Debt/EBITDA) | 2.929 x | - | - | 1.805 x | 3.64 x | 2.059 x |
| Free Cash Flow 1 | -446 | -1,639 | -235 | -3,502 | -9,274 | 4,445 |
| ROE (net income / shareholders' equity) | 16.9% | 27.1% | 13.8% | 17% | 13.7% | 12.7% |
| ROA (Net income/ Total Assets) | 2.19% | 4.09% | 3.11% | 1.95% | 1.38% | 1.87% |
| Assets 1 | 26,070 | 37,221 | 53,098 | 149,314 | 254,901 | 216,796 |
| Book Value Per Share 2 | 2.190 | 4.100 | 7.610 | 9.450 | 14.90 | 17.00 |
| Cash Flow per Share 2 | 0.6900 | 1.140 | 2.010 | 3.590 | 4.400 | 5.150 |
| Capex 1 | 806 | 2,619 | 2,038 | 6,270 | 13,835 | 5,003 |
| Capex / Sales | 18.52% | 40.85% | 24.97% | 37.1% | 38.11% | 10.26% |
| Announcement Date | 4/28/19 | 4/19/20 | 4/19/21 | 4/25/22 | 4/17/23 | 4/18/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
36.29
CNY
Average target price
47.02
CNY
Spread / Average Target
+29.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.00% | 10.22B | |
| +21.57% | 120B | |
| -12.98% | 63.24B | |
| -13.45% | 19.67B | |
| +8.86% | 17.62B | |
| -18.06% | 16.74B | |
| -15.30% | 4.48B | |
| -12.28% | 4.03B | |
| +7.52% | 4.03B | |
| +1.29% | 3.81B |
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- Financials EVE Energy Co., Ltd.
