Financials Grandblue Environment Co., Ltd.

Equities

600323

CNE000001675

Environmental Services & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
18.4 CNY +0.11% Intraday chart for Grandblue Environment Co., Ltd. -0.22% +6.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,440 19,011 17,106 15,051 14,130 15,002 - -
Enterprise Value (EV) 1 20,122 27,841 17,106 15,051 14,130 15,002 15,002 15,002
P/E ratio 14.7 x 18.4 x 14.5 x 13.1 x 9.9 x 9.53 x 8.16 x 7.72 x
Yield 1.25% 0.89% 1.05% 1.19% 2.77% 2.93% 3.34% 3.83%
Capitalization / Revenue 2.18 x 2.54 x 1.45 x 1.17 x 1.13 x 1.15 x 1.08 x 1.05 x
EV / Revenue 2.18 x 2.54 x 1.45 x 1.17 x 1.13 x 1.15 x 1.08 x 1.05 x
EV / EBITDA 7.42 x 8.36 x 6.19 x 5.26 x 4.75 x 4.12 x 3.83 x 3.52 x
EV / FCF -5,776,455 x -11,824,169 x - - - - - -
FCF Yield -0% -0% - - - - - -
Price to Book 2.05 x 2.55 x 1.73 x 1.38 x 1.17 x 1.13 x 1.01 x 0.95 x
Nbr of stocks (in thousands) 766,264 766,264 815,347 815,347 815,347 815,347 - -
Reference price 2 17.54 24.81 20.98 18.46 17.33 18.40 18.40 18.40
Announcement Date 2/28/20 3/30/21 3/30/22 4/6/23 4/2/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,160 7,481 11,777 12,875 12,541 12,999 13,868 14,260
EBITDA 1 1,810 2,273 2,761 2,859 2,974 3,641 3,918 4,264
EBIT 1 1,066 1,297 1,411 1,399 1,822 2,020 2,325 2,510
Operating Margin 17.31% 17.34% 11.98% 10.86% 14.53% 15.54% 16.76% 17.6%
Earnings before Tax (EBT) 1 1,116 1,299 1,436 1,410 1,831 2,032 2,333 2,520
Net income 1 912.6 1,057 1,163 1,146 1,430 1,573 1,839 1,945
Net margin 14.81% 14.13% 9.88% 8.9% 11.4% 12.1% 13.26% 13.64%
EPS 2 1.190 1.350 1.450 1.410 1.750 1.930 2.256 2.383
Free Cash Flow -2,327 -1,608 - - - - - -
FCF margin -37.77% -21.49% - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2200 0.2200 0.2200 0.2200 0.4800 0.5400 0.6150 0.7050
Announcement Date 2/28/20 3/30/21 3/30/22 4/6/23 4/2/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - - 3,475 3,265 2,802 3,125 3,035 3,579 2,876 3,207 3,114 3,673 2,957
EBITDA - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 159.1 549.6 - - - - - - - - - - -
Net margin - - - - - - - - - - - - -
EPS - 0.6700 - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 4/28/22 8/18/22 10/26/22 4/6/23 4/27/23 8/17/23 10/26/23 4/2/24 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 6,682 8,830 - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 3.691 x 3.885 x - - - - - -
Free Cash Flow -2,327 -1,608 - - - - - -
ROE (net income / shareholders' equity) 14.6% 15% 12.8% 11% 12.4% 11.9% 12.1% 12%
ROA (Net income/ Total Assets) 4.86% 4.6% 4.29% 3.66% - 4.13% 4.54% 4.43%
Assets 1 18,797 22,999 27,104 31,283 - 38,140 40,509 43,947
Book Value Per Share 2 8.560 9.750 12.10 13.30 14.90 16.30 18.20 19.40
Cash Flow per Share 2 1.730 2.550 1.090 0.5200 3.040 3.840 4.080 4.010
Capex 1 3,651 3,564 2,000 2,369 2,045 1,834 1,951 1,743
Capex / Sales 59.27% 47.63% 16.98% 18.4% 16.3% 14.11% 14.07% 12.22%
Announcement Date 2/28/20 3/30/21 3/30/22 4/6/23 4/2/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
18.4 CNY
Average target price
22.33 CNY
Spread / Average Target
+21.36%
Consensus

Quarterly revenue - Rate of surprise

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