CHINA RESOURCES AND ENVIRONMENT CO.,LTD. Financials China Resources and Environment Co.,Ltd.
Equities
600217
CNE000001113
Environmental Services & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.63 CNY | -2.32% |
|
+2.89% | +5.71% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,680 | 7,110 | 7,971 | 10,512 | 6,832 | 6,082 |
| Enterprise Value (EV) 1 | 6,870 | 8,886 | 10,043 | 12,542 | 9,566 | 9,605 |
| P/E ratio | 18 x | 17.7 x | 19.4 x | 34 x | 107 x | 91.8 x |
| Yield | - | - | - | 0.13% | - | - |
| Capitalization / Revenue | 1.81 x | 2.17 x | 2.39 x | 3.03 x | 2.19 x | 1.64 x |
| EV / Revenue | 2.19 x | 2.72 x | 3.02 x | 3.62 x | 3.06 x | 2.6 x |
| EV / EBITDA | 11.6 x | 12.8 x | 14.7 x | 23.1 x | 34.6 x | 17.7 x |
| EV / FCF | 8.88 x | -91.1 x | -14.4 x | -103 x | -18.7 x | 93.2 x |
| FCF Yield | 11.3% | -1.1% | -6.93% | -0.97% | -5.36% | 1.07% |
| Price to Book | 4.01 x | 3.94 x | 3.62 x | 4.35 x | 2.69 x | 2.32 x |
| Nbr of stocks (in thousands) | 1,388,660 | 1,388,660 | 1,388,660 | 1,388,660 | 1,388,660 | 1,388,660 |
| Reference price 2 | 4.090 | 5.120 | 5.740 | 7.570 | 4.920 | 4.380 |
| Announcement Date | 4/15/19 | 4/20/20 | 4/28/21 | 4/22/22 | 4/24/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,136 | 3,272 | 3,331 | 3,469 | 3,123 | 3,701 |
| EBITDA 1 | 593 | 694 | 681.4 | 543 | 276.8 | 542.3 |
| EBIT 1 | 532.2 | 631.6 | 615.7 | 470.6 | 206.3 | 467.9 |
| Operating Margin | 16.97% | 19.3% | 18.49% | 13.56% | 6.61% | 12.64% |
| Earnings before Tax (EBT) 1 | 400.9 | 500.2 | 485.8 | 309.2 | 32.71 | 52.32 |
| Net income 1 | 316.1 | 401.8 | 410.5 | 309.2 | 63.72 | 66.18 |
| Net margin | 10.08% | 12.28% | 12.32% | 8.91% | 2.04% | 1.79% |
| EPS 2 | 0.2277 | 0.2894 | 0.2956 | 0.2226 | 0.0459 | 0.0477 |
| Free Cash Flow 1 | 773.3 | -97.55 | -696.3 | -122 | -512.5 | 103.1 |
| FCF margin | 24.66% | -2.98% | -20.91% | -3.52% | -16.41% | 2.79% |
| FCF Conversion (EBITDA) | 130.41% | - | - | - | - | 19.01% |
| FCF Conversion (Net income) | 244.62% | - | - | - | - | 155.79% |
| Dividend per Share | - | - | - | 0.0100 | - | - |
| Announcement Date | 4/15/19 | 4/20/20 | 4/28/21 | 4/22/22 | 4/24/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,190 | 1,776 | 2,072 | 2,030 | 2,734 | 3,523 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.007 x | 2.559 x | 3.041 x | 3.738 x | 9.874 x | 6.496 x |
| Free Cash Flow 1 | 773 | -97.6 | -696 | -122 | -513 | 103 |
| ROE (net income / shareholders' equity) | 20% | 24.9% | 20.3% | 12.9% | 2.52% | 2.56% |
| ROA (Net income/ Total Assets) | 6.92% | 7.61% | 6.47% | 4.31% | 1.78% | 3.93% |
| Assets 1 | 4,570 | 5,281 | 6,344 | 7,173 | 3,587 | 1,684 |
| Book Value Per Share 2 | 1.020 | 1.300 | 1.590 | 1.740 | 1.830 | 1.890 |
| Cash Flow per Share 2 | 0.4700 | 0.5900 | 0.5400 | 0.8600 | 0.6500 | 0.6000 |
| Capex 1 | 66.8 | 87.1 | 60.7 | 80.6 | 210 | 119 |
| Capex / Sales | 2.13% | 2.66% | 1.82% | 2.32% | 6.71% | 3.23% |
| Announcement Date | 4/15/19 | 4/20/20 | 4/28/21 | 4/22/22 | 4/24/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.71% | 888M | |
| +7.90% | 41.82B | |
| -5.62% | 12.03B | |
| +4.13% | 5.25B | |
| -9.72% | 4.15B | |
| -0.74% | 3.91B | |
| -1.76% | 2.39B | |
| +6.23% | 2.07B | |
| -5.26% | 1.54B | |
| +3.34% | 1.44B |
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