Financials Grandblue Environment Co., Ltd.

Equities

600323

CNE000001675

Environmental Services & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
18.41 CNY -0.27% Intraday chart for Grandblue Environment Co., Ltd. -0.16% +6.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,440 19,011 17,106 15,051 14,130 15,011 - -
Enterprise Value (EV) 1 20,122 27,841 17,106 15,051 14,130 15,011 15,011 15,011
P/E ratio 14.7 x 18.4 x 14.5 x 13.1 x 9.9 x 9.84 x 8.16 x 7.72 x
Yield 1.25% 0.89% 1.05% 1.19% 2.77% 3.04% 3.34% 3.83%
Capitalization / Revenue 2.18 x 2.54 x 1.45 x 1.17 x 1.13 x 1.13 x 1.08 x 1.05 x
EV / Revenue 2.18 x 2.54 x 1.45 x 1.17 x 1.13 x 1.13 x 1.08 x 1.05 x
EV / EBITDA 7.42 x 8.36 x 6.19 x 5.26 x 4.75 x 4.23 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 1.14 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 18.41 18.41 18.41
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 13,315 13,868 14,260
EBITDA 1 1,810 2,273 2,761 2,859 2,974 3,549 3,916 4,261
EBIT 1 1,066 1,297 1,411 1,399 1,822 1,954 2,326 2,511
Operating Margin 17.31% 17.34% 11.98% 10.86% 14.53% 14.68% 16.77% 17.61%
Earnings before Tax (EBT) 1 1,116 1,299 1,436 1,410 1,831 1,963 2,334 2,520
Net income 1 912.6 1,057 1,163 1,146 1,430 1,528 1,840 1,945
Net margin 14.81% 14.13% 9.88% 8.9% 11.4% 11.48% 13.27% 13.64%
EPS 2 1.190 1.350 1.450 1.410 1.750 1.870 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 0.5600 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 2025 Q2
Net sales 1 - - 3,475 3,265 2,802 3,125 3,035 3,579 2,716 3,207 3,114 3,673 2,957 3,298
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 4/30/24 - - - - -
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% 11.6% 12.1% 12%
ROA (Net income/ Total Assets) 4.86% 4.6% 4.29% 3.66% - 4.07% 4.56% 4.46%
Assets 1 18,797 22,999 27,104 31,283 - 37,543 40,349 43,659
Book Value Per Share 2 8.560 9.750 12.10 13.30 14.90 16.20 18.20 19.40
Cash Flow per Share 2 1.730 2.550 1.090 0.5200 3.040 4.160 4.080 4.000
Capex 1 3,651 3,564 2,000 2,369 2,045 2,252 1,951 1,743
Capex / Sales 59.27% 47.63% 16.98% 18.4% 16.3% 16.91% 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
18.41 CNY
Average target price
22.33 CNY
Spread / Average Target
+21.29%
Consensus

Quarterly revenue - Rate of surprise

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