Financials CEVIA Enviro Inc.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 15/05/2024 BST			5-day change	1st Jan Change
12.39 ^CNY	-0.48%		-4.25%	+9.26%

04-28	CEVIA Enviro Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-28	CEVIA Enviro Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,455	7,487	6,806	6,080	7,281	7,955	-	-
Enterprise Value (EV) ¹	5,455	7,487	6,806	6,080	7,281	7,955	7,955	7,955
P/E ratio	8.74 x	10.8 x	7.07 x	5.76 x	6.77 x	6.77 x	6.45 x	5.99 x
Yield	1.15%	0.82%	-	-	-	-	-	-
Capitalization / Revenue	2.41 x	2.21 x	-	0.96 x	1.12 x	1.23 x	1.25 x	1.21 x
EV / Revenue	2.41 x	2.21 x	-	0.96 x	1.12 x	1.23 x	1.25 x	1.21 x
EV / EBITDA	4.14 x	5.54 x	-	2.54 x	2.89 x	2.85 x	2.75 x	2.62 x
EV / FCF	-	-4,631,437 x	-	-	-	-	-	-
FCF Yield	-	-0%	-	-	-	-	-	-
Price to Book	1.82 x	1.59 x	-	0.93 x	0.97 x	0.93 x	0.83 x	0.74 x
Nbr of stocks (in thousands)	496,382	642,078	642,078	642,078	642,078	642,078	-	-
Reference price ²	10.99	11.66	10.60	9.470	11.34	12.39	12.39	12.39
Announcement Date	14/04/20	14/04/21	30/03/22	21/04/23	28/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,263	3,393	-	6,356	6,522	6,450	6,364	6,567
EBITDA ¹	1,317	1,351	-	2,390	2,523	2,791	2,888	3,041
EBIT ¹	895.7	882.6	-	1,489	1,495	1,628	1,709	1,845
Operating Margin	39.58%	26.01%	-	23.43%	22.92%	25.24%	26.85%	28.1%
Earnings before Tax (EBT) ¹	861.5	854.7	-	1,487	1,485	1,619	1,699	1,835
Net income ¹	624.1	614.2	962.8	1,056	1,075	1,172	1,230	1,329
Net margin	27.58%	18.1%	-	16.62%	16.48%	18.17%	19.33%	20.24%
EPS ²	1.257	1.076	1.500	1.645	1.674	1.830	1.920	2.070
Free Cash Flow	-	-1,616	-	-	-	-	-	-
FCF margin	-	-47.64%	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.1260	0.0960	-	-	-	-	-	-
Announcement Date	14/04/20	14/04/21	30/03/22	21/04/23	28/04/24	-	-	-

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	-	-1,616	-	-	-	-	-	-
ROE (net income / shareholders' equity)	21.6%	16.7%	-	17.4%	15.4%	13.4%	12.5%	12.1%
ROA (Net income/ Total Assets)	7.19%	5.51%	-	-	-	-	-	-
Assets ¹	8,677	11,148	-	-	-	-	-	-
Book Value Per Share ²	6.030	7.320	-	10.20	11.70	13.30	14.90	16.70
Cash Flow per Share ²	2.390	1.480	-	2.560	2.340	2.560	3.480	4.350
Capex ¹	923	2,567	-	2,592	2,717	442	442	766
Capex / Sales	40.77%	75.67%	-	40.78%	41.66%	6.85%	6.94%	11.66%
Announcement Date	14/04/20	14/04/21	30/03/22	21/04/23	28/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

12.39 CNY

Average target price

16.17 CNY

Spread / Average Target

+30.51%

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