FUJIAN HAIXIA ENVIRONMENTAL PROTECTION GROUP CO.,LTD. Financials Fujian Haixia Environmental Protection Group Co.,Ltd.
Equities
603817
CNE100002YS3
Water Utilities
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.96 CNY | +1.64% |
|
+5.31% | -22.26% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,704 | 3,033 | 2,700 | 2,805 | 3,233 | 3,409 |
| Enterprise Value (EV) 1 | 3,513 | 4,233 | 3,846 | 4,283 | 4,594 | 5,077 |
| P/E ratio | 23.2 x | 23.6 x | 20.8 x | 19.3 x | 20.1 x | 23.6 x |
| Yield | 0.87% | 0.86% | 0.97% | 1.06% | 0.93% | 0.86% |
| Capitalization / Revenue | 5.61 x | 4.73 x | 3.68 x | 3.15 x | 3.09 x | 3.23 x |
| EV / Revenue | 7.28 x | 6.61 x | 5.25 x | 4.82 x | 4.4 x | 4.82 x |
| EV / EBITDA | 12.6 x | 11.7 x | 9.49 x | 9.68 x | 9.87 x | 11.8 x |
| EV / FCF | -9.44 x | -8.74 x | 35.6 x | -23 x | -11.5 x | -42.6 x |
| FCF Yield | -10.6% | -11.4% | 2.81% | -4.34% | -8.7% | -2.35% |
| Price to Book | 1.78 x | 1.77 x | 1.49 x | 1.45 x | 1.26 x | 1.27 x |
| Nbr of stocks (in thousands) | 450,000 | 450,000 | 450,005 | 450,168 | 534,347 | 534,358 |
| Reference price 2 | 6.010 | 6.740 | 6.000 | 6.230 | 6.050 | 6.380 |
| Announcement Date | 25/04/19 | 09/04/20 | 08/04/21 | 25/04/22 | 24/04/23 | 24/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 482.5 | 640.6 | 732.8 | 889.6 | 1,045 | 1,054 |
| EBITDA 1 | 279.3 | 362.7 | 405.2 | 442.5 | 465.3 | 429 |
| EBIT 1 | 159.9 | 197.4 | 215.6 | 237.7 | 241.8 | 220.5 |
| Operating Margin | 33.14% | 30.82% | 29.42% | 26.72% | 23.14% | 20.91% |
| Earnings before Tax (EBT) 1 | 145.2 | 148.7 | 154 | 166.9 | 174.9 | 156.5 |
| Net income 1 | 116.6 | 130.1 | 130 | 146.5 | 147.9 | 144.3 |
| Net margin | 24.17% | 20.32% | 17.75% | 16.46% | 14.16% | 13.69% |
| EPS 2 | 0.2592 | 0.2858 | 0.2882 | 0.3222 | 0.3005 | 0.2701 |
| Free Cash Flow 1 | -372.1 | -484.3 | 108.1 | -186 | -399.5 | -119.3 |
| FCF margin | -77.13% | -75.61% | 14.75% | -20.91% | -38.24% | -11.32% |
| FCF Conversion (EBITDA) | - | - | 26.67% | - | - | - |
| FCF Conversion (Net income) | - | - | 83.09% | - | - | - |
| Dividend per Share 2 | 0.0520 | 0.0580 | 0.0580 | 0.0660 | 0.0560 | 0.0550 |
| Announcement Date | 25/04/19 | 09/04/20 | 08/04/21 | 25/04/22 | 24/04/23 | 24/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 808 | 1,200 | 1,146 | 1,479 | 1,361 | 1,668 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.894 x | 3.308 x | 2.827 x | 3.342 x | 2.925 x | 3.888 x |
| Free Cash Flow 1 | -372 | -484 | 108 | -186 | -399 | -119 |
| ROE (net income / shareholders' equity) | 7.6% | 7.23% | 6.31% | 6.46% | 5.66% | 4.74% |
| ROA (Net income/ Total Assets) | 3.82% | 3.43% | 3.18% | 3.14% | 2.81% | 2.29% |
| Assets 1 | 3,051 | 3,792 | 4,090 | 4,658 | 5,272 | 6,292 |
| Book Value Per Share 2 | 3.380 | 3.800 | 4.030 | 4.300 | 4.790 | 5.020 |
| Cash Flow per Share 2 | 0.3300 | 0.6600 | 0.7800 | 0.6900 | 0.9000 | 0.8700 |
| Capex 1 | 598 | 546 | 254 | 300 | 343 | 385 |
| Capex / Sales | 123.97% | 85.2% | 34.62% | 33.7% | 32.87% | 36.57% |
| Announcement Date | 25/04/19 | 09/04/20 | 08/04/21 | 25/04/22 | 24/04/23 | 24/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -22.26% | 359M | |
| 0.00% | 1.2B | |
| +19.45% | 1.11B | |
| +3.96% | 1.11B | |
| +8.01% | 673M | |
| -16.25% | 548M | |
| -13.45% | 528M | |
| +24.39% | 527M | |
| -0.05% | 508M | |
| -22.62% | 496M |
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- Financials Fujian Haixia Environmental Protection Group Co.,Ltd.
