Financials Shanghai CEO Environmental Protection Technology Co., Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 23:00:00 16/05/2024 BST			5-day change	1st Jan Change
9.78 ^CNY	+2.19%		-0.91%	-23.77%

04-26	Shanghai CEO Environmental Protection Technology Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	Tranche Update on Shanghai CEO Environmental Protection Technology Co., Ltd's Equity Buyback Plan announced on August 22, 2023.	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,712	2,400	2,113	1,895	1,418	-	-
Enterprise Value (EV) ¹	2,712	2,400	2,113	1,895	1,418	1,418	1,418
P/E ratio	-	36.4 x	18.3 x	18.9 x	20.4 x	16.6 x	14.2 x
Yield	-	-	-	2.73%	1.64%	2.04%	2.35%
Capitalization / Revenue	7.21 x	-	-	3.29 x	3.6 x	3.05 x	2.52 x
EV / Revenue	7.21 x	-	-	3.29 x	3.6 x	3.05 x	2.52 x
EV / EBITDA	-	-	-	10.4 x	10.1 x	7.63 x	5.29 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	2.52 x	-	-	1.51 x	1.13 x	1.07 x	1.02 x
Nbr of stocks (in thousands)	147,219	147,219	147,219	147,698	145,038	-	-
Reference price ²	18.42	16.31	14.35	12.83	9.780	9.780	9.780
Announcement Date	24/02/21	25/02/22	30/03/23	26/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	376.1	-	-	576.1	394	465	564
EBITDA ¹	-	-	-	182	140	186	268
EBIT ¹	76	-	-	119.6	78	95	112
Operating Margin	20.21%	-	-	20.75%	19.8%	20.43%	19.86%
Earnings before Tax (EBT) ¹	75.67	-	-	107.2	79	96	113
Net income ¹	67.24	65.9	115.3	100	71	87	102
Net margin	17.88%	-	-	17.37%	18.02%	18.71%	18.09%
EPS ²	-	0.4483	0.7862	0.6800	0.4800	0.5900	0.6900
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.3500	0.1600	0.2000	0.2300
Announcement Date	24/02/21	25/02/22	30/03/23	26/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	12.6%	-	-	8.02%	5.53%	6.45%	7.18%
ROA (Net income/ Total Assets)	-	-	-	6.5%	4.83%	5.56%	6.05%
Assets ¹	-	-	-	1,539	1,470	1,565	1,686
Book Value Per Share ²	7.330	-	-	8.490	8.670	9.100	9.590
Cash Flow per Share ²	-	-	-	-0.0800	1.870	1.120	1.620
Capex ¹	-	-	-	138	93	104	76
Capex / Sales	-	-	-	23.98%	23.6%	22.37%	13.48%
Announcement Date	24/02/21	25/02/22	30/03/23	26/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9.78 CNY

Average target price

11.52 CNY

Spread / Average Target

+17.79%

	1st Jan change	Capi.
SHANGHAI CEO ENVIRONMENTAL PROTECTION TECHNOLOGY CO., LTD	-23.77%	196M
DONALDSON COMPANY, INC.	+12.90%	8.88B
ORGANO CORPORATION	+41.27%	2.44B
EUREKA FORBES LIMITED	-10.44%	1.02B
CECO ENVIRONMENTAL CORP.	+22.34%	867M
ION EXCHANGE (INDIA) LIMITED	-6.54%	782M
NEDERMAN HOLDING AB	+23.40%	726M
MONTANA TECHNOLOGIES CORPORATION	+23.74%	715M
MAYAIR TECHNOLOGY (CHINA) CO., LTD.	-16.27%	592M
SUZHOU ALTON ELECTRICAL & MECHANICAL INDUSTRY CO., LTD.	+12.15%	559M