BEIJING SPC ENVIRONMENT PROTECTION TECH CO., LTD. Financials Beijing SPC Environment Protection Tech Co., Ltd.
Equities
002573
CNE100001278
Environmental Services & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.7 CNY | 0.00% |
|
+0.86% | -5.05% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 7,807 | 6,974 | 5,817 | 10,219 | 7,976 | 7,101 |
| Enterprise Value (EV) 1 | 11,052 | 9,116 | 8,708 | 17,709 | 17,182 | 7,101 |
| P/E ratio | 14.9 x | 18.4 x | 27.7 x | 16.9 x | 17.5 x | 55.5 x |
| Yield | 1.39% | 2.33% | 1.86% | 1.37% | 1.8% | - |
| Capitalization / Revenue | 1.91 x | 2.07 x | 1.41 x | 1.49 x | 0.99 x | 0.82 x |
| EV / Revenue | 2.7 x | 2.7 x | 2.11 x | 2.57 x | 2.14 x | 0.82 x |
| EV / EBITDA | 8.73 x | 10.2 x | 13.6 x | 10.4 x | 9.78 x | 4.25 x |
| EV / FCF | 20.1 x | -39.9 x | -14.7 x | -11.7 x | -17.4 x | - |
| FCF Yield | 4.97% | -2.51% | -6.8% | -8.53% | -5.76% | - |
| Price to Book | 1.68 x | 1.42 x | 1.25 x | 1.68 x | 1.21 x | - |
| Nbr of stocks (in thousands) | 10,81,272 | 10,81,272 | 10,81,272 | 14,03,721 | 14,34,486 | 14,34,486 |
| Reference price 2 | 7.220 | 6.450 | 5.380 | 7.280 | 5.560 | 4.950 |
| Announcement Date | 26/04/19 | 28/04/20 | 24/04/21 | 29/04/22 | 28/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,088 | 3,375 | 4,123 | 6,880 | 8,032 | 8,614 |
| EBITDA 1 | 1,265 | 890.4 | 641.9 | 1,698 | 1,757 | 1,671 |
| EBIT 1 | 837.3 | 560.7 | 251.8 | 966.7 | 979.6 | 861.6 |
| Operating Margin | 20.48% | 16.61% | 6.11% | 14.05% | 12.2% | 10% |
| Earnings before Tax (EBT) 1 | 624.1 | 411.7 | 159 | 712.8 | 631.9 | 262.5 |
| Net income 1 | 524.9 | 379.9 | 210 | 568.2 | 446.4 | 127.4 |
| Net margin | 12.84% | 11.26% | 5.09% | 8.26% | 5.56% | 1.48% |
| EPS 2 | 0.4855 | 0.3513 | 0.1942 | 0.4295 | 0.3172 | 0.0892 |
| Free Cash Flow 1 | 549.3 | -228.5 | -592.1 | -1,511 | -989.3 | - |
| FCF margin | 13.44% | -6.77% | -14.36% | -21.96% | -12.32% | - |
| FCF Conversion (EBITDA) | 43.41% | - | - | - | - | - |
| FCF Conversion (Net income) | 104.65% | - | - | - | - | - |
| Dividend per Share 2 | 0.1000 | 0.1500 | 0.1000 | 0.1000 | 0.1000 | - |
| Announcement Date | 26/04/19 | 28/04/20 | 24/04/21 | 29/04/22 | 28/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3,245 | 2,141 | 2,891 | 7,490 | 9,206 | - |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.564 x | 2.405 x | 4.503 x | 4.41 x | 5.239 x | - |
| Free Cash Flow 1 | 549 | -228 | -592 | -1,511 | -989 | - |
| ROE (net income / shareholders' equity) | 12% | 7.61% | 4.26% | 9.21% | 7.59% | - |
| ROA (Net income/ Total Assets) | 4.48% | 3.39% | 1.51% | 3.18% | 2.71% | - |
| Assets 1 | 11,729 | 11,196 | 13,940 | 17,886 | 16,501 | - |
| Book Value Per Share 2 | 4.300 | 4.530 | 4.320 | 4.340 | 4.600 | - |
| Cash Flow per Share 2 | 0.3500 | 0.3900 | 0.3400 | 1.140 | 1.130 | - |
| Capex 1 | 295 | 196 | 567 | 540 | 1,046 | 920 |
| Capex / Sales | 7.21% | 5.8% | 13.76% | 7.85% | 13.02% | 10.68% |
| Announcement Date | 26/04/19 | 28/04/20 | 24/04/21 | 29/04/22 | 28/04/23 | 29/04/24 |
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. | |
|---|---|---|
| -5.05% | 93Cr | |
| +17.71% | 8.46TCr | |
| +14.14% | 5.93TCr | |
| +16.55% | 2.37TCr | |
| +25.90% | 1.12TCr | |
| +21.55% | 1.14TCr | |
| -9.89% | 623.15Cr | |
| +25.64% | 485.29Cr | |
| +23.42% | 493.39Cr | |
| -2.71% | 308.78Cr |
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