Financials Chengdu Xingrong Environment Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 26/04/2024 am IST			5-day change	1st Jan Change
7.06 ^CNY	-1.67%		-2.35%	+24.08%

25/04	Chengdu Xingrong Environment Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
01/03	Chengdu Xingrong Environment's Profit Rises 14% in 2023	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,745	14,249	18,761	14,516	16,891	20,954	-	-
Enterprise Value (EV) ¹	13,745	14,249	18,761	14,516	16,891	20,954	20,954	20,954
P/E ratio	12.9 x	11.2 x	12.6 x	9.02 x	9.18 x	10.2 x	9.29 x	8.61 x
Yield	1.94%	2.08%	1.61%	2.29%	-	-	-	-
Capitalization / Revenue	2.84 x	2.65 x	2.79 x	1.9 x	2.09 x	2.35 x	2.12 x	1.97 x
EV / Revenue	2.84 x	2.65 x	2.79 x	1.9 x	2.09 x	2.35 x	2.12 x	1.97 x
EV / EBITDA	6.78 x	6.01 x	6.66 x	4.2 x	4.84 x	5.13 x	4.44 x	4.04 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.23 x	1.17 x	1.4 x	0.99 x	1.02 x	1.16 x	1.06 x	0.97 x
Nbr of stocks (in thousands)	29,68,576	29,68,576	29,68,576	29,68,576	29,68,576	29,68,006	-	-
Reference price ²	4.630	4.800	6.320	4.890	5.690	7.060	7.060	7.060
Announcement Date	03/03/20	23/02/21	01/03/22	28/02/23	28/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,838	5,371	6,732	7,630	8,087	8,914	9,878	10,628
EBITDA ¹	2,027	2,372	2,819	3,458	3,488	4,086	4,718	5,190
EBIT ¹	1,303	1,562	1,771	1,972	2,173	2,411	2,690	2,877
Operating Margin	26.94%	29.08%	26.3%	25.85%	26.87%	27.05%	27.23%	27.07%
Earnings before Tax (EBT) ¹	1,311	1,566	1,774	1,963	2,182	2,421	2,699	2,887
Net income ¹	1,081	1,298	1,494	1,618	1,843	2,045	2,281	2,439
Net margin	22.35%	24.18%	22.2%	21.2%	22.8%	22.94%	23.09%	22.95%
EPS ²	0.3600	0.4300	0.5000	0.5419	0.6200	0.6900	0.7600	0.8200
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.0900	0.1000	0.1020	0.1120	-	-	-	-
Announcement Date	03/03/20	23/02/21	01/03/22	28/02/23	28/02/24	-	-	-

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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	10%	11%	11.6%	11.5%	11.9%	10.8%	11.1%	10.9%
ROA (Net income/ Total Assets)	4.68%	4.62%	4.55%	4.44%	-	-	-	-
Assets ¹	23,129	28,116	32,861	36,425	-	-	-	-
Book Value Per Share ²	3.770	4.110	4.510	4.950	5.570	6.090	6.670	7.270
Cash Flow per Share ²	0.6300	0.9200	0.9100	1.110	1.140	1.370	1.650	1.660
Capex ¹	2,989	3,972	3,745	4,191	4,443	3,947	4,235	3,832
Capex / Sales	61.79%	73.95%	55.63%	54.93%	54.94%	44.28%	42.87%	36.06%
Announcement Date	03/03/20	23/02/21	01/03/22	28/02/23	28/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.06 CNY

Average target price

8.28 CNY

Spread / Average Target

+17.28%

	1st Jan change	Capi.
CHENGDU XINGRONG ENVIRONMENT CO., LTD.	+24.08%	2.89B
COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP	+9.19%	10.97B
ESSENTIAL UTILITIES, INC.	-3.37%	9.87B
SEVERN TRENT PLC	-4.69%	9.16B
UNITED UTILITIES GROUP PLC	-1.98%	8.82B
BEIJING CAPITAL ECO-ENVIRONMENT PROTECTION GROUP CO., LTD.	+7.06%	2.92B
CALIFORNIA WATER SERVICE GROUP	-7.60%	2.77B
AMERICAN STATES WATER COMPANY	-13.07%	2.6B
PENNON GROUP PLC	-11.44%	2.37B
AGUAS ANDINAS S.A.	-5.83%	1.69B