Financials EIT Environmental Development Group Co.,Ltd

Equities

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
13.76 ^CNY	+1.03%		+3.93%	-5.75%

26/04	EIT Environmental Development Group Co.,Ltd Proposes Final Cash Dividend for the Year 2023	CI
25/04	EIT Environmental Development Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2020	2021	2023	2024	2025	2026
Capitalization ¹	12,857	8,465	5,819	5,485	-	-
Enterprise Value (EV) ¹	12,857	8,465	5,819	5,485	5,485	5,485
P/E ratio	19.9 x	17.9 x	11.1 x	8.27 x	7.16 x	6.3 x
Yield	1.21%	0.84%	-	-	-	-
Capitalization / Revenue	2.98 x	1.75 x	0.94 x	0.76 x	0.69 x	0.6 x
EV / Revenue	2.98 x	1.75 x	0.94 x	0.76 x	0.69 x	0.6 x
EV / EBITDA	11.9 x	10.4 x	5.6 x	4.27 x	3.74 x	3.41 x
EV / FCF	-	-	-	8.54 x	6.47 x	4.89 x
FCF Yield	-	-	-	11.7%	15.5%	20.5%
Price to Book	5.03 x	2.94 x	1.61 x	1.31 x	1.13 x	0.99 x
Nbr of stocks (in thousands)	3,98,594	3,98,594	3,98,592	3,98,592	-	-
Reference price ²	32.26	21.24	14.60	13.76	13.76	13.76
Announcement Date	29/03/21	28/03/22	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,595	4,315	4,834	-	6,161	7,226	7,988	9,105
EBITDA ¹	-	1,080	816.6	-	1,039	1,286	1,465	1,606
EBIT ¹	-	896.9	673.1	-	759.2	950.5	1,093	1,249
Operating Margin	-	20.78%	13.92%	-	12.32%	13.15%	13.68%	13.72%
Earnings before Tax (EBT) ¹	-	865.7	661.7	-	744.9	938.5	1,081	1,236
Net income ¹	-	631	472.5	494.3	521.1	662.1	766.5	872.4
Net margin	-	14.62%	9.78%	-	8.46%	9.16%	9.6%	9.58%
EPS ²	-	1.618	1.188	-	1.310	1.663	1.922	2.185
Free Cash Flow ¹	-	-	-	-	-	642	848	1,122
FCF margin	-	-	-	-	-	8.88%	10.62%	12.32%
FCF Conversion (EBITDA)	-	-	-	-	-	49.94%	57.89%	69.84%
FCF Conversion (Net income)	-	-	-	-	-	96.97%	110.63%	128.61%
Dividend per Share	-	0.3889	0.1778	-	-	-	-	-
Announcement Date	27/04/20	29/03/21	28/03/22	24/04/23	25/04/24	-	-	-

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	-	-	-	-	-	642	848	1,122
ROE (net income / shareholders' equity)	37.3%	29%	17.4%	16%	15%	15.8%	15.8%	15.6%
ROA (Net income/ Total Assets)	-	17.5%	9.67%	-	-	7.97%	8.94%	8.53%
Assets ¹	-	3,602	4,885	-	-	8,307	8,574	10,228
Book Value Per Share ²	-	6.420	7.230	-	9.090	10.50	12.20	14.00
Cash Flow per Share ²	-	1.310	1.550	-	0.8200	1.660	1.950	2.650
Capex ¹	-	384	466	-	447	252	290	356
Capex / Sales	-	8.9%	9.64%	-	7.26%	3.49%	3.63%	3.91%
Announcement Date	27/04/20	29/03/21	28/03/22	24/04/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.76 CNY

Average target price

18.76 CNY

Spread / Average Target

+36.34%

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