View ValuationChina Everbright Greentech 将来の成長Future 基準チェック /36China Everbright Greentech利益と収益がそれぞれ年間55.1%と0.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に3.6% 55.7%なると予測されています。主要情報55.1%収益成長率55.72%EPS成長率Renewable Energy 収益成長6.8%収益成長率0.3%将来の株主資本利益率3.55%アナリストカバレッジLow最終更新日02 Apr 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Huaqiang Li was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 18China Everbright Greentech Limited, Annual General Meeting, May 15, 2026China Everbright Greentech Limited, Annual General Meeting, May 15, 2026. Location: library, mezzanine floor, grand hyatt hong kong, 1 harbour road, wan chai, Hong Kongお知らせ • Mar 05China Everbright Greentech Limited to Report Fiscal Year 2025 Results on Mar 18, 2026China Everbright Greentech Limited announced that they will report fiscal year 2025 results on Mar 18, 2026お知らせ • Jul 25+ 2 more updatesChina Everbright Greentech Limited to Report First Half, 2025 Results on Aug 15, 2025China Everbright Greentech Limited announced that they will report first half, 2025 results on Aug 15, 2025お知らせ • Jun 13China Everbright Greentech Limited Appoints Mao Jing as A Member of the Nomination Committee, Effective June 13, 2025China Everbright Greentech Limited announces that Ms. MAO Jing, a non-executive Director, has been appointed as a member of the nomination committee of the Company with effect from 13 June 2025.お知らせ • Mar 19China Everbright Greentech Limited, Annual General Meeting, May 08, 2025China Everbright Greentech Limited, Annual General Meeting, May 08, 2025. Location: drawing room, mezzanine floor, grand hyatt hong kong, 1 harbour road., wanchai, Hong Kongお知らせ • Mar 05China Everbright Greentech Limited to Report Fiscal Year 2024 Results on Mar 18, 2025China Everbright Greentech Limited announced that they will report fiscal year 2024 results on Mar 18, 2025お知らせ • Sep 27China Everbright Greentech Limited Announces Board and Committee ChangesThe board of directors of China Everbright Greentech Limited announced that, due to the age-related reason, Mr. HUANG Haiqing resigned as the non-executive director and chairman of the Board and the chairman of the nomination committee of the Company with effect from 27 September 2024. Mr. HUANG has been a Non-executive Director and Chairman of the Board and the chairman of the Nomination Committee since June 2022. With effect from 27 September 2024, after considering the recommendation of the Nomination Committee, the Board appointed Mr. WANG Silian as the Non-executive Director and Chairman of the Board and the chairman of the Nomination Committee. Mr. WANG was also appointed in place of Mr. HUANG as the executive director and chairman of the board, the chairman of the nomination committee and a member of the remuneration committee of China Everbright Environment Group Limited, a controlling shareholder of the Company which is listed on the Main Board of the Stock Exchange. Mr. WANG Silian, aged 51, prior to joining the Group, Mr. WANG was the vice chairman and president of China CYTS Tours Holding Co. Ltd. and the chairman of Bravolinks Integrated Marketing Co. Ltd. both of which are connected persons of the Company. He was also the deputy general manager of the Human Resources Department of China Everbright Bank Company Limited, a subsidiary of China Everbright Group Ltd., which is an indirect controlling shareholder of the Company. Mr. WANG holds a master degree in military science from the Dalian Naval Academy of the People's Liberation Army Navy.Upcoming Dividend • Sep 10Upcoming dividend of HK$0.014 per shareEligible shareholders must have bought the stock before 17 September 2024. Payment date: 15 October 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.7%).Declared Dividend • Aug 19Dividend of HK$0.014 announcedShareholders will receive a dividend of HK$0.014. Ex-date: 17th September 2024 Payment date: 15th October 2024 Dividend yield will be 21%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments.Reported Earnings • Aug 19First half 2024 earnings released: EPS: HK$0.07 (vs HK$0.13 in 1H 2023)First half 2024 results: EPS: HK$0.07 (down from HK$0.13 in 1H 2023). Revenue: HK$3.51b (down 8.2% from 1H 2023). Net income: HK$143.9m (down 46% from 1H 2023). Profit margin: 4.1% (down from 6.9% in 1H 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.お知らせ • Aug 16China Everbright Greentech Limited Announces Interim Dividend for the Six Months Ended June 30, 2024, Payable on October 15, 2024China Everbright Greentech Limited announced interim dividend of HKD 0.014 per share for the six months ended June 30, 2024. Ex-dividend date is September 18, 2024. Record date is September 24, 2024. Payment date is October 15, 2024.お知らせ • Jul 26China Everbright Greentech Limited to Report First Half, 2024 Results on Aug 16, 2024China Everbright Greentech Limited announced that they will report first half, 2024 results on Aug 16, 2024Buy Or Sell Opportunity • Jul 01Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 9.3% to €0.076. The fair value is estimated to be €0.062, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Jun 28Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 8.7% to €0.075. The fair value is estimated to be €0.061, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • May 10Now 22% overvaluedOver the last 90 days, the stock has fallen 7.2% to €0.077. The fair value is estimated to be €0.064, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Apr 21Full year 2023 earnings released: HK$0.15 loss per share (vs HK$0.17 profit in FY 2022)Full year 2023 results: HK$0.15 loss per share (down from HK$0.17 profit in FY 2022). Revenue: HK$7.42b (down 7.8% from FY 2022). Net loss: HK$301.7m (down 189% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Apr 12Now 20% overvaluedOver the last 90 days, the stock has fallen 25% to €0.076. The fair value is estimated to be €0.063, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Mar 28+ 1 more updateChina Everbright Greentech Limited Announces Resignation of LO Kam Fan as Chief Financial Officer, Effective 31 March 2024The board of directors of China Everbright Greentech Limited announced that Mr. LO Kam Fan will resign as Chief Financial Officer of the Company with effect from 31 March 2024 in order to devote more time to his family commitments.Buy Or Sell Opportunity • Mar 26Now 27% overvaluedOver the last 90 days, the stock has fallen 7.8% to €0.095. The fair value is estimated to be €0.075, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Mar 16China Everbright Greentech Limited, Annual General Meeting, May 14, 2024China Everbright Greentech Limited, Annual General Meeting, May 14, 2024. Location: Salon I & II, Mezzanine Floor, Grand Hyatt Hong Kong 1 Harbour Road, Wan Chai, Wan Chai Hong KongReported Earnings • Mar 15Full year 2023 earnings released: HK$0.15 loss per share (vs HK$0.17 profit in FY 2022)Full year 2023 results: HK$0.15 loss per share (down from HK$0.17 profit in FY 2022). Revenue: HK$7.42b (down 7.8% from FY 2022). Net loss: HK$301.7m (down 189% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.お知らせ • Mar 02China Everbright Greentech Limited to Report Fiscal Year 2023 Results on Mar 15, 2024China Everbright Greentech Limited announced that they will report fiscal year 2023 results on Mar 15, 2024Buy Or Sell Opportunity • Mar 01Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.6% to €0.078. The fair value is estimated to be €0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to decline by 3.8% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.お知らせ • Feb 29China Everbright Greentech Limited Announces Resignation of GUO Ying as Non-Executive DirectorThe board of directors of China Everbright Greentech Limited announced that, Ms. GUO Ying (‘Ms. GUO’) has reached the retirement age and resigned from the position of the non-executive director of the Company with effect from 29 February 2024. Ms. GUO has confirmed that she has no disagreement with the Board, and save as disclosed in this announcement, there are no other matters relating to Ms. GUO that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the ‘Stock Exchange’). As at the date of this announcement, the members of the Board comprise: Mr. HUANG Haiqing (Chairman, Non-executive Director); Mr. ZHU Fugang (Chief Executive Officer, Executive Director); Mr. LO Kam Fan (Chief Financial Officer, Executive Director); Mr. SONG Jian (Non-executive Director); Mr. CHOW Siu Lui (Independent Non-executive Director); Prof. YAN Houmin (Independent Non-executive Director); Mr. LI Huaqiang (Independent Non-executive Director).お知らせ • Feb 09+ 1 more updateChina Everbright Greentech Limited Announces Changes to its BoardThe board of directors of China Everbright Greentech Limited announced that, with effect from 9 February 2024: Mr. QIAN Xiaodong (‘Mr. QIAN’) has resigned as an executive Director (the ‘Executive Director’) and the chairman of the sustainability committee of the Company and a member of the remuneration committee of the Company due to his re-designation as vice president of China Everbright Holdings Company Limited, the indirect controlling shareholder of the Company; and Mr. Philip TSAO (‘Mr. TSAO’) has resigned as an independent non-executive Director (‘Independent Non-executive Director’), the chairman of the Remuneration Committee and a member of each of the audit and risk management committee of the Company, the nomination committee of the Company and the Sustainability Committee due to his intention to focus on his role in the bank with which he is employed. The Board announced that, Mr. ZHU Fugang (‘Mr. ZHU’), an Executive Director and the vice president of the Company (the ‘Vice President’), has been re-designated as an Executive Director and has been appointed as the chairman of the Sustainability Committee and a member of the Remuneration Committee with effect from 9 February 2024. Mr. ZHU Fugang, aged 44, is an Executive Director and the Vice President. Mr. ZHU currently serves as general manager of Everbright Greentech Environmental Protection Clean Energy Administrative Centre, general manager of a subsidiary of the Group, namely EB Greentech Technology Services (Jiangsu) Limited, and a director of numerous subsidiaries and certain joint ventures and associated companies of the Group. Prior to joining the Group, he served as president of eco-recycling sector in China Everbright Environment Group Limited, vice president of each of Everbright Environmental Protection (China) Company Limited and Everbright Envirotech (China) Limited, wholly-owned subsidiaries of CEEGL, and general manager of each of Everbright Environmental Energy (Changzhou) Co., Ltd, Everbright Environmental Energy (Nanjing) Limited and Everbright Environmental Testing (Nanjing) Company Limited, wholly-owned subsidiaries of CEEGL. Mr. ZHU holds a master's degree in business administration and doctoral degree in engineering from Southeast University and at the same time qualified as a senior engineer. Mr. ZHU joined the Group in September 2019 and joined the Board in December 2022. The Board announced that, Mr. LI Huaqiang (‘Mr. LI’) has been appointed as an Independent Non-executive Director and a member of each of the Audit and Risk Management Committee, the Remuneration Committee, the Nomination Committee and the Sustainability Committee with effect from 9 February 2024. Mr. LI Huaqiang, aged 65, is currently an independent non-executive director of Huabang Technology Holdings Limited, the external director of Hunan Xiangtou Holdings Group Co. Ltd., an independent director of Chinalco Advanced Manufacturing Co. Ltd., Sun Life Everbright Asset Management Company Limited, First-Trust Fund Management Co. Ltd. and Xiandaitouzi Co. Ltd. Mr. LI is also a researcher at the School of Government Peking University, a master's instructor at the Central University of Finance and Economics and an entrepreneurship instructor at the Innovation and Entrepreneurship Center of Global University Student of Peking University. He served as a member of the Asset Securitization Expert Committee of the Shenzhen Stock Exchange, the vice president of the Securities Association of Zhejiang and a director of the Shanghai Securities Association. He also served in a large state-owned metallurgical enterprise successively as a secretary of the Communist Youth League Committee, deputy branch factory director and general manager, a deputy general manager of the investment banking headquarter of Guosen Securities Company Limited, the chairman of the board of directors and the president of Founder Securities Company Limited, the vice president of Huaxi Securities Company Limited, a director and the president of Chinalin Securities Company Limited, the head of capital market department of non-banking department, the head of the First Division of Securities and Second Division of Securities of Central Huijin Investment Ltd., a non-executive director of China Investment Securities Company Limited, the vice chairman of China Securities Co. Ltd., a director of China Everbright Group Limited, an indirect controlling shareholder of the Company, and a non-executive director of China Everbright Bank Company Limited. Mr. LI holds a bachelor's degree in metal materials engineering from University of Science and Technology Beijing, a master's degree in master of business administration from Business School of Central South University and a master's degree in executive master of business administration from Guanghua School of Management of Peking University. Following the resignation of Mr. TSAO as the chairman of the Remuneration Committee, the Board announced that, Prof. YAN Houmin, an Independent Non-executive Director, has been appointed as the chairman of the Remuneration Committee with effect from 9 February 2024. The Board announced that, Mr. QIAN has ceased to act as an authorised representative of the Company following his resignation and Mr. ZHU, a newly re-designated Executive Director and Chief Executive Officer, has been appointed as an Authorised Representative under the Listing Rules with effect from 9 February 2024. The Authorised Representatives under the Listing Rules are Mr. ZHU and Mr. LO Kam Fan, Executive Director, with effect from 9 February 2024.Upcoming Dividend • Sep 05Upcoming dividend of HK$0.025 per share at 5.7% yieldEligible shareholders must have bought the stock before 12 September 2023. Payment date: 09 October 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.6%).New Risk • Aug 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin).Reported Earnings • Aug 13First half 2023 earnings released: EPS: HK$0.13 (vs HK$0.18 in 1H 2022)First half 2023 results: EPS: HK$0.13 (down from HK$0.18 in 1H 2022). Revenue: HK$3.82b (down 9.5% from 1H 2022). Net income: HK$263.9m (down 29% from 1H 2022). Profit margin: 6.9% (down from 8.8% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.お知らせ • Aug 12China Everbright Greentech Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 9 October 2023China Everbright Greentech Limited announced interim dividend of HKD 0.025 per share for the six months ended 30 June 2023. Ex-dividend date is 12 September 2023. Record date is 18 September 2023. Payment date is 9 October 2023.お知らせ • Jul 24China Everbright Greentech Limited to Report First Half, 2023 Results on Aug 11, 2023China Everbright Greentech Limited announced that they will report first half, 2023 results on Aug 11, 2023New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin).Reported Earnings • Mar 25Full year 2022 earnings released: EPS: HK$0.17 (vs HK$0.54 in FY 2021)Full year 2022 results: EPS: HK$0.17 (down from HK$0.54 in FY 2021). Revenue: HK$8.05b (down 4.7% from FY 2021). Net income: HK$340.2m (down 69% from FY 2021). Profit margin: 4.2% (down from 13% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10.0% decline forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Buying Opportunity • Nov 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 31% in the next 2 years.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Philip Tsao was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Aug 31Upcoming dividend of HK$0.036 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.8%).Reported Earnings • Aug 10First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$702.0m from profit in 1H 2021). Profit margin: (down from 16% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.0% compared to a 14% decline forecast for the industry in Germany.Upcoming Dividend • May 12Upcoming dividend of HK$0.04 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.8%).Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Philip Tsao was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 09Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: HK$0.54 (down from HK$0.73 in FY 2020). Revenue: HK$8.45b (down 14% from FY 2020). Net income: HK$1.11b (down 26% from FY 2020). Profit margin: 13% (down from 15% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 6.8% compared to a 32% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Aug 31Upcoming dividend of HK$0.07 per shareEligible shareholders must have bought the stock before 07 September 2021. Payment date: 04 October 2021. Trailing yield: 5.2%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.6%).Reported Earnings • Aug 11First half 2021 earnings released: EPS HK$0.34 (vs HK$0.40 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: HK$4.32b (up 1.7% from 1H 2020). Net income: HK$702.0m (down 15% from 1H 2020). Profit margin: 16% (down from 19% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 17Upcoming dividend of HK$0.07 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 11 June 2021. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.9%).Reported Earnings • Apr 03Full year 2020 earnings released: EPS HK$0.73 (vs HK$0.79 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$9.84b (up 6.0% from FY 2019). Net income: HK$1.50b (down 7.3% from FY 2019). Profit margin: 15% (down from 18% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 06Full year 2020 earnings released: EPS HK$0.73 (vs HK$0.79 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$9.84b (up 6.0% from FY 2019). Net income: HK$1.50b (down 7.3% from FY 2019). Profit margin: 15% (down from 18% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Mar 06Revenue misses expectationsRevenue missed analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 6.3%, compared to a 28% growth forecast for the Renewable Energy industry in Germany.Is New 90 Day High Low • Jan 15New 90-day high: €0.40The company is up 11% from its price of €0.36 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.93 per share.Is New 90 Day High Low • Dec 12New 90-day low: €0.31The company is down 5.0% from its price of €0.33 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.44 per share.Is New 90 Day High Low • Oct 29New 90-day low: €0.31The company is down 18% from its price of €0.38 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.39 per share.Is New 90 Day High Low • Sep 29New 90-day low: €0.32The company is down 5.0% from its price of €0.34 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.39 per share.業績と収益の成長予測DB:CK7 - アナリストの将来予測と過去の財務データ ( )HKD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20276,768418N/A1,732212/31/20266,660300N/A1,991212/31/20256,7291132,9923,455N/A9/30/20256,800-1281,8692,365N/A6/30/20256,871-3697471,274N/A3/31/20256,924-3928101,372N/A12/31/20246,977-4158731,470N/A9/30/20247,040-4195601,244N/A6/30/20247,103-4222481,018N/A3/31/20247,260-362-620446N/A12/31/20237,417-302-1,487-126N/A9/30/20237,532-35-1,459-15N/A6/30/20237,648232-1,43196N/A3/31/20237,848286-1,702-162N/A12/31/20228,048340-1,974-420N/A9/30/20228,198560-2,217-419N/A6/30/20228,349780-2,461-418N/A3/31/20228,398945-2,3954N/A12/31/20218,4471,110-2,329427N/A9/30/20219,1781,246-2,834391N/A6/30/20219,9081,382-3,340356N/A3/31/20219,8721,442-3,588-266N/A12/31/20209,8351,503-3,836-888N/A9/30/20209,5601,567-3,800-928N/A6/30/20209,2841,631-3,763-968N/A3/31/20209,2821,626-3,877-553N/A12/31/20199,2801,621-3,991-138N/A9/30/20198,6851,557N/A-109N/A6/30/20198,0901,493N/A-81N/A3/31/20197,5461,409N/A-161N/A12/31/20187,0021,325N/A-241N/A9/30/20186,3451,233N/A-384N/A6/30/20185,6871,141N/A-527N/A3/31/20185,1341,047N/A-304N/A12/31/20174,581954N/A-80N/A9/30/20174,176884N/A341N/A6/30/20173,839795N/A517N/A3/31/20173,419712N/A509N/A12/31/20163,000629N/A500N/A9/30/20162,649555N/A261N/A12/31/20151,203272N/A-30N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: CK7の予測収益成長率 (年間55.1% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: CK7の収益 ( 55.1% ) はGerman市場 ( 17.1% ) よりも速いペースで成長すると予測されています。高成長収益: CK7の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: CK7の収益 ( 0.3% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: CK7の収益 ( 0.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: CK7の 自己資本利益率 は、3年後には低くなると予測されています ( 3.6 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 13:57終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋China Everbright Greentech Limited 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関Ka SoCCB International Securities LimitedHuiJie ChanCEB International Capital Corporation LimitedKeith LiCGS International13 その他のアナリストを表示
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Huaqiang Li was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 18China Everbright Greentech Limited, Annual General Meeting, May 15, 2026China Everbright Greentech Limited, Annual General Meeting, May 15, 2026. Location: library, mezzanine floor, grand hyatt hong kong, 1 harbour road, wan chai, Hong Kong
お知らせ • Mar 05China Everbright Greentech Limited to Report Fiscal Year 2025 Results on Mar 18, 2026China Everbright Greentech Limited announced that they will report fiscal year 2025 results on Mar 18, 2026
お知らせ • Jul 25+ 2 more updatesChina Everbright Greentech Limited to Report First Half, 2025 Results on Aug 15, 2025China Everbright Greentech Limited announced that they will report first half, 2025 results on Aug 15, 2025
お知らせ • Jun 13China Everbright Greentech Limited Appoints Mao Jing as A Member of the Nomination Committee, Effective June 13, 2025China Everbright Greentech Limited announces that Ms. MAO Jing, a non-executive Director, has been appointed as a member of the nomination committee of the Company with effect from 13 June 2025.
お知らせ • Mar 19China Everbright Greentech Limited, Annual General Meeting, May 08, 2025China Everbright Greentech Limited, Annual General Meeting, May 08, 2025. Location: drawing room, mezzanine floor, grand hyatt hong kong, 1 harbour road., wanchai, Hong Kong
お知らせ • Mar 05China Everbright Greentech Limited to Report Fiscal Year 2024 Results on Mar 18, 2025China Everbright Greentech Limited announced that they will report fiscal year 2024 results on Mar 18, 2025
お知らせ • Sep 27China Everbright Greentech Limited Announces Board and Committee ChangesThe board of directors of China Everbright Greentech Limited announced that, due to the age-related reason, Mr. HUANG Haiqing resigned as the non-executive director and chairman of the Board and the chairman of the nomination committee of the Company with effect from 27 September 2024. Mr. HUANG has been a Non-executive Director and Chairman of the Board and the chairman of the Nomination Committee since June 2022. With effect from 27 September 2024, after considering the recommendation of the Nomination Committee, the Board appointed Mr. WANG Silian as the Non-executive Director and Chairman of the Board and the chairman of the Nomination Committee. Mr. WANG was also appointed in place of Mr. HUANG as the executive director and chairman of the board, the chairman of the nomination committee and a member of the remuneration committee of China Everbright Environment Group Limited, a controlling shareholder of the Company which is listed on the Main Board of the Stock Exchange. Mr. WANG Silian, aged 51, prior to joining the Group, Mr. WANG was the vice chairman and president of China CYTS Tours Holding Co. Ltd. and the chairman of Bravolinks Integrated Marketing Co. Ltd. both of which are connected persons of the Company. He was also the deputy general manager of the Human Resources Department of China Everbright Bank Company Limited, a subsidiary of China Everbright Group Ltd., which is an indirect controlling shareholder of the Company. Mr. WANG holds a master degree in military science from the Dalian Naval Academy of the People's Liberation Army Navy.
Upcoming Dividend • Sep 10Upcoming dividend of HK$0.014 per shareEligible shareholders must have bought the stock before 17 September 2024. Payment date: 15 October 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.7%).
Declared Dividend • Aug 19Dividend of HK$0.014 announcedShareholders will receive a dividend of HK$0.014. Ex-date: 17th September 2024 Payment date: 15th October 2024 Dividend yield will be 21%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments.
Reported Earnings • Aug 19First half 2024 earnings released: EPS: HK$0.07 (vs HK$0.13 in 1H 2023)First half 2024 results: EPS: HK$0.07 (down from HK$0.13 in 1H 2023). Revenue: HK$3.51b (down 8.2% from 1H 2023). Net income: HK$143.9m (down 46% from 1H 2023). Profit margin: 4.1% (down from 6.9% in 1H 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 16China Everbright Greentech Limited Announces Interim Dividend for the Six Months Ended June 30, 2024, Payable on October 15, 2024China Everbright Greentech Limited announced interim dividend of HKD 0.014 per share for the six months ended June 30, 2024. Ex-dividend date is September 18, 2024. Record date is September 24, 2024. Payment date is October 15, 2024.
お知らせ • Jul 26China Everbright Greentech Limited to Report First Half, 2024 Results on Aug 16, 2024China Everbright Greentech Limited announced that they will report first half, 2024 results on Aug 16, 2024
Buy Or Sell Opportunity • Jul 01Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 9.3% to €0.076. The fair value is estimated to be €0.062, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Jun 28Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 8.7% to €0.075. The fair value is estimated to be €0.061, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • May 10Now 22% overvaluedOver the last 90 days, the stock has fallen 7.2% to €0.077. The fair value is estimated to be €0.064, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Apr 21Full year 2023 earnings released: HK$0.15 loss per share (vs HK$0.17 profit in FY 2022)Full year 2023 results: HK$0.15 loss per share (down from HK$0.17 profit in FY 2022). Revenue: HK$7.42b (down 7.8% from FY 2022). Net loss: HK$301.7m (down 189% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Apr 12Now 20% overvaluedOver the last 90 days, the stock has fallen 25% to €0.076. The fair value is estimated to be €0.063, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Mar 28+ 1 more updateChina Everbright Greentech Limited Announces Resignation of LO Kam Fan as Chief Financial Officer, Effective 31 March 2024The board of directors of China Everbright Greentech Limited announced that Mr. LO Kam Fan will resign as Chief Financial Officer of the Company with effect from 31 March 2024 in order to devote more time to his family commitments.
Buy Or Sell Opportunity • Mar 26Now 27% overvaluedOver the last 90 days, the stock has fallen 7.8% to €0.095. The fair value is estimated to be €0.075, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Mar 16China Everbright Greentech Limited, Annual General Meeting, May 14, 2024China Everbright Greentech Limited, Annual General Meeting, May 14, 2024. Location: Salon I & II, Mezzanine Floor, Grand Hyatt Hong Kong 1 Harbour Road, Wan Chai, Wan Chai Hong Kong
Reported Earnings • Mar 15Full year 2023 earnings released: HK$0.15 loss per share (vs HK$0.17 profit in FY 2022)Full year 2023 results: HK$0.15 loss per share (down from HK$0.17 profit in FY 2022). Revenue: HK$7.42b (down 7.8% from FY 2022). Net loss: HK$301.7m (down 189% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 02China Everbright Greentech Limited to Report Fiscal Year 2023 Results on Mar 15, 2024China Everbright Greentech Limited announced that they will report fiscal year 2023 results on Mar 15, 2024
Buy Or Sell Opportunity • Mar 01Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.6% to €0.078. The fair value is estimated to be €0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to decline by 3.8% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.
お知らせ • Feb 29China Everbright Greentech Limited Announces Resignation of GUO Ying as Non-Executive DirectorThe board of directors of China Everbright Greentech Limited announced that, Ms. GUO Ying (‘Ms. GUO’) has reached the retirement age and resigned from the position of the non-executive director of the Company with effect from 29 February 2024. Ms. GUO has confirmed that she has no disagreement with the Board, and save as disclosed in this announcement, there are no other matters relating to Ms. GUO that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the ‘Stock Exchange’). As at the date of this announcement, the members of the Board comprise: Mr. HUANG Haiqing (Chairman, Non-executive Director); Mr. ZHU Fugang (Chief Executive Officer, Executive Director); Mr. LO Kam Fan (Chief Financial Officer, Executive Director); Mr. SONG Jian (Non-executive Director); Mr. CHOW Siu Lui (Independent Non-executive Director); Prof. YAN Houmin (Independent Non-executive Director); Mr. LI Huaqiang (Independent Non-executive Director).
お知らせ • Feb 09+ 1 more updateChina Everbright Greentech Limited Announces Changes to its BoardThe board of directors of China Everbright Greentech Limited announced that, with effect from 9 February 2024: Mr. QIAN Xiaodong (‘Mr. QIAN’) has resigned as an executive Director (the ‘Executive Director’) and the chairman of the sustainability committee of the Company and a member of the remuneration committee of the Company due to his re-designation as vice president of China Everbright Holdings Company Limited, the indirect controlling shareholder of the Company; and Mr. Philip TSAO (‘Mr. TSAO’) has resigned as an independent non-executive Director (‘Independent Non-executive Director’), the chairman of the Remuneration Committee and a member of each of the audit and risk management committee of the Company, the nomination committee of the Company and the Sustainability Committee due to his intention to focus on his role in the bank with which he is employed. The Board announced that, Mr. ZHU Fugang (‘Mr. ZHU’), an Executive Director and the vice president of the Company (the ‘Vice President’), has been re-designated as an Executive Director and has been appointed as the chairman of the Sustainability Committee and a member of the Remuneration Committee with effect from 9 February 2024. Mr. ZHU Fugang, aged 44, is an Executive Director and the Vice President. Mr. ZHU currently serves as general manager of Everbright Greentech Environmental Protection Clean Energy Administrative Centre, general manager of a subsidiary of the Group, namely EB Greentech Technology Services (Jiangsu) Limited, and a director of numerous subsidiaries and certain joint ventures and associated companies of the Group. Prior to joining the Group, he served as president of eco-recycling sector in China Everbright Environment Group Limited, vice president of each of Everbright Environmental Protection (China) Company Limited and Everbright Envirotech (China) Limited, wholly-owned subsidiaries of CEEGL, and general manager of each of Everbright Environmental Energy (Changzhou) Co., Ltd, Everbright Environmental Energy (Nanjing) Limited and Everbright Environmental Testing (Nanjing) Company Limited, wholly-owned subsidiaries of CEEGL. Mr. ZHU holds a master's degree in business administration and doctoral degree in engineering from Southeast University and at the same time qualified as a senior engineer. Mr. ZHU joined the Group in September 2019 and joined the Board in December 2022. The Board announced that, Mr. LI Huaqiang (‘Mr. LI’) has been appointed as an Independent Non-executive Director and a member of each of the Audit and Risk Management Committee, the Remuneration Committee, the Nomination Committee and the Sustainability Committee with effect from 9 February 2024. Mr. LI Huaqiang, aged 65, is currently an independent non-executive director of Huabang Technology Holdings Limited, the external director of Hunan Xiangtou Holdings Group Co. Ltd., an independent director of Chinalco Advanced Manufacturing Co. Ltd., Sun Life Everbright Asset Management Company Limited, First-Trust Fund Management Co. Ltd. and Xiandaitouzi Co. Ltd. Mr. LI is also a researcher at the School of Government Peking University, a master's instructor at the Central University of Finance and Economics and an entrepreneurship instructor at the Innovation and Entrepreneurship Center of Global University Student of Peking University. He served as a member of the Asset Securitization Expert Committee of the Shenzhen Stock Exchange, the vice president of the Securities Association of Zhejiang and a director of the Shanghai Securities Association. He also served in a large state-owned metallurgical enterprise successively as a secretary of the Communist Youth League Committee, deputy branch factory director and general manager, a deputy general manager of the investment banking headquarter of Guosen Securities Company Limited, the chairman of the board of directors and the president of Founder Securities Company Limited, the vice president of Huaxi Securities Company Limited, a director and the president of Chinalin Securities Company Limited, the head of capital market department of non-banking department, the head of the First Division of Securities and Second Division of Securities of Central Huijin Investment Ltd., a non-executive director of China Investment Securities Company Limited, the vice chairman of China Securities Co. Ltd., a director of China Everbright Group Limited, an indirect controlling shareholder of the Company, and a non-executive director of China Everbright Bank Company Limited. Mr. LI holds a bachelor's degree in metal materials engineering from University of Science and Technology Beijing, a master's degree in master of business administration from Business School of Central South University and a master's degree in executive master of business administration from Guanghua School of Management of Peking University. Following the resignation of Mr. TSAO as the chairman of the Remuneration Committee, the Board announced that, Prof. YAN Houmin, an Independent Non-executive Director, has been appointed as the chairman of the Remuneration Committee with effect from 9 February 2024. The Board announced that, Mr. QIAN has ceased to act as an authorised representative of the Company following his resignation and Mr. ZHU, a newly re-designated Executive Director and Chief Executive Officer, has been appointed as an Authorised Representative under the Listing Rules with effect from 9 February 2024. The Authorised Representatives under the Listing Rules are Mr. ZHU and Mr. LO Kam Fan, Executive Director, with effect from 9 February 2024.
Upcoming Dividend • Sep 05Upcoming dividend of HK$0.025 per share at 5.7% yieldEligible shareholders must have bought the stock before 12 September 2023. Payment date: 09 October 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.6%).
New Risk • Aug 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin).
Reported Earnings • Aug 13First half 2023 earnings released: EPS: HK$0.13 (vs HK$0.18 in 1H 2022)First half 2023 results: EPS: HK$0.13 (down from HK$0.18 in 1H 2022). Revenue: HK$3.82b (down 9.5% from 1H 2022). Net income: HK$263.9m (down 29% from 1H 2022). Profit margin: 6.9% (down from 8.8% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 12China Everbright Greentech Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 9 October 2023China Everbright Greentech Limited announced interim dividend of HKD 0.025 per share for the six months ended 30 June 2023. Ex-dividend date is 12 September 2023. Record date is 18 September 2023. Payment date is 9 October 2023.
お知らせ • Jul 24China Everbright Greentech Limited to Report First Half, 2023 Results on Aug 11, 2023China Everbright Greentech Limited announced that they will report first half, 2023 results on Aug 11, 2023
New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin).
Reported Earnings • Mar 25Full year 2022 earnings released: EPS: HK$0.17 (vs HK$0.54 in FY 2021)Full year 2022 results: EPS: HK$0.17 (down from HK$0.54 in FY 2021). Revenue: HK$8.05b (down 4.7% from FY 2021). Net income: HK$340.2m (down 69% from FY 2021). Profit margin: 4.2% (down from 13% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10.0% decline forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Nov 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 31% in the next 2 years.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Philip Tsao was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Aug 31Upcoming dividend of HK$0.036 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.8%).
Reported Earnings • Aug 10First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$702.0m from profit in 1H 2021). Profit margin: (down from 16% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.0% compared to a 14% decline forecast for the industry in Germany.
Upcoming Dividend • May 12Upcoming dividend of HK$0.04 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.8%).
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Philip Tsao was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 09Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: HK$0.54 (down from HK$0.73 in FY 2020). Revenue: HK$8.45b (down 14% from FY 2020). Net income: HK$1.11b (down 26% from FY 2020). Profit margin: 13% (down from 15% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 6.8% compared to a 32% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Aug 31Upcoming dividend of HK$0.07 per shareEligible shareholders must have bought the stock before 07 September 2021. Payment date: 04 October 2021. Trailing yield: 5.2%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.6%).
Reported Earnings • Aug 11First half 2021 earnings released: EPS HK$0.34 (vs HK$0.40 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: HK$4.32b (up 1.7% from 1H 2020). Net income: HK$702.0m (down 15% from 1H 2020). Profit margin: 16% (down from 19% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 17Upcoming dividend of HK$0.07 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 11 June 2021. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.9%).
Reported Earnings • Apr 03Full year 2020 earnings released: EPS HK$0.73 (vs HK$0.79 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$9.84b (up 6.0% from FY 2019). Net income: HK$1.50b (down 7.3% from FY 2019). Profit margin: 15% (down from 18% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 06Full year 2020 earnings released: EPS HK$0.73 (vs HK$0.79 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$9.84b (up 6.0% from FY 2019). Net income: HK$1.50b (down 7.3% from FY 2019). Profit margin: 15% (down from 18% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Mar 06Revenue misses expectationsRevenue missed analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 6.3%, compared to a 28% growth forecast for the Renewable Energy industry in Germany.
Is New 90 Day High Low • Jan 15New 90-day high: €0.40The company is up 11% from its price of €0.36 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.93 per share.
Is New 90 Day High Low • Dec 12New 90-day low: €0.31The company is down 5.0% from its price of €0.33 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.44 per share.
Is New 90 Day High Low • Oct 29New 90-day low: €0.31The company is down 18% from its price of €0.38 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.39 per share.
Is New 90 Day High Low • Sep 29New 90-day low: €0.32The company is down 5.0% from its price of €0.34 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.39 per share.