View ValuationGrandblue Environment 향후 성장Future 기준 점검 1/6Grandblue Environment (는) 각각 연간 8.3% 및 4.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 8.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 13.4% 로 예상됩니다.핵심 정보8.3%이익 성장률8.41%EPS 성장률Water Utilities 이익 성장8.0%매출 성장률4.9%향후 자기자본이익률13.36%애널리스트 커버리지Low마지막 업데이트20 May 2026최근 향후 성장 업데이트Price Target Changed • Apr 21Price target increased by 14% to CN¥41.35Up from CN¥36.23, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥29.39. Stock is up 25% over the past year. The company is forecast to post earnings per share of CN¥2.41 for next year compared to CN¥2.04 last year.Major Estimate Revision • Jul 22Consensus revenue estimates increase by 15%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥12.5b to CN¥14.3b. EPS estimate increased from CN¥2.17 to CN¥2.36 per share. Net income forecast to grow 16% next year vs 9.6% growth forecast for Water Utilities industry in China. Consensus price target up from CN¥28.49 to CN¥32.41. Share price rose 2.1% to CN¥26.15 over the past week.Price Target Changed • Jul 19Price target increased by 14% to CN¥32.41Up from CN¥28.49, the current price target is an average from 2 analysts. New target price is 26% above last closing price of CN¥25.79. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥2.29 for next year compared to CN¥2.04 last year.Price Target Changed • Dec 28Price target increased by 8.9% to CN¥27.91Up from CN¥25.62, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥23.40. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥2.09 for next year compared to CN¥1.75 last year.Price Target Changed • Aug 27Price target increased by 9.8% to CN¥25.62Up from CN¥23.33, the current price target is an average from 3 analysts. New target price is 23% above last closing price of CN¥20.81. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥2.09 for next year compared to CN¥1.75 last year.Price Target Changed • Jul 08Price target increased by 8.7% to CN¥24.75Up from CN¥22.77, the current price target is an average from 3 analysts. New target price is 9.8% above last closing price of CN¥22.54. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥2.00 for next year compared to CN¥1.75 last year.모든 업데이트 보기Recent updatesReported Earnings • Apr 24Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: CN¥2.42 (up from CN¥2.04 in FY 2024). Revenue: CN¥13.9b (up 17% from FY 2024). Net income: CN¥1.97b (up 19% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year.Price Target Changed • Apr 21Price target increased by 14% to CN¥41.35Up from CN¥36.23, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥29.39. Stock is up 25% over the past year. The company is forecast to post earnings per share of CN¥2.41 for next year compared to CN¥2.04 last year.공시 • Mar 30Grandblue Environment Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Grandblue Environment Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026공시 • Dec 26Grandblue Environment Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Grandblue Environment Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.78 (vs CN¥0.61 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.78 (up from CN¥0.61 in 3Q 2024). Revenue: CN¥3.97b (up 37% from 3Q 2024). Net income: CN¥638.0m (up 28% from 3Q 2024). Profit margin: 16% (down from 17% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year.공시 • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Grandblue Environment Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025Major Estimate Revision • Jul 22Consensus revenue estimates increase by 15%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥12.5b to CN¥14.3b. EPS estimate increased from CN¥2.17 to CN¥2.36 per share. Net income forecast to grow 16% next year vs 9.6% growth forecast for Water Utilities industry in China. Consensus price target up from CN¥28.49 to CN¥32.41. Share price rose 2.1% to CN¥26.15 over the past week.Price Target Changed • Jul 19Price target increased by 14% to CN¥32.41Up from CN¥28.49, the current price target is an average from 2 analysts. New target price is 26% above last closing price of CN¥25.79. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥2.29 for next year compared to CN¥2.04 last year.공시 • Jun 30Grandblue Environment Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Grandblue Environment Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025Board Change • Jun 06Less 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. 5 non-independent directors. Independent Director Liang Jinqi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.New Risk • Apr 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.공시 • Apr 15Grandblue Environment Co., Ltd., Annual General Meeting, May 07, 2025Grandblue Environment Co., Ltd., Annual General Meeting, May 07, 2025, at 14:30 China Standard Time. Location: 10F, No. 23, Ronghe Road, Guicheng Subdistrict, Nanhai District, Foshan, Guangdong ChinaReported Earnings • Apr 11Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: CN¥2.04 (up from CN¥1.75 in FY 2023). Revenue: CN¥11.9b (down 5.2% from FY 2023). Net income: CN¥1.66b (up 16% from FY 2023). Profit margin: 14% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Mar 28Grandblue Environment Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Grandblue Environment Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025분석 기사 • Mar 12Grandblue Environment (SHSE:600323) Hasn't Managed To Accelerate Its ReturnsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...분석 기사 • Feb 24Grandblue Environment Co., Ltd. (SHSE:600323) Shares Could Be 36% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, Grandblue Environment fair value estimate is CN¥35.37...분석 기사 • Feb 09Grandblue Environment Co., Ltd.'s (SHSE:600323) Business And Shares Still Trailing The MarketWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 37x, you may consider...분석 기사 • Jan 08Grandblue Environment (SHSE:600323) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Price Target Changed • Dec 28Price target increased by 8.9% to CN¥27.91Up from CN¥25.62, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥23.40. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥2.09 for next year compared to CN¥1.75 last year.공시 • Dec 27Grandblue Environment Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025Grandblue Environment Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025분석 기사 • Dec 06Returns At Grandblue Environment (SHSE:600323) Appear To Be Weighed DownWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...분석 기사 • Nov 21Is Grandblue Environment Co., Ltd. (SHSE:600323) Trading At A 40% Discount?Key Insights Grandblue Environment's estimated fair value is CN¥37.46 based on 2 Stage Free Cash Flow to Equity...분석 기사 • Nov 04Grandblue Environment's (SHSE:600323) Solid Earnings May Rest On Weak FoundationsThe stock price didn't jump after Grandblue Environment Co., Ltd. ( SHSE:600323 ) posted decent earnings last week. We...Reported Earnings • Oct 28Third quarter 2024 earnings released: EPS: CN¥0.61 (vs CN¥0.58 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.61 (up from CN¥0.58 in 3Q 2023). Revenue: CN¥2.91b (down 4.2% from 3Q 2023). Net income: CN¥498.1m (up 4.6% from 3Q 2023). Profit margin: 17% (up from 16% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.분석 기사 • Oct 20Investors Aren't Buying Grandblue Environment Co., Ltd.'s (SHSE:600323) EarningsGrandblue Environment Co., Ltd.'s ( SHSE:600323 ) price-to-earnings (or "P/E") ratio of 11.4x might make it look like a...공시 • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024Grandblue Environment Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥21.85, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Water Utilities industry in China. Total loss to shareholders of 14% over the past three years.Price Target Changed • Aug 27Price target increased by 9.8% to CN¥25.62Up from CN¥23.33, the current price target is an average from 3 analysts. New target price is 23% above last closing price of CN¥20.81. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥2.09 for next year compared to CN¥1.75 last year.Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.62 (vs CN¥0.47 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.62 (up from CN¥0.47 in 2Q 2023). Revenue: CN¥3.11b (flat on 2Q 2023). Net income: CN¥506.2m (up 33% from 2Q 2023). Profit margin: 16% (up from 12% in 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.분석 기사 • Aug 14Return Trends At Grandblue Environment (SHSE:600323) Aren't AppealingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...분석 기사 • Jul 23Grandblue Environment's (SHSE:600323) Shareholders Will Receive A Bigger Dividend Than Last YearGrandblue Environment Co., Ltd. ( SHSE:600323 ) has announced that it will be increasing its dividend from last year's...Declared Dividend • Jul 21Dividend increased to CN¥0.48Dividend of CN¥0.48 is 118% higher than last year. Ex-date: 24th July 2024 Payment date: 24th July 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Jul 17Is Grandblue Environment (SHSE:600323) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Price Target Changed • Jul 08Price target increased by 8.7% to CN¥24.75Up from CN¥22.77, the current price target is an average from 3 analysts. New target price is 9.8% above last closing price of CN¥22.54. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥2.00 for next year compared to CN¥1.75 last year.공시 • Jun 28Grandblue Environment Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024Grandblue Environment Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024공시 • Jun 08Grandblue Environment Co., Ltd., Annual General Meeting, Jun 28, 2024Grandblue Environment Co., Ltd., Annual General Meeting, Jun 28, 2024, at 14:30 China Standard Time. Location: 10F, No. 23, Ronghe Road, Guicheng Subdistrict, Nanhai District, Foshan, Guangdong China분석 기사 • May 23Little Excitement Around Grandblue Environment Co., Ltd.'s (SHSE:600323) EarningsGrandblue Environment Co., Ltd.'s ( SHSE:600323 ) price-to-earnings (or "P/E") ratio of 10.2x might make it look like a...Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.38 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.38 in 1Q 2023). Revenue: CN¥2.72b (down 3.1% from 1Q 2023). Net income: CN¥381.0m (up 23% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.분석 기사 • Apr 18Investors Met With Slowing Returns on Capital At Grandblue Environment (SHSE:600323)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Apr 03Full year 2023 earnings released: EPS: CN¥1.75 (vs CN¥1.41 in FY 2022)Full year 2023 results: EPS: CN¥1.75 (up from CN¥1.41 in FY 2022). Revenue: CN¥12.5b (down 2.6% from FY 2022). Net income: CN¥1.43b (up 25% from FY 2022). Profit margin: 11% (up from 8.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.공시 • Mar 29Grandblue Environment Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Grandblue Environment Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024공시 • Dec 29Grandblue Environment Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Grandblue Environment Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.58 (vs CN¥0.39 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.58 (up from CN¥0.39 in 3Q 2022). Revenue: CN¥3.03b (down 13% from 3Q 2022). Net income: CN¥476.0m (up 50% from 3Q 2022). Profit margin: 16% (up from 9.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공시 • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023Grandblue Environment Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 19Second quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.46 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.47. Revenue: CN¥3.13b (down 8.3% from 2Q 2022). Net income: CN¥379.7m (down 2.8% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Water Utilities industry in Asia.공시 • Jun 28Grandblue Environment Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023Grandblue Environment Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023Reported Earnings • Apr 08Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: CN¥1.41 (down from CN¥1.45 in FY 2021). Revenue: CN¥12.9b (up 9.3% from FY 2021). Net income: CN¥1.15b (down 1.5% from FY 2021). Profit margin: 8.9% (down from 9.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Water Utilities industry in Asia. 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 1% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jun Zhang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.35 in 3Q 2021). Revenue: CN¥3.47b (up 35% from 3Q 2021). Net income: CN¥318.1m (up 5.5% from 3Q 2021). Profit margin: 9.2% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.47 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.46. Revenue: CN¥3.41b (up 37% from 2Q 2021). Net income: CN¥390.5m (up 1.5% from 2Q 2021). Profit margin: 12% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.3% compared to a 13% growth forecast for the Water Utilities industry in China.Reported Earnings • Apr 30First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.32 in 1Q 2021). Revenue: CN¥2.73b (up 32% from 1Q 2021). Net income: CN¥159.1m (down 34% from 1Q 2021). Profit margin: 5.8% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target decreased to CN¥24.19Down from CN¥27.76, the current price target is an average from 7 analysts. New target price is 36% above last closing price of CN¥17.85. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥1.77 for next year compared to CN¥1.45 last year.Board Change • Apr 27Less 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. 11 experienced directors. No highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board Guocan Chen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Apr 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥10.7b to CN¥12.6b. EPS estimate fell from CN¥1.97 to CN¥1.79. Net income forecast to grow 26% next year vs 15% growth forecast for Water Utilities industry in China. Consensus price target down from CN¥27.76 to CN¥23.76. Share price rose 5.4% to CN¥19.38 over the past week.Reported Earnings • Apr 01Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥1.45 (up from CN¥1.38 in FY 2020). Revenue: CN¥11.8b (up 57% from FY 2020). Net income: CN¥1.16b (up 10.0% from FY 2020). Profit margin: 9.9% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is expected to shrink by 4.4% compared to a 8.6% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jan 04Price target decreased to CN¥27.67Down from CN¥30.29, the current price target is an average from 8 analysts. New target price is 30% above last closing price of CN¥21.30. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥1.64 for next year compared to CN¥1.38 last year.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.40 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.57b (up 28% from 3Q 2020). Net income: CN¥301.6m (down 2.0% from 3Q 2020). Profit margin: 12% (down from 15% in 3Q 2020). 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 increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥22.51, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Water Utilities industry in China. Total returns to shareholders of 102% over the past three years.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥27.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Water Utilities industry in China. Total returns to shareholders of 103% over the past three years.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.42 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.49b (up 44% from 2Q 2020). Net income: CN¥384.8m (up 18% from 2Q 2020). Profit margin: 16% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.18 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.07b (up 46% from 1Q 2020). Net income: CN¥242.2m (up 78% from 1Q 2020). Profit margin: 12% (up from 9.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥1.38 (vs CN¥1.19 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.48b (up 22% from FY 2019). Net income: CN¥1.06b (up 16% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Mar 01New 90-day high: CN¥26.50The company is up 8.0% from its price of CN¥24.61 on 01 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.Is New 90 Day High Low • Jan 26New 90-day low: CN¥21.88The company is down 15% from its price of CN¥25.61 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.Is New 90 Day High Low • Dec 22New 90-day low: CN¥22.46The company is down 21% from its price of CN¥28.39 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.Is New 90 Day High Low • Dec 01New 90-day low: CN¥24.15The company is down 20% from its price of CN¥30.06 on 02 September 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities 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 CN¥148 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥945.0m, up 9.1% from the prior year. Total revenue was CN¥7.04b over the last 12 months, up 27% from the prior year.Is New 90 Day High Low • Oct 23New 90-day low: CN¥25.05The company is down 1.0% from its price of CN¥25.18 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Water Utilities industry, which is also down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥118 per share.공시 • Oct 20Grandblue Environment Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020Grandblue Environment Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020공시 • Jul 06Grandblue Environment Co., Ltd. to Report First Half, 2020 Results on Aug 14, 2020Grandblue Environment Co., Ltd. announced that they will report first half, 2020 results on Aug 14, 2020이익 및 매출 성장 예측SHSE:600323 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202817,2622,569N/A5,660112/31/202716,4492,554N/A5,454512/31/202616,4172,318N/A4,72023/31/202614,9932,1322,1563,908N/A12/31/202513,9371,9732,4734,018N/A9/30/202512,8921,8842,8894,592N/A6/30/202511,8251,7442,1033,553N/A3/31/202511,7711,7031,9473,527N/A12/31/202411,8861,6641,6073,273N/A9/30/202412,3101,6493202,194N/A6/30/202412,4381,6271,0833,154N/A3/31/202412,4551,5001,0353,015N/A12/31/202312,5411,4304342,482N/A9/30/202312,2281,441121,951N/A6/30/202312,6671,285-1,363676N/A3/31/202312,9501,293-1,689343N/A12/31/202212,8751,142-1,972422N/A9/30/202214,2621,101-2,104-670N/A6/30/202213,3611,083-2,006-180N/A3/31/202212,4381,080-1,661290N/A12/31/202111,7771,163-1,125878N/A9/30/20219,4581,217-1,0022,387N/A6/30/20218,8961,224-1,0622,478N/A3/31/20218,1351,164-1,2082,385N/A12/31/20207,4811,057-1,6091,956N/A9/30/20207,036945-1,7751,817N/A6/30/20206,625913-2,2791,463N/A3/31/20206,317858-2,4681,350N/A12/31/20196,160913N/A1,324N/A9/30/20195,535866N/A1,436N/A6/30/20195,231834N/A1,631N/A3/31/20194,968756N/A1,625N/A12/31/20184,849873N/A1,652N/A9/30/20184,727850N/A1,558N/A6/30/20184,529838N/A1,509N/A3/31/20184,391829N/A1,477N/A12/31/20174,202652N/A1,509N/A9/30/20174,042622N/A1,269N/A6/30/20173,928561N/A1,149N/A3/31/20173,811534N/A1,121N/A12/31/20163,690509N/A1,179N/A9/30/20163,539516N/A1,137N/A6/30/20163,417476N/A1,141N/A3/31/20163,402428N/A1,204N/A12/31/20153,357403N/A1,263N/A9/30/20153,236379N/A1,271N/A6/30/20152,969334N/A1,106N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 600323 의 연간 예상 수익 증가율(8.3%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 600323 의 연간 수익(8.3%)이 CN 시장(27.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 600323 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 600323 의 수익(연간 4.9%)이 CN 시장(연간 16.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 600323 의 수익(연간 4.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 600323의 자본 수익률은 3년 후 13.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 05:36종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Grandblue Environment Co., Ltd.는 11명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ka SoCCB International Securities LimitedJiani LiuChina International Capital Corporation LimitedYou You LiuChina Stock Investment Research Co. Ltd. (GZ500..com)8명의 분석가 더 보기
Price Target Changed • Apr 21Price target increased by 14% to CN¥41.35Up from CN¥36.23, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥29.39. Stock is up 25% over the past year. The company is forecast to post earnings per share of CN¥2.41 for next year compared to CN¥2.04 last year.
Major Estimate Revision • Jul 22Consensus revenue estimates increase by 15%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥12.5b to CN¥14.3b. EPS estimate increased from CN¥2.17 to CN¥2.36 per share. Net income forecast to grow 16% next year vs 9.6% growth forecast for Water Utilities industry in China. Consensus price target up from CN¥28.49 to CN¥32.41. Share price rose 2.1% to CN¥26.15 over the past week.
Price Target Changed • Jul 19Price target increased by 14% to CN¥32.41Up from CN¥28.49, the current price target is an average from 2 analysts. New target price is 26% above last closing price of CN¥25.79. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥2.29 for next year compared to CN¥2.04 last year.
Price Target Changed • Dec 28Price target increased by 8.9% to CN¥27.91Up from CN¥25.62, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥23.40. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥2.09 for next year compared to CN¥1.75 last year.
Price Target Changed • Aug 27Price target increased by 9.8% to CN¥25.62Up from CN¥23.33, the current price target is an average from 3 analysts. New target price is 23% above last closing price of CN¥20.81. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥2.09 for next year compared to CN¥1.75 last year.
Price Target Changed • Jul 08Price target increased by 8.7% to CN¥24.75Up from CN¥22.77, the current price target is an average from 3 analysts. New target price is 9.8% above last closing price of CN¥22.54. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥2.00 for next year compared to CN¥1.75 last year.
Reported Earnings • Apr 24Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: CN¥2.42 (up from CN¥2.04 in FY 2024). Revenue: CN¥13.9b (up 17% from FY 2024). Net income: CN¥1.97b (up 19% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year.
Price Target Changed • Apr 21Price target increased by 14% to CN¥41.35Up from CN¥36.23, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥29.39. Stock is up 25% over the past year. The company is forecast to post earnings per share of CN¥2.41 for next year compared to CN¥2.04 last year.
공시 • Mar 30Grandblue Environment Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Grandblue Environment Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
공시 • Dec 26Grandblue Environment Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Grandblue Environment Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026
Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.78 (vs CN¥0.61 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.78 (up from CN¥0.61 in 3Q 2024). Revenue: CN¥3.97b (up 37% from 3Q 2024). Net income: CN¥638.0m (up 28% from 3Q 2024). Profit margin: 16% (down from 17% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year.
공시 • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Grandblue Environment Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
Major Estimate Revision • Jul 22Consensus revenue estimates increase by 15%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥12.5b to CN¥14.3b. EPS estimate increased from CN¥2.17 to CN¥2.36 per share. Net income forecast to grow 16% next year vs 9.6% growth forecast for Water Utilities industry in China. Consensus price target up from CN¥28.49 to CN¥32.41. Share price rose 2.1% to CN¥26.15 over the past week.
Price Target Changed • Jul 19Price target increased by 14% to CN¥32.41Up from CN¥28.49, the current price target is an average from 2 analysts. New target price is 26% above last closing price of CN¥25.79. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥2.29 for next year compared to CN¥2.04 last year.
공시 • Jun 30Grandblue Environment Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Grandblue Environment Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
Board Change • Jun 06Less 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. 5 non-independent directors. Independent Director Liang Jinqi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
New Risk • Apr 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
공시 • Apr 15Grandblue Environment Co., Ltd., Annual General Meeting, May 07, 2025Grandblue Environment Co., Ltd., Annual General Meeting, May 07, 2025, at 14:30 China Standard Time. Location: 10F, No. 23, Ronghe Road, Guicheng Subdistrict, Nanhai District, Foshan, Guangdong China
Reported Earnings • Apr 11Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: CN¥2.04 (up from CN¥1.75 in FY 2023). Revenue: CN¥11.9b (down 5.2% from FY 2023). Net income: CN¥1.66b (up 16% from FY 2023). Profit margin: 14% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Mar 28Grandblue Environment Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Grandblue Environment Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
분석 기사 • Mar 12Grandblue Environment (SHSE:600323) Hasn't Managed To Accelerate Its ReturnsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
분석 기사 • Feb 24Grandblue Environment Co., Ltd. (SHSE:600323) Shares Could Be 36% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, Grandblue Environment fair value estimate is CN¥35.37...
분석 기사 • Feb 09Grandblue Environment Co., Ltd.'s (SHSE:600323) Business And Shares Still Trailing The MarketWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 37x, you may consider...
분석 기사 • Jan 08Grandblue Environment (SHSE:600323) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Price Target Changed • Dec 28Price target increased by 8.9% to CN¥27.91Up from CN¥25.62, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥23.40. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥2.09 for next year compared to CN¥1.75 last year.
공시 • Dec 27Grandblue Environment Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025Grandblue Environment Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025
분석 기사 • Dec 06Returns At Grandblue Environment (SHSE:600323) Appear To Be Weighed DownWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
분석 기사 • Nov 21Is Grandblue Environment Co., Ltd. (SHSE:600323) Trading At A 40% Discount?Key Insights Grandblue Environment's estimated fair value is CN¥37.46 based on 2 Stage Free Cash Flow to Equity...
분석 기사 • Nov 04Grandblue Environment's (SHSE:600323) Solid Earnings May Rest On Weak FoundationsThe stock price didn't jump after Grandblue Environment Co., Ltd. ( SHSE:600323 ) posted decent earnings last week. We...
Reported Earnings • Oct 28Third quarter 2024 earnings released: EPS: CN¥0.61 (vs CN¥0.58 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.61 (up from CN¥0.58 in 3Q 2023). Revenue: CN¥2.91b (down 4.2% from 3Q 2023). Net income: CN¥498.1m (up 4.6% from 3Q 2023). Profit margin: 17% (up from 16% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
분석 기사 • Oct 20Investors Aren't Buying Grandblue Environment Co., Ltd.'s (SHSE:600323) EarningsGrandblue Environment Co., Ltd.'s ( SHSE:600323 ) price-to-earnings (or "P/E") ratio of 11.4x might make it look like a...
공시 • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024Grandblue Environment Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥21.85, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Water Utilities industry in China. Total loss to shareholders of 14% over the past three years.
Price Target Changed • Aug 27Price target increased by 9.8% to CN¥25.62Up from CN¥23.33, the current price target is an average from 3 analysts. New target price is 23% above last closing price of CN¥20.81. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥2.09 for next year compared to CN¥1.75 last year.
Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.62 (vs CN¥0.47 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.62 (up from CN¥0.47 in 2Q 2023). Revenue: CN¥3.11b (flat on 2Q 2023). Net income: CN¥506.2m (up 33% from 2Q 2023). Profit margin: 16% (up from 12% in 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
분석 기사 • Aug 14Return Trends At Grandblue Environment (SHSE:600323) Aren't AppealingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
분석 기사 • Jul 23Grandblue Environment's (SHSE:600323) Shareholders Will Receive A Bigger Dividend Than Last YearGrandblue Environment Co., Ltd. ( SHSE:600323 ) has announced that it will be increasing its dividend from last year's...
Declared Dividend • Jul 21Dividend increased to CN¥0.48Dividend of CN¥0.48 is 118% higher than last year. Ex-date: 24th July 2024 Payment date: 24th July 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Jul 17Is Grandblue Environment (SHSE:600323) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Price Target Changed • Jul 08Price target increased by 8.7% to CN¥24.75Up from CN¥22.77, the current price target is an average from 3 analysts. New target price is 9.8% above last closing price of CN¥22.54. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥2.00 for next year compared to CN¥1.75 last year.
공시 • Jun 28Grandblue Environment Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024Grandblue Environment Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024
공시 • Jun 08Grandblue Environment Co., Ltd., Annual General Meeting, Jun 28, 2024Grandblue Environment Co., Ltd., Annual General Meeting, Jun 28, 2024, at 14:30 China Standard Time. Location: 10F, No. 23, Ronghe Road, Guicheng Subdistrict, Nanhai District, Foshan, Guangdong China
분석 기사 • May 23Little Excitement Around Grandblue Environment Co., Ltd.'s (SHSE:600323) EarningsGrandblue Environment Co., Ltd.'s ( SHSE:600323 ) price-to-earnings (or "P/E") ratio of 10.2x might make it look like a...
Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.38 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.38 in 1Q 2023). Revenue: CN¥2.72b (down 3.1% from 1Q 2023). Net income: CN¥381.0m (up 23% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
분석 기사 • Apr 18Investors Met With Slowing Returns on Capital At Grandblue Environment (SHSE:600323)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Apr 03Full year 2023 earnings released: EPS: CN¥1.75 (vs CN¥1.41 in FY 2022)Full year 2023 results: EPS: CN¥1.75 (up from CN¥1.41 in FY 2022). Revenue: CN¥12.5b (down 2.6% from FY 2022). Net income: CN¥1.43b (up 25% from FY 2022). Profit margin: 11% (up from 8.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
공시 • Mar 29Grandblue Environment Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Grandblue Environment Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
공시 • Dec 29Grandblue Environment Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Grandblue Environment Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.58 (vs CN¥0.39 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.58 (up from CN¥0.39 in 3Q 2022). Revenue: CN¥3.03b (down 13% from 3Q 2022). Net income: CN¥476.0m (up 50% from 3Q 2022). Profit margin: 16% (up from 9.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공시 • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023Grandblue Environment Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 19Second quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.46 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.47. Revenue: CN¥3.13b (down 8.3% from 2Q 2022). Net income: CN¥379.7m (down 2.8% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Water Utilities industry in Asia.
공시 • Jun 28Grandblue Environment Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023Grandblue Environment Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023
Reported Earnings • Apr 08Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: CN¥1.41 (down from CN¥1.45 in FY 2021). Revenue: CN¥12.9b (up 9.3% from FY 2021). Net income: CN¥1.15b (down 1.5% from FY 2021). Profit margin: 8.9% (down from 9.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Water Utilities industry in Asia. 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 1% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jun Zhang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.35 in 3Q 2021). Revenue: CN¥3.47b (up 35% from 3Q 2021). Net income: CN¥318.1m (up 5.5% from 3Q 2021). Profit margin: 9.2% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.47 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.46. Revenue: CN¥3.41b (up 37% from 2Q 2021). Net income: CN¥390.5m (up 1.5% from 2Q 2021). Profit margin: 12% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.3% compared to a 13% growth forecast for the Water Utilities industry in China.
Reported Earnings • Apr 30First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.32 in 1Q 2021). Revenue: CN¥2.73b (up 32% from 1Q 2021). Net income: CN¥159.1m (down 34% from 1Q 2021). Profit margin: 5.8% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target decreased to CN¥24.19Down from CN¥27.76, the current price target is an average from 7 analysts. New target price is 36% above last closing price of CN¥17.85. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥1.77 for next year compared to CN¥1.45 last year.
Board Change • Apr 27Less 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. 11 experienced directors. No highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board Guocan Chen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Apr 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥10.7b to CN¥12.6b. EPS estimate fell from CN¥1.97 to CN¥1.79. Net income forecast to grow 26% next year vs 15% growth forecast for Water Utilities industry in China. Consensus price target down from CN¥27.76 to CN¥23.76. Share price rose 5.4% to CN¥19.38 over the past week.
Reported Earnings • Apr 01Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥1.45 (up from CN¥1.38 in FY 2020). Revenue: CN¥11.8b (up 57% from FY 2020). Net income: CN¥1.16b (up 10.0% from FY 2020). Profit margin: 9.9% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is expected to shrink by 4.4% compared to a 8.6% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jan 04Price target decreased to CN¥27.67Down from CN¥30.29, the current price target is an average from 8 analysts. New target price is 30% above last closing price of CN¥21.30. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥1.64 for next year compared to CN¥1.38 last year.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.40 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.57b (up 28% from 3Q 2020). Net income: CN¥301.6m (down 2.0% from 3Q 2020). Profit margin: 12% (down from 15% in 3Q 2020). 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 increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥22.51, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Water Utilities industry in China. Total returns to shareholders of 102% over the past three years.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥27.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Water Utilities industry in China. Total returns to shareholders of 103% over the past three years.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.42 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.49b (up 44% from 2Q 2020). Net income: CN¥384.8m (up 18% from 2Q 2020). Profit margin: 16% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.18 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.07b (up 46% from 1Q 2020). Net income: CN¥242.2m (up 78% from 1Q 2020). Profit margin: 12% (up from 9.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥1.38 (vs CN¥1.19 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.48b (up 22% from FY 2019). Net income: CN¥1.06b (up 16% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Mar 01New 90-day high: CN¥26.50The company is up 8.0% from its price of CN¥24.61 on 01 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.
Is New 90 Day High Low • Jan 26New 90-day low: CN¥21.88The company is down 15% from its price of CN¥25.61 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.
Is New 90 Day High Low • Dec 22New 90-day low: CN¥22.46The company is down 21% from its price of CN¥28.39 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.
Is New 90 Day High Low • Dec 01New 90-day low: CN¥24.15The company is down 20% from its price of CN¥30.06 on 02 September 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities 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 CN¥148 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥945.0m, up 9.1% from the prior year. Total revenue was CN¥7.04b over the last 12 months, up 27% from the prior year.
Is New 90 Day High Low • Oct 23New 90-day low: CN¥25.05The company is down 1.0% from its price of CN¥25.18 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Water Utilities industry, which is also down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥118 per share.
공시 • Oct 20Grandblue Environment Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020Grandblue Environment Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020
공시 • Jul 06Grandblue Environment Co., Ltd. to Report First Half, 2020 Results on Aug 14, 2020Grandblue Environment Co., Ltd. announced that they will report first half, 2020 results on Aug 14, 2020