company background image
885

City Development EnvironmentLtd SZSE:000885 Stock Report

Last Price

CN¥11.38

Market Cap

CN¥7.3b

7D

-1.2%

1Y

4.8%

Updated

23 Sep, 2022

Data

Company Financials +

City Development EnvironmentLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for City Development EnvironmentLtd
Historical stock prices
Current Share PriceCN¥11.38
52 Week HighCN¥12.98
52 Week LowCN¥8.15
Beta0.62
1 Month Change-2.15%
3 Month Change25.06%
1 Year Change4.79%
3 Year Change10.92%
5 Year Change-40.33%
Change since IPO67.53%

Recent News & Updates

Shareholder Returns

885CN Basic MaterialsCN Market
7D-1.2%-4.4%-1.9%
1Y4.8%-27.8%-18.6%

Return vs Industry: 000885 exceeded the CN Basic Materials industry which returned -27.2% over the past year.

Return vs Market: 000885 exceeded the CN Market which returned -17.7% over the past year.

Price Volatility

Is 885's price volatile compared to industry and market?
885 volatility
885 Average Weekly Movement6.6%
Basic Materials Industry Average Movement4.5%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.3%
10% least volatile stocks in CN Market3.7%

Stable Share Price: 000885 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 000885's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19984,712n/ahttps://www.hncde.cn

City Development Environment Co., Ltd. produces and sells cement clinker and cement products in China. It also engages in the investment, construction, operation, and management of environmental and public utility and municipal projects, as well as expressways. The company was founded in 1998 and is based in Zhengzhou, China.

City Development EnvironmentLtd Fundamentals Summary

How do City Development EnvironmentLtd's earnings and revenue compare to its market cap?
885 fundamental statistics
Market CapCN¥7.31b
Earnings (TTM)CN¥1.08b
Revenue (TTM)CN¥6.22b

6.8x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
885 income statement (TTM)
RevenueCN¥6.22b
Cost of RevenueCN¥3.98b
Gross ProfitCN¥2.24b
Other ExpensesCN¥1.17b
EarningsCN¥1.08b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.68
Gross Margin36.03%
Net Profit Margin17.31%
Debt/Equity Ratio179.7%

How did 885 perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

9%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 885 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 885?

Other financial metrics that can be useful for relative valuation.

885 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.2x
Enterprise Value/EBITDA7.9x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does 885's PE Ratio compare to its peers?

885 PE Ratio vs Peers
The above table shows the PE ratio for 885 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.2x
688119 Sinosteel Luonai Materials Technology
36.6xn/aCN¥7.6b
002233 Guangdong Tapai Group
8.1x13.7%CN¥8.9b
000789 Jiangxi Wannianqing Cement
5.9x8.9%CN¥7.4b
600720 Gansu Qilianshan Cement Group
10.2x12.2%CN¥8.6b
000885 City Development EnvironmentLtd
6.8x5.5%CN¥7.3b

Price-To-Earnings vs Peers: 000885 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (15.2x).


Price to Earnings Ratio vs Industry

How does 885's PE Ratio compare vs other companies in the CN Basic Materials Industry?

Price-To-Earnings vs Industry: 000885 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the CN Basic Materials industry average (16.6x)


Price to Earnings Ratio vs Fair Ratio

What is 885's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

885 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.8x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: 000885 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).


Share Price vs Fair Value

What is the Fair Price of 885 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000885 (CN¥11.38) is trading above our estimate of fair value (CN¥3.36)

Significantly Below Fair Value: 000885 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is City Development EnvironmentLtd forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000885's forecast earnings growth (5.5% per year) is above the savings rate (3.2%).

Earnings vs Market: 000885's earnings (5.5% per year) are forecast to grow slower than the CN market (25.9% per year).

High Growth Earnings: 000885's earnings are forecast to grow, but not significantly.

Revenue vs Market: 000885's revenue is expected to decline over the next 3 years (-7.9% per year).

High Growth Revenue: 000885's revenue is forecast to decline over the next 3 years (-7.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 000885's Return on Equity is forecast to be low in 3 years time (13.8%).


Discover growth companies

Past Performance

How has City Development EnvironmentLtd performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 000885 has a high level of non-cash earnings.

Growing Profit Margin: 000885's current net profit margins (17.3%) are higher than last year (-1.6%).


Past Earnings Growth Analysis

Earnings Trend: 000885's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: 000885's earnings growth over the past year (2.4%) is below its 5-year average (17.5% per year).

Earnings vs Industry: 000885 earnings growth over the past year (2.4%) exceeded the Basic Materials industry -22.4%.


Return on Equity

High ROE: 000885's Return on Equity (16.7%) is considered low.


Discover strong past performing companies

Financial Health

How is City Development EnvironmentLtd's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 000885's short term assets (CN¥5.1B) do not cover its short term liabilities (CN¥5.8B).

Long Term Liabilities: 000885's short term assets (CN¥5.1B) do not cover its long term liabilities (CN¥11.9B).


Debt to Equity History and Analysis

Debt Level: 000885's net debt to equity ratio (154.6%) is considered high.

Reducing Debt: 000885's debt to equity ratio has increased from 28.5% to 179.7% over the past 5 years.

Debt Coverage: 000885's debt is not well covered by operating cash flow (8.5%).

Interest Coverage: 000885's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is City Development EnvironmentLtd current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.32%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 000885's dividend (1.32%) is higher than the bottom 25% of dividend payers in the CN market (0.51%).

High Dividend: 000885's dividend (1.32%) is low compared to the top 25% of dividend payers in the CN market (2.06%).


Stability and Growth of Payments

Stable Dividend: 000885 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 000885's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8.9%), 000885's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 000885 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average board tenure


CEO

City Development EnvironmentLtd has no CEO, or we have no data on them.


Board Members

Experienced Board: 000885's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 73.12% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
56.47%
Henan Investment Group
362,579,146CN¥4.1b0%17.05%
9.72%
China National Building Material Company Limited
62,400,000CN¥710.1m0%no data
1.75%
PICC Asset Management Company Limited
11,260,709CN¥128.1m0%0.27%
1.04%
GF Fund Management Co., Ltd.
6,678,412CN¥76.0m-49.92%0.03%
0.89%
Guoxin Investment Co., Ltd.
5,741,031CN¥65.3m0%no data
0.81%
Xinxiang Economic Investment Co. Ltd.
5,217,099CN¥59.4m0%no data
0.64%
Fullgoal Fund Management Co., Ltd.
4,086,447CN¥46.5m0%0.02%
0.45%
Yinhua Fund Management Co. Ltd.
2,904,509CN¥33.1m0%0.03%
0.36%
The Vanguard Group, Inc.
2,336,747CN¥26.6m23.77%no data
0.33%
Shenzhen Zongguan Private Securities Fund Management Co., Ltd.
2,097,171CN¥23.9m0%3.86%
0.33%
Zhonggeng Fund Management Co., Ltd.
2,096,571CN¥23.9m0%0.09%
0.098%
Maxwealth Fund Management Co., Ltd.
627,500CN¥7.1m0%0.04%
0.077%
Storebrand Asset Management AS
492,129CN¥5.6m0%0.01%
0.075%
Dimensional Fund Advisors LP
479,872CN¥5.5m6.07%no data
0.03%
E Fund Management Co., Ltd.
194,900CN¥2.2m-23.78%no data
0.015%
China Universal Asset Management Company Ltd.
95,400CN¥1.1m0%no data
0.011%
China Southern Asset Management Co., Ltd.
72,640CN¥826.6k0%no data
0.01%
Van Eck Associates Corporation
64,800CN¥737.4k-89.18%no data
0.0046%
China Merchants Fund Management Co.,Ltd.
29,200CN¥332.3k0%no data
0.0042%
JT Asset Management Co., Ltd
26,900CN¥306.1k0%0.01%
0.0029%
China Asset Management Co., Ltd.
18,500CN¥210.5k0%no data
0.00083%
CICC Fund Management Co., Ltd
5,300CN¥60.3k0%no data
0.00044%
Gfund Management Co., Ltd.
2,800CN¥31.9k0%no data
0.00028%
Lombarda China Fund Management Co., Ltd.
1,800CN¥20.5k0%no data
0.00028%
Hwabao WP Fund Management Co., Ltd
1,800CN¥20.5k0%no data

Company Information

City Development Environment CO.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: City Development Environment CO.,Ltd.
  • Ticker: 885
  • Exchange: SZSE
  • Founded: 1998
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: CN¥7.307b
  • Shares outstanding: 642.08m
  • Website: https://www.hncde.cn

Number of Employees


Location

  • City Development Environment CO.,Ltd.
  • Investment Building
  • 16th Floor
  • Zhengzhou
  • Henan Province
  • 450008
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
885SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYAug 1999
885XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYAug 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.