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CITIC Envirotech

BST:4UE1
Snowflake Description

Very undervalued with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4UE1
BST
SGD1B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

CITIC Envirotech Ltd. provides water and wastewater treatment, water supply, and recycling services in the People’s Republic of China, Singapore, the United States, and Malaysia. The last earnings update was 118 days ago. More info.


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  • CITIC Envirotech has significant price volatility in the past 3 months.
4UE1 Share Price and Events
7 Day Returns
-6.6%
BST:4UE1
8.4%
DE Commercial Services
2.3%
DE Market
1 Year Returns
-37.5%
BST:4UE1
-6.8%
DE Commercial Services
-11.5%
DE Market
4UE1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CITIC Envirotech (4UE1) -6.6% 42.1% 18.9% -37.5% -34.6% -22.1%
DE Commercial Services 8.4% 10.8% 10% -6.8% -0.9% -44.3%
DE Market 2.3% 1.1% 1.6% -11.5% 10.2% 5%
1 Year Return vs Industry and Market
  • 4UE1 underperformed the Commercial Services industry which returned -6.8% over the past year.
  • 4UE1 underperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
4UE1
Industry
5yr Volatility vs Market

4UE1 Value

 Is CITIC Envirotech undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CITIC Envirotech to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CITIC Envirotech.

BST:4UE1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:4UE1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.779 (1 + (1- 17%) (72%))
1.244
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.244 * 9.77%)
12.39%

Discounted Cash Flow Calculation for BST:4UE1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CITIC Envirotech is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:4UE1 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (SGD, Millions) 336.17 400.04 472.05 552.30 640.67
Source Est @ 20%, capped from 36.22% Est @ 19%, capped from 36.22% Est @ 18%, capped from 36.22% Est @ 17%, capped from 36.22% Est @ 16%, capped from 36.22%
Present Value
Discounted (@ 12.39%)
299.12 316.72 332.53 346.18 357.31
Present value of next 5 years cash flows SGD1,651.86
BST:4UE1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= SGD640.67 × (1 + 0.23%) ÷ (12.39% – 0.23%)
SGD5,280.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= SGD5,280.92 ÷ (1 + 12.39%)5
SGD2,945.25
BST:4UE1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= SGD1,651.86 + SGD2,945.25
SGD4,597.11
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD4,597.11 / 2,420.39
SGD1.11
BST:4UE1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:4UE1 represents 0.58696x of SGX:CEE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.58696x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 1.90 x 0.58696
€1.11
Value per share (EUR) From above. €1.11
Current discount Discount to share price of €0.27
= -1 x (€0.27 - €1.11) / €1.11
75.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CITIC Envirotech is available for.
Intrinsic value
>50%
Share price is €0.27 vs Future cash flow value of €1.11
Current Discount Checks
For CITIC Envirotech to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CITIC Envirotech's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CITIC Envirotech's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CITIC Envirotech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CITIC Envirotech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:4UE1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in SGD SGD0.06
SGX:CEE Share Price ** SGX (2019-02-19) in SGD SGD0.46
Europe Commercial Services Industry PE Ratio Median Figure of 106 Publicly-Listed Commercial Services Companies 16.86x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CITIC Envirotech.

BST:4UE1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:CEE Share Price ÷ EPS (both in SGD)

= 0.46 ÷ 0.06

8.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CITIC Envirotech is good value based on earnings compared to the Europe Commercial Services industry average.
  • CITIC Envirotech is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does CITIC Envirotech's expected growth come at a high price?
Raw Data
BST:4UE1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
30.7%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.22x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.41x

*Line of best fit is calculated by linear regression .

BST:4UE1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.05x ÷ 30.7%

0.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CITIC Envirotech is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CITIC Envirotech's assets?
Raw Data
BST:4UE1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in SGD SGD0.72
SGX:CEE Share Price * SGX (2019-02-19) in SGD SGD0.46
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 1.71x
Germany Market PB Ratio Median Figure of 566 Publicly-Listed Companies 1.8x
BST:4UE1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:CEE Share Price ÷ Book Value per Share (both in SGD)

= 0.46 ÷ 0.72

0.64x

* Primary Listing of CITIC Envirotech.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CITIC Envirotech is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess CITIC Envirotech's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. CITIC Envirotech has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

4UE1 Future Performance

 How is CITIC Envirotech expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CITIC Envirotech expected to grow at an attractive rate?
  • CITIC Envirotech's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • CITIC Envirotech's earnings growth is expected to exceed the Germany market average.
  • CITIC Envirotech's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:4UE1 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:4UE1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 30.7%
BST:4UE1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 27.6%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 51.5%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:4UE1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:4UE1 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 1,736 -718 206 1
2018-12-31 1,365 -567 169 1
BST:4UE1 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,224 68 134
2018-06-30 1,225 164 164
2018-03-31 1,056 175 139
2017-12-31 909 225 116
2017-09-30 596 281 128
2017-06-30 516 298 102
2017-03-31 545 273 101
2016-12-31 545 306 99
2016-09-30 497 167 81
2016-06-30 430 -2 72
2016-03-31 374 16 53
2015-12-31 336 -23 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CITIC Envirotech's earnings are expected to grow significantly at over 20% yearly.
  • CITIC Envirotech's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:4UE1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from CITIC Envirotech Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:4UE1 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 0.09 0.09 0.09 1.00
2018-12-31 0.07 0.07 0.07 1.00
BST:4UE1 Past Financials Data
Date (Data in SGD Millions) EPS *
2018-09-30 0.06
2018-06-30 0.07
2018-03-31 0.06
2017-12-31 0.05
2017-09-30 0.06
2017-06-30 0.05
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04
2016-06-30 0.03
2016-03-31 0.02
2015-12-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CITIC Envirotech will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CITIC Envirotech's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CITIC Envirotech has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

4UE1 Past Performance

  How has CITIC Envirotech performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CITIC Envirotech's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CITIC Envirotech has delivered over 20% year on year earnings growth in the past 5 years.
  • CITIC Envirotech's 1-year earnings growth is less than its 5-year average (4.1% vs 34.3%)
  • CITIC Envirotech's earnings growth has not exceeded the Europe Commercial Services industry average in the past year (4.1% vs 7.3%).
Earnings and Revenue History
CITIC Envirotech's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CITIC Envirotech Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:4UE1 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,224.21 133.57 62.97
2018-06-30 1,224.56 163.84 60.79
2018-03-31 1,056.29 138.92 58.12
2017-12-31 908.77 115.94 57.67
2017-09-30 596.41 128.32 53.83
2017-06-30 516.37 102.26 53.05
2017-03-31 544.69 100.56 52.41
2016-12-31 544.56 99.31 51.25
2016-09-30 496.57 81.48 42.31
2016-06-30 430.35 72.29 46.99
2016-03-31 374.23 52.82 46.27
2015-12-31 335.98 48.30 44.65
2015-09-30 332.02 37.32 34.48
2015-06-30 366.51 40.08 30.82
2015-03-31 348.98 59.27 32.57
2014-12-31 329.81 50.55 19.82
2014-09-30 278.01 46.41 17.46
2014-06-30 224.60 36.87 16.41
2014-03-31 202.34 20.09 14.67
2013-12-31 207.12 28.33 14.30
2013-09-30 195.10 28.42 13.22
2013-06-30 197.05 29.36 12.19
2013-03-31 185.04 29.52 10.92
2012-12-31 157.39 23.79 9.35
2012-09-30 125.28 17.18 8.28
2012-06-30 96.59 12.82 7.84
2012-03-31 85.32 10.48 7.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CITIC Envirotech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CITIC Envirotech used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • CITIC Envirotech has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CITIC Envirotech's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CITIC Envirotech has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

4UE1 Health

 How is CITIC Envirotech's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CITIC Envirotech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CITIC Envirotech's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CITIC Envirotech's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CITIC Envirotech's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CITIC Envirotech Company Filings, last reported 4 months ago.

BST:4UE1 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,906.76 801.64 385.39
2018-06-30 1,947.97 675.83 328.24
2018-03-31 1,960.45 771.59 568.04
2017-12-31 1,841.12 809.71 631.30
2017-09-30 1,573.54 800.11 439.96
2017-06-30 1,487.64 786.22 539.62
2017-03-31 1,482.18 568.05 399.47
2016-12-31 1,495.52 557.15 493.54
2016-09-30 1,379.40 535.65 406.61
2016-06-30 1,107.88 605.93 226.10
2016-03-31 1,127.17 657.96 332.03
2015-12-31 1,140.76 746.11 540.47
2015-09-30 885.85 700.74 296.74
2015-06-30 852.06 662.54 414.15
2015-03-31 741.35 378.01 113.76
2014-12-31 702.66 348.80 116.34
2014-09-30 658.96 352.97 119.80
2014-06-30 623.93 346.92 151.69
2014-03-31 319.21 308.24 142.23
2013-12-31 318.19 282.46 116.00
2013-09-30 286.78 228.22 82.23
2013-06-30 279.85 185.86 38.84
2013-03-31 271.33 189.09 59.60
2012-12-31 203.62 191.87 63.20
2012-09-30 193.12 179.65 70.07
2012-06-30 183.63 177.08 98.56
2012-03-31 178.17 176.22 93.20
  • CITIC Envirotech's level of debt (42%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (79.7% vs 42% today).
  • Debt is not well covered by operating cash flow (8.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.1x coverage).
X
Financial health checks
We assess CITIC Envirotech's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CITIC Envirotech has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

4UE1 Dividends

 What is CITIC Envirotech's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.26%
Current annual income from CITIC Envirotech dividends. Estimated to be 4.35% next year.
If you bought €2,000 of CITIC Envirotech shares you are expected to receive €65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CITIC Envirotech's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.53%).
  • CITIC Envirotech's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:4UE1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:4UE1 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2019-12-31 0.02 1.00
2018-12-31 0.01 1.00
BST:4UE1 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2018-04-10 0.015 2.978
2017-04-10 0.008 1.009
2016-04-14 0.002 0.264
2015-07-15 0.003 0.338
2015-05-27 0.003 0.291
2014-07-16 0.002 0.196
2013-07-11 0.003 0.478
2012-05-29 0.002 0.646
2011-05-24 0.002 0.892
2010-07-01 0.002 0.718
2010-02-01 0.000 0.000
2009-11-05 0.000 0.000
2009-08-12 0.000 0.000
2009-05-26 0.000 0.000
2009-02-20 0.002 2.780

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of CITIC Envirotech's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CITIC Envirotech's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CITIC Envirotech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CITIC Envirotech has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

4UE1 Management

 What is the CEO of CITIC Envirotech's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Weibao Hao
COMPENSATION SGD0
AGE 49
TENURE AS CEO 0.7 years
CEO Bio

Mr. Weibao Hao serves as the General Manager of CITIC Investments Holdings Limited. Mr. Hao serves as the President and Vice Chairman of CITIC Environment Investment Group Co., LTD. He is responsible for the day-to-day management of the CITIC Environment Investment Group Co., LTD and the effective implementation of corporate strategies and policies. He concurrently also serves as the President of CITIC Investment Holdings Limited. Before joining CITIC Group Corporation in 2008, he worked at Sinopec for over 14 years, where he gained a wide range of valuable experience in the fields of investment, finance and international trade. During his employment with Sinopec, he worked overseas for over 10 years, taking management and leadership positions in different offices worldwide. He has been an Executive Chairman and Executive Director at CITIC Envirotech Ltd. since April 24, 2015 and also serves as its CEO since June 01, 2018. He serves as a Director of Jiangsu Xinguanglian Technology Co., Ltd., Beijing Thomson CITIC Digital Technology Co., Ltd., CITIC Environment (International) Company Limited, CKM (Cayman) Company Limited and CENVIT (Cayman) Company Limited. He served as a Director of Beijing CITIC Xinyuan Technology Development Co., Ltd., Beijing Citi-Ben GS Product Co., LTD., CITIC Environment Investment Group Co., LTD., CITIC Investment Holdings Limited, CITIC Wily Equity Investment Fund Management Company and Xian CITIC Silk Road Hotel Company Ltd. Mr. Hao holds a Bachelor degree of Economics, with honors, from Jiangxi University of Finance and Economics and MBA degree from Chinese University of Hong Kong.

CEO Compensation
  • Insufficient data for Weibao to compare compensation growth.
  • Weibao's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the CITIC Envirotech management team in years:

3.6
Average Tenure
53
Average Age
  • The tenure for the CITIC Envirotech management team is about average.
Management Team

YuCheng Lin

TITLE
Founder
COMPENSATION
SGD9M
AGE
55
TENURE
16.1 yrs

Ning Wang

TITLE
Senior Deputy Chief Executive Officer of Business Unit 1
AGE
55
TENURE
3.6 yrs

Li Li

TITLE
Senior Deputy Chief Executive Officer of Business Unit 2
AGE
52
TENURE
3.6 yrs

Huchuan Tan

TITLE
Senior Deputy Chief Executive Officer of Business Unit 3
AGE
54
TENURE
3.6 yrs

Yong Zhang

TITLE
Executive Director
COMPENSATION
SGD570K
AGE
55

Weibao Hao

TITLE
Executive Chairman & Group CEO
AGE
49
TENURE
0.7 yrs

Lin Fong Ngoo

TITLE
Chief Financial Officer
AGE
44
TENURE
11 yrs

Shuhong Pan

TITLE
Group Chief Operating Officer
TENURE
3.4 yrs

Jerry Liu

TITLE
Chief Technology Officer
TENURE
3.4 yrs

Weng Chiew Chong

TITLE
Executive Vice President of Board Office
COMPENSATION
SGD855K
AGE
49
Board of Directors Tenure

Average tenure and age of the CITIC Envirotech board of directors in years:

3.8
Average Tenure
55
Average Age
  • The tenure for the CITIC Envirotech board of directors is about average.
Board of Directors

YuCheng Lin

TITLE
Founder
COMPENSATION
SGD9M
AGE
55

Yong Zhang

TITLE
Executive Director
COMPENSATION
SGD570K
AGE
55
TENURE
3.8 yrs

Weibao Hao

TITLE
Executive Chairman & Group CEO
AGE
49
TENURE
3.8 yrs

Song Wang

TITLE
Executive Director
AGE
36
TENURE
3.8 yrs

David Yeung

TITLE
Lead Independent Director
AGE
68
TENURE
6.8 yrs

Lee Suan Hiang

TITLE
Independent Director
AGE
68
TENURE
8.1 yrs

Beng Chuan Tay

TITLE
Independent Director
AGE
78
TENURE
10.3 yrs

Jingshuang Bi

TITLE
Non-Executive Director
AGE
45
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Oct 18 Buy CITIC Group Corporation Company 02. Oct 18 02. Oct 18 66,601,000 €0.45 €29,893,701
03. Oct 18 Sell CITIC Group Corporation Company 02. Oct 18 02. Oct 18 -38,041,000 €0.45 €-17,074,613
03. Oct 18 Sell CITIC Group Corporation Company 02. Oct 18 02. Oct 18 -28,560,000 €0.45 €-12,819,064
25. May 18 Buy YuCheng Lin Individual 25. May 18 25. May 18 1,080,000 €0.43 €463,466
24. May 18 Buy YuCheng Lin Individual 24. May 18 24. May 18 1,225,600 €0.43 €524,076
X
Management checks
We assess CITIC Envirotech's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CITIC Envirotech has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

4UE1 News

Simply Wall St News

4UE1 Company Info

Map
Description

CITIC Envirotech Ltd. provides water and wastewater treatment, water supply, and recycling services in the People’s Republic of China, Singapore, the United States, and Malaysia. It operates through Environmental Engineering, Water Treatment, and Membrane Manufacturing and Sales segments. The company is involved in the design, fabrication, installation, and commissioning of membrane-based water and wastewater treatment systems, as well as in undertaking various turnkey projects in the capacity of engineering, procurement, and construction contractor or as a membrane system specialist. It also invests in wastewater treatment projects under transfer-operate-transfer and build-own-transfer arrangements; and operates and manages third party treatment facilities. In addition, the company manufactures and supplies polyvinylidene fluoride hollow fiber membrane, and pressurized and submerged membrane products and integrated membrane systems; and trades in pumps. Further, it manages circular economy; manufactures polymers; and provides business and management consultancy. It serves the chemical, petrochemical, and municipal and industrial park sectors. The company was formerly known as United Envirotech Ltd. and changed its name to CITIC Envirotech Ltd. in July 2015. The company was founded in 1996 and is based in Singapore. CITIC Envirotech Ltd. is a subsidiary of CITIC Limited.

Details
Name: CITIC Envirotech Ltd.
4UE1
Exchange: BST
Founded: 1996
SGD725,840,853
2,420,387,356
Website: http://www.citicenvirotech.com
Address: CITIC Envirotech Ltd.
No. 01-01, The Alpha,
10 Science Park Road,
Singapore,
117684,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX CEE Ordinary Shares Singapore Exchange SG SGD 22. Apr 2004
OTCPK UEDV.F Ordinary Shares Pink Sheets LLC US USD 22. Apr 2004
BST 4UE1 Ordinary Shares Boerse-Stuttgart DE EUR 22. Apr 2004
Number of employees
Current staff
Staff numbers
0
CITIC Envirotech employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 23:03
End of day share price update: 2019/02/19 00:00
Last estimates confirmation: 2019/02/13
Last earnings filing: 2018/10/24
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.