China Everbright International Limited, an investment holding company, provides environmental solutions in the People’s Republic of China, Germany, Poland, and Vietnam.
Very undervalued 6 star dividend payer.
Share Price & News
How has China Everbright International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CNE has not had significant price volatility in the past 3 months.
7 Day Return
DE Commercial Services
1 Year Return
DE Commercial Services
Return vs Industry: CNE underperformed the German Commercial Services industry which returned -6.5% over the past year.
Return vs Market: CNE underperformed the German Market which returned 13.7% over the past year.
Price Volatility Vs. Market
How volatile is China Everbright International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is China Everbright International undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CNE (€0.67) is trading below our estimate of fair value (€2.11)
Significantly Below Fair Value: CNE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CNE is good value based on its PE Ratio (6.9x) compared to the Commercial Services industry average (31.8x).
PE vs Market: CNE is good value based on its PE Ratio (6.9x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: CNE is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: CNE is good value based on its PB Ratio (1x) compared to the DE Commercial Services industry average (3.3x).
How is China Everbright International forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNE's forecast earnings growth (15.6% per year) is above the savings rate (-0.4%).
Earnings vs Market: CNE's earnings (15.6% per year) are forecast to grow faster than the German market (13.1% per year).
High Growth Earnings: CNE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CNE's revenue (13.6% per year) is forecast to grow faster than the German market (5% per year).
High Growth Revenue: CNE's revenue (13.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CNE's Return on Equity is forecast to be low in 3 years time (15.1%).
How has China Everbright International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNE has a high level of non-cash earnings.
Growing Profit Margin: CNE's current net profit margins (15%) are lower than last year (17.3%).
Past Earnings Growth Analysis
Earnings Trend: CNE's earnings have grown significantly by 23.1% per year over the past 5 years.
Accelerating Growth: CNE's earnings growth over the past year (21.3%) is below its 5-year average (23.1% per year).
Earnings vs Industry: CNE earnings growth over the past year (21.3%) exceeded the Commercial Services industry 10.9%.
Return on Equity
High ROE: CNE's Return on Equity (13.6%) is considered low.
Return on Assets
Return on Capital Employed
How is China Everbright International's financial position?
Financial Position Analysis
Short Term Liabilities: CNE's short term assets (HK$29.9B) exceed its short term liabilities (HK$17.3B).
Long Term Liabilities: CNE's short term assets (HK$29.9B) do not cover its long term liabilities (HK$44.7B).
Debt to Equity History and Analysis
Debt Level: CNE's debt to equity ratio (102.2%) is considered high.
Reducing Debt: CNE's debt to equity ratio has increased from 49.3% to 102.2% over the past 5 years.
Debt Coverage: CNE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CNE's interest payments on its debt are well covered by EBIT (6.2x coverage).
Inventory Level: CNE has a low level of unsold assets or inventory.
Debt Coverage by Assets: CNE's debt is not covered by short term assets (assets are 0.7x debt).
What is China Everbright International's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CNE's dividend (4.64%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: CNE's dividend (4.64%) is in the top 25% of dividend payers in the German market (3.65%)
Stability and Growth of Payments
Stable Dividend: CNE's dividends per share have been stable in the past 10 years.
Growing Dividend: CNE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.9%), CNE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CNE's dividends in 3 years are forecast to be well covered by earnings (29.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Tianyi Wang (56yo)
Mr. Wang Tianyi has been Chief Executive Officer of China Everbright International Limited since January 1, 2018 and Executive Director since February 21, 2010. Mr. Wang served as the General Manager of Ch ...
CEO Compensation Analysis
Compensation vs Market: Tianyi's total compensation ($USD945.76K) is below average for companies of similar size in the German market ($USD2.27M).
Compensation vs Earnings: Tianyi's compensation has increased by more than 20% in the past year.
|Chairman||3.2yrs||no data||no data|
|CEO & Executive Director||2.1yrs||HK$7.36m||no data|
|CFO & Executive Director||17.2yrs||HK$5.60m||0.045% HK$1.8m|
|Executive Director & Deputy GM||2.1yrs||HK$5.16m||no data|
|Deputy GM & Executive Director||2.1yrs||HK$5.05m||no data|
|Independent Non-Executive Director||15.4yrs||HK$429.00k||no data|
|Independent Non-Executive Director||22.3yrs||HK$426.00k||0.18% HK$7.4m|
|Independent Non-Executive Director||9.1yrs||HK$419.00k||no data|
|Independent Non-executive Director||1.5yrs||HK$123.00k||no data|
Experienced Board: CNE's board of directors are considered experienced (9.1 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.9%.
China Everbright International Limited's company bio, employee growth, exchange listings and data sources
- Name: China Everbright International Limited
- Ticker: CNE
- Exchange: DB
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: HK$34.401b
- Listing Market Cap: HK$4.095b
- Shares outstanding: 6.14b
- Website: https://www.ebchinaintl.com
Number of Employees
- China Everbright International Limited
- Far East Finance Centre
- 27th Floor
- Hong Kong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|257||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|CHFF.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|CNE||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|257||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|257||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|CHFF.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||May 2014|
China Everbright International Limited, an investment holding company, provides environmental solutions in the People’s Republic of China, Germany, Poland, and Vietnam. The company operates through four segments: Environmental Energy Project Construction and Operation; Environmental Water Project Construction and Operation; Greentech Project Construction and Operation; and Others. The Environmental Energy Project Construction and Operation segment constructs and operates waste-to-energy plants, methane-to-energy plants, sludge treatment and disposal projects, and food waste treatment projects. The Environmental Water Project Construction and Operation segment constructs, upgrades, and operates waste-water treatment plants, reusable water treatment plants, surface water treatment plants, waste water source heat pump projects, and water environment management projects. The Greentech Project Construction and Operation segment constructs and operates integrated biomass utilization, hazardous and solid waste treatment, solar energy, and wind power projects. The Others segment conducts environmental protection technology research and development projects; provides environmental related technological services; designs environmental protection projects, and manufactures and sells environmental protection project equipment. The company also operates waste treatment plant and landfill site; and provides construction management services, as well as constructs, operates, maintains, researches, and develops biomass direct combustion power generation projects and sponge city. In addition, it engages in the collection and treatment of municipal wastes through mechanical and biological technology; and river restoration project. The company is headquartered in Hong Kong, Hong Kong. China Everbright International Limited is a subsidiary of Guildford Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 21:18|
|End of Day Share Price||2020/02/20 00:00|
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.