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China Recycling Energy

DB:CR9N
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CR9N
DB
$11M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

China Recycling Energy Corporation engages in the recycling energy business in China. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
  • China Recycling Energy has significant price volatility in the past 3 months.
CR9N Share Price and Events
7 Day Returns
-37.7%
DB:CR9N
2.9%
DE Commercial Services
2.3%
DE Market
1 Year Returns
-56.6%
DB:CR9N
-7.5%
DE Commercial Services
-7.2%
DE Market
CR9N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Recycling Energy (CR9N) -37.7% -31.1% -23.2% -56.6% -69.2% -97.8%
DE Commercial Services 2.9% 1.7% 10.5% -7.5% 3.2% -44.2%
DE Market 2.3% 3.1% 8.8% -7.2% 9.3% 12.3%
1 Year Return vs Industry and Market
  • CR9N underperformed the Commercial Services industry which returned -7.5% over the past year.
  • CR9N underperformed the Market in Germany which returned -7.2% over the past year.
Price Volatility
CR9N
Industry
5yr Volatility vs Market

CR9N Value

 Is China Recycling Energy 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 China Recycling Energy 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 China Recycling Energy.

DB:CR9N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.1%
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 DB:CR9N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 25%) (466.09%))
2.542
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:CR9N using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Recycling Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:CR9N DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2019 2.07 Est @ -48.16% 1.85
2020 1.38 Est @ -33.64% 1.09
2021 1.05 Est @ -23.48% 0.75
2022 0.88 Est @ -16.37% 0.56
2023 0.78 Est @ -11.39% 0.44
2024 0.72 Est @ -7.9% 0.36
2025 0.68 Est @ -5.46% 0.30
2026 0.65 Est @ -3.76% 0.26
2027 0.64 Est @ -2.56% 0.23
2028 0.63 Est @ -1.72% 0.20
Present value of next 10 years cash flows $6.03
DB:CR9N DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.63 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$5.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5.26 ÷ (1 + 12.15%)10
$1.67
DB:CR9N Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6.03 + $1.67
$7.71
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7.71 / 16.11
$0.48
DB:CR9N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CR9N represents 0.89536x of NasdaqCM:CREG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89536x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.48 x 0.89536
€0.43
Value per share (EUR) From above. €0.43
Current discount Discount to share price of €0.57
= -1 x (€0.57 - €0.43) / €0.43
-32.8%

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

  • The current share price of China Recycling Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 China Recycling Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Recycling Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CR9N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-1.76
NasdaqCM:CREG Share Price ** NasdaqCM (2019-04-17) in USD $0.64
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 17.12x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.43x

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

** Primary Listing of China Recycling Energy.

DB:CR9N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:CREG Share Price ÷ EPS (both in USD)

= 0.64 ÷ -1.76

-0.36x

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

  • China Recycling Energy is loss making, we can't compare its value to the Europe Commercial Services industry average.
  • China Recycling Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does China Recycling Energy's expected growth come at a high price?
Raw Data
DB:CR9N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
50.5%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.37x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for China Recycling Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Recycling Energy's assets?
Raw Data
DB:CR9N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $17.25
NasdaqCM:CREG Share Price * NasdaqCM (2019-04-17) in USD $0.64
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.06x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:CR9N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:CREG Share Price ÷ Book Value per Share (both in USD)

= 0.64 ÷ 17.25

0.04x

* Primary Listing of China Recycling Energy.

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

  • China Recycling Energy is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess China Recycling Energy'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. China Recycling Energy has a total score of 1/6, 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.

CR9N Future Performance

 How is China Recycling Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Recycling Energy, future earnings growth has been estimated based on fundamentals.
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
50.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Recycling Energy expected to grow at an attractive rate?
  • China Recycling Energy's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • China Recycling Energy's earnings growth is expected to exceed the Germany market average.
  • Unable to compare China Recycling Energy's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:CR9N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CR9N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 50.5%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.6%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
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
DB:CR9N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CR9N Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 -1 4 -15
2018-06-30 3 -11
2018-03-31 2 -10
2017-12-31 0 -9
2017-09-30 5 8 0
2017-06-30 0 14 0
2017-03-31 0 31 2
2016-12-31 0 40 2
2016-09-30 0 43 3
2016-06-30 0 40 5
2016-03-31 24 73 14
2015-12-31 24 64 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Recycling Energy's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if China Recycling Energy is high growth as no revenue estimate data is available.
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
DB:CR9N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Recycling Energy Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CR9N Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -1.76
2018-06-30 -1.38
2018-03-31 -1.15
2017-12-31 -1.08
2017-09-30 0.04
2017-06-30 0.02
2017-03-31 0.25
2016-12-31 0.22
2016-09-30 0.32
2016-06-30 0.65
2016-03-31 1.73
2015-12-31 2.21

*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 China Recycling Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Recycling Energy'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.
China Recycling Energy has a total score of 3/6, 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.

CR9N Past Performance

  How has China Recycling Energy 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 China Recycling Energy'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.
  • China Recycling Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Recycling Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Recycling Energy's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
China Recycling Energy'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 China Recycling Energy Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CR9N Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -1.04 -14.59 6.15
2018-06-30 -11.48 3.81
2018-03-31 -9.53 3.07
2017-12-31 -9.00 2.82
2017-09-30 5.00 0.35 4.33
2017-06-30 0.00 0.13 1.05
2017-03-31 0.00 2.11 1.18
2016-12-31 0.01 1.83 1.56
2016-09-30 -0.22 2.69 1.69
2016-06-30 -0.39 5.42 1.91
2016-03-31 24.19 14.35 2.10
2015-12-31 24.36 18.40 2.31
2015-09-30 24.69 24.01 2.81
2015-06-30 25.07 25.51 3.14
2015-03-31 19.66 20.82 3.35
2014-12-31 19.66 19.81 3.49
2014-09-30 32.74 18.68 3.92
2014-06-30 54.27 18.31 4.00
2014-03-31 49.03 15.45 3.92
2013-12-31 63.19 15.63 4.16
2013-09-30 50.21 12.99 3.18
2013-06-30 28.95 7.19 2.87
2013-03-31 15.44 4.68 3.00
2012-12-31 1.25 3.41 2.69
2012-09-30 1.54 -1.87 3.12
2012-06-30 19.91 10.60 2.88

*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.
  • It is difficult to establish if China Recycling Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if China Recycling Energy has efficiently used its assets last year compared to the Europe Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if China Recycling Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess China Recycling Energy'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.
China Recycling Energy has a total score of 0/6, 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.

CR9N Health

 How is China Recycling Energy'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 China Recycling Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Recycling Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Recycling Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Recycling Energy'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 1.8x 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 China Recycling Energy Company Filings, last reported 6 months ago.

DB:CR9N Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 142.62 49.27 50.94
2018-06-30 199.78 50.18 51.14
2018-03-31 212.34 52.80 53.21
2017-12-31 204.28 50.83 49.83
2017-09-30 210.78 50.02 48.31
2017-06-30 206.63 49.01 46.98
2017-03-31 202.82 48.70 47.05
2016-12-31 201.43 48.58 47.75
2016-09-30 210.55 50.51 40.68
2016-06-30 211.52 59.04 42.74
2016-03-31 214.82 67.52 34.56
2015-12-31 213.71 83.22 41.75
2015-09-30 218.27 106.69 53.17
2015-06-30 223.75 113.39 53.38
2015-03-31 211.45 135.16 26.65
2014-12-31 208.12 143.67 35.87
2014-09-30 201.49 126.76 16.38
2014-06-30 163.21 141.77 6.62
2014-03-31 156.71 125.79 16.24
2013-12-31 155.02 100.27 7.70
2013-09-30 132.82 117.26 34.86
2013-06-30 127.33 63.16 32.63
2013-03-31 123.11 65.18 44.85
2012-12-31 119.36 65.81 45.00
2012-09-30 116.63 73.06 56.16
2012-06-30 115.89 77.92 41.65
  • China Recycling Energy's level of debt (34.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (88% vs 34.5% today).
  • Debt is not well covered by operating cash flow (8.1%, less than 20% of total debt).
  • Unable to confirm if the interest payments on China Recycling Energy's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess China Recycling Energy'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. China Recycling Energy has a total score of 4/6, 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.

CR9N Dividends

 What is China Recycling Energy'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
0%
Current annual income from China Recycling Energy dividends.
If you bought €2,000 of China Recycling Energy shares you are expected to receive €0 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?
  • Unable to evaluate China Recycling Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Recycling Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
DB:CR9N 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 0 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as China Recycling Energy has not reported any payouts.
  • Unable to verify if China Recycling Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Recycling Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Recycling Energy has not reported any payouts.
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 China Recycling Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 China Recycling Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Recycling Energy has a total score of 0/6, see the detailed checks below.


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

CR9N Management

 What is the CEO of China Recycling Energy'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
Guohua Ku
COMPENSATION $33,078
AGE 56
TENURE AS CEO 10.3 years
CEO Bio

Mr. Guohua Ku has been the Chief Executive Officer of China Recycling Energy Corp., since December 10, 2008. Mr. Ku served as the President and Chief Technology Officer of China Recycling Energy Corp. He served as Senior Technology and Marketing Officer for several large Chinese state-owned companies. He served as a Senior Engineer of Yingfeng Technology from 2003 to 2007. From 1979 to 2003, Mr. Ku served in multiple capacities for Shan Xi Blast Air Blower (Group) Co. Ltd., and served as its Senior Engineer. He gained tremendous experiences and developed exceptional expertise on the development and operation of TRT programs and energy recycling systems. He has been the Chairman of the Board of China Recycling Energy Corp. since April 1, 2009. He served as the Chairman of the Board of China Recycling Energy until August 2007. He has been a Director of China Recycling Energy Corp. since December 10, 2008 and previously served in the same position until August 2007. Mr. Ku graduated from Northwestern University (China) with the Master of Business Administration.

CEO Compensation
  • Guohua's compensation has been consistent with company performance over the past year.
  • Guohua's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the China Recycling Energy management team in years:

5
Average Tenure
50
Average Age
  • The average tenure for the China Recycling Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Guohua Ku

TITLE
Chairman & CEO
COMPENSATION
$33K
AGE
56
TENURE
10.3 yrs

Adeline Gu

TITLE
CFO & Secretary
COMPENSATION
$26K
AGE
40
TENURE
2.6 yrs

Geyun Wang

TITLE
VP & Executive Director
COMPENSATION
$28K
AGE
50
TENURE
5 yrs

Lanwei Li

TITLE
Chief Operating Officer
AGE
36

Bohan Zhang

TITLE
Vice President of Accounting
AGE
50
TENURE
4.1 yrs

Nicholas Shao

TITLE
Advisory
COMPENSATION
$12K
TENURE
6.9 yrs
Board of Directors Tenure

Average tenure and age of the China Recycling Energy board of directors in years:

3.7
Average Tenure
56
Average Age
  • The tenure for the China Recycling Energy board of directors is about average.
Board of Directors

Guohua Ku

TITLE
Chairman & CEO
COMPENSATION
$33K
AGE
56
TENURE
10 yrs

Geyun Wang

TITLE
VP & Executive Director
COMPENSATION
$28K
AGE
50
TENURE
5.3 yrs

Xiaogang Zhu

TITLE
Independent Director
COMPENSATION
$7K
AGE
64
TENURE
1.8 yrs

LuLu Sun

TITLE
Independent Director
COMPENSATION
$12K
AGE
40
TENURE
3.7 yrs

Xiaoping Guo

TITLE
Independent Director
COMPENSATION
$7K
AGE
65
TENURE
1.8 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 (€)
X
Management checks
We assess China Recycling Energy'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. China Recycling Energy 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.

CR9N News

Simply Wall St News

CR9N Company Info

Description

China Recycling Energy Corporation engages in the recycling energy business in China. It designs, finances, constructs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. The company offers waste pressure-to-energy solutions, including the blast furnace top gas recovery turbine unit, a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generates electricity; and waste heat-to-energy solutions, such as heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes. It also provides waste gas-to-energy solutions comprising the waste gas power generation system that utilizes flammable waste gas from coal mining, petroleum exploitation, refinery processing, or other sources as a fuel source to generate electricity; and the combined cycle power plant, which employs power generating cycle to utilize the waste gas that generates electricity by burning the flammable waste gas in a gas turbine, as well as uses the waste heat from burning the gas to make steam to generate additional electricity through a steam turbine. In addition, the company offers biomass power generation systems (BMPG); and waste heat power generation (WHPG) systems; and project investment, investment management, economic information consulting, technical, and financial leasing services, as well as leases energy saving systems and equipment. As of December 31, 2017, it had five recycling WHPG systems and four BMPG systems. The company was formerly known as China Digital Wireless, Inc. and changed its name to China Recycling Energy Corporation in March 2007. China Recycling Energy Corporation was incorporated in 1980 and is headquartered in Xi’an, China.

Details
Name: China Recycling Energy Corporation
CR9N
Exchange: DB
Founded: 1980
$9,354,007
16,106,498
Website: http://www.creg-cn.com
Address: China Recycling Energy Corporation
Rong Cheng Yun Gu Building,
Tower C, 4th Floor,
Xi'an,
Shaanxi Province, 710075,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CREG Common Stock Nasdaq Capital Market US USD 24. Jun 2004
DB CR9N Common Stock Deutsche Boerse AG DE EUR 24. Jun 2004
Number of employees
Current staff
Staff numbers
27
China Recycling Energy employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 22:00
End of day share price update: 2019/04/17 00:00
Last earnings filing: 2019/04/08
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.