Canvest Environmental Protection Group
Canvest Environmental Protection Group Company Limited, an investment holding company, engages in the development, construction, operation, and management of waste-to-energy plants in the People’s Republic of China. The last earnings update was 83 days ago. More info.
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1381 Share Price and Events
7 Day Returns
1 Year Returns
1381 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Canvest Environmental Protection Group (1381) | -3.1% | 5.1% | -7.7% | -14.5% | 9.1% | - |
| HK Renewable Energy | -2.1% | -1.6% | -6.3% | -15.2% | -11.4% | -48.8% |
| HK Market | -1.1% | 3.4% | -7.7% | -6.5% | 17.4% | 4.2% |
1 Year Return vs Industry and Market
- 1381 matched the Renewable Energy industry (-15.2%) over the past year.
- 1381 underperformed the Market in Hong Kong which returned -6.5% over the past year.
Value
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
Canvest Environmental Protection Group
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Canvest Environmental Protection Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 10 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.3% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Renewable Energy Unlevered Beta | Simply Wall St/ S&P Global | 0.47 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.47 (1 + (1- 25%) (45.78%)) |
0.753 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.8 * 6.65%) |
7.32% |
Discounted Cash Flow Calculation for SEHK:1381 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Canvest Environmental Protection Group 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.
| Levered FCF (HKD, Millions) | Source |
Present Value Discounted (@ 7.32%) |
|
|---|---|---|---|
| 2020 | -956.00 | Analyst x2 | -890.77 |
| 2021 | 16.75 | Analyst x4 | 14.54 |
| 2022 | 1,122.00 | Analyst x1 | 907.64 |
| 2023 | 1,201.00 | Analyst x1 | 905.26 |
| 2024 | 1,265.44 | Est @ 5.37% | 888.74 |
| 2025 | 1,320.56 | Est @ 4.36% | 864.18 |
| 2026 | 1,368.77 | Est @ 3.65% | 834.61 |
| 2027 | 1,411.97 | Est @ 3.16% | 802.20 |
| 2028 | 1,451.65 | Est @ 2.81% | 768.47 |
| 2029 | 1,488.93 | Est @ 2.57% | 734.42 |
| Present value of next 10 years cash flows | HK$5,829.29 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= HK$1,488.93 × (1 + 2%) ÷ (7.32% – 2%) |
HK$28,548.02 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= HK$28,548.02 ÷ (1 + 7.32%)10 |
HK$14,081.47 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= HK$5,829.29 + HK$14,081.47 |
HK$19,910.76 |
| Equity Value per Share (HKD) |
= Total value / Shares Outstanding
= HK$19,910.76 / 2,443.88 |
HK$8.15 |
| Calculation | Result | |
|---|---|---|
| Value per share (HKD) | From above. | HK$8.15 |
| Current discount | Discount to share price of
HK$3.71
= -1 x (HK$3.71 - HK$8.15) / HK$8.15 |
54.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Canvest Environmental Protection Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Canvest Environmental Protection Group'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 Canvest Environmental Protection Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Canvest Environmental Protection Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in HKD | HK$0.31 |
| SEHK:1381 Share Price ** | SEHK (2019-07-15) in HKD | HK$3.71 |
| Hong Kong Renewable Energy Industry PE Ratio | Median Figure of 24 Publicly-Listed Renewable Energy Companies | 9.51x |
| Hong Kong Market PE Ratio | Median Figure of 1,503 Publicly-Listed Companies | 10.71x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Canvest Environmental Protection Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:1381 Share Price ÷ EPS (both in HKD) = 3.71 ÷ 0.31 |
12.07x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Canvest Environmental Protection Group is overvalued based on earnings compared to the HK Renewable Energy industry average.
- Canvest Environmental Protection Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Canvest Environmental Protection Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 12.07x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts |
15.1%per year |
| Hong Kong Renewable Energy Industry PEG Ratio | Median Figure of 17 Publicly-Listed Renewable Energy Companies | 0.73x |
| Hong Kong Market PEG Ratio | Median Figure of 477 Publicly-Listed Companies | 0.79x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 12.07x ÷ 15.1% |
0.8x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Canvest Environmental Protection Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Canvest Environmental Protection Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in HKD | HK$2.16 |
| SEHK:1381 Share Price * | SEHK (2019-07-15) in HKD | HK$3.71 |
| Hong Kong Renewable Energy Industry PB Ratio | Median Figure of 27 Publicly-Listed Renewable Energy Companies | 0.66x |
| Hong Kong Market PB Ratio | Median Figure of 2,190 Publicly-Listed Companies | 0.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:1381 Share Price ÷ Book Value per Share (both in HKD) = 3.71 ÷ 2.16 |
1.72x |
* Primary Listing of Canvest Environmental Protection Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Canvest Environmental Protection Group is overvalued based on assets compared to the HK Renewable Energy industry average.
Value checks
We assess Canvest Environmental Protection Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Renewable Energy industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Renewable Energy industry average (and greater than 0)? (1 check) Canvest Environmental Protection Group has a total score of 3/6, 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.
Future Performance
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!
Earnings growth vs Low Risk Savings
- Canvest Environmental Protection Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Canvest Environmental Protection Group's earnings growth is expected to exceed the Hong Kong market average.
- Canvest Environmental Protection Group's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:1381 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts | 15.1% |
| SEHK:1381 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts | 16.2% |
| Hong Kong Renewable Energy Industry Earnings Growth Rate | Market Cap Weighted Average | 17.8% |
| Hong Kong Renewable Energy Industry Revenue Growth Rate | Market Cap Weighted Average | 4.2% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.2% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.2% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 5,431 | -300 | 1,196 | 7 |
| 2020-12-31 | 4,918 | -49 | 1,054 | 9 |
| 2019-12-31 | 4,064 | 56 | 905 | 9 |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,326 | -154 | 754 |
| 2018-09-30 | 2,938 | -287 | 705 |
| 2018-06-30 | 2,550 | -419 | 656 |
| 2018-03-31 | 2,474 | -544 | 610 |
| 2017-12-31 | 2,398 | -668 | 564 |
| 2017-09-30 | 2,270 | -581 | 518 |
| 2017-06-30 | 2,142 | -494 | 472 |
| 2017-03-31 | 1,898 | -274 | 436 |
| 2016-12-31 | 1,654 | -54 | 400 |
| 2016-09-30 | 1,511 | 13 | 362 |
| 2016-06-30 | 1,368 | 79 | 325 |
| 2016-03-31 | 1,276 | 24 | 298 |
*GAAP earnings excluding extraordinary items.
High Growth Checks
- Canvest Environmental Protection Group's earnings are expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).
- Canvest Environmental Protection Group's revenue is expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
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 10 Analyst Estimates (S&P Global) | See Below |
All data from Canvest Environmental Protection Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 0.49 | 0.60 | 0.34 | 7.00 |
| 2020-12-31 | 0.43 | 0.49 | 0.35 | 8.00 |
| 2019-12-31 | 0.37 | 0.41 | 0.34 | 8.00 |
| Date (Data in HKD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.31 |
| 2018-09-30 | 0.29 |
| 2018-06-30 | 0.27 |
| 2018-03-31 | 0.25 |
| 2017-12-31 | 0.24 |
| 2017-09-30 | 0.23 |
| 2017-06-30 | 0.22 |
| 2017-03-31 | 0.21 |
| 2016-12-31 | 0.20 |
| 2016-09-30 | 0.18 |
| 2016-06-30 | 0.16 |
| 2016-03-31 | 0.15 |
*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.
- Canvest Environmental Protection Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Canvest Environmental Protection Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Canvest Environmental Protection Group 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.
Past Performance
How has Canvest Environmental Protection Group 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
Past Earnings growth analysis
- Canvest Environmental Protection Group has delivered over 20% year on year earnings growth in the past 5 years.
- Canvest Environmental Protection Group's 1-year earnings growth is less than its 5-year average (33.7% vs 33.8%)
- Canvest Environmental Protection Group's earnings growth has exceeded the HK Renewable Energy industry average in the past year (33.7% vs 2.6%).
Earnings and Revenue History
All data from Canvest Environmental Protection Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,325.89 | 754.36 | 227.25 | |
| 2018-09-30 | 2,938.09 | 705.23 | 211.05 | |
| 2018-06-30 | 2,550.28 | 656.10 | 194.86 | |
| 2018-03-31 | 2,473.91 | 610.17 | 179.78 | |
| 2017-12-31 | 2,397.53 | 564.25 | 164.70 | |
| 2017-09-30 | 2,269.53 | 518.28 | 153.36 | |
| 2017-06-30 | 2,141.53 | 472.31 | 142.02 | |
| 2017-03-31 | 1,897.54 | 436.16 | 132.46 | |
| 2016-12-31 | 1,653.55 | 400.02 | 122.90 | |
| 2016-09-30 | 1,510.96 | 362.48 | 120.64 | |
| 2016-06-30 | 1,368.37 | 324.95 | 118.38 | |
| 2016-03-31 | 1,276.45 | 298.48 | 115.01 | |
| 2015-12-31 | 1,184.54 | 272.00 | 111.65 | |
| 2015-09-30 | 1,075.72 | 224.02 | 107.81 | |
| 2015-06-30 | 966.90 | 176.04 | 103.97 | |
| 2015-03-31 | 880.43 | 183.54 | 97.29 | |
| 2014-12-31 | 793.97 | 191.04 | 90.61 | |
| 2014-09-30 | 651.45 | 182.21 | 75.62 | |
| 2014-06-30 | 508.93 | 173.38 | 60.64 | |
| 2014-03-31 | 449.55 | 152.18 | 50.62 | |
| 2013-12-31 | 390.17 | 130.97 | 40.60 | |
| 2012-12-31 | 387.13 | 126.54 | 33.07 |
*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.
- Canvest Environmental Protection Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Canvest Environmental Protection Group used its assets more efficiently than the HK Renewable Energy industry average last year based on Return on Assets.
- Canvest Environmental Protection Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Canvest Environmental Protection Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Renewable Energy industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Canvest Environmental Protection Group has a total score of 4/6, 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.
Health
How is Canvest Environmental Protection Group'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 Canvest Environmental Protection Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Canvest Environmental Protection Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Canvest Environmental Protection Group's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.5x 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.
All data from Canvest Environmental Protection Group Company Filings, last reported 6 months ago.
| Date (Data in HKD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 5,294.56 | 4,128.80 | 1,360.11 |
| 2018-09-30 | 5,294.56 | 4,128.80 | 1,360.11 |
| 2018-06-30 | 5,075.52 | 3,729.94 | 1,217.42 |
| 2018-03-31 | 5,075.52 | 3,729.94 | 1,217.42 |
| 2017-12-31 | 4,890.31 | 3,159.86 | 1,364.72 |
| 2017-09-30 | 4,890.31 | 3,159.86 | 1,364.72 |
| 2017-06-30 | 4,441.14 | 2,714.19 | 1,708.52 |
| 2017-03-31 | 4,441.14 | 2,714.19 | 1,708.52 |
| 2016-12-31 | 2,723.04 | 2,319.32 | 623.01 |
| 2016-09-30 | 2,723.04 | 2,319.32 | 623.01 |
| 2016-06-30 | 2,621.79 | 2,030.78 | 839.32 |
| 2016-03-31 | 2,621.79 | 2,030.78 | 839.32 |
| 2015-12-31 | 2,334.40 | 1,419.90 | 454.82 |
| 2015-09-30 | 2,334.40 | 1,419.90 | 454.82 |
| 2015-06-30 | 2,542.32 | 1,378.27 | 1,137.93 |
| 2015-03-31 | 2,542.32 | 1,378.27 | 1,137.93 |
| 2014-12-31 | 2,417.96 | 1,028.69 | 1,456.63 |
| 2014-09-30 | 2,417.96 | 1,028.69 | 1,456.63 |
| 2014-06-30 | 1,213.80 | 1,021.04 | 525.67 |
| 2014-03-31 | 1,213.80 | 1,021.04 | 525.67 |
| 2013-12-31 | 761.80 | 381.57 | 229.21 |
| 2012-12-31 | 228.85 | 471.73 | 57.02 |
- Canvest Environmental Protection Group's level of debt (78%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (50.7% vs 78% today).
- Operating cash flow is negative therefore debt is not well covered.
- Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
Financial health checks
We assess Canvest Environmental Protection Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Canvest Environmental Protection Group has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
HK$2,000 of
Canvest Environmental Protection Group
shares you are expected to receive
HK$25
in your first year as a dividend.
Dividend Amount
- Canvest Environmental Protection Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
- Canvest Environmental Protection Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Renewable Energy Industry Average Dividend Yield | Market Cap Weighted Average of 18 Stocks | 3.4% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 978 Stocks | 3.6% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in HK$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.08 | 8.00 |
| 2020-12-31 | 0.07 | 9.00 |
| 2019-12-31 | 0.06 | 9.00 |
| Date (Data in HK$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-25 | 0.046 | 1.237 |
| 2018-08-16 | 0.039 | 0.957 |
| 2018-03-19 | 0.033 | 0.768 |
| 2017-08-16 | 0.029 | 0.655 |
| 2017-04-21 | 0.032 | 0.760 |
| 2017-03-22 | 0.032 | 0.695 |
| 2016-09-12 | 0.022 | 0.581 |
| 2016-08-23 | 0.022 | 0.604 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Canvest Environmental Protection Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Canvest Environmental Protection Group only paid a dividend in the past 3 years.
Income/ dividend checks
We assess Canvest Environmental Protection Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Canvest Environmental Protection Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Canvest Environmental Protection Group has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | HK$2,515,000 |
| AGE | 53 |
CEO Bio
Mr. Guozhen Yuan serves as the Chief Executive Officer of Canvest Environmental Protection Group Company Limited. Mr. Yuan is responsible for executing the overall strategies and managing the daily operation of Group. Mr. Yuan has been a Director of Eco-Tech since June 2003 and a Director and General Manager of Kewei since October 2011. He is the legal representative and director of Zhanjiang Yuefeng and Canvest Consultancy since their respective establishment. He served as the Executive Deputy General Manager of Dongguan Sanyang Industrial Development Co., Ltd. (formerly known as Dongguan Sanyang Industrial Development Corporation) from September 1995 to July 2004 and was mainly responsible for assisting the general manager in the operation and management of the company. Mr. Yuan served as a General Manager of Dongguan Dongcheng Dongxing Thermal Power Company Limited (now known as Dongguan China Power New Energy Heat and Power Company Limited) from July 2004 to September 2008. He served as the General Manager of Yunnan Shuang Xing Green Energy Company Limited (now known as Kunming China Energy Environmental Power Company Limited) from November 2007 to December 2008. He has been an Executive Director of Canvest Environmental Protection Group Company Limited since September 24, 2014. Mr. Yuan obtained an EMBA degree from South China University of Technology in June 2009.
CEO Compensation
- Guozhen's compensation has been consistent with company performance over the past year, both up more than 20%.
- Guozhen's remuneration is about average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the Canvest Environmental Protection Group management team in years:
- The tenure for the Canvest Environmental Protection Group management team is about average.
Management Team
Loretta Lee
Chairlady
HK$4M
44
Guozhen Yuan
CEO & Executive Director
HK$3M
53
Li Jianwen Lai
Deputy Chairman
HK$630K
40
Chun Tung Lai
Executive Director
HK$6M
45
Lisa Wong
CFO & Company Secretary
46
6.1 yrs
Lanqun Song
VP & Chief Engineer
52
4.8 yrs
Bo Chen
VP & Chief Engineer
43
4.8 yrs
Board of Directors Tenure
Average tenure and age of the Canvest Environmental Protection Group board of directors in years:
- The tenure for the Canvest Environmental Protection Group board of directors is about average.
Board of Directors
Guozhen Yuan
CEO & Executive Director
HK$3M
53
4.8 yrs
Li Jianwen Lai
Deputy Chairman
HK$630K
40
4.8 yrs
Chun Tung Lai
Executive Director
HK$6M
45
4.8 yrs
Zhenquan Sha
Independent & Non-Executive Director
HK$180K
59
4.6 yrs
Loretta Lee
Chairlady
HK$4M
44
4.8 yrs
Jason Chan
Independent Non-Executive Director
HK$240K
46
4.6 yrs
Wing Yin Chung
Independent & Non-Executive Director
HK$180K
42
4.6 yrs
Alexander Lui
Non-Executive Director
HK$180K
40
4.8 yrs
Yui Lai
Non-Executive Director
HK$180K
44
4.8 yrs
Jun Feng
Non-Executive Director
56
2.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. Dec 18 | Buy | Shanghai Industrial Investment (Holding) Co., Ltd. | Company | 14. Dec 18 | 14. Dec 18 | 73,660,000 | HK$3.92 | HK$288,747,127 | ||
Management checks
We assess Canvest Environmental Protection Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Canvest Environmental Protection Group 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.
News
Simply Wall St News
Is Canvest Environmental Protection Group Company Limited's (HKG:1381) High P/E Ratio A Problem For Investors?
We'll look at Canvest Environmental Protection Group Company Limited's (HKG:1381) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Canvest Environmental Protection Group: P/E of 12.01 = HK$3.69 ÷ HK$0.31 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … SEHK:1381 Price Estimation Relative to Market, July 12th 2019 That means that the market expects Canvest Environmental Protection Group will outperform other companies in its industry.
Simply Wall St - – Full articleImagine Owning Canvest Environmental Protection Group (HKG:1381) And Wondering If The 12% Share Price Slide Is Justified
That downside risk was realized by Canvest Environmental Protection Group Company Limited (HKG:1381) shareholders over the last year, as the share price declined 12%. … Its history of dividend payouts mean that Canvest Environmental Protection Group's TSR, which was a 11% drop over the last year, was not as bad as the share price return. … A Different Perspective Canvest Environmental Protection Group shareholders are down 11% for the year (even including dividends), falling short of the market return.
Simply Wall St - – Full articleWhy Canvest Environmental Protection Group Company Limited's (HKG:1381) CEO Pay Matters To You
According to our data, Canvest Environmental Protection Group Company Limited has a market capitalization of HK$9.1b, and pays its CEO total annual compensation worth HK$2.5m. … SEHK:1381 CEO Compensation, June 23rd 2019 Is Canvest Environmental Protection Group Company Limited Growing? … Canvest Environmental Protection Group Company Limited has generated a total shareholder return of 7.7% over three years, so most shareholders wouldn't be too disappointed.
Simply Wall St - – Full articleIs Canvest Environmental Protection Group Company Limited's (HKG:1381) Balance Sheet A Threat To Its Future?
While small-cap stocks, such as Canvest Environmental Protection Group Company Limited (HKG:1381) with its market cap of HK$8.8b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … With this growth in debt, 1381 currently has HK$1.4b remaining in cash and short-term investments to keep the business going. … Next Steps: 1381’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.
Simply Wall St - – Full articleCanvest Environmental Protection Group Company Limited (HKG:1381): Immense Growth Potential?
Canvest Environmental Protection Group Company Limited's (HKG:1381) announced its latest earnings update in December 2018, which confirmed that the business experienced a strong tailwind, eventuating to a double-digit earnings growth of 34%. … Below, I've laid out key numbers on how market analysts view Canvest Environmental Protection Group's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for Canvest Environmental Protection Group Market analysts' consensus outlook for the coming year seems positive, with earnings expanding by a robust 19%.
Simply Wall St - – Full articleIs There An Opportunity With Canvest Environmental Protection Group Company Limited's (HKG:1381) 49% Undervaluation?
Today, we will estimate the stock's intrinsic value by taking the expected future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (HK$, Millions) HK$-1.19k HK$-1.01k HK$106.33 HK$1.12k HK$1.20k HK$1.27k HK$1.32k HK$1.37k HK$1.41k HK$1.45k Growth Rate Estimate Source Analyst x1 Analyst x2 Analyst x3 Analyst x1 Analyst x1 Est @ 5.37% Est @ 4.36% Est @ 3.65% Est @ 3.16% Est @ 2.81% Present Value (HK$, Millions) Discounted @ 7.32% HK$-1.11k HK$-875.57 HK$86.02 HK$845.71 HK$843.49 HK$828.10 HK$805.21 HK$777.66 HK$747.46 HK$716.04 Present Value of 10-year Cash Flow (PVCF)= HK$3.67b "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … SEHK:1381 Intrinsic value, May 22nd 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full articleShould You Be Adding Canvest Environmental Protection Group (HKG:1381) To Your Watchlist Today?
If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Canvest Environmental Protection Group (HKG:1381). … See our latest analysis for Canvest Environmental Protection Group? … While we note Canvest Environmental Protection Group's EBIT margins were flat over the last year, revenue grew by a solid 39% to HK$3.3b.
Simply Wall St - – Full articleHas Canvest Environmental Protection Group Company Limited (HKG:1381) Improved Earnings Growth In Recent Times?
Assessing Canvest Environmental Protection Group Company Limited's (HKG:1381) past track record of performance is a useful exercise for investors. … View our latest analysis for Canvest Environmental Protection Group. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 34%, indicating the rate at which 1381 is growing has slowed down
Simply Wall St - – Full articleIs Canvest Environmental Protection Group Company Limited's (HKG:1381) 14% ROE Better Than Average?
To keep the lesson grounded in practicality, we'll use ROE to better understand Canvest Environmental Protection Group Company Limited (HKG:1381). … Our data shows Canvest Environmental Protection Group has a return on equity of 14% for the last year. … Check out our latest analysis for Canvest Environmental Protection Group?
Simply Wall St - – Full articleCanvest Environmental Protection Group Company Limited (HKG:1381): What We Can Expect From This Growth Stock
As Canvest Environmental Protection Group Company Limited (HKG:1381) announced its earnings release on 31 December 2018, … with earnings expected to grow by 16% in the upcoming year
Simply Wall St - – Full articleCompany Info
Description
Canvest Environmental Protection Group Company Limited, an investment holding company, engages in the development, construction, operation, and management of waste-to-energy plants in the People’s Republic of China. It also provides environmental hygiene and related services. As of March 25, 2019, the company had 22 operating, secured, announced, and managed projects. In addition, it provides municipal solid waste handling, human resources and administrative, transportation, and consultancy services. The company was founded in 2003 and is based in Kowloon, Hong Kong. Canvest Environmental Protection Group Company Limited is a subsidiary of Best Approach Developments Limited.
Details
| Name: | Canvest Environmental Protection Group Company Limited |
| 1381 | |
| Exchange: | SEHK |
| Founded: | 2003 |
| HK$9,017,903,063 | |
| 2,443,876,169 | |
| Website: | http://www.canvestenvironment.com |
| Address: |
Canvest Environmental Protection Group Company Limited Unit 6803B, International Commerce Centre, Level 68, Kowloon, Kowloon, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 1381 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 29. Dec 2014 | |
| DB | 0XC | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 29. Dec 2014 | |
| SHSC | 1381 | Ordinary Shares | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 29. Dec 2014 | |
| SZSC | 1381 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 29. Dec 2014 |
Number of employees
Current staff
Industry
| Renewable Electricity | |
| Utilities |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/15 13:01 |
| End of day share price update: | 2019/07/15 00:00 |
| Last estimates confirmation: | 2019/07/12 |
| Last earnings filing: | 2019/04/23 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
