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1381

Canvest Environmental Protection Group SEHK:1381 Stock Report

Last Price

HK$4.28

Market Cap

HK$10.4b

7D

1.2%

1Y

4.4%

Updated

18 Aug, 2022

Data

Company Financials +
1381 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health2/6
Dividends1/6

1381 Stock Overview

Canvest Environmental Protection Group Company Limited, an investment holding company, engages in the operation and management of waste-to-energy projects in the People’s Republic of China.

Canvest Environmental Protection Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Canvest Environmental Protection Group
Historical stock prices
Current Share PriceHK$4.28
52 Week HighHK$4.94
52 Week LowHK$3.12
Beta0.010
1 Month Change4.39%
3 Month Change14.13%
1 Year Change4.39%
3 Year Change13.53%
5 Year Change-0.23%
Change since IPO82.91%

Recent News & Updates

Jun 28
Here's Why Canvest Environmental Protection Group (HKG:1381) Has Caught The Eye Of Investors

Here's Why Canvest Environmental Protection Group (HKG:1381) Has Caught The Eye Of Investors

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...

May 17
Canvest Environmental Protection Group (HKG:1381) Hasn't Managed To Accelerate Its Returns

Canvest Environmental Protection Group (HKG:1381) Hasn't Managed To Accelerate Its Returns

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

1381HK Renewable EnergyHK Market
7D1.2%9.7%-0.9%
1Y4.4%8.9%-19.7%

Return vs Industry: 1381 underperformed the Hong Kong Renewable Energy industry which returned 10.1% over the past year.

Return vs Market: 1381 exceeded the Hong Kong Market which returned -20.8% over the past year.

Price Volatility

Is 1381's price volatile compared to industry and market?
1381 volatility
1381 Average Weekly Movement3.3%
Renewable Energy Industry Average Movement6.4%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.9%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 1381 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 1381's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20033,976Guozhen Yuanhttps://www.canvestenvironment.com

Canvest Environmental Protection Group Company Limited, an investment holding company, engages in the operation and management of waste-to-energy projects in the People’s Republic of China. It also provides environmental hygiene and related services. As of December 31, 2021, the company had 35 operating, secured, announced, and managed projects; and a processing capacity of municipal solid waste of 51,990 tonnes.

Canvest Environmental Protection Group Fundamentals Summary

How do Canvest Environmental Protection Group's earnings and revenue compare to its market cap?
1381 fundamental statistics
Market CapHK$10.44b
Earnings (TTM)HK$1.32b
Revenue (TTM)HK$6.79b

7.9x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1381 income statement (TTM)
RevenueHK$6.79b
Cost of RevenueHK$4.68b
Gross ProfitHK$2.11b
Other ExpensesHK$788.28m
EarningsHK$1.32b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 23, 2022

Earnings per share (EPS)0.54
Gross Margin31.06%
Net Profit Margin19.46%
Debt/Equity Ratio143.0%

How did 1381 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1381 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1381?

Other financial metrics that can be useful for relative valuation.

1381 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.2x
Enterprise Value/EBITDA8.9x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 1381's PE Ratio compare to its peers?

1381 PE Ratio vs Peers
The above table shows the PE ratio for 1381 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.9x
1798 China Datang Corporation Renewable Power
13.5x22.0%HK$15.3b
182 Concord New Energy Group
6.7x15.0%HK$6.4b
3868 Xinyi Energy Holdings
19.4x18.9%HK$24.0b
686 Beijing Energy International Holding
7.9xn/aHK$5.1b
1381 Canvest Environmental Protection Group
7.9x8.0%HK$10.4b

Price-To-Earnings vs Peers: 1381 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (11.9x).


Price to Earnings Ratio vs Industry

How does 1381's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

Price-To-Earnings vs Industry: 1381 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Hong Kong Renewable Energy industry average (8x)


Price to Earnings Ratio vs Fair Ratio

What is 1381's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1381 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ratio10.4x

Price-To-Earnings vs Fair Ratio: 1381 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).


Share Price vs Fair Value

What is the Fair Price of 1381 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1381 (HK$4.28) is trading above our estimate of fair value (HK$3.63)

Significantly Below Fair Value: 1381 is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Canvest Environmental Protection Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1381's forecast earnings growth (8% per year) is above the savings rate (1.6%).

Earnings vs Market: 1381's earnings (8% per year) are forecast to grow slower than the Hong Kong market (16.8% per year).

High Growth Earnings: 1381's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1381's revenue is expected to decline over the next 3 years (-0.7% per year).

High Growth Revenue: 1381's revenue is forecast to decline over the next 3 years (-0.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1381's Return on Equity is forecast to be low in 3 years time (14.9%).


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Past Performance

How has Canvest Environmental Protection Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1381 has a high level of non-cash earnings.

Growing Profit Margin: 1381's current net profit margins (19.5%) are lower than last year (21.1%).


Past Earnings Growth Analysis

Earnings Trend: 1381's earnings have grown significantly by 21.4% per year over the past 5 years.

Accelerating Growth: 1381's earnings growth over the past year (25.5%) exceeds its 5-year average (21.4% per year).

Earnings vs Industry: 1381 earnings growth over the past year (25.5%) exceeded the Renewable Energy industry -1.9%.


Return on Equity

High ROE: 1381's Return on Equity (14.8%) is considered low.


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Financial Health

How is Canvest Environmental Protection Group's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1381's short term assets (HK$4.0B) exceed its short term liabilities (HK$3.2B).

Long Term Liabilities: 1381's short term assets (HK$4.0B) do not cover its long term liabilities (HK$12.4B).


Debt to Equity History and Analysis

Debt Level: 1381's net debt to equity ratio (123.5%) is considered high.

Reducing Debt: 1381's debt to equity ratio has increased from 84.7% to 143% over the past 5 years.

Debt Coverage: 1381's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1381's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


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Dividend

What is Canvest Environmental Protection Group current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.71%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1381's dividend (2.71%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.84%).

High Dividend: 1381's dividend (2.71%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.27%).


Stability and Growth of Payments

Stable Dividend: 1381 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1381's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.8%), 1381's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 1381 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

7.9yrs

Average management tenure


CEO

Guozhen Yuan (56 yo)

no data

Tenure

HK$2,873,000

Compensation

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 operati...


CEO Compensation Analysis

Compensation vs Market: Guozhen's total compensation ($USD366.30K) is below average for companies of similar size in the Hong Kong market ($USD533.44K).

Compensation vs Earnings: Guozhen's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1381's management team is seasoned and experienced (7.9 years average tenure).


Board Members

Experienced Board: 1381's board of directors are considered experienced (7.8 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Canvest Environmental Protection Group Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Canvest Environmental Protection Group Company Limited
  • Ticker: 1381
  • Exchange: SEHK
  • Founded: 2003
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: HK$10.441b
  • Shares outstanding: 2.44b
  • Website: https://www.canvestenvironment.com

Number of Employees


Location

  • Canvest Environmental Protection Group Company Limited
  • International Commerce Centre
  • Unit 6803B
  • Kowloon
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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