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Canvest Environmental Protection Group

SEHK:1381
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1381
SEHK
HK$9B
Market Cap
  1. Home
  2. HK
  3. Utilities
Company 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. The last earnings update was 85 days ago. More info.


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1381 Share Price and Events
7 Day Returns
5.1%
SEHK:1381
-0.4%
HK Renewable Energy
1.5%
HK Market
1 Year Returns
-9.9%
SEHK:1381
-14.6%
HK Renewable Energy
-4.7%
HK Market
1381 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canvest Environmental Protection Group (1381) 5.1% 9.8% -0.3% -9.9% 10.1% -
HK Renewable Energy -0.4% -1.2% -6% -14.6% -9.9% -49%
HK Market 1.5% 3.9% -8.2% -4.7% 18.3% 3.4%
1 Year Return vs Industry and Market
  • 1381 outperformed the Renewable Energy industry which returned -14.6% over the past year.
  • 1381 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
1381
Industry
5yr Volatility vs Market

Value

 Is Canvest Environmental Protection Group 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 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Canvest Environmental Protection Group.

SEHK:1381 Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:1381
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%) (44.23%))
0.749
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.

SEHK:1381 DCF 1st Stage: Next 10 year cash flow forecast
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
SEHK:1381 DCF 2nd Stage: Terminal Value
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
SEHK:1381 Total Equity Value
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
SEHK:1381 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$8.15
Current discount Discount to share price of HK$3.91
= -1 x (HK$3.91 - HK$8.15) / HK$8.15
52%

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

Current Discount
Amount off the current price Canvest Environmental Protection Group is available for.
Intrinsic value
>50%
Share price is HK$3.91 vs Future cash flow value of HK$8.15
Current Discount Checks
For Canvest Environmental Protection Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
SEHK:1381 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.31
SEHK:1381 Share Price ** SEHK (2019-07-17) in HKD HK$3.91
Hong Kong Renewable Energy Industry PE Ratio Median Figure of 24 Publicly-Listed Renewable Energy Companies 9.45x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.75x

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

** Primary Listing of Canvest Environmental Protection Group.

SEHK:1381 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1381 Share Price ÷ EPS (both in HKD)

= 3.91 ÷ 0.31

12.73x

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?
Raw Data
SEHK:1381 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.73x
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 0.58x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:1381 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.73x ÷ 15.1%

0.85x

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?
Raw Data
SEHK:1381 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.16
SEHK:1381 Share Price * SEHK (2019-07-17) in HKD HK$3.91
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 2,197 Publicly-Listed Companies 0.92x
SEHK:1381 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1381 Share Price ÷ Book Value per Share (both in HKD)

= 3.91 ÷ 2.16

1.81x

* 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.
X
Value checks
We assess Canvest Environmental Protection Group'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 Renewable Energy 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 Renewable Energy industry average (and greater than 0)? (1 check)
  5. 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

 How is Canvest Environmental Protection Group expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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
15.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canvest Environmental Protection Group expected to grow at an attractive rate?
  • 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
Raw Data
SEHK:1381 Future Growth Rates Data Sources
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 18.6%
Hong Kong Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -7.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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
SEHK:1381 Analysts Growth Expectations Data Sources
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 numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1381 Future Estimates Data
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 -93 1,054 9
2019-12-31 4,064 56 905 9
SEHK:1381 Past Financials Data
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.

Super high growth metrics
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
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
SEHK:1381 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.

SEHK:1381 Future Estimates Data
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
SEHK:1381 Past Financials Data
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%).
X
Future performance checks
We assess Canvest Environmental Protection Group'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
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
Below we compare Canvest Environmental Protection Group's growth in the last year to its industry (Renewable Energy).
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.
  • 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
Canvest Environmental Protection Group'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 Canvest Environmental Protection Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1381 Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Canvest Environmental Protection Group'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 Renewable Energy 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Canvest Environmental Protection Group'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.
  • 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.
Raw Data

All data from Canvest Environmental Protection Group Company Filings, last reported 6 months ago.

SEHK:1381 Past Debt and Equity Data
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).
X
Financial health checks
We assess Canvest Environmental Protection Group'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. Canvest Environmental Protection Group has a total score of 2/6, 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.

Dividends

 What is Canvest Environmental Protection Group'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
1.18%
Current annual income from Canvest Environmental Protection Group dividends. Estimated to be 1.73% next year.
If you bought HK$2,000 of Canvest Environmental Protection Group shares you are expected to receive HK$24 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?
  • 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 (5.75%).
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
SEHK:1381 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 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.

SEHK:1381 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.08 8.00
2020-12-31 0.07 9.00
2019-12-31 0.06 9.00
SEHK:1381 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.046 1.236
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 is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
  • Canvest Environmental Protection Group is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Canvest Environmental Protection Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Canvest Environmental Protection Group's dividends as it is not paying a notable one for Hong Kong.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.4x coverage).
X
Income/ dividend checks
We assess Canvest Environmental Protection Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Canvest Environmental Protection Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canvest Environmental Protection Group has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Canvest Environmental Protection Group'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
Guozhen Yuan
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:

4.8
Average Tenure
45
Average Age
  • The tenure for the Canvest Environmental Protection Group management team is about average.
Management Team

Loretta Lee

TITLE
Chairlady
COMPENSATION
HK$4M
AGE
44

Guozhen Yuan

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
53

Li Jianwen Lai

TITLE
Deputy Chairman
COMPENSATION
HK$630K
AGE
40

Chun Tung Lai

TITLE
Executive Director
COMPENSATION
HK$6M
AGE
45

Lisa Wong

TITLE
CFO & Company Secretary
AGE
46
TENURE
6.1 yrs

Lanqun Song

TITLE
VP & Chief Engineer
AGE
52
TENURE
4.8 yrs

Bo Chen

TITLE
VP & Chief Engineer
AGE
43
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Canvest Environmental Protection Group board of directors in years:

4.8
Average Tenure
44.5
Average Age
  • The tenure for the Canvest Environmental Protection Group board of directors is about average.
Board of Directors

Guozhen Yuan

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
53
TENURE
4.8 yrs

Li Jianwen Lai

TITLE
Deputy Chairman
COMPENSATION
HK$630K
AGE
40
TENURE
4.8 yrs

Chun Tung Lai

TITLE
Executive Director
COMPENSATION
HK$6M
AGE
45
TENURE
4.8 yrs

Zhenquan Sha

TITLE
Independent & Non-Executive Director
COMPENSATION
HK$180K
AGE
59
TENURE
4.6 yrs

Loretta Lee

TITLE
Chairlady
COMPENSATION
HK$4M
AGE
44
TENURE
4.8 yrs

Jason Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
46
TENURE
4.6 yrs

Wing Yin Chung

TITLE
Independent & Non-Executive Director
COMPENSATION
HK$180K
AGE
42
TENURE
4.6 yrs

Alexander Lui

TITLE
Non-Executive Director
COMPENSATION
HK$180K
AGE
40
TENURE
4.8 yrs

Yui Lai

TITLE
Non-Executive Director
COMPENSATION
HK$180K
AGE
44
TENURE
4.8 yrs

Jun Feng

TITLE
Non-Executive Director
AGE
56
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
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
X
Management checks
We assess Canvest Environmental Protection Group'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. 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 -

Imagine 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 -

Why 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 -

Is 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 -

Canvest 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 -

Is 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 -

Should 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 -

Has 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 -

Is 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 -

Canvest 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 -

Company 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$9,335,606,965
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
Staff numbers
2,559
Canvest Environmental Protection Group employees.
Industry
Renewable Electricity
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 13:01
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/15
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.