| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
3768 Stock Overview
Kunming Dianchi Water Treatment Co., Ltd., together with its subsidiaries, designs, develops, constructs, operates, and maintains water supply and wastewater treatment facilities in the People’s Republic of China.
Kunming Dianchi Water Treatment Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$1.43 |
| 52 Week High | HK$2.29 |
| 52 Week Low | HK$1.41 |
| Beta | 0.32 |
| 1 Month Change | -11.73% |
| 3 Month Change | -13.33% |
| 1 Year Change | -25.91% |
| 3 Year Change | -32.55% |
| 5 Year Change | -52.96% |
| Change since IPO | -62.95% |
Recent News & Updates
Shareholder Returns
| 3768 | HK Water Utilities | HK Market | |
|---|---|---|---|
| 7D | -5.9% | 2.1% | 1.5% |
| 1Y | -25.9% | -26.8% | -22.7% |
Return vs Industry: 3768 matched the Hong Kong Water Utilities industry which returned -26.8% over the past year.
Return vs Market: 3768 underperformed the Hong Kong Market which returned -22.7% over the past year.
Price Volatility
| 3768 volatility | |
|---|---|
| 3768 Average Weekly Movement | 3.6% |
| Water Utilities Industry Average Movement | 5.1% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in HK Market | 12.8% |
| 10% least volatile stocks in HK Market | 3.2% |
Stable Share Price: 3768 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 3768's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | 1,403 | Changyong Chen | https://www.kmdcwt.com |
Kunming Dianchi Water Treatment Co., Ltd., together with its subsidiaries, designs, develops, constructs, operates, and maintains water supply and wastewater treatment facilities in the People’s Republic of China. The company operates through Wastewater Treatment, Water Supply, and Others segments. It designs, constructs, operates, and maintains wastewater treatment or water supply facilities under the transfer-operate-transfer and build-operate-transfer concession agreements.
Kunming Dianchi Water Treatment Fundamentals Summary
| 3768 fundamental statistics | |
|---|---|
| Market Cap | CN¥1.27b |
| Earnings (TTM) | CN¥338.28m |
| Revenue (TTM) | CN¥2.32b |
3.7x
P/E Ratio0.5x
P/S RatioIs 3768 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 3768 income statement (TTM) | |
|---|---|
| Revenue | CN¥2.32b |
| Cost of Revenue | CN¥1.59b |
| Gross Profit | CN¥724.78m |
| Other Expenses | CN¥386.50m |
| Earnings | CN¥338.28m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.33 |
| Gross Margin | 31.27% |
| Net Profit Margin | 14.60% |
| Debt/Equity Ratio | 144.4% |
How did 3768 perform over the long term?
See historical performance and comparisonDividends
12.2%
Current Dividend Yield46%
Payout RatioValuation
Is 3768 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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 3768?
Other financial metrics that can be useful for relative valuation.
| What is 3768's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CN¥1.27b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.8x |
| Enterprise Value/EBITDA | 6.8x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 3768's PE Ratio compare to its peers?
| 3768 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 3.9x | ||
6136 Kangda International Environmental | 2.9x | n/a | HK$1.4b |
1853 Jilin Province Chuncheng Heating | 6.4x | n/a | HK$914.7m |
2281 Luzhou Xinglu Water (Group) | 2.4x | n/a | HK$679.2m |
1542 Taizhou Water Group | 3.9x | n/a | HK$546.0m |
3768 Kunming Dianchi Water Treatment | 3.7x | n/a | HK$1.5b |
Price-To-Earnings vs Peers: 3768 is good value based on its Price-To-Earnings Ratio (3.7x) compared to the peer average (3.9x).
Price to Earnings Ratio vs Industry
How does 3768's PE Ratio compare vs other companies in the Asian Water Utilities Industry?
Price-To-Earnings vs Industry: 3768 is good value based on its Price-To-Earnings Ratio (3.7x) compared to the Hong Kong Water Utilities industry average (5.5x)
Price to Earnings Ratio vs Fair Ratio
What is 3768'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 3.7x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3768's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 3768 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3768 (HK$1.43) is trading below our estimate of fair value (HK$4.41)
Significantly Below Fair Value: 3768 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Kunming Dianchi Water Treatment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
13.6%
Forecasted Utilities industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kunming Dianchi Water Treatment has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine whether Kunming Dianchi Water Treatment is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Kunming Dianchi Water Treatment competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Kunming Dianchi Water Treatment performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
4.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3768 has high quality earnings.
Growing Profit Margin: 3768's current net profit margins (14.6%) are lower than last year (18.2%).
Past Earnings Growth Analysis
Earnings Trend: 3768's earnings have grown by 4.9% per year over the past 5 years.
Accelerating Growth: 3768's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3768 had negative earnings growth (-2.9%) over the past year, making it difficult to compare to the Water Utilities industry average (-1.9%).
Return on Equity
High ROE: 3768's Return on Equity (7.7%) is considered low.
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Financial Health
How is Kunming Dianchi Water Treatment's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 3768's short term assets (CN¥4.8B) do not cover its short term liabilities (CN¥5.1B).
Long Term Liabilities: 3768's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 3768's net debt to equity ratio (110.5%) is considered high.
Reducing Debt: 3768's debt to equity ratio has increased from 60.7% to 144.4% over the past 5 years.
Debt Coverage: 3768's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3768's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
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Dividend
What is Kunming Dianchi Water Treatment current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
12.19%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3768's dividend (12.19%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.82%).
High Dividend: 3768's dividend (12.19%) is in the top 25% of dividend payers in the Hong Kong market (8.35%)
Stability and Growth of Payments
Stable Dividend: 3768 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3768's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.6%), 3768's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 3768 is paying a dividend but the company has no free cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average management tenure
CEO
Changyong Chen (52 yo)
3.08yrs
Tenure
CN¥793,000
Compensation
Mr. Changyong Chen serves as Executive Director at Kunming Dianchi Water Treatment Co., Ltd. since June 19, 2020. He serves as General Manager at Kunming Dianchi Water Treatment Co., Ltd.since July 10, 20...
CEO Compensation Analysis
Compensation vs Market: Changyong's total compensation ($USD117.43K) is below average for companies of similar size in the Hong Kong market ($USD303.06K).
Compensation vs Earnings: Changyong's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: 3768's management team is seasoned and experienced (6.4 years average tenure).
Board Members
Experienced Board: 3768's board of directors are considered experienced (4.2 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
Kunming Dianchi Water Treatment Co., Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: Kunming Dianchi Water Treatment Co., Ltd.
- Ticker: 3768
- Exchange: SEHK
- Founded: 1989
- Industry: Water Utilities
- Sector: Utilities
- Implied Market Cap: HK$1.472b
- Shares outstanding: 1.03b
- Website: https://www.kmdcwt.com
Number of Employees
Location
- Kunming Dianchi Water Treatment Co., Ltd.
- Water Purification Plant No. 7
- Kunming Dianchi Tourist Resort
- Kunming
- Yunnan Province
- 650000
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/10 00:00 |
| End of Day Share Price | 2022/08/10 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.