SGX:CEE

Stock Analysis Report

Executive Summary

CITIC Envirotech Ltd., together with its subsidiaries, provides membrane-based integrated environmental solutions in the People’s Republic of China, Singapore, the United States, Malaysia, Kazakhstan, and Indonesia.

Snowflake

Fundamentals

Reasonable growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has CITIC Envirotech's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.9%

CEE

0.3%

SG Commercial Services

1.1%

SG Market


1 Year Return

-28.1%

CEE

-13.0%

SG Commercial Services

2.6%

SG Market

Return vs Industry: CEE underperformed the SG Commercial Services industry which returned -13% over the past year.

Return vs Market: CEE underperformed the SG Market which returned 2.6% over the past year.


Shareholder returns

CEEIndustryMarket
7 Day4.9%0.3%1.1%
30 Day-1.5%-0.004%-0.3%
90 Day6.7%-2.9%-5.9%
1 Year-26.7%-28.1%-11.2%-13.0%6.7%2.6%
3 Year-45.7%-49.0%-19.4%-24.3%15.5%3.2%
5 Year-53.4%-56.5%-33.5%-39.5%12.0%-6.6%

Price Volatility Vs. Market

How volatile is CITIC Envirotech's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CITIC Envirotech undervalued compared to its fair value and its price relative to the market?

72.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CEE (SGD0.32) is trading above our estimate of fair value (SGD0.21)

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


Price To Earnings Ratio

PE vs Industry: CEE is poor value based on its PE Ratio (72.6x) compared to the Commercial Services industry average (17.6x).

PE vs Market: CEE is poor value based on its PE Ratio (72.6x) compared to the SG market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: CEE is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: CEE is good value based on its PB Ratio (0.7x) compared to the SG Commercial Services industry average (0.7x).


Next Steps

Future Growth

How is CITIC Envirotech forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

41.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEE's forecast earnings growth (41.9% per year) is above the savings rate (2.3%).

Earnings vs Market: CEE's earnings (41.9% per year) are forecast to grow faster than the SG market (5.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CEE's revenue (7.7% per year) is forecast to grow faster than the SG market (5.5% per year).

High Growth Revenue: CEE's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CEE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has CITIC Envirotech performed over the past 5 years?

5.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CEE's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: CEE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CEE had negative earnings growth (-88.1%) over the past year, making it difficult to compare to the Commercial Services industry average (-27%).


Return on Equity

High ROE: CEE's Return on Equity (3.4%) is considered low.


Return on Assets

ROA vs Industry: CEE's Return on Assets is below or equal to the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: CEE's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is CITIC Envirotech's financial position?


Financial Position Analysis

Short Term Liabilities: CEE's short term assets (SGD1.3B) exceeds its short term liabilities (SGD1.1B)

Long Term Liabilities: CEE's short term assets (1.3B) do not cover its long term liabilities (1.6B)


Debt to Equity History and Analysis

Debt Level: CEE's debt to equity ratio (128.4%) is considered high

Reducing Debt: CEE's debt to equity ratio has increased from 55.5% to 128.4% over the past 5 years.

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

Interest Coverage: CEE's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet

Inventory Level: CEE has a low level of unsold assets or inventory.

Debt Coverage by Assets: CEE's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

What is CITIC Envirotech's current dividend yield, its reliability and sustainability?

2.34%

Current Dividend Yield


Dividend Yield vs Market

company2.3%marketbottom25%2.5%markettop25%5.7%industryaverage3.4%forecastin3Years3.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CEE's dividend (2.34%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.54%).

High Dividend: CEE's dividend (2.34%) is low compared to the top 25% of dividend payers in the SG market (5.69%).

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

Growing Dividend: CEE's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (170.3%), CEE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of CITIC Envirotech's salary, the management and board of directors tenure and is there insider trading?

4.2yrs

Average management tenure


CEO

Weibao Hao (50yo)

1.3yrs

Tenure

0

Mr. Weibao Hao serves as the General Manager of CITIC Investments Holdings Limited. Mr. Hao serves as the President and Vice Chairman of CITIC Environment Investment Group Co., LTD. He is responsible for t ...


Management Age and Tenure

4.2yrs

Average Tenure

51.5yo

Average Age

Experienced Management: CEE's management team is considered experienced (4.2 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

50yo

Average Age

Experienced Board: CEE's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyS$31,235,78415 May 19
CITIC Group Corporation
EntityCompany
Shares66,601,000
Max PriceS$0.47

Ownership Breakdown


Management Team

  • Ning Wang (56yo)

    Senior Deputy Chief Executive Officer of Business Unit 1

    • Tenure: 4.3yrs
  • Lin Fong Ngoo (45yo)

    Chief Financial Officer

    • Tenure: 11.7yrs
  • Li Li (53yo)

    Senior Deputy Chief Executive Officer of Business Unit 2

    • Tenure: 4.3yrs
  • Shuhong Pan

    • Tenure: 0yrs
  • Hailin Ge

    Chief Executive Officer of Manufacturing

    • Tenure: 0yrs
  • Huchuan Tan (55yo)

    Group Chief Operating Officer

    • Tenure: 0yrs
  • Weibao Hao (50yo)

    Executive Chairman & Group CEO

    • Tenure: 1.3yrs
  • Steven Qian

    Deputy Chief Executive Officer of Business Unit 4

    • Tenure: 4.1yrs
  • Jerry Liu

    Chief Technology Officer

    • Tenure: 4.1yrs
  • Song Wang (37yo)

    Executive Director

    • Tenure: 4.5yrs

Board Members

  • Beng Chuan Tay (79yo)

    Independent Director

    • Tenure: 11yrs
  • David Yeung (69yo)

    Lead Independent Director

    • Tenure: 7.4yrs
  • Weng Chiew Chong (50yo)

    Executive Director

    • Tenure: 0.4yrs
    • Compensation: S$855.00k
  • Suan Hiang Lee (69yo)

    Independent Director

    • Tenure: 8.8yrs
  • Weibao Hao (50yo)

    Executive Chairman & Group CEO

    • Tenure: 1.3yrs
  • Jingshuang Bi (46yo)

    Non-Executive Director

    • Tenure: 2.9yrs
  • Song Wang (37yo)

    Executive Director

    • Tenure: 4.5yrs
  • Lei Sun

    Non-Executive Director

    • Tenure: 0.4yrs

Company Information

CITIC Envirotech Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CITIC Envirotech Ltd.
  • Ticker: CEE
  • Exchange: SGX
  • Founded: 1996
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: S$741.870m
  • Shares outstanding: 2.43b
  • Website: https://www.citicenvirotech.com

Number of Employees


Location

  • CITIC Envirotech Ltd.
  • No. 01-01, The Alpha
  • 10 Science Park Road
  • Singapore
  • 117684
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CEESGX (Singapore Exchange)YesOrdinary SharesSGSGDApr 2004
UEDV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2004
4UE1BST (Boerse-Stuttgart)YesOrdinary SharesDEEURApr 2004

Biography

CITIC Envirotech Ltd., together with its subsidiaries, provides membrane-based integrated environmental solutions in the People’s Republic of China, Singapore, the United States, Malaysia, Kazakhstan, and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:31
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.