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.

Rewards

Earnings are forecast to grow 55.49% per year

Risk Analysis

Interest payments are not well covered by earnings

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year



Snowflake Analysis

Reasonable growth potential with worrying 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

Stable Share Price: CEE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.9%

CEE

0.6%

SG Commercial Services

0.1%

SG Market


1 Year Return

28.6%

CEE

17.9%

SG Commercial Services

2.5%

SG Market

Return vs Industry: CEE exceeded the SG Commercial Services industry which returned 17.9% over the past year.

Return vs Market: CEE exceeded the SG Market which returned 2.5% over the past year.


Shareholder returns

CEEIndustryMarket
7 Day0.9%0.6%0.1%
30 Day0.9%14.7%-1.0%
90 Day74.2%21.6%1.8%
1 Year31.1%28.6%20.4%17.9%6.7%2.5%
3 Year-10.2%-15.6%-7.6%-13.1%16.5%4.0%
5 Year-27.8%-32.5%-22.7%-29.7%13.0%-6.0%

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?

1.13x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CEE (SGD0.54) is trading above our estimate of fair value (SGD0.23)

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


Price To Earnings Ratio

PE vs Industry: CEE is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: CEE is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CEE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CEE is overvalued based on its PB Ratio (1.1x) compared to the SG Commercial Services industry average (0.9x).


Next Steps

Future Growth

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

55.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).

Earnings vs Market: CEE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CEE's is expected to become profitable in the next 3 years.

Revenue vs Market: CEE's revenue (11.9% per year) is forecast to grow faster than the SG market (5.5% per year).

High Growth Revenue: CEE's revenue (11.9% 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?

-3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEE is currently unprofitable.

Growing Profit Margin: CEE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CEE is unprofitable, and losses have increased over the past 5 years at a rate of -3.9% per year.

Accelerating Growth: Unable to compare CEE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CEE is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-12.1%).


Return on Equity

High ROE: CEE has a negative Return on Equity (1.41%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is CITIC Envirotech's financial position?


Financial Position Analysis

Short Term Liabilities: CEE's short term assets (SGD1.3B) exceed its short term liabilities (SGD974.6M).

Long Term Liabilities: CEE's short term assets (SGD1.3B) do not cover its long term liabilities (SGD1.8B).


Debt to Equity History and Analysis

Debt Level: CEE's debt to equity ratio (138.2%) is considered high.

Reducing Debt: CEE's debt to equity ratio has increased from 53.5% to 138.2% over the past 5 years.

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

Interest Coverage: CEE is unprofitable, therefore interest payments are not well covered by earnings.


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?

1.39%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%2.5%markettop25%5.4%industryaverage2.5%forecastin3Years1.9%

Current dividend yield vs market & industry

Notable Dividend: CEE's dividend (1.39%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.5%).

High Dividend: CEE's dividend (1.39%) is low compared to the top 25% of dividend payers in the SG market (5.44%).


Stability and Growth of Payments

Stable Dividend: CEE is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.

Growing Dividend: CEE is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CEE is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CEE's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Weibao Hao (50yo)

1.5yrs

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

4.3yrs

Average Tenure

51.5yo

Average Age

Experienced Management: CEE's management team is considered experienced (4.3 years average tenure).


Board Age and Tenure

4.7yrs

Average Tenure

50yo

Average Age

Experienced Board: CEE's board of directors are considered experienced (4.7 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Management Team

  • Ning Wang (56yo)

    Senior Deputy Chief Executive Officer of Business Unit 1

    • Tenure: 4.4yrs
  • Lin Fong Ngoo (45yo)

    Chief Financial Officer

    • Tenure: 11.8yrs
  • Li Li (53yo)

    Senior Deputy Chief Executive Officer of Business Unit 2

    • Tenure: 4.4yrs
  • Shuhong Pan

    • Tenure: 0.2yrs
  • Hailin Ge

    Chief Executive Officer of Manufacturing

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

    Group Chief Operating Officer

    • Tenure: 0.2yrs
  • Weibao Hao (50yo)

    Executive Chairman & Group CEO

    • Tenure: 1.5yrs
  • Steven Qian

    Deputy Chief Executive Officer of Business Unit 4

    • Tenure: 4.3yrs
  • Jerry Liu

    Chief Technology Officer

    • Tenure: 4.3yrs
  • Song Wang (37yo)

    Executive Director

    • Tenure: 4.7yrs

Board Members

  • Beng Chuan Tay (79yo)

    Independent Director

    • Tenure: 11.2yrs
  • David Yeung (69yo)

    Lead Independent Director

    • Tenure: 7.6yrs
  • Weng Chiew Chong (50yo)

    Executive Director

    • Tenure: 0.6yrs
    • Compensation: S$855.00k
  • Suan Hiang Lee (69yo)

    Independent Director

    • Tenure: 8.9yrs
  • Weibao Hao (50yo)

    Executive Chairman & Group CEO

    • Tenure: 1.5yrs
  • Jingshuang Bi (46yo)

    Non-Executive Director

    • Tenure: 3.1yrs
  • Song Wang (37yo)

    Executive Director

    • Tenure: 4.7yrs
  • Lei Sun

    Non-Executive Director

    • Tenure: 0.6yrs

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$1.301b
  • 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 Analysis2019/12/07 12:33
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
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.