SGX:BWM

Stock Analysis Report

Zheneng Jinjiang Environment Holding

Executive Summary

Zheneng Jinjiang Environment Holding Company Limited operates as a waste-to-energy project construction and operation business in the People’s Republic of China and India.


Snowflake Analysis

Fair value with questionable track record.

Share Price & News

How has Zheneng Jinjiang Environment Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BWM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.7%

BWM

0.5%

SG Renewable Energy

-1.1%

SG Market


1 Year Return

-10.7%

BWM

-19.1%

SG Renewable Energy

-27.1%

SG Market

Return vs Industry: BWM exceeded the SG Renewable Energy industry which returned -19.1% over the past year.

Return vs Market: BWM exceeded the SG Market which returned -27.1% over the past year.


Shareholder returns

BWMIndustryMarket
7 Day8.7%0.5%-1.1%
30 Day-16.0%-8.4%-19.8%
90 Day-16.7%-17.1%-25.7%
1 Year-10.7%-10.7%-16.5%-19.1%-24.0%-27.1%
3 Year-35.7%-45.1%-19.8%-26.7%-19.3%-27.9%
5 Yearn/a-34.9%-44.0%-18.0%-32.0%

Price Volatility Vs. Market

How volatile is Zheneng Jinjiang Environment Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Zheneng Jinjiang Environment Holding undervalued compared to its fair value and its price relative to the market?

8.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BWM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BWM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BWM is good value based on its PE Ratio (8x) compared to the Renewable Energy industry average (10.3x).

PE vs Market: BWM is good value based on its PE Ratio (8x) compared to the SG market (10.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BWM is good value based on its PB Ratio (0.6x) compared to the XA Renewable Energy industry average (0.9x).


Next Steps

Future Growth

How is Zheneng Jinjiang Environment Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.9%

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 Zheneng Jinjiang Environment Holding 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.


Next Steps

Past Performance

How has Zheneng Jinjiang Environment Holding performed over the past 5 years?

5.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BWM has high quality earnings.

Growing Profit Margin: BWM's current net profit margins (13.6%) are lower than last year (19.7%).


Past Earnings Growth Analysis

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

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

Earnings vs Industry: BWM had negative earnings growth (-23.6%) over the past year, making it difficult to compare to the Renewable Energy industry average (13.6%).


Return on Equity

High ROE: BWM's Return on Equity (7.8%) is considered low.


Next Steps

Financial Health

How is Zheneng Jinjiang Environment Holding's financial position?


Financial Position Analysis

Short Term Liabilities: BWM's short term assets (CN¥3.6B) do not cover its short term liabilities (CN¥5.3B).

Long Term Liabilities: BWM's short term assets (CN¥3.6B) do not cover its long term liabilities (CN¥4.9B).


Debt to Equity History and Analysis

Debt Level: BWM's debt to equity ratio (111.7%) is considered high.

Reducing Debt: BWM's debt to equity ratio has increased from 57.7% to 111.7% over the past 5 years.

Debt Coverage: BWM's debt is not well covered by operating cash flow (9.2%).

Interest Coverage: BWM's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet

Inventory Level: BWM has a high level of physical assets or inventory.

Debt Coverage by Assets: BWM's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

What is Zheneng Jinjiang Environment Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BWM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BWM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BWM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BWM's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Chao Zhang (47yo)

2.42s

Tenure

Mr. Chao Zhang has been Chief Executive Officer of China Jinjiang Environment Holding Company Limited since November 10, 2017 and has been its Executive Director since April 30, 2018. From July 1994 to May ...


Leadership Team

NamePositionTenureCompensationOwnership
Dongliang Wei
Executive Chairman0.58yrno datano data
Chao Zhang
CEO & Executive Director2.42yrsno data0.11% CN¥825.0k
Ruizhi Jin
Chief Financial Officer0.58yrno datano data
Kwee-Huat Ang
Marketing Directorno datano datano data
Wuzhong Wang
Deputy General Managerno datano data0.076% CN¥550.0k
Ruihong Wang
Deputy GM & Executive Director9.33yrsno data0.14% CN¥1.1m
Hongbiao E
Deputy General Manager7.08yrsno data0.045% CN¥330.0k
Liang Qi
Chief Engineer0.58yrno datano data
Beng Lor Choo
Financial Controller & Joint Company Secretaryno datano datano data
Chi Tern Hoon
Joint Company Secretaryno datano datano data

1.5yrs

Average Tenure

46.5yo

Average Age

Experienced Management: BWM's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dongliang Wei
Executive Chairman0.58yrno datano data
Chao Zhang
CEO & Executive Director2.42yrsno data0.11% CN¥825.0k
Ruihong Wang
Deputy GM & Executive Director9.33yrsno data0.14% CN¥1.1m
Theng-Fong Hee
Independent Director3.83yrsno datano data
Swee Tian Ang
Lead Independent Directorno datano data0.0055% CN¥40.0k
Huay Lim Tan
Independent Director3.83yrsno datano data
Mingjiang Ni
Independent Director3.83yrsno datano data

3.8yrs

Average Tenure

62yo

Average Age

Experienced Board: BWM's board of directors are considered experienced (3.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.4%.


Top Shareholders

Company Information

Zheneng Jinjiang Environment Holding Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zheneng Jinjiang Environment Holding Company Limited
  • Ticker: BWM
  • Exchange: SGX
  • Founded: 1998
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: S$727.012m
  • Shares outstanding: 1.45b
  • Website: https://www.jinjiang-env.com

Number of Employees


Location

  • Zheneng Jinjiang Environment Holding Company Limited
  • Jinjiang Building
  • Level 19
  • Hangzhou
  • Zhejiang Province
  • 310005
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BWMSGX (Singapore Exchange)YesOrdinary SharesSGSGDAug 2016
3UGBST (Boerse-Stuttgart)YesOrdinary SharesDEEURAug 2016

Biography

Zheneng Jinjiang Environment Holding Company Limited operates as a waste-to-energy project construction and operation business in the People’s Republic of China and India. The company operates through Waste-To-Energy Project Construction and Operation; and Project Technical and Management Service, Equipment Selection, and EMC Business segments. It generates and sells electricity and steam. The company also provides waste treatment services; project management, technical consulting and advisory, equipment selection, and energy management contracting services; and construction services under service concession arrangement. In addition, it operates a thermal power plants. As of December 31, 2018, it operated 20 waste-to-energy facilities in 12 provinces, autonomous regions, and centrally-administered municipalities in China with a total waste treatment capacity of 29,240 tons/day and an installed electricity power generation capacity of 574 MW. The company was formerly known as China Jinjiang Environment Holding Company Limited and changed its name to Zheneng Jinjiang Environment Holding Company Limited in November 2019. Zheneng Jinjiang Environment Holding Company Limited was founded in 1998 and is based in Hangzhou, China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 14:19
End of Day Share Price2020/04/02 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.