QINGDAO DANENG ENVIRONMENTAL PROTECTION EQUIPMENT CO., LTD.

Financials Qingdao Daneng Environmental Protection Equipment Co., Ltd.

Equities

688501

CNE100004P65

Environmental Services & Equipment

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-07-15 pm EDT			5-day change	1st Jan Change
13.04 ^CNY	+9.03%		+7.24%	-22.06%

Apr. 26	Qingdao Daneng Environmental Protection Equipment Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 22	Qingdao Daneng Environmental Protection Equipment Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,075	2,447	2,059	1,472	-	-
Enterprise Value (EV) ¹	2,075	2,447	2,059	1,472	1,472	1,472
P/E ratio	31.8 x	41.7 x	23.9 x	11 x	8.86 x	7.04 x
Yield	-	0.39%	1.32%	-	-	-
Capitalization / Revenue	-	3.21 x	2 x	1.09 x	0.86 x	0.73 x
EV / Revenue	-	3.21 x	2 x	1.09 x	0.86 x	0.73 x
EV / EBITDA	-	26.7 x	14.7 x	8 x	6.34 x	5.22 x
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	-	3.06 x	2.34 x	1.47 x	1.28 x	1.1 x
Nbr of stocks (in thousands)	123,071	123,071	123,071	123,071	-	-
Reference price ²	16.86	19.88	16.73	11.96	11.96	11.96
Announcement Date	3/21/22	2/27/23	2/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	762.2	1,029	1,353	1,704	2,016
EBITDA ¹	-	91.65	139.9	184	232	282
EBIT ¹	-	79.28	99.52	151.5	216.5	264.5
Operating Margin	-	10.4%	9.67%	11.2%	12.71%	13.12%
Earnings before Tax (EBT) ¹	-	78.95	99.18	167.5	207.5	255
Net income ¹	55.89	58.58	86.68	133.5	166	209
Net margin	-	7.69%	8.42%	9.87%	9.74%	10.37%
EPS ²	0.5308	0.4769	0.7000	1.090	1.350	1.700
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	0.0769	0.2200	-	-	-
Announcement Date	3/21/22	2/27/23	2/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q4
Net sales ¹	416.6
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	45.92
Net margin	11.02%
EPS	-
Dividend per Share	-
Announcement Date	2/27/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	7.44%	10.3%	13.4%	14.5%	15.7%
ROA (Net income/ Total Assets)	-	3.78%	4.75%	5.35%	5.5%	5.9%
Assets ¹	-	1,551	1,826	2,495	3,018	3,542
Book Value Per Share ²	-	6.500	7.140	8.120	9.320	10.80
Cash Flow per Share ²	-	0.5300	0	-2.120	2.130	0.0400
Capex ¹	-	60.9	57.3	24	44.5	21
Capex / Sales	-	7.99%	5.57%	1.77%	2.61%	1.04%
Announcement Date	3/21/22	2/27/23	2/23/24	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Qingdao Daneng Environmental Protection Equipment Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.96 CNY

Average target price

19 CNY

Spread / Average Target

+58.86%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Environmental Services & Equipment

	1st Jan change	Capi.
QINGDAO DANENG ENVIRONMENTAL PROTECTION EQUIPMENT CO., LTD.	-28.51%	203M
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REPUBLIC SERVICES, INC.	+22.00%	63.36B
VERALTO CORPORATION	+19.15%	24.19B
CLEAN HARBORS, INC.	+30.96%	12.33B
TETRA TECH, INC.	+22.10%	10.9B
FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A.	-6.46%	6.49B
KURITA WATER INDUSTRIES LTD.	+27.17%	5B
GEM CO., LTD.	+15.57%	4.45B
CECEP ENVIRONMENTAL PROTECTION CO., LTD.	-22.52%	2.45B

Other Environmental Services & Equipment