EVE ENERGY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 38.78 CNY | +4.90% |
|
+2.76% | -8.10% |
| Apr. 25 | EVE Energy's Q1 Profit Falls 7%; Operating Income Declines 17% | MT |
| Apr. 24 | EVE Energy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 48,612 | 153,943 | 224,267 | 179,408 | 86,241 | 79,141 | - | - |
| Enterprise Value (EV) 1 | 47,823 | 151,541 | 227,048 | 190,671 | 97,359 | 79,141 | 79,141 | 79,141 |
| P/E ratio | 30.6 x | 91.6 x | 76.7 x | 48 x | 21.4 x | 15.7 x | 12.5 x | 10.4 x |
| Yield | 0.34% | 0.03% | 0.14% | 0.18% | 1.18% | 1.19% | 1.5% | 1.78% |
| Capitalization / Revenue | 7.58 x | 18.9 x | 13.3 x | 4.94 x | 1.77 x | 1.5 x | 1.24 x | 1.06 x |
| EV / Revenue | 7.58 x | 18.9 x | 13.3 x | 4.94 x | 1.77 x | 1.5 x | 1.24 x | 1.06 x |
| EV / EBITDA | 24.9 x | 61.9 x | 56.6 x | 38.2 x | 13.3 x | 8.71 x | 7.41 x | 6.07 x |
| EV / FCF | - | -322 x | -50.9 x | -16.4 x | 23.5 x | -28.6 x | 182 x | 15.6 x |
| FCF Yield | - | -0.31% | -1.96% | -6.12% | 4.26% | -3.5% | 0.55% | 6.41% |
| Price to Book | 6.44 x | 10.7 x | 12.5 x | 5.9 x | 2.49 x | 1.91 x | 1.67 x | 1.45 x |
| Nbr of stocks (in thousands) | 1,842,212 | 1,888,865 | 1,897,674 | 2,041,049 | 2,043,634 | 2,040,764 | - | - |
| Reference price 2 | 26.39 | 81.50 | 118.2 | 87.90 | 42.20 | 38.78 | 38.78 | 38.78 |
| Announcement Date | 2/28/20 | 4/19/21 | 4/25/22 | 3/14/23 | 4/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,412 | 8,162 | 16,900 | 36,304 | 48,784 | 52,747 | 63,645 | 74,928 |
| EBITDA 1 | 1,956 | 2,485 | 3,964 | 4,698 | 6,504 | 9,088 | 10,676 | 13,047 |
| EBIT 1 | 1,634 | 1,929 | 3,091 | 3,512 | 4,846 | 5,860 | 7,319 | 8,873 |
| Operating Margin | 25.48% | 23.63% | 18.29% | 9.67% | 9.93% | 11.11% | 11.5% | 11.84% |
| Earnings before Tax (EBT) 1 | 1,626 | 1,918 | 3,041 | 3,498 | 4,829 | 5,856 | 7,313 | 8,866 |
| Net income 1 | 1,522 | 1,652 | 2,906 | 3,509 | 4,050 | 5,047 | 6,324 | 7,656 |
| Net margin | 23.74% | 20.24% | 17.19% | 9.67% | 8.3% | 9.57% | 9.94% | 10.22% |
| EPS 2 | 0.8628 | 0.8900 | 1.540 | 1.830 | 1.970 | 2.465 | 3.095 | 3.740 |
| Free Cash Flow 1 | - | -477.8 | -4,406 | -10,972 | 3,677 | -2,767 | 436 | 5,075 |
| FCF margin | - | -5.85% | -26.07% | -30.22% | 7.54% | -5.25% | 0.69% | 6.77% |
| FCF Conversion (EBITDA) | - | - | - | - | 56.54% | - | 4.08% | 38.9% |
| FCF Conversion (Net income) | - | - | - | - | 90.79% | - | 6.89% | 66.29% |
| Dividend per Share 2 | 0.0894 | 0.0250 | 0.1600 | 0.1600 | 0.5000 | 0.4600 | 0.5800 | 0.6900 |
| Announcement Date | 2/28/20 | 4/19/21 | 4/25/22 | 3/14/23 | 4/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,452 | - | - | - | 9,357 | 12,021 | 11,186 | 11,790 | 12,553 | 13,255 | 9,317 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 691.8 | - | - | - | 1,495 | 808.5 | 1,384 | 1,337 | 1,393 | 731.7 | - |
| Operating Margin | 12.69% | - | - | - | 15.97% | 6.73% | 12.38% | 11.34% | 11.09% | 5.52% | - |
| Earnings before Tax (EBT) | 670.7 | - | - | - | 1,489 | 807.8 | - | - | - | 723.1 | - |
| Net income | 690 | - | 837.9 | 1,359 | 1,306 | 843.4 | - | - | - | 625.8 | - |
| Net margin | 12.66% | - | - | - | 13.96% | 7.02% | - | - | - | 4.72% | - |
| EPS 2 | 0.3700 | 0.2700 | 0.4500 | - | 0.6800 | 0.4300 | 0.5600 | 0.4900 | 0.6100 | 0.3100 | 0.5200 |
| Dividend per Share | 0.1600 | - | - | - | - | 0.1600 | - | - | - | - | - |
| Announcement Date | 4/25/22 | 4/27/22 | 8/25/22 | 8/25/22 | 10/26/22 | 3/14/23 | 4/25/23 | 8/24/23 | 10/25/23 | 4/18/24 | 4/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | 2,781 | 11,263 | 11,117 | - | - | - |
| Net Cash position | 789 | 2,401 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.7016 x | 2.398 x | 1.709 x | - | - | - |
| Free Cash Flow 1 | - | -478 | -4,406 | -10,972 | 3,677 | -2,767 | 436 | 5,075 |
| ROE (net income / shareholders' equity) | 25.5% | 19% | 18.1% | 17.5% | 12.5% | 12% | 13.2% | 13.9% |
| ROA (Net income/ Total Assets) | 11.6% | 7.87% | 17.9% | - | - | - | - | - |
| Assets 1 | 13,163 | 20,997 | 16,240 | - | - | - | - | - |
| Book Value Per Share 2 | 4.100 | 7.610 | 9.450 | 14.90 | 17.00 | 20.30 | 23.20 | 26.80 |
| Cash Flow per Share 2 | 0.6200 | 0.8200 | 0.9800 | 1.400 | 4.240 | 3.930 | 6.920 | 5.160 |
| Capex 1 | 2,614 | 2,025 | 6,269 | 13,833 | 4,999 | 4,500 | 4,500 | 4,500 |
| Capex / Sales | 40.77% | 24.82% | 37.09% | 38.1% | 10.25% | 8.53% | 7.07% | 6.01% |
| Announcement Date | 2/28/20 | 4/19/21 | 4/25/22 | 3/14/23 | 4/18/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
38.78
CNY
Average target price
47.47
CNY
Spread / Average Target
+22.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.10% | 10.43B | |
| +26.78% | 123B | |
| -8.54% | 67.54B | |
| -7.20% | 21.41B | |
| +3.36% | 17.22B | |
| -21.53% | 16.29B | |
| -10.14% | 4.62B | |
| -11.40% | 4.08B | |
| +4.47% | 3.88B | |
| +7.31% | 3.86B |
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- Financials EVE Energy Co., Ltd.