EVE ENERGY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 36.97 CNY | -2.04% |
|
+1.87% | -12.39% |
| 04-25 | EVE Energy's Q1 Profit Falls 7%; Operating Income Declines 17% | MT |
| 04-24 | 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 | 75,447 | - | - |
| Enterprise Value (EV) 1 | 47,823 | 151,541 | 227,048 | 190,671 | 97,359 | 75,447 | 75,447 | 75,447 |
| P/E ratio | 30.6 x | 91.6 x | 76.7 x | 48 x | 21.4 x | 14.1 x | 11.3 x | 9.13 x |
| Yield | 0.34% | 0.03% | 0.14% | 0.18% | 1.18% | - | - | - |
| Capitalization / Revenue | 7.58 x | 18.9 x | 13.3 x | 4.94 x | 1.77 x | 1.34 x | 1.12 x | 0.95 x |
| EV / Revenue | 7.58 x | 18.9 x | 13.3 x | 4.94 x | 1.77 x | 1.34 x | 1.12 x | 0.95 x |
| EV / EBITDA | 24.9 x | 61.9 x | 56.6 x | 38.2 x | 13.3 x | 8.3 x | 7.07 x | 5.78 x |
| EV / FCF | - | -322,158,081 x | -50,900,694 x | -16,350,752 x | 23,452,354 x | - | - | - |
| FCF Yield | - | -0% | -0% | -0% | 0% | - | - | - |
| Price to Book | 6.44 x | 10.7 x | 12.5 x | 5.9 x | 2.49 x | 1.88 x | 1.61 x | 1.37 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 | 36.97 | 36.97 | 36.97 |
| Announcement Date | 20-02-28 | 21-04-19 | 22-04-25 | 23-03-14 | 24-04-18 | - | - | - |
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 | 56,101 | 67,321 | 79,439 |
| 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 | 6,226 | 7,659 | 9,484 |
| Operating Margin | 25.48% | 23.63% | 18.29% | 9.67% | 9.93% | 11.1% | 11.38% | 11.94% |
| Earnings before Tax (EBT) 1 | 1,626 | 1,918 | 3,041 | 3,498 | 4,829 | 6,218 | 7,647 | 9,468 |
| Net income 1 | 1,522 | 1,652 | 2,906 | 3,509 | 4,050 | 5,387 | 6,681 | 8,290 |
| Net margin | 23.74% | 20.24% | 17.19% | 9.67% | 8.3% | 9.6% | 9.92% | 10.44% |
| EPS 2 | 0.8628 | 0.8900 | 1.540 | 1.830 | 1.970 | 2.630 | 3.270 | 4.050 |
| Free Cash Flow | - | -477.8 | -4,406 | -10,972 | 3,677 | - | - | - |
| FCF margin | - | -5.85% | -26.07% | -30.22% | 7.54% | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | 56.54% | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | 90.79% | - | - | - |
| Dividend per Share | 0.0894 | 0.0250 | 0.1600 | 0.1600 | 0.5000 | - | - | - |
| Announcement Date | 20-02-28 | 21-04-19 | 22-04-25 | 23-03-14 | 24-04-18 | - | - | - |
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 | 22-04-25 | 22-04-27 | 22-08-25 | 22-08-25 | 22-10-26 | 23-03-14 | 23-04-25 | 23-08-24 | 23-10-25 | 24-04-18 | 24-04-24 |
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 | - | -478 | -4,406 | -10,972 | 3,677 | - | - | - |
| ROE (net income / shareholders' equity) | 25.5% | 19% | 18.1% | 17.5% | 12.5% | 13.4% | 14.3% | 15% |
| 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 | 19.70 | 22.90 | 27.00 |
| Cash Flow per Share 2 | 0.6200 | 0.8200 | 0.9800 | 1.400 | 4.240 | 3.930 | 6.920 | 5.160 |
| Capex | 2,614 | 2,025 | 6,269 | 13,833 | 4,999 | - | - | - |
| Capex / Sales | 40.77% | 24.82% | 37.09% | 38.1% | 10.25% | - | - | - |
| Announcement Date | 20-02-28 | 21-04-19 | 22-04-25 | 23-03-14 | 24-04-18 | - | - | - |
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
36.97
CNY
Average target price
47.47
CNY
Spread / Average Target
+28.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.39% | 10.43B | |
| +24.10% | 123B | |
| -8.54% | 67.54B | |
| -7.20% | 21.41B | |
| +3.36% | 17.22B | |
| -21.53% | 16.29B | |
| -12.74% | 4.62B | |
| -12.28% | 4.08B | |
| +3.05% | 3.88B | |
| +3.01% | 3.86B |
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- Financials EVE Energy Co., Ltd.
