Tianjin Capital Environmental Prtctn Grp

Chart & Performance

D1W1MN

P/E

9.59

P/S

1.78

EPS

0.62

Div Yield, %

7.25%

Shrs. gr., 5y

1.90%

Rev. gr., 5y

13.77%

Revenues

4.67b

+3.16%

Net income

865m

+15.17%

CFO

992m

+8.77%

Dividend

Jul 05, 20240.166 CNY/sh

Earnings

Jun 05, 2025

Profile

Tianjin Capital Environmental Protection Group Company Limited, together with its subsidiaries, engages in the sewage treatment and construction of the sewage treatment plants in the People's Republic of China. It operates through Sewage Water Processing and Water Plant Facilities Construction; Recycled Water and Pipeline Connection; Heating and Cooling Supply and Related Facilities Construction; Tap Water and Water Plant Facilities Construction; Sale of Environmental Protection Equipment; and All Other segments. The company offers municipal sewage treatment, and water supply and recycling services, as well as sludge treatment, photovoltaic power generation, transformation of achievements in technology research, etc.; and involved in hazardous wastes business. It also provides toll collection services; environment governance, technical consulting services, etc.; technical consulting for water recycling business; energy saving and research, consulting and transfer, and property management services; and industrial solid waste incineration and disposal, and general waste recycling services, as well as invests in construction projects; and manufactures and sells new building materials. The company was founded in 1993 and is based in Tianjin, the People's Republic of China. Tianjin Capital Environmental Protection Group Company Limited is a subsidiary of Tianjin Municipal Investment Company Limited.

URL

https://www.tjcep.com/

IPO date

May 17, 1994

Employees

2,265

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	4,665,083 3.16%	4,522,167 -0.30%	4,535,579 34.83%
Cost of revenue	2,965,461	3,084,860	3,261,251
Unusual Expense (Income)
NOPBT	1,699,622	1,437,307	1,274,328
NOPBT Margin	36.43%	31.78%	28.10%
Operating Taxes	202,767	156,693	177,049
Tax Rate	11.93%	10.90%	13.89%
NOPAT	1,496,855	1,280,614	1,097,279
Net income	865,207 15.17%	751,254 8.38%	693,189 21.60%
Dividends	(602,141)	(208,376)	(171,267)
Dividend yield	6.90%	2.32%	1.70%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	2,014,408	1,277,472	1,102,991
Long-term debt	8,175,530	7,984,564	7,459,627
Deferred revenue	1,791,279	1,855,645	1,933,891
Other long-term liabilities	28,000	198,703	243,468
Net debt	7,577,316	1,248,140	2,414,227
Cash flow
Cash from operating activities	992,015	912,051	936,808
CAPEX	(1,666,332)	(666,863)	(838,669)
Cash from investing activities	(1,643,106)	(684,693)	(1,547,421)
Cash from financing activities	34,109	867,430	1,051,512
FCF	514,133	783,401	526,018
Balance
Cash	2,612,622	3,252,060	2,139,487
Long term investments		4,761,836	4,008,904
Excess cash	2,379,368	7,787,788	5,921,612
Stockholders' equity	9,117,170	8,403,702	7,721,759
Invested Capital	19,697,822	12,972,382	12,868,914
ROIC	9.16%	9.91%	8.36%
ROCE	7.67%	6.89%	6.74%
EV
Common stock shares outstanding	1,573,104	1,473,047	1,427,228
Price	5.55 -8.87%	6.09 -13.86%	7.07 4.43%
Market cap	8,730,725 -2.68%	8,970,857 -11.10%	10,090,502 4.43%
EV	17,401,625	11,241,817	13,488,601
EBITDA	2,359,430	2,035,542	1,904,614
EV/EBITDA	7.38	5.52	7.08
Interest	390,843	403,067	339,417
Interest/NOPBT	23.00%	28.04%	26.63%