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China Boqi Environmental (Holding)

SEHK:2377
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2377
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Commercial Services
Company description

China Boqi Environmental (Holding) Co., Ltd., an environment protection company, provides flue gas treatment services in the People's Republic of China and internationally. The last earnings update was 6 days ago. More info.


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2377 Share Price and Events
7 Day Returns
-6%
SEHK:2377
1.7%
HK Commercial Services
0.2%
HK Market
1 Year Returns
-24.7%
SEHK:2377
26%
HK Commercial Services
-22%
HK Market
2377 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Boqi Environmental (Holding) (2377) -6% 0.8% -4.6% -24.7% - -
HK Commercial Services 1.7% -4% 7.6% 26% -49% -69.2%
HK Market 0.2% -10.8% -16.5% -22% -13.4% -28.8%
1 Year Return vs Industry and Market
  • 2377 underperformed the Commercial Services industry which returned 26% over the past year.
  • 2377 underperformed the Market in Hong Kong which returned -22% over the past year.
Price Volatility
2377
Industry
5yr Volatility vs Market

2377 Value

 Is China Boqi Environmental (Holding) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Boqi Environmental (Holding) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Boqi Environmental (Holding).

SEHK:2377 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in CNY CN¥ 0.07
Payout Ratio Company Filings (2019-12-31) 5516.2%
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year HK Government Bond Rate 1.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:2377
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.3%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.592 (1 + (1- 25%) (14.46%))
0.766
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (0.8 * 6.33%)
6.61%

Discounted Cash Flow Calculation for SEHK:2377 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for China Boqi Environmental (Holding) is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

SEHK:2377 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.07 / (6.61% - 1.55%)
CN¥1.51
SEHK:2377 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2377)
1.093
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.38 x 1.093
HK$1.51
Value per share (HKD) From above. HK$1.51
Current discount Discount to share price of HK$1.25
= -1 x (HK$1.25 - HK$1.51) / HK$1.51
17.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Boqi Environmental (Holding) is available for.
Intrinsic value
17%
Share price is HK$1.25 vs Future cash flow value of HK$1.51
Current Discount Checks
For China Boqi Environmental (Holding) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Boqi Environmental (Holding)'s share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • China Boqi Environmental (Holding)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Boqi Environmental (Holding)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Boqi Environmental (Holding)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2377 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.18
SEHK:2377 Share Price ** SEHK (2020-04-03) in HKD HK$1.25
SEHK:2377 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥1.14
Hong Kong Commercial Services Industry PE Ratio Median Figure of 52 Publicly-Listed Commercial Services Companies 10.61x
Hong Kong Market PE Ratio Median Figure of 1,475 Publicly-Listed Companies 9.06x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Boqi Environmental (Holding).

SEHK:2377 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2377 Share Price ÷ EPS (both in CNY)

= 1.14 ÷ 0.18

6.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Boqi Environmental (Holding) is good value based on earnings compared to the HK Commercial Services industry average.
  • China Boqi Environmental (Holding) is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Boqi Environmental (Holding)'s expected growth come at a high price?
Raw Data
SEHK:2377 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Hong Kong Commercial Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Commercial Services Companies 1.11x
Hong Kong Market PEG Ratio Median Figure of 487 Publicly-Listed Companies 0.64x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for China Boqi Environmental (Holding), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Boqi Environmental (Holding)'s assets?
Raw Data
SEHK:2377 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥2.26
SEHK:2377 Share Price * SEHK (2020-04-03) in HKD HK$1.25
SEHK:2377 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥1.14
Hong Kong Commercial Services Industry PB Ratio Median Figure of 74 Publicly-Listed Commercial Services Companies 1x
Hong Kong Market PB Ratio Median Figure of 2,250 Publicly-Listed Companies 0.71x
SEHK:2377 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2377 Share Price ÷ Book Value per Share (both in CNY)

= 1.14 ÷ 2.26

0.51x

* Primary Listing of China Boqi Environmental (Holding).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Boqi Environmental (Holding) is good value based on assets compared to the HK Commercial Services industry average.
X
Value checks
We assess China Boqi Environmental (Holding)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. China Boqi Environmental (Holding) has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2377 Future Performance

 How is China Boqi Environmental (Holding) expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is China Boqi Environmental (Holding) expected to grow at an attractive rate?
  • Unable to compare China Boqi Environmental (Holding)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Boqi Environmental (Holding)'s earnings growth to the Hong Kong market average as no estimate data is available.
  • China Boqi Environmental (Holding)'s revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:2377 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2377 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 20%
Hong Kong Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 26.9%
Hong Kong Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 22.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:2377 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2377 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,731 570 1
2020-12-31 2,335 477 1
2020-04-04
SEHK:2377 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 1,812 183
2019-09-30 1,794 199
2019-06-30 1,776 153 215
2019-03-31 1,760 119 305
2018-12-31 1,745 85 394
2018-09-30 1,764 184 286
2018-06-30 1,582 104 182
2018-03-31 1,456 185 73
2017-12-31 1,329 266 -36
2017-09-30 1,237 195 70
2017-06-30 1,270 183 157
2017-03-31 1,311 146 154

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Boqi Environmental (Holding) is high growth as no earnings estimate data is available.
  • China Boqi Environmental (Holding)'s revenue is expected to grow by 20% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:2377 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from China Boqi Environmental (Holding) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2377 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-04
SEHK:2377 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.18
2019-09-30 0.20
2019-06-30 0.21
2019-03-31 0.32
2018-12-31 0.44
2018-09-30 0.37
2018-06-30 0.29
2018-03-31 0.13
2017-12-31 -0.08
2017-09-30 0.14
2017-06-30 0.30
2017-03-31 0.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Boqi Environmental (Holding) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Boqi Environmental (Holding)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Boqi Environmental (Holding) has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2377 Past Performance

  How has China Boqi Environmental (Holding) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Boqi Environmental (Holding)'s growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Boqi Environmental (Holding)'s year on year earnings growth rate has been positive over the past 5 years.
  • China Boqi Environmental (Holding)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Boqi Environmental (Holding)'s 1-year earnings growth is negative, it can't be compared to the HK Commercial Services industry average.
Earnings and Revenue History
China Boqi Environmental (Holding)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Boqi Environmental (Holding) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2377 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,812.40 182.61 142.33
2019-09-30 1,794.10 199.01 136.73
2019-06-30 1,775.79 215.41 131.12
2019-03-31 1,760.40 304.89 133.20
2018-12-31 1,745.00 394.36 135.27
2018-09-30 1,763.99 285.75 134.60
2018-06-30 1,582.40 182.15 123.32
2018-03-31 1,455.74 72.86 115.26
2017-12-31 1,329.08 -36.42 107.21
2017-09-30 1,237.19 70.33 100.55
2017-06-30 1,269.65 156.70 100.74
2017-03-31 1,311.30 154.37 94.49
2016-12-31 1,352.96 152.04 88.24
2015-12-31 1,351.42 137.59 74.27
2014-12-31 1,238.76 103.64 66.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Boqi Environmental (Holding) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Boqi Environmental (Holding) used its assets less efficiently than the HK Commercial Services industry average last year based on Return on Assets.
  • China Boqi Environmental (Holding)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Boqi Environmental (Holding)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Boqi Environmental (Holding) has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2377 Health

 How is China Boqi Environmental (Holding)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Boqi Environmental (Holding)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Boqi Environmental (Holding) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Boqi Environmental (Holding)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Boqi Environmental (Holding)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 14.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Boqi Environmental (Holding) Company Filings, last reported 3 months ago.

SEHK:2377 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,274.16 157.38 694.13
2019-09-30 2,274.16 157.38 694.13
2019-06-30 2,183.89 133.31 623.95
2019-03-31 2,183.89 133.31 623.95
2018-12-31 2,173.17 65.48 850.69
2018-09-30 2,173.17 65.48 850.69
2018-06-30 2,076.38 127.00 790.89
2018-03-31 2,076.38 127.00 790.89
2017-12-31 753.03 127.00 689.35
2017-09-30 807.73 67.00 469.95
2017-06-30 846.45 67.00 487.15
2017-03-31 846.45 67.00 487.15
2016-12-31 1,017.15 343.25 348.34
2015-12-31 1,079.54 87.00 526.92
2014-12-31 1,011.71 147.00 530.34
  • China Boqi Environmental (Holding)'s level of debt (6.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (14.5% vs 6.9% today).
  • Debt is well covered by operating cash flow (97.5%, greater than 20% of total debt).
  • China Boqi Environmental (Holding) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Boqi Environmental (Holding)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Boqi Environmental (Holding) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2377 Dividends

 What is China Boqi Environmental (Holding)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.9%
Current annual income from China Boqi Environmental (Holding) dividends. Estimated to be 6.12% next year.
If you bought HK$2,000 of China Boqi Environmental (Holding) shares you are expected to receive HK$138 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • China Boqi Environmental (Holding)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.6%).
  • China Boqi Environmental (Holding)'s dividend is below the markets top 25% of dividend payers in Hong Kong (7.27%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:2377 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Hong Kong Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 951 Stocks 4.3%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.6%
Hong Kong Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:2377 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.07 1.00
2020-12-31 0.07 1.00
2020-04-04
SEHK:2377 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-29 0.079 7.158

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether China Boqi Environmental (Holding) has stable dividend payments.
  • China Boqi Environmental (Holding) only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of China Boqi Environmental (Holding)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5x coverage).
X
Income/ dividend checks
We assess China Boqi Environmental (Holding)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Boqi Environmental (Holding) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Boqi Environmental (Holding) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2377 Management

 What is the CEO of China Boqi Environmental (Holding)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Zhijun Zeng
COMPENSATION CN¥908,000
AGE 48
CEO Bio

Mr. Zhijun Zeng serves as the Vice Chairman and Chief Executive Officer of China Boqi Environmental (Holding) Co., Ltd and has been its Executive Director since January 30, 2015. Mr. Zeng is responsible for the overall management and operation of China Boqi Group. Mr. Zeng joined China Boqi Group in June 2004 serving as a Director of Beijing Boqi, China Boqi major operating subsidiary, and became the Vice Chairman of Beijing Boqi in June 2007. Mr. Zeng currently serves as a Director and the Chief Executive Officer of Beijing Boqi. Since February 2005, Mr. Zeng is a Director of Richinfo Technology Co., Ltd.(formerly known as Shenzhen Richinfo Technology Co., Ltd.). Mr. Zeng served as the Chairman of Beijing Horizon Media Group Inc. from December 2002 to October 2004. Since April 2016, Mr. Zeng has served as a Director of Wuxi Zhonggan Microelectronics Co., Ltd. Mr. Zeng graduated from Beijing Institute of Technology with a bachelor’s degree in computer science and engineering in July 1992. Mr. Zeng received a master’s degree in business administration from Massachusetts Institute of Technology in June 2001. Mr. Zeng was awarded the degree of Doctor of Management from The Hong Kong Polytechnic University on November 3, 2010.

CEO Compensation
  • Zhijun's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Zhijun's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the China Boqi Environmental (Holding) management team in years:

3.2
Average Tenure
50.5
Average Age
  • The tenure for the China Boqi Environmental (Holding) management team is about average.
Management Team

Richard Cheng

TITLE
Chairman of the Board
COMPENSATION
CN¥908K
AGE
53

Zhijun Zeng

TITLE
Vice Chairman & CEO
COMPENSATION
CN¥908K
AGE
48

Xiaoping Cao

TITLE
VP & CFO
AGE
65
TENURE
10.1 yrs

Kongyu Zhang

TITLE
VP & CTO
AGE
57

Xiaoning Qian

TITLE
VP, Board Secretary & Joint Company Secretary
AGE
45
TENURE
3.2 yrs

Wai Ling Wong

TITLE
Joint Company Secretary
AGE
39
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the China Boqi Environmental (Holding) board of directors in years:

2.7
Average Tenure
52.5
Average Age
  • The average tenure for the China Boqi Environmental (Holding) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zhijun Zeng

TITLE
Vice Chairman & CEO
COMPENSATION
CN¥908K
AGE
48

Andy Xie

TITLE
Independent Non-Executive Director
AGE
59
TENURE
2.2 yrs

Richard Cheng

TITLE
Chairman of the Board
COMPENSATION
CN¥908K
AGE
53

Zhifang Lu

TITLE
Independent Non-Executive Director
AGE
65
TENURE
2.2 yrs

Zhu Weihang

TITLE
Non-Executive Director
AGE
32
TENURE
3.3 yrs

Tony Tuo

TITLE
Non-Executive Director
AGE
50
TENURE
5.3 yrs

Chen Xue

TITLE
Non-Executive Director
AGE
52
TENURE
3.3 yrs

Genyu Liu

TITLE
Independent Non-Executive Director
AGE
55
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
10. Oct 19 Buy Zhijun Zeng Individual 12. Sep 19 12. Sep 19 500,000 HK$1.15 HK$575,000
10. Oct 19 Buy Zhijun Zeng Individual 29. Aug 19 29. Aug 19 553,000 HK$1.15 HK$637,608
16. Sep 19 Buy Zhijun Zeng Individual 11. Sep 19 11. Sep 19 500,000 HK$1.17 HK$585,000
19. Jul 19 Buy Zhijun Zeng Individual 16. Jul 19 16. Jul 19 310,000 HK$1.13 HK$349,710
16. May 19 Buy Zhijun Zeng Individual 10. May 19 10. May 19 49,000 HK$1.61 HK$78,890
16. May 19 Buy Zhijun Zeng Individual 14. May 19 14. May 19 101,000 HK$1.61 HK$162,600
16. May 19 Buy Zhijun Zeng Individual 15. May 19 15. May 19 203,000 HK$1.60 HK$324,821
14. May 19 Buy Zhijun Zeng Individual 08. May 19 08. May 19 29,000 HK$1.61 HK$46,690
09. May 19 Buy Zhijun Zeng Individual 06. May 19 06. May 19 54,000 HK$1.61 HK$86,940
26. Apr 19 Buy Zhijun Zeng Individual 23. Apr 19 23. Apr 19 50,000 HK$1.60 HK$80,000
11. Apr 19 Buy Zhijun Zeng Individual 09. Apr 19 09. Apr 19 150,000 HK$1.60 HK$240,001
11. Apr 19 Buy Zhijun Zeng Individual 08. Apr 19 08. Apr 19 150,000 HK$1.60 HK$240,000
X
Management checks
We assess China Boqi Environmental (Holding)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Boqi Environmental (Holding) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2377 News

Simply Wall St News

Need To Know: China Boqi Environmental (Holding) Co., Ltd. (HKG:2377) Insiders Have Been Buying Shares

See our latest analysis for China Boqi Environmental (Holding) China Boqi Environmental (Holding) Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Vice Chairman &amp; CEO Zhijun Zeng bought HK$765k worth of shares at a price of HK$1.39 per share. … SEHK:2377 Recent Insider Trading, September 3rd 2019 Insider Ownership of China Boqi Environmental (Holding) Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … When combined with notable insider ownership, these factors suggest China Boqi Environmental (Holding) insiders are well aligned, and quite possibly think the share price is too low.

Simply Wall St -

Could The China Boqi Environmental (Holding) Co., Ltd. (HKG:2377) Ownership Structure Tell Us Something Useful?

With a market capitalization of HK$1.3b, China Boqi Environmental (Holding) is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for China Boqi Environmental (Holding) SEHK:2377 Ownership Summary, August 22nd 2019 What Does The Institutional Ownership Tell Us About China Boqi Environmental (Holding)? … Insider Ownership Of China Boqi Environmental (Holding) While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Is China Boqi Environmental (Holding) (HKG:2377) A Risky Investment?

SEHK:2377 Historical Debt, July 29th 2019 How Strong Is China Boqi Environmental (Holding)'s Balance Sheet? … While China Boqi Environmental (Holding) has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Summing up While it is always sensible to investigate a company's debt, in this case China Boqi Environmental (Holding) has CN¥785m in net cash and a decent-looking balance sheet.

Simply Wall St -

The China Boqi Environmental (Holding) (HKG:2377) Share Price Is Down 26% So Some Shareholders Are Getting Worried

China Boqi Environmental (Holding) managed to increase earnings per share from a loss to a profit, over the last 12 months. … Dive deeper into the earnings by checking this interactive graph of China Boqi Environmental (Holding)'s earnings, revenue and cash flow. … You can find out about the insider purchases of China Boqi Environmental (Holding) by clicking this link.

Simply Wall St -

What We Think Of China Boqi Environmental (Holding) Co., Ltd.’s (HKG:2377) Investment Potential

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for China Boqi Environmental (Holding): 0.083 = CN¥183m ÷ (CN¥3.5b - CN¥1.3b) (Based on the trailing twelve months to December 2018.) Therefore, China Boqi Environmental (Holding) has an ROCE of 8.3%. … What Are Current Liabilities, And How Do They Affect China Boqi Environmental (Holding)'s ROCE? … China Boqi Environmental (Holding)'s ROCE is improved somewhat by its moderate amount of current liabilities.

Simply Wall St -

Could China Boqi Environmental (Holding) Co., Ltd.'s (HKG:2377) Investor Composition Influence The Stock Price?

Every investor in China Boqi Environmental (Holding) Co., Ltd. … China Boqi Environmental (Holding) is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Should You Buy China Boqi Environmental (Holding) Co., Ltd. (HKG:2377) For Its Dividend?

Recently, China Boqi Environmental (Holding) Co., Ltd. … Does China Boqi Environmental (Holding) tick all the boxes of a great dividend stock? … Check out our latest analysis for China Boqi Environmental (Holding)

Simply Wall St -

Looking At China Boqi Environmental (Holding) Co., Ltd. (HKG:2377) From All Angles

I've been keeping an eye on China Boqi Environmental (Holding) Co., Ltd. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on China Boqi Environmental (Holding) here

Simply Wall St -

What Does China Boqi Environmental (Holding) Co., Ltd.’s (HKG:2377) 11% ROCE Say About The Business?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Who Has Been Buying China Boqi Environmental (Holding) Co., Ltd. (HKG:2377) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in China Boqi Environmental (Holding) Co., Ltd. … View our latest analysis for China Boqi Environmental (Holding)! … China Boqi Environmental (Holding) Insider Transactions Over The Last Year.

Simply Wall St -

2377 Company Info

Description

China Boqi Environmental (Holding) Co., Ltd., an environment protection company, provides flue gas treatment services in the People's Republic of China and internationally. It engages in the project engineering and construction, design, procurement of equipment and materials, equipment installation, and commissioning services related to desulfurization, denitrification, and dust removal for coal-fired power plants. The company also provides operation and maintenance services for desulfurization, denitrification, and dust removal facilities; and technical support, regular maintenance, facilities testing, and spare parts services for flue gas facilities. In addition, it constructs and operates concessions on a BOT basis, as well as provides waste water treatment services to coal-fired power plants. Further, the company sells coal and chemicals; and offers technology and exploration services. China Boqi Environmental (Holding) Co., Ltd., was incorporated in 2015 and is headquartered in Beijing, the People's Republic of China.

Details
Name: China Boqi Environmental (Holding) Co., Ltd.
2377
Exchange: SEHK
Founded: 2015
HK$1,258,883,498
1,007,106,799
Website: http://www.chinaboqi.com
Address: China Boqi Environmental (Holding) Co., Ltd.
R&F Center,
11th Floor,
Beijing,
100022,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2377 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 16. Mar 2018
Number of employees
Current staff
Staff numbers
1,950
China Boqi Environmental (Holding) employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 13:44
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/29
Last earnings filing: 2020/03/29
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.