Tianjin Capital Environmental Protection Group Co Ltd Class H (HK:1065)
:1065
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Tianjin Capital Environmental Protection Group Co
(1065)
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Rating:72Outperform
Price Target:
HK$5.00
â–˛(17.65% Upside)
Action:UpgradedDate:04/24/26
The score is driven primarily by solid operating performance and improving cash generation, tempered by elevated leverage on the balance sheet. Valuation is a major positive with a low P/E and strong dividend yield, while technical indicators are neutral and do not add a strong momentum tailwind.
Positive Factors
Recurring concession-based revenue
The company's core model—invest, build, operate municipal and industrial water assets—creates long-duration, contract-backed revenue streams. Concession/PPP structures and tariff-based payments provide multi-year visibility into cash flows, supporting stable operations, refinancing, and long-term creditability.
Negative Factors
Elevated financial leverage
A debt-to-equity ratio near 1.0 signals meaningful leverage for a utility-like operator. High leverage raises interest and refinancing risks, reduces balance-sheet flexibility for new concessions, and makes the company more sensitive to rate rises or counterparty payment delays, limiting strategic optionality over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring concession-based revenue
The company's core model—invest, build, operate municipal and industrial water assets—creates long-duration, contract-backed revenue streams. Concession/PPP structures and tariff-based payments provide multi-year visibility into cash flows, supporting stable operations, refinancing, and long-term creditability.
Read all positive factors
Tianjin Capital Environmental Protection Group Co (1065) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$10.40B
Dividend Yield4.37%
Average Volume (3M)805.70K
Price to Earnings (P/E)5.3
Beta (1Y)0.48
Revenue Growth0.90%
EPS Growth11.31%
CountryHK
Employees2,321
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)0.20
Shares Outstanding340,000,000
10 Day Avg. Volume957,500
30 Day Avg. Volume805,700
Financial Highlights & Ratios
PEG Ratio1.20
Price to Book (P/B)0.58
Price to Sales (P/S)1.29
P/FCF Ratio2.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.64
Revenue Forecast (FY)HK$5.02B
Tianjin Capital Environmental Protection Group Co Business Overview & Revenue Model
Company Description
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 Pro...
How the Company Makes Money
The company makes money mainly by investing in and operating water and wastewater infrastructure projects and earning recurring service-based income over the operating life of those assets. Key revenue streams typically include (1) wastewater trea...
Tianjin Capital Environmental Protection Group Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
58
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.78B | 4.63B | 4.83B | 4.67B | 4.52B | 4.54B |
| Gross Profit | 1.82B | 1.76B | 1.92B | 1.82B | 1.54B | 1.35B |
| EBITDA | 1.48B | 2.09B | 2.19B | 1.76B | 1.56B | 1.49B |
| Net Income | 879.04M | 840.04M | 807.21M | 865.21M | 751.25M | 693.19M |
Balance Sheet | ||||||
| Total Assets | 25.95B | 26.01B | 25.15B | 24.46B | 22.97B | 21.07B |
| Cash, Cash Equivalents and Short-Term Investments | 4.27B | 4.72B | 2.76B | 2.61B | 3.25B | 2.14B |
| Total Debt | 10.19B | 10.37B | 7.94B | 7.89B | 9.26B | 8.56B |
| Total Liabilities | 14.29B | 13.00B | 14.36B | 14.24B | 13.47B | 12.96B |
| Stockholders Equity | 10.50B | 10.26B | 9.67B | 9.12B | 8.48B | 7.12B |
Cash Flow | ||||||
| Free Cash Flow | 2.65B | 2.31B | 695.57M | -674.32M | 245.19M | 98.14M |
| Operating Cash Flow | 3.21B | 3.22B | 1.38B | 992.01M | 912.05M | 936.81M |
| Investing Cash Flow | -540.20M | -868.44M | -745.37M | -1.64B | -684.69M | -1.55B |
| Financing Cash Flow | -885.26M | -421.92M | -542.51M | 34.11M | 867.43M | 1.05B |
Tianjin Capital Environmental Protection Group Co Technical Analysis
Negative
4.25
Price Trends
4.37
Negative
4.29
Negative
4.14
Positive
Market Momentum
-0.04
Negative
45.24
Neutral
71.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1065, the sentiment is Negative. The current price of 4.25 is below the 20-day moving average (MA) of 4.27, below the 50-day MA of 4.37, and above the 200-day MA of 4.14, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 45.24 is Neutral, neither overbought nor oversold. The STOCH value of 71.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1065.
Tianjin Capital Environmental Protection Group Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$10.40B | 5.27 | 8.59% | 4.37% | 0.90% | 11.31% | |
71 Outperform | HK$13.25B | 8.20 | 7.72% | 6.19% | 7.14% | 3.17% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$795.19M | 3.38 | 6.03% | ― | -14.62% | -19.99% | |
56 Neutral | HK$1.60B | 5.86 | 6.98% | 7.75% | 4.46% | 770.51% | |
50 Neutral | HK$1.40B | 3.31 | 3.96% | ― | 1.03% | 16.29% | |
44 Neutral | HK$4.85B | -0.83 | -30.08% | ― | 0.62% | -58.08% |
* Industrials Sector Average
HK:1065
Tianjin Capital Environmental Protection Group Co
4.35
1.33
43.85%
HK:0895
Dongjiang Environmental Company
2.08
0.29
16.20%
HK:1330
Dynagreen Environmental Protection Group Co., Ltd. Class H
6.54
2.44
59.36%
HK:0154
Beijing Enterprises Environment Group Limited
0.53
0.14
34.18%
HK:3718
Beijing Enterprises Urban Resources Group Ltd.
0.45
0.15
48.51%
HK:3989
Capital Environment Holdings Limited
0.10
0.02
28.95%
Tianjin Capital Environmental Protection Group Co Corporate Events
Tianjin Capital Environmental Protection Group Posts Higher Q1 Profit Despite Cash Flow Pressure
Apr 23, 2026
Tianjin Capital Environmental Protection Group reported steady growth for the first quarter of 2026, with operating income rising 4.22% year on year to RMB 1.15 billion and net profit attributable to shareholders up 8.49% to RMB 276.38 million. Ea...
Tianjin Capital Moves to Formalize Directors’ Pay Framework in Governance Overhaul
Apr 23, 2026
Tianjin Capital Environmental Protection Group Company Limited plans to amend its articles of association to incorporate a formal remuneration management system for its directors, in line with updated governance guidelines issued by the China Secu...
Tianjin Capital Environmental Protection Group Sets Board Meeting to Approve Q1 2026 Results
Apr 1, 2026
Tianjin Capital Environmental Protection Group Company Limited has scheduled a board meeting for 23 April 2026 to review and approve its first-quarter results for the three months ended 31 March 2026. The move signals that the company is preparing...
Tianjin Capital Environmental Protection Group Posts Audited 2025 Results With Unqualified Opinion
Mar 25, 2026
Tianjin Capital Environmental Protection Group reported its audited final results for the year ended 31 December 2025, confirming that its 2025 consolidated financial statements received an unqualified opinion from WUYIGE Certified Public Accounta...
Tianjin Capital Sets 2025 Dividend and Outlines Tax Terms for H-Share Investors
Mar 25, 2026
Tianjin Capital Environmental Protection Group plans to distribute a 2025 cash dividend of RMB2.09 per 10 shares, totaling about RMB328.2 million, after reporting distributable profit of roughly RMB6.64 billion for the year. The proposal, which re...
Tianjin Capital Proposes 2025 Final Dividend and Outlines Withholding Tax Rules
Mar 25, 2026
Tianjin Capital Environmental Protection Group Company Limited has proposed a final ordinary cash dividend of RMB 2.09 per 10 shares for the financial year ended 31 December 2025, with the ex-dividend date set for 22 May 2026 and payment scheduled...
Tianjin Capital Books Major Asset Impairment to Reflect 2025 Receivables Risk
Mar 25, 2026
Tianjin Capital Environmental Protection Group has approved a substantial asset impairment provision for its 2025 consolidated financial statements, following impairment tests on accounts receivable, other receivables and long-term receivables und...
Tianjin Capital Sets RMB3.57 Billion Cap on New Subsidiary Financing Guarantees
Mar 25, 2026
Tianjin Capital Environmental Protection Group plans to provide up to RMB3.57 billion in new financing guarantees to its subsidiaries between its 2025 and 2026 annual general meetings, mainly to support water utilities projects and new environment...
Tianjin Capital Unit Wins RMB2.85 Million Reclaimed Water Contract in Tianjin Urban Renewal
Mar 25, 2026
Tianjin Capital Environmental Protection Group has approved its wholly owned Water Recycling Company to sign three reclaimed water ancillary agreements with Jinzhong Urban Renewal for Lot 7 of an urban renewal project in Tianjin’s Dongli Dis...
Tianjin Capital Group Expands Role in Tianjin Houtai Project With New Connected Utility Contracts
Mar 25, 2026
Tianjin Capital Environmental Protection Group has approved a new Heat Supply Secondary Network Agreement for the Houtai Lot C residential development in Tianjin, under which wholly owned unit Tianjin Jiayuanshengchuang will design and construct s...
Tianjin Capital Schedules Board Meeting to Approve 2025 Annual Results
Mar 10, 2026
Tianjin Capital Environmental Protection Group has scheduled a board meeting for 25 March 2026 to review and approve the company’s annual results for the financial year ended 31 December 2025. The move signals the upcoming release of full-ye...
Tianjin Capital Signs Connected Design Deal for Xianyang Road Plant Relocation
Feb 12, 2026
Tianjin Capital Environmental Protection Group has approved an engineering design service agreement with Tianjin Municipal Institute for the Phase II relocation of the Xianyang Road Sewage Water Treatment Plant in Tianjin’s Xiqing District. ...
Tianjin Capital Awards Connected EPC Contracts for 2026 Reclaimed Water Project
Feb 12, 2026
Tianjin Capital Environmental Protection Group Co has approved new EPC contracts for the 2026 reclaimed water supporting construction project, commissioning its wholly owned Water Recycling Company to engage Chengtou Architectural and Expressway C...
Tianjin Capital Raises Caps on Connected EPC Deals for Tianjin Water Recycling Project
Feb 10, 2026
Tianjin Capital Environmental Protection Group’s subsidiary Water Recycling Company has entered multiple EPC general contracting agreements with affiliated design and construction entities for several tender sections of the recycled water pi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.