Kangda International Environmental Co Ltd (HK:6136)
:6136
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Kangda International Environmental Co Ltd
(6136)
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Rating:70Outperform
Price Target:
HK$0.83
▲(71.88% Upside)
Action:UpgradedDate:04/04/26
The score is driven by very attractive valuation (low P/E) and strong technical uptrend signals. Offsetting this, financial performance is constrained by high leverage, modest ROE, and weak operating cash flow coverage of debt despite improving 2025 cash flow momentum.
Positive Factors
Regulated, recurring revenue model
Municipal concession and fee-per-cubic-meter contracts create predictable, long-duration cash flows and strong revenue visibility. The BOT/PPP investment model aligns recovery over concession life, supporting steady operations and lower cyclicality for 2–6 month and multi-year planning horizons.
Negative Factors
Meaningful balance-sheet leverage
Leverage of roughly 1.5x equity constrains financial flexibility: it raises interest and refinancing needs, limits capacity to pursue new project investments without external funding, and increases downside risk if project cash flows underperform or financing markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated, recurring revenue model
Municipal concession and fee-per-cubic-meter contracts create predictable, long-duration cash flows and strong revenue visibility. The BOT/PPP investment model aligns recovery over concession life, supporting steady operations and lower cyclicality for 2–6 month and multi-year planning horizons.
Read all positive factors
Kangda International Environmental Co Ltd (6136) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.71B
Dividend YieldN/A
Average Volume (3M)4.01M
Price to Earnings (P/E)4.1
Beta (1Y)0.10
Revenue Growth3.04%
EPS Growth6.91%
CountryHK
Employees2,285
SectorUtilities
Sector Strength65
IndustryRegulated Water
Share Statistics
EPS (TTM)0.07
Shares Outstanding2,307,008,500
10 Day Avg. Volume5,214,000
30 Day Avg. Volume4,006,100
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.15
Price to Sales (P/S)0.40
P/FCF Ratio1.48
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)N/A
Revenue Forecast (FY)N/A
Kangda International Environmental Co Ltd Business Overview & Revenue Model
Company Description
Kangda International Environmental Company Limited, an investment holding company, engages in the urban water treatment, water environment comprehensive remediation, and rural water improvement businesses in People's Republic of China. Its Urban W...
How the Company Makes Money
Kangda International Environmental typically generates revenue from (i) wastewater treatment operations, where it earns fees (often per cubic meter of wastewater treated) under operating/concession arrangements with municipal counterparties; (ii) ...
Kangda International Environmental Co Ltd Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.36B | 2.26B | 2.22B | 2.90B | 2.92B |
| Gross Profit | 1.06B | 1.09B | 1.08B | 1.27B | 1.34B |
| EBITDA | 933.79M | 843.10M | 907.38M | 1.03B | 1.09B |
| Net Income | 231.12M | 168.00M | 124.75M | 235.68M | 412.75M |
Balance Sheet | |||||
| Total Assets | 18.70B | 19.15B | 19.23B | 18.97B | 18.28B |
| Cash, Cash Equivalents and Short-Term Investments | 801.35M | 521.16M | 595.36M | 559.94M | 318.33M |
| Total Debt | 9.38B | 9.61B | 9.92B | 9.52B | 9.47B |
| Total Liabilities | 12.38B | 13.13B | 13.38B | 13.23B | 12.87B |
| Stockholders Equity | 6.23B | 5.93B | 5.71B | 5.60B | 5.27B |
Cash Flow | |||||
| Free Cash Flow | 639.34M | 351.04M | 231.81M | 367.95M | 319.11M |
| Operating Cash Flow | 681.14M | 403.14M | 292.92M | 368.41M | 320.17M |
| Investing Cash Flow | 7.30M | 151.77M | 12.80M | 101.98M | -122.08M |
| Financing Cash Flow | -606.54M | -626.02M | -257.11M | -563.03M | -337.88M |
Kangda International Environmental Co Ltd Technical Analysis
Positive
0.48
Price Trends
0.59
Positive
0.52
Positive
0.46
Positive
Market Momentum
0.05
Negative
66.21
Neutral
84.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6136, the sentiment is Positive. The current price of 0.48 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.59, and above the 200-day MA of 0.46, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 66.21 is Neutral, neither overbought nor oversold. The STOCH value of 84.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6136.
Kangda International Environmental Co Ltd Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$576.01M | 5.37 | 3.64% | 6.03% | 4.85% | -4.80% | |
70 Outperform | HK$1.71B | 4.09 | 2.82% | ― | 3.04% | 6.91% | |
69 Neutral | HK$658.63M | 3.87 | 3.62% | ― | -9.45% | -17.46% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
43 Neutral | HK$55.00M | -2.94 | -9.98% | ― | -8.34% | -13.24% | |
43 Neutral | HK$252.88M | -0.62 | -36.69% | ― | -43.38% | -25.63% | |
42 Neutral | HK$143.19M | -0.05 | -514.90% | ― | -5.97% | -50.72% |
* Utilities Sector Average
HK:6136
Kangda International Environmental Co Ltd
0.74
0.43
138.71%
HK:6839
Yunnan Water Investment Co., Limited Class H
0.12
-0.05
-27.71%
HK:1129
China Water Industry Group Limited
0.40
0.10
33.33%
HK:1542
Taizhou Water Group Co., Ltd. Class H
1.10
-0.40
-26.67%
HK:2281
Luzhou Xinglu Water (Group) Co., Ltd. Class H
0.67
0.14
26.42%
HK:3768
Kunming Dianchi Water Treatment Co., Ltd. Class H
0.64
0.06
10.34%
Kangda International Environmental Co Ltd Corporate Events
Kangda International Environmental Declares Final 2025 Cash Dividend
Mar 19, 2026
Kangda International Environmental Company Limited has declared a final ordinary cash dividend of HKD 0.005 per share for the financial year ended 31 December 2025, subject to shareholder approval on 12 June 2026. The dividend will be paid in Hong...
Kangda International Environmental Profit Jumps on Lower Costs and Record Cash Flow
Mar 19, 2026
Kangda International Environmental reported revenue of RMB2,426.9 million for 2025, up 7.3% year on year, driven mainly by higher construction services income. Gross profit was broadly flat at RMB1,090.6 million and the gross margin narrowed to 44...
Kangda International Schedules Board Meeting to Approve 2025 Annual Results
Mar 6, 2026
Kangda International Environmental Company Limited has scheduled a board meeting for 19 March 2026 to review and approve the annual results for the year ended 31 December 2025. The board will also consider the publication of these results and the ...
Kangda International Revises Wastewater Plant Asset Transfer Terms in Dongping County
Feb 24, 2026
Kangda International Environmental Company Limited has revised the terms of a previously announced asset transfer involving a wastewater treatment plant in Dongping County, China. The transaction covers the concession right, the plant itself and i...
Kangda International Environmental Sets Out Board and Committee Structure
Feb 4, 2026
Kangda International Environmental Company Limited has announced the current composition of its board of directors, naming four executive directors, one non-executive director and three independent non-executive directors, with Mr. Du Lindong serv...
Kangda International Reshapes Top Management With New Chairman and CFO Exit
Feb 2, 2026
Kangda International Environmental Company Limited has announced the resignation of executive director and chief financial officer Zhou Wei, effective 4 February 2026, citing personal and family reasons, with the board noting there is no disagreem...
Kangda International Sells Dongping Wastewater Concession Back to Local Government for RMB127 Million
Jan 14, 2026
Kangda International Environmental Company Limited has agreed to transfer the concession right, wastewater treatment plant and related assets of its Dongping project company, Dongping Kangda, to Dongping County Taida, which is acting on behalf of ...
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.