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China Everbright Water
(SGX:U9E)
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Rating:58Neutral
Price Target:
S$0.50
▲(127.27% Upside)
Action:N/A
Date:10/26/25
The most influential factors are the company’s financial pressure from high leverage, deteriorating return on equity, and flat or declining revenue, which limit financial flexibility and risk profile. However, the stock’s very low P/E and high dividend yield provide significant valuation appeal that supports near-term returns and offset some operational headwinds. Technical indicators show a stable but unremarkable trend, reinforcing a score that reflects moderate risk and material upside if business fundamentals improve.
Positive Factors
Stable high margins
China Everbright Water's historically strong gross and operating margins reflect the regulated, fee-based nature of its water-treatment contracts. High margins provide an earnings buffer versus cyclicality, supporting durable profitability and resilience in cash generation across the next several quarters.
Negative Factors
Multi-year negative operating cash flow
Persistent negative operating cash flow from 2020–2024 indicates structural cash-conversion weakness, likely driven by construction working capital and delayed municipal payments. This chronic cash drain elevates refinancing and funding risk and can constrain capex or expansion absent sustained improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable high margins
China Everbright Water's historically strong gross and operating margins reflect the regulated, fee-based nature of its water-treatment contracts. High margins provide an earnings buffer versus cyclicality, supporting durable profitability and resilience in cash generation across the next several quarters.
Read all positive factors
China Everbright Water (U9E) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$640.54M
Dividend Yield7.47%
Average Volume (3M)378.32K
Price to Earnings (P/E)4.7
Beta (1Y)0.26
Revenue Growth-36.35%
EPS Growth-23.32%
CountrySG
Employees1,926
SectorUtilities
Sector Strength65
IndustryRegulated Water
Share Statistics
EPS (TTM)0.29
Shares Outstanding2,860,876,700
10 Day Avg. Volume297,650
30 Day Avg. Volume378,320
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)0.34
Price to Sales (P/S)0.82
P/FCF Ratio6.69
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
China Everbright Water Business Overview & Revenue Model
Company Description
China Everbright Water Limited is an investment holding company that specializes in providing comprehensive water environmental management services across Mainland China and Germany. Its extensive offerings include the treatment of wastewater for ...
How the Company Makes Money
The company primarily makes money by developing and operating water infrastructure projects under long-term project agreements and then earning contracted fees tied to the delivery of treatment capacity and/or treated-water volumes. Key revenue st...
China Everbright Water Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
56
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.36B | 6.85B | 6.70B | 6.73B | 6.91B |
| Gross Profit | 2.36B | 2.62B | 2.82B | 2.56B | 2.80B |
| EBITDA | 1.92B | 2.20B | 2.47B | 2.22B | 2.25B |
| Net Income | 858.16M | 1.02B | 1.19B | 1.01B | 1.20B |
Balance Sheet | |||||
| Total Assets | 38.20B | 35.89B | 34.22B | 33.45B | 32.97B |
| Cash, Cash Equivalents and Short-Term Investments | 2.31B | 1.86B | 1.98B | 3.07B | 2.50B |
| Total Debt | 18.08B | 16.39B | 15.41B | 15.27B | 14.45B |
| Total Liabilities | 23.93B | 21.90B | 20.77B | 20.45B | 19.81B |
| Stockholders Equity | 12.83B | 12.64B | 12.21B | 11.77B | 11.87B |
Cash Flow | |||||
| Free Cash Flow | 654.26M | -439.48M | -584.50M | -1.01B | -1.18B |
| Operating Cash Flow | 686.73M | -57.94M | -528.78M | -639.63M | -669.14M |
| Investing Cash Flow | -286.30M | -296.43M | -16.64M | -353.94M | -1.14B |
| Financing Cash Flow | -37.41M | 358.23M | 163.41M | 1.79B | 2.32B |
China Everbright Water Technical Analysis
Negative
0.22
Price Trends
0.22
Positive
0.23
Negative
0.23
Negative
Market Momentum
<0.01
Positive
50.12
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:U9E, the sentiment is Negative. The current price of 0.22 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.22, and below the 200-day MA of 0.23, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.12 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:U9E.
China Everbright Water Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$836.06M | 9.39 | 7.15% | 4.78% | 5.25% | 11.02% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | S$422.41M | 2.99 | 6.82% | 6.75% | ― | ― | |
61 Neutral | S$10.37B | 17.44 | 18.30% | 4.74% | 7.75% | -41.04% | |
58 Neutral | S$640.54M | 4.67 | 2.22% | 7.47% | -36.35% | -23.32% | |
54 Neutral | S$300.47M | 27.50 | 1.68% | ― | 17.62% | -326.67% | |
41 Neutral | S$8.02M | -0.83 | -97.81% | ― | -50.96% | -3.70% |
* Utilities Sector Average
SG:U9E
China Everbright Water
0.23
-0.01
-5.46%
SG:BHK
SIIC Environment Holdings
0.16
<0.01
3.14%
SG:5IG
Gallant Venture
0.06
-0.03
-32.93%
SG:U96
Sembcorp Industries
5.83
-0.04
-0.61%
SG:BWM
Zheneng Jinjiang Environment Holding Co., Ltd.
0.58
0.14
33.41%
SG:TWL
Memiontec Holdings Ltd.
0.01
>-0.01
-16.67%
China Everbright Water Corporate Events
China Everbright Water Sets Interest and Principal Payment for 2023 MTNs
Jul 10, 2026
China Everbright Water will pay interest on its 2023 second tranche medium term notes on 17 July 2026, covering the period from 17 July 2025 to 16 July 2026 at an annual rate of 2.97 percent. The notes, with a principal of RMB1.5 billion, were iss...
China Everbright Water Plans RMB1.5 Billion AAA-Rated Medium-Term Notes for Bond Refinancing
Jul 9, 2026
China Everbright Water plans to issue its 2026 first tranche medium-term notes in mainland China’s inter-bank bond market, targeting institutional investors with a proposed principal amount of RMB1.5 billion. The notes will have a five-year ...
China Everbright Water Keeps Share Capital and Public Float Steady in June
Jul 2, 2026
China Everbright Water Limited reported that its authorised share capital remained unchanged in June 2026 at HKD 10 billion, comprising 10 billion ordinary shares with a par value of HKD 1. The company’s issued share capital also stayed stab...
China Everbright Water Keeps AAA Rating on Onshore Medium Term Notes
May 27, 2026
China Everbright Water has maintained a top-tier domestic credit profile, with Shanghai Brilliance Credit Rating Investors Service Co., Ltd. affirming an AAA rating for the company and each tranche of its issued medium term notes on 27 May 2026. ...
China Everbright Water Keeps Share Capital and Public Float Stable in April
May 4, 2026
China Everbright Water reported that its authorised share capital remained unchanged at HKD 10 billion as at 30 April 2026, with 10 billion ordinary shares of par value HKD 1 each. The company’s issued share capital also stayed stable at 2,8...
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.