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Employees: 2,514
Size Zheneng Jinjiang Environment (BWM.SI) is a Singapore Utilities company (Electric Utilities) with a market value of $786M, the 87th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.69 on 6 Nov 2026.
Performance Over six months the shares gained 13.1%, against -24.9% for the median peer and -1.2% for the Singapore market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median +2.4%); the operating margin is 32.9% (peer median 6.2%).
Valuation It trades at 4.1× enterprise value to sales against a peer median of 2.4× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$734M | S$688M | S$693M | S$711M | S$834M |
| Revenue growth | — | -1% | -3% | -15% | — |
| Gross profit | S$269M | S$254M | S$248M | S$214M | S$237M |
| EBITDA | S$400M | S$373M | S$357M | S$290M | S$331M |
| Net income | S$150M | S$132M | S$115M | S$53.4M | S$66.6M |
| Free cash flow | S$32.6M | -S$38.3M | -S$66.6M | -S$10.5M | -S$17.8M |
| Capital expenditure | S$202M | S$256M | S$228M | S$178M | S$218M |
| Total debt | n/a | S$2.24B | S$2.29B | S$2.10B | S$2.17B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BWM.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.7% | -9.3% | 2nd highest of 21 |
| 6-month return | +13.1% | -24.9% | highest of 21 |
| Distance from 52-week high | -1.4% | -42.9% | highest of 21 |
| Revenue growth (TTM) | +5.2% | +2.4% | 9th highest of 21 |
| Operating margin | 32.9% | 6.2% | highest of 21 |
| EV / Sales | 4.1× | 2.4× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -3.0% | 4.9% | 5th least demanding of 15 |
| Growth delivered (Del g) | +2.2% | +9.2% | 6th lowest of 15 |
| Hurdle (Req g minus delivered) | -5.2 pp | +1.0 pp | 4th least demanding of 15 |
| ROIC minus cost of capital | +0.5 pp | -1.2 pp | 7th highest of 21 |
| EV / EBITDA | 7.6× | 7.9× | 4th cheapest of 8 |
| Net debt / EBITDA | 5.0× | 0.9× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zheneng Jinjiang Environment BWM.SI | Singapore | $786M | +13% | +5% | 33% | 4.1× | -3.0% | +2.2% |
| Leshan Electric Power 600644.SS | China | $779M | -27% | 0% | -1% | 1.8× | 15.8% | +8.3% |
| Swan SWANCORP.NS | India | $799M | -32% | -17% | -9% | 2.4× | n/a | n/a |
| Reliance Power RPOWER.NS | India | $806M | -37% | +3% | 20% | 1.0× | -4.9% | -0.5% |
| Guangzhou Hengyun Enterprises 000531.SZ | China | $817M | -26% | 0% | -2% | 3.6× | n/a | n/a |
| Guangdong Meiyan Jixiang Hydropower 600868.SS | China | $752M | -23% | +60% | -32% | 9.9× | 18.3% | +15.3% |
| Ningbo Energy Group Co., Ltd 600982.SS | China | $748M | -24% | +9% | 9% | 3.6× | 5.0% | -6.9% |
| Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR EDN | United States | $738M | -40% | +2% | 6% | 0.4× | n/a | n/a |
| Fujian Mindong Electric Power 000993.SZ | China | $846M | +1% | -18% | 5% | 10.8× | 14.7% | +10.1% |
| Zhejiang Fuchunjiang Environmental Thermoelectric 002479.SZ | China | $704M | -2% | +26% | 9% | 1.0× | -10.7% | +2.9% |
| 2G Energy 2GB.DE | Germany | $885M | -25% | -12% | 6% | 2.1× | 18.5% | +10.1% |
| Guangdong Shaoneng 000601.SZ | China | $887M | -15% | +6% | 7% | 2.5× | -0.4% | -0.7% |
| China Datang Corp. Renewable Power 1798.HK | Hong Kong | $904M | -42% | -6% | 21% | 8.3× | n/a | n/a |
| Sichuan Guangan AAA Public 600979.SS | China | $670M | -28% | +4% | -5% | 3.0× | n/a | n/a |
| Telecom Plus TEP.L | United Kingdom | $922M | -15% | +6% | 6% | 0.4× | -8.6% | +17.6% |
| Ning Xia Yin Xing Energy 000862.SZ | China | $665M | -25% | -8% | 0% | 4.3× | -1.4% | +1.7% |
| Guangxi Energy 600310.SS | China | $939M | -14% | +11% | 16% | 5.5× | 4.8% | -27.7% |
| Hengsheng Energy 605580.SS | China | $653M | -28% | +30% | 19% | 4.5× | 15.7% | +14.1% |
| Sichuan Mingxing Electric Power 600101.SS | China | $620M | -23% | +2% | 6% | 1.1× | n/a | n/a |
| Jaiprakash Power Ventures JPPOWER.NS | India | $1.01B | -29% | +6% | 21% | 2.3× | 9.9% | +11.0% |
| Top Energy Co. Ltd. Shanxi 600780.SS | China | $1.02B | -13% | 0% | 5% | 0.5× | -15.1% | +10.2% |