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Employees: 1,926
Size China Everbright Water (U9E.SI) is a Singapore Industrials company (Environmental Services) with a market value of $462M, the 112th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.20 on 6 Nov 2026.
Performance Over six months the shares fell 12.8%, against -16.0% for the median peer and -1.2% for the Singapore market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 32.9% over the last twelve months (peer median -2.0%); the operating margin is 34.3% (peer median 7.4%).
Valuation It trades at 4.9× enterprise value to sales against a peer median of 2.9× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.3 points below its cost of capital (5.0% WACC).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$737M | S$885M | S$1.20B | S$1.13B | S$1.16B |
| Revenue growth | — | -27% | +6% | -2% | — |
| Gross profit | S$366M | S$390M | S$460M | S$477M | S$440M |
| EBITDA | S$295M | S$317M | S$372M | S$397M | S$358M |
| Net income | S$131M | S$139M | S$179M | S$201M | S$174M |
| Free cash flow | S$92.7M | S$107M | -S$117M | -S$187M | -S$212M |
| Capital expenditure | S$26.1M | S$57.0M | S$67.1M | S$9.42M | S$64.0M |
| Total debt | n/a | S$2.99B | S$3.02B | S$2.74B | S$2.76B |
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 | U9E.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.4% | -6.6% | 7th highest of 21 |
| 6-month return | -12.8% | -16.0% | 9th highest of 21 |
| Distance from 52-week high | -25.4% | -33.0% | 8th highest of 21 |
| Revenue growth (TTM) | -32.9% | -2.0% | lowest of 21 |
| Operating margin | 34.3% | 7.4% | 2nd highest of 21 |
| EV / Sales | 4.9× | 2.9× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.4% | -3.6% | 6th most demanding of 13 |
| Growth delivered (Del g) | -1.7% | +3.2% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | +0.3 pp | -3.1 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | -1.3 pp | -2.2 pp | 8th highest of 21 |
| EV / EBITDA | 12.4× | 11.9× | 6th cheapest of 11 |
| Net debt / EBITDA | 9.5× | 3.3× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Everbright Water U9E.SI | Singapore | $462M | -13% | -33% | 34% | 4.9× | -1.4% | -1.7% |
| WELLE 300190.SZ | China | $471M | -21% | -17% | -9% | 2.9× | -8.9% | -12.5% |
| BGT 300774.SZ | China | $475M | -52% | +3% | 4% | 4.3× | n/a | n/a |
| Dongjiang Environmental 002672.SZ | China | $478M | -24% | -4% | -31% | 2.5× | 3.1% | +0.9% |
| Fujian Haixia Environmental Protection 603817.SS | China | $480M | -24% | -1% | 26% | 3.4× | n/a | n/a |
| Yonker Environmental Protection 300187.SZ | China | $428M | -22% | +5% | 11% | 4.7× | 9.0% | +1.5% |
| Shanghai Conglin Environmental Protection Technology 688370.SS | China | $499M | -3% | -4% | 7% | 4.5× | n/a | n/a |
| Jinyuan EP 000546.SZ | China | $510M | -49% | +34% | -3% | 0.3× | n/a | n/a |
| Wuhan Sanzhen Industry 600168.SS | China | $539M | -13% | -3% | 8% | 4.4× | n/a | n/a |
| ECOVE Environment 6803.TWO | Taiwan | $545M | -12% | +6% | 18% | 2.1× | -4.5% | +11.4% |
| Cambi CAMBI.OL | Norway | $390M | +7% | -9% | 11% | 3.4× | 0.1% | +23.8% |
| Mo-BRUK MBR.WA | Poland | $365M | +15% | +29% | 35% | 4.2× | -6.8% | +12.4% |
| Tus Environmental Science & Technology Development 000826.SZ | China | $364M | -13% | -13% | -38% | 2.9× | -2.7% | -11.7% |
| Zhejiang Feida Environmental Science & Technology 600526.SS | China | $596M | -18% | +3% | 7% | 1.1× | -5.3% | +9.5% |
| SIIC Environment BHK.SI | Singapore | $327M | -10% | -8% | 23% | 3.9× | n/a | n/a |
| QiaoYin City Management 002973.SZ | China | $661M | -14% | -12% | 10% | 2.5× | 8.9% | +4.9% |
| Jiangxi JDL Environmental Protection 688057.SS | China | $662M | +28% | -22% | -6% | 9.0× | -5.3% | -19.8% |
| Enviro Infra Engineers EIEL.NS | India | $319M | -22% | +15% | 20% | 2.4× | n/a | n/a |
| Seche Environnement SCHP.PA | France | $689M | -7% | +2% | 6% | 1.2× | 4.8% | +13.3% |
| China Resources and Environment 600217.SS | China | $719M | -24% | -19% | -8% | 2.0× | -13.6% | -2.2% |
| Shenzhen Lions King Hi-Tech 301305.SZ | China | $758M | -22% | +19% | 18% | 2.9× | n/a | n/a |