China Everbright Ltd CEVIY

FinancialsInvestment Banking & Investment ServicesHong Kong

Last close 5.40 USD on Nov 1, 2026, 0.0% year to date

Quant rating

Quant rating D Rank 302 of 304 in Financials

Growth D 230 of 304
Valuation D 243 of 304
Quality D 271 of 304
Revisions D 252 of 304
Momentum D 283 of 304

Wall Street consensus Strong Buy (1.50)Average target 1.13 USD −79.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.1B
Enterprise value: 2.4B
52-week range: – – –
3-year range: 4.18 – 6.44
Dividend yield: –
Beta (5 years): –
Shares outstanding: 1,685M
Next earnings: Mar 24, 2027

About the company

China Everbright Ltd is an investment holding principally engaged in the investment and financial services. The Company operates its business through two segments. The Fund Management Business segment is comprised of primary market investment, secondary market investment and Fund of Funds (FoF) investment. This segment mainly operates equity securities and derivatives investment, asset management and fund investment. The Principal Investments Business segment include key investee companies investments, financial investments and cornerstone investments. The key investee companies investments focusing on aircraft leasing, artificial intelligence of things (AIoT) and elderly care industry platforms. The financial investments focusing on investing in equity, debts, structured products. The cornerstone investments mainly holds stake in China Everbright Bank Co Ltd and Everbright Securities Co Ltd.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	170	45.8	38.8	−648	635	–
Revenue growth	270.6%	18.1%	106.0%	−202.0%	7.6%	−22.1%
EPS (basic, normalized)	−0.15	–	–	–	0.20	–
EPS growth	–	–	–	–	–	–
Gross margin	–	–	–	–	–	–
Net margin	−152.1%	−536.9%	−635.1%	–	52.0%	−318.0%
ROE	–	–	–	–	5.6%	5.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	170	+270.6%	14.4x	2.08	–	2.6x	−0.15	–	−35.5x
2026	198	+17.0%	12.3x	1.92	−7.4%	2.8x	−0.13	+13.7%	−41.1x
2027	239	+20.4%	10.2x	1.96	+1.9%	2.8x	0.03	+124.3%	169.5x
2028	646	+170.3%	3.8x	3.16	+61.1%	1.7x	0.18	+453.0%	30.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	198	−43.3%	−60.4%	−68.4%	−0.13	−1,187.5%	−218.4%	−188.0%
2027	239	−40.3%	−57.5%	−57.5%	0.03	−62.4%	−76.9%	−76.9%
2028	646	0.0%	0.0%	0.0%	0.18	0.0%	0.0%	0.0%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Investment Banking & Investment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
CEVIY China Everbright Ltd	1.1B	–	−152.1%	0.26x	−41.1x	169.5x	–	–
MSDL Morgan Stanley Direct Lending Fund	1.2B	–	30.7%	0.71x	7.7x	7.7x	–	–
CYB Cymbria Corp	1.1B	–	82.2%	1.04x	–	–	–	–
CF Canaccord Genuity Group Inc.	1.0B	0.33x	−6.4%	1.81x	10.2x	9.7x	–	–
RPC Ridgepost Capital Inc	1.0B	–	6.6%	2.77x	9.2x	8.1x	11.5x	9.0x
OPY Oppenheimer Holdings Inc.	914M	–	9.1%	0.94x	–	–	–	–
Mean		0.33x	−5.0%	1.25x	−3.5x	48.8x	11.5x	9.0x
Median		0.33x	7.8%	0.99x	8.5x	8.9x	11.5x	9.0x

Technical analysis

1M–
3M–
1Y0.0%
3Y−8.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, China Everbright Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	170	45.8	38.8	−648	635	589
Cost of revenue	–	–	–	–	–	–
Gross profit	170	45.8	38.8	−648	635	589
Selling, general & administrative expenses	254	89.3	143	101	5.2	1.9
Research & development	–	–	–	–	–	–
Depreciation/amortization	5.9	6.5	7.0	8.5	–	–
Interest expense (income), operating	36.1	7.8	−97.1	22.4	44.3	2.8
Unusual expense (income)	0	0.7	8.2	145	47.9	−16.8
Other operating expenses	27.0	44.7	15.8	120	128	129
Operating income	−153	−103	−38.2	−1,043	409	472
Net interest income (expense)	−59.5	−177	−178	−60.9	45.0	−58.8
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	−213	−280	−216	−1,104	454	413
Provision for taxes	10.0	−40.3	9.8	−118	98.5	122
Minority interest	−24.4	4.5	−8.0	44.3	−14.2	2.9
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−247	−236	−234	−942	341	294
Extraordinary items	–	–	–	–	–	–
Net income	−247	−236	−234	−942	341	294
EBIT, normalized	−117	−94.7	−127	−876	501	458
EBITDA, normalized	−111	−88.2	−120	−868	510	469
Basic EPS, normalized	−0.15	–	–	–	0.20	–

Balance sheet in millions of USD, fiscal years

Balance sheet, China Everbright Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	2,179	2,116	2,147	1,821	1,861	2,005
Receivables	365	370	436	447	461	361
Total inventory	186	190	196	177	224	224
Prepaid expenses	–	–	–	–	–	–
Other current assets	223	227	214	301	218	265
Total current assets	2,953	2,903	2,992	2,746	2,764	2,854
Property, plant & equipment	60.3	58.7	59.4	66.8	76.6	77.4
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	6,468	6,653	7,140	7,956	10,153	9,565
Note receivable	–	–	0	48.6	63.6	12.1
Other long-term assets	0	0	0	0	0	0
Total assets	9,481	9,615	10,192	10,817	13,057	12,509
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	372	331	379	451	415	437
Accrued expenses	–	–	–	–	–	–
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	1,503	1,617	2,187	1,849	2,018	1,867
Other current liabilities	237	192	166	200	169	300
Total current liabilities	2,112	2,140	2,732	2,500	2,603	2,604
Long-term debt	2,313	2,266	1,965	2,374	2,474	2,224
Minority interest	114	91.9	116	134	226	213
Other liabilities	927	1,006	1,128	1,093	1,434	1,305
Total liabilities	5,465	5,504	5,941	6,101	6,736	6,346
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1,236	1,238	1,232	1,232	1,234	1,241
Additional paid-in capital	0.2	0.2	0.2	0.2	0.2	0.2
Retained earnings (accumulated deficit)	1,954	2,238	2,504	2,817	3,873	3,699
Treasury stock	–	–	–	–	–	–
Other equity	826	635	516	667	1,214	1,223
Total equity	4,016	4,111	4,252	4,716	6,321	6,163
Total liabilities & shareholders' equity	9,481	9,615	10,192	10,817	13,057	12,509

Cash flow statement in millions of USD, fiscal years

Cash flow statement, China Everbright Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−213	−280	−216	−1,104	454	413
Depreciation, depletion & amortization	5.9	6.5	7.0	8.5	8.6	10.4
Deferred taxes	–	–	–	–	–	–
Non-cash items	244	183	94.8	281	−9.5	−13.0
Changes in working capital	33.1	308	521	1,335	−903	−403
Cash from operations	70.1	218	407	520	−450	8.1
Investing activities
Capital expenditures	−0.2	−1.9	−0.6	−0.6	−0.5	−2.3
Other investing cash flows	1.9	144	219	42.8	62.4	239
Cash from investing	1.7	142	218	42.2	61.9	236
Financing activities
Financing cash flow items	74.2	−190	−286	−176	−107	136
Cash dividends paid	−21.7	−32.5	−64.7	−97.1	−136	−80.4
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−130	−242	−48.3	−83.2	361	−45.0
Cash from financing	−78.0	−465	−399	−356	119	10.1
Foreign exchange effects	16.9	−42.1	−23.4	−71.1	17.1	5.6
Net change in cash	10.7	−147	203	135	−252	260
Free cash flow	69.9	216	406	519	−450	5.9

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.