Euro Tech Holdings Company Limited (CLWT) 10-Year Financial Performance & Capital Metrics

CLWT • • Industrial / General

IndustrialsEnvironmental ServicesEnvironmental Services & EquipmentEnvironmental Equipment & Vehicles

AboutEuro Tech Holdings Company Limited primarily distributes water treatment equipment, laboratory instruments, analyzers, test kits and related supplies, and power generation equipment to commercial customers, and governmental agencies in Hong Kong and the People's Republic of China. The company operates in two segments, Trading and Manufacturing, and Engineering. It sells analytical instruments, such as spectrophotometers, colorimeters, chromatographs, mass spectrometers, flow injector analyzers, automated sample preparation workstations, and atomic spectrometers; environmental monitoring instruments comprising air and water quality monitoring instruments; sample pre-treatment equipment; and general-purpose laboratory instruments consisting of water quality monitoring and analysis equipment. The company also distributes general testing and measuring equipment comprising multi-channel digital and analogue recorders, signal amplifiers, and calibration equipment for energy conservation, renewable energy equipment, power quality analyzers, and continuous emissions monitoring systems; and air pollution control systems to power plants, railway and aero-space industries, utilities, educational institutions, and telecommunications companies. In addition, it offers process control systems, including sensors, temperature and pressure gauges, power and energy consumption meters, flow meters, valves, temperature and pressure transmitters and control devices, and temperature and pressure calibrators, as well as moisture, power, energy, and harmonic analyzers; systems engineering services; and maintenance, installation assistance, and calibration services. Further, the company distributes programmable logic controllers, telemetry units, and supervisory control and data acquisition systems and software; and designs, operates, and manages various wastewater, water, and power generation projects. The company was founded in 1971 and is headquartered in Hong Kong, Hong Kong.Show more

Revenue $15M -14.3%
EBITDA $532K +327.4%
Net Income $734K -59.8%
EPS (Diluted) 0.10 -60.4%
Gross Margin 28.95% +34.5%
EBITDA Margin 3.46% +365.2%
Operating Margin 2.51% +280.8%
Net Margin 4.77% -53.2%
ROE 4.43% -62.1%
ROIC 2.59% +245.5%
Debt/Equity 0.01 -75.3%
Interest Coverage 386.00 +1185.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓Trading at only 0.6x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2%

5Y-2.43%

3Y-10.4%

TTM-8.29%

Profit (Net Income) CAGR

10Y16.17%

5Y-

3Y-9.46%

TTM88.66%

EPS CAGR

10Y-

5Y-

3Y-9.93%

TTM78.98%

ROCE

10Y Avg-2.49%

5Y Avg0.65%

3Y Avg1.75%

Latest2.32%

Peer Comparison

Environmental Equipment & Vehicles

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FSSFederal Signal Corporation	7.11B	116.90	33.40	8.06%	11.47%	17.84%	2.68%	0.21
CLWTEuro Tech Holdings Company Limited	9.01M	1.19	12.53	-14.25%	7.69%	15.35%	8.61%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	18.3M	22.48M	17.35M	20.1M	17.4M	13.36M	21.39M	14.95M	17.94M	15.38M
Revenue Growth %	-0.03%	0.23%	-0.23%	0.16%	-0.13%	-0.23%	0.6%	-0.3%	0.2%	-0.14%
Cost of Goods Sold+	14.26M	17.53M	12.94M	16.41M	12.98M	9.67M	15.69M	10.33M	14.08M	10.93M
COGS % of Revenue	0.78%	0.78%	0.75%	0.82%	0.75%	0.72%	0.73%	0.69%	0.78%	0.71%
Gross Profit+	4.04M	4.95M	4.41M	3.7M	4.42M	3.69M	5.7M	4.62M	3.86M	4.45M
Gross Margin %	0.22%	0.22%	0.25%	0.18%	0.25%	0.28%	0.27%	0.31%	0.22%	0.29%
Gross Profit Growth %	-0.16%	0.22%	-0.11%	-0.16%	0.19%	-0.17%	0.55%	-0.19%	-0.16%	0.15%
Operating Expenses+	6M	5.6M	4.98M	4.75M	4.85M	5.23M	4.91M	4.42M	4.11M	4.07M
OpEx % of Revenue	0.33%	0.25%	0.29%	0.24%	0.28%	0.39%	0.23%	0.3%	0.23%	0.26%
Selling, General & Admin	6M	5.6M	4.98M	4.75M	4.85M	5.37M	4.91M	4.49M	4.1M	4.07M
SG&A % of Revenue	0.33%	0.25%	0.29%	0.24%	0.28%	0.4%	0.23%	0.3%	0.23%	0.26%
Research & Development	852K	475K	163K	184K	35K	497K	61K	2.99M	4.33M	0
R&D % of Revenue	0.05%	0.02%	0.01%	0.01%	0%	0.04%	0%	0.2%	0.24%	-
Other Operating Expenses	0	0	0	0	0	-1.42M	0	-2.97M	-4.32M	1K
Operating Income+	-1.96M	-670K	-574K	-1.06M	-436K	-1.54M	1.21M	670K	-249K	386K
Operating Margin %	-0.11%	-0.03%	-0.03%	-0.05%	-0.03%	-0.12%	0.06%	0.04%	-0.01%	0.03%
Operating Income Growth %	-1.02%	0.66%	0.14%	-0.84%	0.59%	-2.54%	1.79%	-0.45%	-1.37%	2.55%
EBITDA+	-1.9M	-615K	-513K	-999K	-367K	-1.49M	1.25M	703K	-234K	532K
EBITDA Margin %	-0.1%	-0.03%	-0.03%	-0.05%	-0.02%	-0.11%	0.06%	0.05%	-0.01%	0.03%
EBITDA Growth %	-1.15%	0.68%	0.17%	-0.95%	0.63%	-3.07%	1.84%	-0.44%	-1.33%	3.27%
D&A (Non-Cash Add-back)	56K	55K	61K	60K	69K	49K	38K	33K	15K	146K
EBIT	-1.9M	-621K	406K	-366K	-306K	510K	1.28M	128K	1.7M	918K
Net Interest Income+	41K	-1K	13K	28K	79K	16K	20K	16K	30K	95K
Interest Income	45K	18K	24K	35K	83K	28K	23K	23K	37K	96K
Interest Expense	4K	19K	11K	7K	4K	12K	3K	7K	7K	1K
Other Income/Expense	54K	30K	969K	686K	263K	770K	64K	-107K	1.94M	531K
Pretax Income+	-1.9M	-640K	395K	-373K	-173K	498K	1.28M	563K	1.7M	917K
Pretax Margin %	-0.1%	-0.03%	0.02%	-0.02%	-0.01%	0.04%	0.06%	0.04%	0.09%	0.06%
Income Tax+	-47K	228K	28K	-312K	37K	96K	-90K	24K	45K	72K
Effective Tax Rate %	0.32%	-0.36%	1.2%	-0.24%	0.84%	1.54%	0.78%	0.66%	1.08%	0.8%
Net Income+	-616K	231K	473K	88K	-146K	769K	989K	369K	1.83M	734K
Net Margin %	-0.03%	0.01%	0.03%	0%	-0.01%	0.06%	0.05%	0.02%	0.1%	0.05%
Net Income Growth %	-4.76%	1.38%	1.05%	-0.81%	-2.66%	6.27%	0.29%	-0.63%	3.95%	-0.6%
Net Income (Continuing)	-1.01M	158K	367K	-61K	-210K	402K	1.37M	539K	1.65M	845K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.31M	1.18M	1.14M	956K	878K	528K	917K	1.03M	839K	951K
EPS (Diluted)+	-0.08	0.03	0.09	0.02	-0.03	0.10	0.13	0.05	0.24	0.10
EPS Growth %	-3.98%	1.37%	2.14%	-0.81%	-2.49%	4.92%	0.31%	-0.63%	4.03%	-0.6%
EPS (Basic)	-0.08	0.03	0.06	0.01	-0.03	0.10	0.13	0.05	0.24	0.10
Diluted Shares Outstanding	7.74M	7.73M	7.73M	7.73M	5.75M	7.73M	7.73M	7.73M	7.73M	7.72M
Basic Shares Outstanding	7.74M	7.73M	7.79M	7.66M	5.75M	7.73M	7.73M	7.73M	7.73M	7.72M
Dividend Payout Ratio	-	-	-	16.4%	-	1.69%	1.04%	1.26%	0.01%	0.84%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	8.51M	9.59M	9.62M	13.53M	12.01M	10.45M	11.5M	9.45M	10.54M	9.23M
Cash & Short-Term Investments	2.48M	3.75M	3.38M	5.27M	5.99M	3.52M	5.27M	5.63M	5.45M	5.8M
Cash Only	2.48M	3.75M	3.38M	5.27M	5.99M	3.52M	5.27M	5.63M	5.45M	5.8M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	4.86M	4.89M	4.11M	6.22M	4.28M	3.91M	3.93M	1.96M	3.07M	1.64M
Days Sales Outstanding	96.88	79.44	86.42	112.87	89.79	106.82	67.07	47.81	62.42	39.01
Inventory	557K	344K	496K	401K	586K	342K	547K	603K	723K	500K
Days Inventory Outstanding	14.26	7.16	13.99	8.92	16.48	12.91	12.72	21.3	18.74	16.7
Other Current Assets	772K	535K	1.26M	1.33M	658K	1.67M	1.41M	930K	1.19M	1.13M
Total Non-Current Assets+	12.76M	13.52M	14.12M	9.53M	10.2M	9.65M	9.75M	9.91M	11.57M	11.48M
Property, Plant & Equipment	773K	771K	734K	754K	1.11M	492K	453K	398K	401K	260K
Fixed Asset Turnover	23.68x	29.15x	23.64x	26.66x	15.73x	27.15x	47.21x	37.56x	44.74x	59.17x
Goodwill	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M	1.07M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	10.71M	11.49M	12.16M	7.58M	7.87M	8.08M	8.08M	8.25M	9.86M	9.95M
Other Non-Current Assets	0	0	0	0	71K	-9.65M	0	85K	144K	139K
Total Assets+	21.27M	23.1M	23.74M	23.07M	22.21M	20.09M	21.25M	19.36M	22.12M	20.71M
Asset Turnover	0.86x	0.97x	0.73x	0.87x	0.78x	0.66x	1.01x	0.77x	0.81x	0.74x
Asset Growth %	-0.1%	0.09%	0.03%	-0.03%	-0.04%	-0.1%	0.06%	-0.09%	0.14%	-0.06%
Total Current Liabilities+	4.81M	6.49M	6.63M	7.52M	6.66M	5.53M	6.41M	4.47M	5.6M	4M
Accounts Payable	3.05M	3.17M	3.68M	4.9M	3.91M	2.39M	3.15M	2.28M	3.46M	2.28M
Days Payables Outstanding	78.18	66.08	103.83	109.02	110.05	90.34	73.29	80.52	89.6	76.11
Short-Term Debt	0	720K	97K	0	565K	361K	376K	222K	154K	0
Deferred Revenue (Current)	0	1000K	1000K	1000K	900K	1000K	1000K	630K	204K	598K
Other Current Liabilities	1.42M	2.2M	2.7M	2.62M	992K	4K	1.21M	713K	454K	0
Current Ratio	1.77x	1.48x	1.45x	1.80x	1.80x	1.89x	1.80x	2.11x	1.88x	2.30x
Quick Ratio	1.65x	1.43x	1.38x	1.75x	1.72x	1.83x	1.71x	1.98x	1.76x	2.18x
Cash Conversion Cycle	32.97	20.52	-3.41	12.77	-3.78	29.38	6.5	-11.41	-8.43	-20.41
Total Non-Current Liabilities+	0	0	0	0	216K	99K	44K	87K	44K	9K
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	216K	94K	41K	87K	44K	9K
Deferred Tax Liabilities	0	0	0	0	0	5K	3K	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	4.81M	6.49M	6.63M	7.52M	6.88M	5.63M	6.45M	4.56M	5.64M	4.01M
Total Debt+	0	720K	97K	0	951K	573K	592K	422K	368K	92K
Net Debt	-2.48M	-3.03M	-3.28M	-5.27M	-5.04M	-2.95M	-4.68M	-5.21M	-5.08M	-5.71M
Debt / Equity	-	0.04x	0.01x	-	0.06x	0.04x	0.04x	0.03x	0.02x	0.01x
Debt / EBITDA	-	-	-	-	-	-	0.47x	0.60x	-	0.17x
Net Debt / EBITDA	-	-	-	-	-	-	-3.74x	-7.41x	-	-10.74x
Interest Coverage	-489.50x	-35.26x	-52.18x	-151.29x	-109.00x	-128.50x	404.00x	95.71x	-35.57x	386.00x
Total Equity+	16.46M	16.62M	17.11M	15.54M	15.34M	14.46M	14.8M	14.81M	16.48M	16.69M
Equity Growth %	-0.08%	0.01%	0.03%	-0.09%	-0.01%	-0.06%	0.02%	0%	0.11%	0.01%
Book Value per Share	2.13	2.15	2.21	2.01	2.66	1.87	1.91	1.91	2.13	2.16
Total Shareholders' Equity	15.15M	15.44M	15.97M	14.59M	14.46M	13.94M	13.88M	13.77M	15.64M	15.74M
Common Stock	123K	123K	123K	123K	123K	123K	123K	123K	123K	123K
Retained Earnings	5.14M	5.34M	5.81M	4.49M	4.35M	3.82M	3.77M	3.63M	5.48M	5.59M
Treasury Stock	-786K	-786K	-786K	-786K	-786K	-786K	-786K	-786K	-800K	-807K
Accumulated OCI	1.11M	1.21M	1.27M	1.21M	1.22M	1.17M	1.1M	1.09M	1.07M	1.06M
Minority Interest	1.31M	1.18M	1.14M	956K	878K	528K	917K	1.03M	839K	951K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.97M	153K	652K	-1.34M	-266K	-2.04M	2.2M	461K	-80K	781K
Operating CF Margin %	-0.16%	0.01%	0.04%	-0.07%	-0.02%	-0.15%	0.1%	0.03%	-0%	0.05%
Operating CF Growth %	-5.32%	1.05%	3.26%	-3.06%	0.8%	-6.65%	2.08%	-0.79%	-1.17%	10.76%
Net Income	-616K	231K	473K	88K	-146K	769K	989K	369K	1.83M	734K
Depreciation & Amortization	56K	55K	61K	60K	69K	49K	38K	33K	15K	146K
Stock-Based Compensation	16K	0	0	0	10K	54K	55K	45K	47K	12K
Deferred Taxes	25K	16K	28K	34K	37K	92K	-145K	34K	5K	41K
Other Non-Cash Items	-1.24M	-73K	-106K	-149K	-386K	-2.06M	32K	-236K	-2.1M	-287K
Working Capital Changes	-1.21M	957K	1.16M	-785K	150K	-941K	1.23M	216K	130K	135K
Change in Receivables	-232K	107K	585K	-1.28M	1.5M	387K	-432K	2.04M	-1.13M	1.41M
Change in Inventory	-14K	213K	-152K	95K	-185K	244K	-205K	-56K	-120K	223K
Change in Payables	-507K	119K	507K	1.22M	-986K	-1.52M	757K	-872K	1.12M	-1.18M
Cash from Investing+	675K	390K	272K	5.08M	-169K	2.04M	358K	232K	317K	302K
Capital Expenditures	-21K	-60K	-18K	-85K	-21K	-11K	-4K	-7K	-5K	-5K
CapEx % of Revenue	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	696K	450K	290K	279K	-148K	1.91M	1.56M	239K	322K	307K
Cash from Financing+	-20K	720K	-623K	-1.54M	565K	-1.5M	-1.02M	-618K	-82K	-778K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-1.44M	0	-1.3M	-1.03M	-464K	0	-617K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-623K	-97K	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.99M	93K	634K	-1.43M	-287K	-2.05M	2.2M	454K	-85K	776K
FCF Margin %	-0.16%	0%	0.04%	-0.07%	-0.02%	-0.15%	0.1%	0.03%	-0%	0.05%
FCF Growth %	-5.24%	1.03%	5.82%	-3.26%	0.8%	-6.13%	2.07%	-0.79%	-1.19%	10.13%
FCF per Share	-0.39	0.01	0.08	-0.18	-0.05	-0.26	0.28	0.06	-0.01	0.10
FCF Conversion (FCF/Net Income)	4.82x	0.66x	1.38x	-15.28x	1.82x	-2.65x	2.23x	1.25x	-0.04x	1.06x
Interest Paid	4K	13K	11K	0	0	0	3K	7K	7K	1K
Taxes Paid	1K	70K	203K	0	0	0	20K	42K	1K	77K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.59%	1.4%	2.8%	0.54%	-0.95%	5.16%	6.76%	2.49%	11.69%	4.43%
Return on Invested Capital (ROIC)	-10.9%	-3.65%	-3.14%	-6.59%	-3.18%	-10.6%	8.4%	5.1%	-1.78%	2.59%
Gross Margin	22.09%	22.03%	25.44%	18.4%	25.39%	27.59%	26.63%	30.89%	21.52%	28.95%
Net Margin	-3.37%	1.03%	2.73%	0.44%	-0.84%	5.76%	4.62%	2.47%	10.19%	4.77%
Debt / Equity	-	0.04x	0.01x	-	0.06x	0.04x	0.04x	0.03x	0.02x	0.01x
Interest Coverage	-489.50x	-35.26x	-52.18x	-151.29x	-109.00x	-128.50x	404.00x	95.71x	-35.57x	386.00x
FCF Conversion	4.82x	0.66x	1.38x	-15.28x	1.82x	-2.65x	2.23x	1.25x	-0.04x	1.06x
Revenue Growth	-2.76%	22.82%	-22.81%	15.87%	-13.46%	-23.23%	60.13%	-30.11%	20.01%	-14.25%

Revenue by Segment

	2012	2013	2014	2015	2016
The PRC	15.87M	12.39M	10.95M	9.33M	10.6M
The PRC Growth	-	-21.90%	-11.64%	-14.82%	13.69%
Others	267K	291K	1.7M	249K	187K
Others Growth	-	8.99%	482.47%	-85.31%	-24.90%

Revenue by Geography

	2012	2013	2014	2015	2016
Hong Kong	5.51M	5.92M	6.18M	8.73M	11.69M
Hong Kong Growth	-	7.40%	4.36%	41.27%	33.93%
The PRC	15.87M	12.39M	10.95M	9.33M	10.6M
The PRC Growth	-	-21.90%	-11.64%	-14.82%	13.69%
Others	267K	291K	1.7M	249K	187K
Others Growth	-	8.99%	482.47%	-85.31%	-24.90%

Frequently Asked Questions

Valuation & Price

Euro Tech Holdings Company Limited (CLWT) has a price-to-earnings (P/E) ratio of 12.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Euro Tech Holdings Company Limited (CLWT) reported $33.3M in revenue for fiscal year 2024. This represents a 65% increase from $20.2M in 2011.

Euro Tech Holdings Company Limited (CLWT) saw revenue decline by 14.3% over the past year.

Yes, Euro Tech Holdings Company Limited (CLWT) is profitable, generating $2.6M in net income for fiscal year 2024 (4.8% net margin).

Dividend & Returns

Yes, Euro Tech Holdings Company Limited (CLWT) pays a dividend with a yield of 6.72%. This makes it attractive for income-focused investors.

Euro Tech Holdings Company Limited (CLWT) has a return on equity (ROE) of 4.4%. This is below average, suggesting room for improvement.

Euro Tech Holdings Company Limited (CLWT) generated $0.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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