Stock 1798 CHINA DATANG CORPORATION RENEWABLE POWER CO., LIMITED
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Financials China Datang Corporation Renewable Power Co., Limited

Equities

1798

CNE100000X69

Independent Power Producers

Market Closed - Hong Kong S.E.
Other stock markets
 09:08:20 26/04/2024 BST 		5-day change 1st Jan Change
1.65 HKD +0.61% Intraday chart for China Datang Corporation Renewable Power Co., Limited +1.85% -8.33%
04-17 Datang Renewable to Vote May 9 on Capital Injection Proposal MT
04-09 China Datang Renewable Power To Pay Interest on Mid-Term Notes MT

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 6,004 5,135 7,469 21,277 14,839 11,110 11,110 -
Enterprise Value (EV) 1 52,778 58,399 58,742 76,015 66,977 11,900 69,310 112,611
P/E ratio 5.49 x 6.26 x 8.05 x 16.2 x 5.07 x 5.31 x 4.36 x 3.86 x
Yield 2.42% 4.25% 2.92% 1.03% 2.45% 3.16% 4.79% 5.01%
Capitalization / Revenue 0.72 x 0.62 x 0.8 x 1.83 x 1.19 x 0.93 x 0.83 x 0.7 x
EV / Revenue 6.34 x 7.02 x 6.27 x 6.54 x 5.36 x 0.93 x 5.18 x 7.08 x
EV / EBITDA 7.35 x 8.23 x 7.66 x 8.43 x 5.98 x 1.12 x 6.26 x 9.52 x
EV / FCF 331 x -59.9 x -15.7 x -34.4 x 10.7 x -84.1 x -61.9 x 2,396 x
FCF Yield 0.3% -1.67% -6.38% -2.91% 9.34% -1.19% -1.61% 0.04%
Price to Book 0.49 x 0.46 x 0.31 x 0.78 x 0.49 x 0.6 x 0.55 x 0.48 x
Nbr of stocks (in thousands) 7,273,701 7,273,701 7,273,701 7,273,701 7,273,701 7,273,701 7,273,701 -
Reference price 2 0.8254 0.7060 1.027 2.925 2.040 1.527 1.527 1.527
Announcement Date 27/03/19 30/03/20 30/03/21 30/03/22 28/03/23 26/03/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 8,319 8,325 9,372 11,625 12,499 12,802 13,370 15,898
EBITDA 1 7,182 7,092 7,670 9,016 11,206 10,602 11,065 11,830
EBIT 1 3,785 3,527 3,922 4,571 6,207 5,307 5,741 6,129
Operating Margin 45.5% 42.36% 41.85% 39.32% 49.66% 41.45% 42.94% 38.55%
Earnings before Tax (EBT) 1 1,729 1,440 1,879 2,462 4,344 3,623 4,027 4,472
Net income 1 1,209 936.4 1,187 1,311 2,929 2,240 2,751 3,022
Net margin 14.54% 11.25% 12.66% 11.27% 23.43% 17.49% 20.57% 19.01%
EPS 2 0.1503 0.1128 0.1275 0.1802 0.4027 0.3079 0.3500 0.3954
Free Cash Flow 1 159.6 -974.5 -3,748 -2,210 6,257 -794 -1,119 47
FCF margin 1.92% -11.71% -39.99% -19.01% 50.06% -6.06% -8.37% 0.3%
FCF Conversion (EBITDA) 2.22% - - - 55.83% - - 0.4%
FCF Conversion (Net income) 13.19% - - - 213.62% - - 1.56%
Dividend per Share 2 0.0200 0.0300 0.0300 0.0300 0.0500 0.0483 0.0731 0.0765
Announcement Date 27/03/19 30/03/20 30/03/21 30/03/22 28/03/23 26/03/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2020 S1 2021 S1 2024 Q1
Net sales 4,492 4,822 - -
EBITDA - - - -
EBIT 2,280 2,525 - -
Operating Margin 50.75% 52.37% - -
Earnings before Tax (EBT) 1,230 1,450 - -
Net income 1 883.3 991.8 1,412 1,100
Net margin 19.66% 20.57% - -
EPS - - - -
Dividend per Share - - - -
Announcement Date 27/08/19 25/08/20 24/08/21 -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 46,775 53,263 51,274 54,738 52,138 55,646 58,200 101,502
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.512 x 7.51 x 6.685 x 6.071 x 4.653 x 4.92 x 5.26 x 8.58 x
Free Cash Flow 1 160 -975 -3,748 -2,210 6,257 -794 -1,119 47
ROE (net income / shareholders' equity) 10.2% 8.02% 6.76% 7.13% 10% 13.9% 10.8% 11.8%
ROA (Net income/ Total Assets) 1.67% 1.21% 1.4% 1.93% 2.93% 2.8% 2.55% 2.67%
Assets 1 72,481 77,219 84,966 67,816 99,910 101,536 107,751 113,371
Book Value Per Share 2 1.690 1.520 3.300 3.740 4.150 2.540 2.780 3.170
Cash Flow per Share 2 0.7300 0.7400 0.7500 0.8300 1.820 1.220 1.260 1.880
Capex 1 5,146 6,349 9,238 8,212 6,975 9,845 8,886 9,230
Capex / Sales 61.86% 76.27% 98.57% 70.64% 55.8% 75.08% 66.46% 58.06%
Announcement Date 27/03/19 30/03/20 30/03/21 30/03/22 28/03/23 26/03/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for China Datang Corporation Renewable Power Co., Limited

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
1.527 CNY
Average target price
1.831 CNY
Spread / Average Target
+19.89%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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