Financials CHN Energy Changyuan Electric Power Co.,Ltd.

Equities

000966

CNE0000011X1

Electric Utilities

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
4.72 CNY +0.21% Intraday chart for CHN Energy Changyuan Electric Power Co.,Ltd. +6.79% +6.55%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,154 4,455 18,689 12,729 12,180 12,977 - -
Enterprise Value (EV) 1 5,154 4,455 18,689 12,729 12,180 12,977 12,977 12,977
P/E ratio 8.99 x 12.6 x -740 x - 34.9 x 12.8 x 9.83 x 7.61 x
Yield - - - - - - - -
Capitalization / Revenue 0.7 x - 1.54 x 0.87 x 0.84 x 0.78 x 0.71 x 0.64 x
EV / Revenue 0.7 x - 1.54 x 0.87 x 0.84 x 0.78 x 0.71 x 0.64 x
EV / EBITDA 3.71 x - 18.8 x - 6.28 x 3.72 x 3.04 x 2.48 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.24 x - 1.98 x - 1.22 x 1.19 x 1.1 x 0.99 x
Nbr of stocks (in thousands) 1,108,284 1,108,284 2,549,660 2,749,328 2,749,328 2,749,328 - -
Reference price 2 4.650 4.020 7.330 4.630 4.430 4.720 4.720 4.720
Announcement Date 09/04/20 19/03/21 14/04/22 14/04/23 13/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,366 - 12,164 14,662 14,457 16,697 18,341 20,381
EBITDA 1 1,391 - 994.9 - 1,939 3,485 4,270 5,238
EBIT 1 816.2 - -83.66 - 509.6 1,410 1,834 2,397
Operating Margin 11.08% - -0.69% - 3.52% 8.44% 10% 11.76%
Earnings before Tax (EBT) 1 834.8 - -52.91 - 513.9 1,414 1,839 2,402
Net income 1 573 354.2 -25.35 122.8 349.1 1,005 1,307 1,707
Net margin 7.78% - -0.21% 0.84% 2.41% 6.02% 7.13% 8.38%
EPS 2 0.5170 0.3196 -0.009900 - 0.1270 0.3700 0.4800 0.6200
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 09/04/20 19/03/21 14/04/22 14/04/23 13/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 -306.1 79.98
Net margin - -
EPS - -
Dividend per Share - -
Announcement Date 14/04/22 28/04/22
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 14.9% 8.51% -0.29% - 3.57% 9.41% 11.2% 13.1%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 3.760 - 3.710 - 3.620 3.950 4.310 4.790
Cash Flow per Share 2 1.490 - 0.2600 - 0.8500 1.170 1.250 1.700
Capex 1 580 - 1,713 - 6,862 5,063 5,489 6,796
Capex / Sales 7.87% - 14.08% - 47.47% 30.32% 29.93% 33.34%
Announcement Date 09/04/20 19/03/21 14/04/22 14/04/23 13/04/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
4.72 CNY
Average target price
4.93 CNY
Spread / Average Target
+4.45%
Consensus

Annual profits - Rate of surprise

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