GCL NEW ENERGY HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.325 HKD | +1.56% |
|
+8.33% | -12.16% |
| 04-23 | GCL New Energy Narrows Loss in 2023 | MT |
| 04-01 | China power firm GCL revives LNG ambition after solar spin-off | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,941 | 2,693 | 5,057 | 4,087 | 1,320 | 392.6 |
| Enterprise Value (EV) 1 | 43,394 | 39,021 | 33,075 | 10,113 | 5,040 | 389 |
| P/E ratio | 10.7 x | 9.17 x | -3.7 x | -5.09 x | -0.83 x | -0.34 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.88 x | 0.45 x | 1.02 x | 1.44 x | 1.42 x | 0.47 x |
| EV / Revenue | 7.7 x | 6.45 x | 6.7 x | 3.55 x | 5.42 x | 0.47 x |
| EV / EBITDA | 9.38 x | 7.96 x | 8.36 x | 5.2 x | 30.6 x | 1.99 x |
| EV / FCF | -5.74 x | -7.73 x | -5.72 x | -5.76 x | 3.78 x | 0.25 x |
| FCF Yield | -17.4% | -12.9% | -17.5% | -17.4% | 26.5% | 404% |
| Price to Book | 0.81 x | 0.42 x | 1 x | 0.94 x | 0.41 x | 0.19 x |
| Nbr of stocks (in thousands) | 953,686 | 953,686 | 953,686 | 1,053,686 | 1,167,436 | 1,167,436 |
| Reference price 2 | 5.181 | 2.824 | 5.302 | 3.879 | 1.130 | 0.3363 |
| Announcement Date | 25/04/19 | 29/04/20 | 21/04/21 | 26/04/22 | 28/04/23 | 22/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,632 | 6,052 | 4,935 | 2,845 | 929.1 | 831.5 |
| EBITDA 1 | 4,625 | 4,901 | 3,957 | 1,945 | 164.5 | 195.4 |
| EBIT 1 | 3,115 | 3,259 | 2,594 | 1,095 | -121.4 | -43.98 |
| Operating Margin | 55.31% | 53.85% | 52.56% | 38.47% | -13.07% | -5.29% |
| Earnings before Tax (EBT) 1 | 755.9 | 782.3 | -1,062 | -514.7 | -1,269 | -948.9 |
| Net income 1 | 469.7 | 294.7 | -1,368 | -790.3 | -1,493 | -1,166 |
| Net margin | 8.34% | 4.87% | -27.73% | -27.78% | -160.65% | -140.18% |
| EPS 2 | 0.4841 | 0.3080 | -1.435 | -0.7620 | -1.356 | -0.9985 |
| Free Cash Flow 1 | -7,562 | -5,051 | -5,786 | -1,757 | 1,333 | 1,573 |
| FCF margin | -134.26% | -83.46% | -117.23% | -61.76% | 143.52% | 189.11% |
| FCF Conversion (EBITDA) | - | - | - | - | 810.69% | 804.56% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 25/04/19 | 29/04/20 | 21/04/21 | 26/04/22 | 28/04/23 | 22/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 38,453 | 36,328 | 28,018 | 6,026 | 3,720 | - |
| Net Cash position 1 | - | - | - | - | - | 3.59 |
| Leverage (Debt/EBITDA) | 8.313 x | 7.412 x | 7.08 x | 3.098 x | 22.62 x | - |
| Free Cash Flow 1 | -7,562 | -5,051 | -5,786 | -1,757 | 1,333 | 1,573 |
| ROE (net income / shareholders' equity) | 8.1% | 6.15% | -13.2% | -7.25% | -19.9% | -17.6% |
| ROA (Net income/ Total Assets) | 3.34% | 3.52% | 3.26% | 2.24% | -0.54% | -0.29% |
| Assets 1 | 14,066 | 8,363 | -41,974 | -35,208 | 276,193 | 395,938 |
| Book Value Per Share 2 | 6.430 | 6.760 | 5.280 | 4.140 | 2.750 | 1.760 |
| Cash Flow per Share 2 | 1.430 | 1.130 | 1.200 | 0.5600 | 0.6800 | 0.4800 |
| Capex 1 | 8,190 | 3,606 | 1,343 | 2,960 | 697 | 516 |
| Capex / Sales | 145.4% | 59.59% | 27.22% | 104.06% | 74.99% | 62.06% |
| Announcement Date | 25/04/19 | 29/04/20 | 21/04/21 | 26/04/22 | 28/04/23 | 22/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -12.16% | 48.51M | |
| +525.96% | 3.1B | |
| -7.53% | 2.79B | |
| -2.12% | 1.63B | |
| -19.70% | 920M | |
| -5.83% | 889M | |
| -21.76% | 626M | |
| -43.48% | 587M | |
| -9.72% | 560M | |
| +58.56% | 535M |
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