Financials Hangzhou Turbine Power Group Co., Ltd.

Equities

200771

CNE000000VS4

Heavy Electrical Equipment

End-of-day quote Shenzhen S.E. 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
6.96 HKD +0.58% Intraday chart for Hangzhou Turbine Power Group Co., Ltd. -0.43% -3.60%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,800 5,499 7,273 9,941 8,397 7,714
Enterprise Value (EV) 1 1,643 3,119 4,660 8,068 6,342 5,171
P/E ratio 11 x 15.9 x 15.6 x 15 x 15.9 x 14.9 x
Yield 3.97% 2.74% 2.59% 3.03% 3.5% 7.62%
Capitalization / Revenue 0.82 x 1.28 x 1.62 x 1.72 x 1.52 x 1.3 x
EV / Revenue 0.35 x 0.73 x 1.04 x 1.39 x 1.15 x 0.87 x
EV / EBITDA 4 x 7.97 x 8.98 x 13.1 x 11.2 x 8.35 x
EV / FCF -49.8 x 2.91 x 16.2 x -42.2 x -19.3 x 24.5 x
FCF Yield -2.01% 34.3% 6.19% -2.37% -5.19% 4.09%
Price to Book 0.63 x 0.83 x 0.87 x 1.25 x 1.01 x 0.98 x
Nbr of stocks (in thousands) 1,176,256 1,176,256 1,176,256 1,176,256 1,176,216 1,175,444
Reference price 2 3.230 4.675 6.183 8.451 7.139 6.562
Announcement Date 28/03/19 23/04/20 16/04/21 30/03/22 28/03/23 29/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,643 4,280 4,496 5,788 5,519 5,924
EBITDA 1 411 391.3 518.8 618.1 567 619.2
EBIT 1 329.5 311.3 444.5 506.1 430.9 445.8
Operating Margin 7.1% 7.27% 9.89% 8.74% 7.81% 7.52%
Earnings before Tax (EBT) 1 470.1 477.4 620.9 832.5 707.9 735.5
Net income 1 345.8 345.1 459.3 650 522.4 517.7
Net margin 7.45% 8.06% 10.22% 11.23% 9.47% 8.74%
EPS 2 0.2940 0.2934 0.3974 0.5641 0.4500 0.4400
Free Cash Flow 1 -32.98 1,071 288.3 -191.3 -329.3 211.4
FCF margin -0.71% 25.03% 6.41% -3.31% -5.97% 3.57%
FCF Conversion (EBITDA) - 273.81% 55.56% - - 34.15%
FCF Conversion (Net income) - 310.4% 62.75% - - 40.85%
Dividend per Share 2 0.1282 0.1282 0.1603 0.2564 0.2500 0.5000
Announcement Date 28/03/19 23/04/20 16/04/21 30/03/22 28/03/23 29/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,157 2,380 2,613 1,872 2,055 2,543
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -33 1,071 288 -191 -329 211
ROE (net income / shareholders' equity) 6.55% 6.32% 7.08% 8.55% 7.26% 7.64%
ROA (Net income/ Total Assets) 1.84% 1.61% 1.98% 1.93% 1.7% 1.78%
Assets 1 18,806 21,436 23,143 33,593 30,738 29,082
Book Value Per Share 2 5.110 5.620 7.070 6.740 7.080 6.720
Cash Flow per Share 2 1.070 1.400 1.600 1.380 1.660 2.380
Capex 1 482 386 378 182 273 351
Capex / Sales 10.38% 9.02% 8.4% 3.14% 4.94% 5.92%
Announcement Date 28/03/19 23/04/20 16/04/21 30/03/22 28/03/23 29/04/24
1CNY in Million2CNY
Estimates
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