Financials Shandong Xinchao Energy Corporation Limited

Equities

600777

CNE000000NJ0

Oil & Gas Exploration and Production

End-of-day quote Shanghai S.E. 23:00:00 26/06/2024 BST 5-day change 1st Jan Change
1.81 CNY -0.55% Intraday chart for Shandong Xinchao Energy Corporation Limited +1.12% -40.85%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 12,989 14,281 10,473 15,505 14,825 20,810
Enterprise Value (EV) 1 18,457 21,880 17,334 24,467 21,153 25,499
P/E ratio 21.6 x 13.2 x -3.94 x 42.5 x 4.74 x 8.02 x
Yield - - - - - -
Capitalization / Revenue 2.86 x 2.45 x 2.63 x 3.41 x 1.68 x 2.47 x
EV / Revenue 4.07 x 3.76 x 4.35 x 5.39 x 2.39 x 3.02 x
EV / EBITDA 7.46 x 5.28 x 6.38 x 6.83 x 2.83 x 3.8 x
EV / FCF -5.77 x -11.3 x 19.6 x -13.1 x 9.02 x -256 x
FCF Yield -17.3% -8.86% 5.1% -7.66% 11.1% -0.39%
Price to Book 0.88 x 0.89 x 0.84 x 1.27 x 0.88 x 1.03 x
Nbr of stocks (in thousands) 6,800,496 6,800,496 6,800,496 6,800,496 6,800,496 6,800,496
Reference price 2 1.910 2.100 1.540 2.280 2.180 3.060
Announcement Date 26/04/19 30/03/20 29/04/21 29/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,537 5,819 3,987 4,541 8,837 8,434
EBITDA 1 2,475 4,147 2,719 3,581 7,474 6,718
EBIT 1 1,042 2,080 -2,601 1,641 5,068 3,650
Operating Margin 22.98% 35.74% -65.24% 36.15% 57.34% 43.28%
Earnings before Tax (EBT) 1 1,115 1,383 -3,154 599.8 4,109 3,298
Net income 1 600.7 1,078 -2,656 365.2 3,128 2,596
Net margin 13.24% 18.52% -66.62% 8.04% 35.4% 30.78%
EPS 2 0.0883 0.1585 -0.3906 0.0537 0.4600 0.3817
Free Cash Flow 1 -3,198 -1,939 883.8 -1,873 2,346 -99.7
FCF margin -70.49% -33.32% 22.17% -41.25% 26.55% -1.18%
FCF Conversion (EBITDA) - - 32.51% - 31.39% -
FCF Conversion (Net income) - - - - 75.01% -
Dividend per Share - - - - - -
Announcement Date 26/04/19 30/03/20 29/04/21 29/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,468 7,599 6,861 8,962 6,328 4,689
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.209 x 1.833 x 2.524 x 2.502 x 0.8467 x 0.698 x
Free Cash Flow 1 -3,198 -1,939 884 -1,873 2,346 -99.7
ROE (net income / shareholders' equity) 4.23% 6.97% -18.6% 2.96% 21.5% 14%
ROA (Net income/ Total Assets) 2.92% 4.89% -6.35% 4.19% 11% 7.03%
Assets 1 20,590 22,050 41,803 8,708 28,401 36,924
Book Value Per Share 2 2.180 2.370 1.830 1.800 2.480 2.960
Cash Flow per Share 2 0.0600 0.1200 0.1200 0.1200 0.2200 0.3500
Capex 1 6,331 5,078 1,851 4,897 3,655 4,576
Capex / Sales 139.56% 87.27% 46.42% 107.83% 41.36% 54.26%
Announcement Date 26/04/19 30/03/20 29/04/21 29/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates
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