Financials Shanghai Electric Group Co., Ltd. Shanghai S.E.

Equities

601727

CNE100000D55

Heavy Electrical Equipment

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
4.31 CNY -5.07% Intraday chart for Shanghai Electric Group Co., Ltd. -3.15% +3.36%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 67,438 71,615 67,800 54,330 57,175 58,633 - -
Enterprise Value (EV) 1 91,231 91,530 88,887 68,163 73,824 33,890 30,780 58,633
P/E ratio 9.15 x 8.35 x -3.03 x - - 6.31 x 6.19 x 55.1 x
Yield - 3.58% - - - 4.05% 4.05% 0.56%
Capitalization / Revenue 0.53 x 0.52 x 0.52 x 0.46 x 0.5 x 0.5 x 0.43 x 0.47 x
EV / Revenue 0.72 x 0.67 x 0.68 x 0.58 x 0.65 x 0.29 x 0.22 x 0.47 x
EV / EBITDA 9.8 x 10.5 x -10.3 x 93.1 x 11.1 x 5.02 x 4.07 x 9.92 x
EV / FCF -6,332,702 x - - - - - - -
FCF Yield -0% - - - - - - -
Price to Book 0.54 x 0.46 x 0.52 x - - 0.39 x 0.37 x -
Nbr of stocks (in thousands) 15,152,462 15,107,223 15,705,971 15,579,809 15,579,809 15,579,809 - -
Reference price 2 2.288 2.003 1.939 1.554 1.482 1.481 1.481 1.481
Announcement Date 31/03/20 26/03/21 30/03/22 29/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 126,648 136,540 130,681 116,986 114,218 117,363 137,690 126,050
EBITDA 1 9,306 8,721 -8,645 732.2 6,658 6,749 7,558 5,911
EBIT 1 6,928 6,063 -10,838 -2,024 3,355 6,472 7,786 2,099
Operating Margin 5.47% 4.44% -8.29% -1.73% 2.94% 5.51% 5.65% 1.66%
Earnings before Tax (EBT) 1 7,092 6,346 -10,290 -1,975 3,295 6,003 7,262 1,873
Net income 1 3,501 3,758 -9,988 -3,566 285.2 2,757 3,067 430.1
Net margin 2.76% 2.75% -7.64% -3.05% 0.25% 2.35% 2.23% 0.34%
EPS 2 0.2500 0.2400 -0.6400 - - 0.2346 0.2393 0.0269
Free Cash Flow -14,406 - - - - - - -
FCF margin -11.38% - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.0718 - - - 0.0600 0.0600 0.008280
Announcement Date 31/03/20 26/03/21 30/03/22 29/03/23 28/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales - - - - - - - - - - -
EBITDA - - - - - - - - - - -
EBIT - - - - - - - - - - -
Operating Margin - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income - - - - - - - - - - -
Net margin - - - - - - - - - - -
EPS 1 -0.3487 0.000800 -0.0608 -0.0272 0.0235 0.0165 0.0100 0.002100 0.0200 0.0200 0.1200
Dividend per Share - - - - - - - - - - -
Announcement Date 30/03/22 29/04/22 29/08/22 28/10/22 25/04/23 30/08/23 30/10/23 29/04/24 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 23,793 19,916 21,087 13,833 16,649 - - -
Net Cash position 1 - - - - - 24,744 27,853 -
Leverage (Debt/EBITDA) 2.557 x 2.284 x -2.439 x 18.89 x 2.501 x - - -
Free Cash Flow -1,771 - - - - - - -
ROE (net income / shareholders' equity) 5.8% 5.79% -15.7% -6.31% 0.53% 0.62% 5.95% 0.01%
ROA (Net income/ Total Assets) 1.4% 1.26% -3.24% - - 1% 1.3% 1.7%
Assets 1 249,539 298,031 308,079 - - 275,716 235,940 25,302
Book Value Per Share 2 4.250 4.380 3.700 - - 3.840 4.030 -
Cash Flow per Share 2 0.6700 0.2900 -0.6700 - - 0.9100 0.2600 -
Capex 1 4,462 4,551 2,831 3,542 3,098 6,000 4,632 5,000
Capex / Sales 3.52% 3.33% 2.17% 3.03% 2.71% 5.11% 3.36% 3.97%
Announcement Date 31/03/20 26/03/21 30/03/22 29/03/23 28/03/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
1.481 CNY
Average target price
1.892 CNY
Spread / Average Target
+27.78%
Consensus
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