STATE GRID INFORMATION & COMMUNICATION CO., LTD. Financials State Grid Information & Communication Co., Ltd.
Equities
600131
CNE000000VJ3
Integrated Telecommunications Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.24 CNY | -2.10% |
|
-15.16% | +13.80% |
| 05-08 | State Grid Information & Communication Leases Property to Related Party for 48 Million Yuan | MT |
| 04-26 | State Grid Information & Communication's Profit Drops 83% in Q1 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 21,948 | 17,010 | 26,119 | 17,992 | 18,218 | 20,723 | - | - |
| Enterprise Value (EV) 1 | 21,948 | 14,897 | 26,119 | 17,992 | 15,644 | 20,723 | 20,723 | 20,723 |
| P/E ratio | 45 x | 26.4 x | 38.3 x | 22.3 x | 21.6 x | 21.1 x | 18.7 x | 16.7 x |
| Yield | - | 1.09% | 0.78% | - | 1.37% | 1.42% | 1.57% | 1.74% |
| Capitalization / Revenue | 2.83 x | 2.43 x | 3.5 x | 2.36 x | 2.27 x | 2.45 x | 2.22 x | 2.02 x |
| EV / Revenue | 2.83 x | 2.43 x | 3.5 x | 2.36 x | 2.27 x | 2.45 x | 2.22 x | 2.02 x |
| EV / EBITDA | 35.9 x | 25.4 x | 27.9 x | 16 x | 14.8 x | 15.5 x | 13.7 x | 13.1 x |
| EV / FCF | - | 115 x | 215 x | - | 36.4 x | 24.4 x | 25.6 x | 17 x |
| FCF Yield | - | 0.87% | 0.46% | - | 2.75% | 4.11% | 3.91% | 5.87% |
| Price to Book | 8.02 x | 3.65 x | 5.06 x | 3.14 x | 2.87 x | 2.91 x | 2.6 x | 2.31 x |
| Nbr of stocks (in thousands) | 1,107,346 | 1,195,395 | 1,195,395 | 1,202,669 | 1,202,489 | 1,202,029 | - | - |
| Reference price 2 | 19.82 | 14.23 | 21.85 | 14.96 | 15.15 | 17.24 | 17.24 | 17.24 |
| Announcement Date | 29/04/20 | 25/01/21 | 25/01/22 | 17/01/23 | 17/01/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,765 | 6,999 | 7,466 | 7,615 | 8,039 | 8,460 | 9,332 | 10,271 |
| EBITDA 1 | 611 | 670.2 | 936.1 | 1,121 | 1,227 | 1,338 | 1,509 | 1,577 |
| EBIT 1 | 565.1 | 677.3 | 769.9 | 883.1 | 876.9 | 1,052 | 1,184 | 1,325 |
| Operating Margin | 7.28% | 9.68% | 10.31% | 11.6% | 10.91% | 12.44% | 12.69% | 12.9% |
| Earnings before Tax (EBT) 1 | 570.9 | 679.4 | 769.7 | 883.1 | 911.5 | 1,078 | 1,213 | 1,360 |
| Net income 1 | 487 | 623.4 | 677.1 | 800.7 | 836 | 984.1 | 1,108 | 1,242 |
| Net margin | 6.27% | 8.91% | 9.07% | 10.51% | 10.4% | 11.63% | 11.88% | 12.09% |
| EPS 2 | 0.4400 | 0.5400 | 0.5700 | 0.6700 | 0.7000 | 0.8171 | 0.9229 | 1.033 |
| Free Cash Flow 1 | - | 147.3 | 121.4 | - | 500.4 | 851 | 810 | 1,217 |
| FCF margin | - | 2.1% | 1.63% | - | 6.23% | 10.06% | 8.68% | 11.85% |
| FCF Conversion (EBITDA) | - | 21.97% | 12.96% | - | 40.77% | 63.61% | 53.68% | 77.15% |
| FCF Conversion (Net income) | - | 23.63% | 17.92% | - | 59.86% | 86.47% | 73.09% | 97.99% |
| Dividend per Share 2 | - | 0.1550 | 0.1700 | - | 0.2070 | 0.2450 | 0.2700 | 0.3000 |
| Announcement Date | 29/04/20 | 25/01/21 | 25/01/22 | 17/01/23 | 17/01/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|
| Net sales 1 | - | - | - | 4,100 |
| EBITDA | - | - | - | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | 555.7 |
| Net income 1 | 164.4 | 217.1 | 92.7 | 493.5 |
| Net margin | - | - | - | 12.04% |
| EPS 2 | - | - | 0.0700 | 0.4200 |
| Dividend per Share | - | - | - | - |
| Announcement Date | 17/07/20 | 15/07/21 | 27/10/23 | 17/01/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | 2,114 | - | - | 2,574 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 147 | 121 | - | 500 | 851 | 810 | 1,217 |
| ROE (net income / shareholders' equity) | 17.3% | 16.3% | 13.9% | 14.8% | 13.9% | 14.2% | 14.2% | 13.8% |
| ROA (Net income/ Total Assets) | - | 6.26% | 5.98% | 6.84% | 6.53% | 6.88% | 6.83% | 6.46% |
| Assets 1 | - | 9,962 | 11,317 | 11,701 | 12,798 | 14,311 | 16,234 | 19,240 |
| Book Value Per Share 2 | 2.470 | 3.900 | 4.320 | 4.770 | 5.270 | 5.920 | 6.640 | 7.470 |
| Cash Flow per Share 2 | 0.3500 | 0.4200 | 0.5200 | 0.7100 | 0.7700 | 0.8500 | 0.9600 | 1.140 |
| Capex 1 | - | 332 | 497 | 576 | 419 | 478 | 450 | 458 |
| Capex / Sales | - | 4.74% | 6.66% | 7.56% | 5.21% | 5.65% | 4.82% | 4.46% |
| Announcement Date | 29/04/20 | 25/01/21 | 25/01/22 | 17/01/23 | 17/01/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
17.24
CNY
Average target price
18.39
CNY
Spread / Average Target
+6.65%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +13.80% | 2.85B | |
| +72.34% | 11.11B | |
| -8.51% | 3.33B | |
| -15.79% | 2.42B | |
| -0.65% | 2.23B | |
| -31.82% | 2.08B | |
| -3.31% | 2.05B | |
| -13.60% | 1.18B | |
| -1.34% | 456M | |
| -16.52% | 444M |
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- 600131 Stock
- Financials State Grid Information & Communication Co., Ltd.
