Financials Changchun Gas Co,.Ltd

Equities

600333

CNE0000015W4

Natural Gas Utilities

End-of-day quote Shanghai S.E. 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
4.08 CNY +0.49% Intraday chart for Changchun Gas Co,.Ltd +8.80% -19.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,404 3,167 5,286 3,618 3,112 3,082
Enterprise Value (EV) 1 5,152 4,995 7,242 5,586 5,319 5,321
P/E ratio -50.8 x 330 x 289 x 149 x -31.9 x -46 x
Yield - - 0.58% - - -
Capitalization / Revenue 2.17 x 1.83 x 3.38 x 2.01 x 1.64 x 1.33 x
EV / Revenue 3.28 x 2.88 x 4.64 x 3.11 x 2.81 x 2.3 x
EV / EBITDA 40.1 x 22.1 x 40 x 24.1 x 49 x 33.2 x
EV / FCF -32 x -1,069 x -38.3 x 45.2 x -21,427 x -22.5 x
FCF Yield -3.13% -0.09% -2.61% 2.21% -0% -4.45%
Price to Book 1.63 x 1.5 x 2.49 x 1.71 x 1.54 x 1.58 x
Nbr of stocks (in thousands) 609,031 609,031 609,031 609,031 609,031 609,031
Reference price 2 5.590 5.200 8.680 5.940 5.110 5.060
Announcement Date 19-04-23 20-04-27 21-04-28 22-04-29 23-04-28 24-04-12
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,568 1,733 1,562 1,797 1,896 2,308
EBITDA 1 128.5 225.7 180.9 232 108.6 160.2
EBIT 1 -18.66 70.4 25.09 78.03 -62.28 -5.027
Operating Margin -1.19% 4.06% 1.61% 4.34% -3.28% -0.22%
Earnings before Tax (EBT) 1 -87.56 27.66 37.78 48.99 -124.2 -73.6
Net income 1 -70 9.583 16.43 24.49 -98.57 -67.72
Net margin -4.46% 0.55% 1.05% 1.36% -5.2% -2.93%
EPS 2 -0.1100 0.0157 0.0300 0.0400 -0.1600 -0.1100
Free Cash Flow 1 -161.1 -4.673 -188.9 123.7 -0.2483 -236.9
FCF margin -10.27% -0.27% -12.09% 6.88% -0.01% -10.26%
FCF Conversion (EBITDA) - - - 53.31% - -
FCF Conversion (Net income) - - - 505.07% - -
Dividend per Share - - 0.0500 - - -
Announcement Date 19-04-23 20-04-27 21-04-28 22-04-29 23-04-28 24-04-12
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,747 1,828 1,956 1,968 2,207 2,239
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 13.6 x 8.1 x 10.81 x 8.483 x 20.32 x 13.97 x
Free Cash Flow 1 -161 -4.67 -189 124 -0.25 -237
ROE (net income / shareholders' equity) -3.33% 0.46% 0.89% 1.3% -4.67% -3.21%
ROA (Net income/ Total Assets) -0.21% 0.79% 0.28% 0.86% -0.66% -0.05%
Assets 1 33,129 1,219 5,853 2,858 14,992 139,630
Book Value Per Share 2 3.430 3.460 3.490 3.470 3.310 3.200
Cash Flow per Share 2 0.3300 0.2500 0.3000 0.3000 0.4600 0.8600
Capex 1 201 96.7 164 179 194 113
Capex / Sales 12.79% 5.58% 10.49% 9.94% 10.22% 4.9%
Announcement Date 19-04-23 20-04-27 21-04-28 22-04-29 23-04-28 24-04-12
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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