CHINA GREEN ELECTRICITY INVESTMENT OF TIANJIN CO., LTD.

Financials China Green Electricity Investment of Tianjin Co., Ltd.

Equities

000537

CNE000000271

Electric Utilities

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-05-09 EDT			5-day change	1st Jan Change
9.81 ^CNY	+2.51%		+5.37%	+1.87%

04-30	China Green Electricity Investment of Tianjin Co., Ltd. Proposes Final Dividend for 2023	CI
04-29	China Green Electricity Investment of Tianjin Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Capitalization ¹	11,678	24,641	17,936	18,271	-	-
Enterprise Value (EV) ¹	11,678	24,641	17,936	18,271	18,271	18,271
P/E ratio	5.27 x	38.9 x	19.7 x	16.6 x	12.4 x	9.71 x
Yield	-	-	1.87%	2.45%	2.85%	3.26%
Capitalization / Revenue	-	-	4.86 x	3.41 x	2.15 x	1.63 x
EV / Revenue	-	-	4.86 x	3.41 x	2.15 x	1.63 x
EV / EBITDA	-	-	7.3 x	4.43 x	2.97 x	2.29 x
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	-	-	1.05 x	1.01 x	0.96 x	0.89 x
Nbr of stocks (in thousands)	1,862,521	1,862,521	1,862,521	1,862,521	-	-
Reference price ²	6.270	13.23	9.630	9.810	9.810	9.810
Announcement Date	21-04-29	23-03-12	24-04-29	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Net sales ¹	-	-	3,691	5,351	8,483	11,217
EBITDA ¹	-	-	2,457	4,121	6,156	7,995
EBIT ¹	-	-	1,150	1,417	2,328	3,345
Operating Margin	-	-	31.17%	26.48%	27.44%	29.82%
Earnings before Tax (EBT) ¹	-	-	1,168	1,432	2,343	3,360
Net income ¹	2,212	632.7	919.6	1,092	1,476	1,877
Net margin	-	-	24.92%	20.41%	17.4%	16.73%
EPS ²	1.190	0.3400	0.4900	0.5900	0.7900	1.010
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	-	0.1800	0.2400	0.2800	0.3200
Announcement Date	21-04-29	23-03-12	24-04-29	-	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	5.48%	6.04%	7.73%	9.17%
ROA (Net income/ Total Assets)	-	-	-	1.16%	1.26%	1.42%
Assets ¹	-	-	-	94,138	117,143	132,183
Book Value Per Share ²	-	-	9.210	9.700	10.30	11.00
Cash Flow per Share ²	-	-	1.360	2.250	4.260	4.820
Capex ¹	-	-	24,947	24,390	22,784	16,318
Capex / Sales	-	-	675.95%	455.8%	268.58%	145.48%
Announcement Date	21-04-29	23-03-12	24-04-29	-	-	-

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

Ratings for China Green Electricity Investment of Tianjin Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9.81 CNY

Average target price

11.8 CNY

Spread / Average Target

+20.29%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Wind Electric Utilities

	1st Jan change	Capi.
CHINA GREEN ELECTRICITY INVESTMENT OF TIANJIN CO., LTD.	+1.87%	2.53B
CHINA THREE GORGES RENEWABLES (GROUP) CO.,LTD.	+8.47%	18.78B
CHINA LONGYUAN POWER GROUP CORPORATION LIMITED	+10.14%	15.73B
TERNA ENERGY S.A.	+18.11%	2.38B
JIANGSU NEW ENERGY DEVELOPMENT CO., LTD.	+7.14%	1.48B
ZHONGMIN ENERGY CO., LTD.	+8.70%	1.25B
INNERGEX RENEWABLE ENERGY INC.	-9.14%	1.24B
MOGAN ENERJI YATIRIM HOLDING ANONIM SIRKETI	0.00%	1.2B
GREENCOAT RENEWABLES PLC	-11.42%	1.11B
SERENA ENERGIA S.A.	-15.77%	1.04B

Wind Electric Utilities