CHINA RESOURCES POWER HOLDINGS COMPANY LIMITED Financials China Resources Power Holdings Company Limited
Equities
836
HK0836012952
Independent Power Producers
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 23.35 HKD | -3.51% |
|
-1.89% | +49.30% |
| 06-18 | China Resources Power's May Output Rises 7% | MT |
| 06-05 | China Resources Power Holdings Company Limited Approves Final Dividend for the Year Ended 31 December 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 52,626 | 40,167 | 125,553 | 76,775 | 75,235 | 112,324 | - | - |
| Enterprise Value (EV) 1 | 136,660 | 138,473 | 246,114 | 200,759 | 230,344 | 296,246 | 323,825 | 334,356 |
| P/E ratio | 7.99 x | 5.28 x | 79.1 x | 10.9 x | 6.83 x | 7.77 x | 6.73 x | 5.82 x |
| Yield | 5.01% | 7.56% | 1.13% | 3.67% | 9.05% | 5.03% | 5.88% | 6.74% |
| Capitalization / Revenue | 0.78 x | 0.58 x | 1.4 x | 0.74 x | 0.73 x | 1.04 x | 0.97 x | 0.92 x |
| EV / Revenue | 2.02 x | 1.99 x | 2.74 x | 1.94 x | 2.23 x | 2.74 x | 2.79 x | 2.73 x |
| EV / EBITDA | 5.81 x | 5.37 x | 12.3 x | 7.17 x | 7 x | 7.22 x | 6.85 x | 6.2 x |
| EV / FCF | -67.2 x | -14.1 x | -13.9 x | -23.9 x | -23.2 x | -14.6 x | -30.8 x | -234 x |
| FCF Yield | -1.49% | -7.1% | -7.2% | -4.19% | -4.3% | -6.84% | -3.24% | -0.43% |
| Price to Book | 0.72 x | 0.47 x | 1.27 x | 0.93 x | 0.89 x | 1.15 x | 1.04 x | 0.92 x |
| Nbr of stocks (in thousands) | 4,810,444 | 4,810,444 | 4,810,444 | 4,810,444 | 4,810,444 | 4,810,444 | - | - |
| Reference price 2 | 10.94 | 8.350 | 26.10 | 15.96 | 15.64 | 23.35 | 23.35 | 23.35 |
| Announcement Date | 20-03-30 | 21-03-18 | 22-03-16 | 23-03-22 | 24-03-20 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 67,758 | 69,551 | 89,800 | 103,305 | 103,334 | 108,251 | 116,021 | 122,488 |
| EBITDA 1 | 23,520 | 25,806 | 20,077 | 27,981 | 32,919 | 41,030 | 47,258 | 53,888 |
| EBIT 1 | 12,888 | 14,093 | 5,479 | 13,551 | 18,198 | 23,680 | 27,331 | 30,929 |
| Operating Margin | 19.02% | 20.26% | 6.1% | 13.12% | 17.61% | 21.87% | 23.56% | 25.25% |
| Earnings before Tax (EBT) 1 | 9,653 | 11,470 | 1,842 | 9,461 | 15,499 | 19,738 | 22,759 | 25,556 |
| Net income 1 | 6,590 | 7,583 | 1,593 | 7,042 | 11,003 | 14,345 | 16,593 | 18,905 |
| Net margin | 9.73% | 10.9% | 1.77% | 6.82% | 10.65% | 13.25% | 14.3% | 15.43% |
| EPS 2 | 1.370 | 1.580 | 0.3300 | 1.460 | 2.290 | 3.003 | 3.471 | 4.014 |
| Free Cash Flow 1 | -2,034 | -9,826 | -17,718 | -8,413 | -9,907 | -20,271 | -10,500 | -1,430 |
| FCF margin | -3% | -14.13% | -19.73% | -8.14% | -9.59% | -18.73% | -9.05% | -1.17% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.5480 | 0.6310 | 0.2950 | 0.5860 | 1.415 | 1.175 | 1.374 | 1.575 |
| Announcement Date | 20-03-30 | 21-03-18 | 22-03-16 | 23-03-22 | 24-03-20 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2021 S1 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|
| Net sales 1 | 34,842 | 42,239 | 50,409 | 51,484 |
| EBITDA | 11,467 | - | - | - |
| EBIT 1 | 6,108 | 6,135 | 5,148 | 8,507 |
| Operating Margin | 17.53% | 14.52% | 10.21% | 16.52% |
| Earnings before Tax (EBT) 1 | - | - | 5,241 | 8,692 |
| Net income 1 | 2,573 | - | 4,370 | 6,740 |
| Net margin | 7.38% | - | 8.67% | 13.09% |
| EPS | - | - | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 20-03-30 | 21-08-20 | 22-08-17 | 23-08-22 |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 84,034 | 98,306 | 120,562 | 123,984 | 155,109 | 183,922 | 211,501 | 222,032 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.573 x | 3.809 x | 6.005 x | 4.431 x | 4.712 x | 4.483 x | 4.475 x | 4.12 x |
| Free Cash Flow 1 | -2,034 | -9,826 | -17,718 | -8,413 | -9,907 | -20,271 | -10,500 | -1,430 |
| ROE (net income / shareholders' equity) | 9.21% | 12.3% | 1.83% | 8.23% | 13.2% | 15.5% | 16.3% | 16.8% |
| ROA (Net income/ Total Assets) | 3.11% | 4.1% | 0.58% | 2.47% | 3.63% | 4.08% | 4.23% | 4.47% |
| Assets 1 | 211,976 | 184,754 | 273,669 | 285,676 | 302,892 | 351,738 | 392,327 | 422,941 |
| Book Value Per Share 2 | 15.20 | 17.80 | 20.60 | 17.10 | 17.70 | 20.30 | 22.50 | 25.20 |
| Cash Flow per Share 2 | 4.260 | 4.300 | 1.540 | 5.020 | 6.000 | 7.550 | 8.650 | 10.20 |
| Capex 1 | 22,542 | 30,529 | 25,118 | 32,580 | 38,777 | 56,307 | 60,126 | 51,914 |
| Capex / Sales | 33.27% | 43.89% | 27.97% | 31.54% | 37.53% | 52.01% | 51.82% | 42.38% |
| Announcement Date | 20-03-30 | 21-03-18 | 22-03-16 | 23-03-22 | 24-03-20 | - | - | - |
1HKD in Million2HKD
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
23.35
HKD
Average target price
22.82
HKD
Spread / Average Target
-2.25%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +49.30% | 14.91B | |
| +36.28% | 33.22B | |
| +35.43% | 18.17B | |
| +30.55% | 8.85B | |
| +71.11% | 6.7B | |
| +30.89% | 6.32B | |
| +37.12% | 5.26B | |
| -4.16% | 4.01B | |
| +35.67% | 3.98B | |
| +4.55% | 3.75B |
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- Financials China Resources Power Holdings Company Limited
