GUANGZHOU GREAT POWER ENERGY AND TECHNOLOGY CO., LTD

Financials Guangzhou Great Power Energy and Technology Co., Ltd

Equities

300438

CNE100001Z17

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-05-05 EDT			5-day change	1st Jan Change
24.44 ^CNY	+2.00%		+8.62%	-13.61%

04-30	Nuvve and Great Power Announce Strategic Partnership to Accelerate Electric Vehicle Integration and Renewable Energy Adoption	CI
04-26	Guangzhou Great Power Energy and Technology Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,535	11,025	20,390	35,831	14,242	12,304	-	-
Enterprise Value (EV) ¹	7,535	11,025	20,447	36,042	14,688	13,082	12,926	12,304
P/E ratio	44.7 x	202 x	110 x	55.3 x	314 x	28.5 x	18 x	16 x
Yield	-	-	0.11%	-	0.21%	2.09%	1.85%	2.95%
Capitalization / Revenue	2.28 x	3.03 x	3.58 x	3.95 x	2.05 x	1.62 x	1.24 x	1.18 x
EV / Revenue	2.28 x	3.03 x	3.59 x	3.98 x	2.12 x	1.73 x	1.3 x	1.18 x
EV / EBITDA	19.4 x	33.3 x	41.2 x	33 x	23 x	10.9 x	8.97 x	8.45 x
EV / FCF	-	-	-49.2 x	-75.3 x	-14 x	-20.1 x	82.9 x	-
FCF Yield	-	-	-2.03%	-1.33%	-7.14%	-4.97%	1.21%	-
Price to Book	3.24 x	4.69 x	7.61 x	9.09 x	2.64 x	2.12 x	1.93 x	1.8 x
Nbr of stocks (in thousands)	421,728	419,537	431,634	459,433	503,437	503,437	-	-
Reference price ²	17.87	26.28	47.24	77.99	28.29	24.44	24.44	24.44
Announcement Date	20-02-28	21-04-27	22-04-27	23-04-26	24-04-26	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,308	3,642	5,693	9,067	6,932	7,579	9,944	10,419
EBITDA ¹	389.3	331.3	496	1,092	637.8	1,200	1,441	1,456
EBIT ¹	202.2	73.81	186.5	673.4	85.96	482.7	773.2	847.5
Operating Margin	6.11%	2.03%	3.28%	7.43%	1.24%	6.37%	7.78%	8.13%
Earnings before Tax (EBT) ¹	201.4	71.98	183.2	682.4	24.5	481.3	773.2	845.5
Net income ¹	168.3	53.2	182.4	628.4	43.1	430.7	683.2	772
Net margin	5.09%	1.46%	3.2%	6.93%	0.62%	5.68%	6.87%	7.41%
EPS ²	0.4000	0.1300	0.4300	1.410	0.0900	0.8567	1.358	1.530
Free Cash Flow ¹	-	-	-416	-478.5	-1,049	-650	156	-
FCF margin	-	-	-7.31%	-5.28%	-15.13%	-8.58%	1.57%	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	10.83%	-
FCF Conversion (Net income)	-	-	-	-	-	-	22.83%	-
Dividend per Share ²	-	-	0.0500	-	0.0600	0.5100	0.4533	0.7200
Announcement Date	20-02-28	21-04-27	22-04-27	23-04-26	24-04-26	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3
Net sales ¹	-	1,879	1,365
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	182.5	-	-
Net margin	-	-	-
EPS	0.4200	-	-
Dividend per Share	-	-	-
Announcement Date	23-04-26	23-08-30	23-10-26

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	56.5	211	446	778	622	-
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	0.114 x	0.1932 x	0.6992 x	0.6486 x	0.4317 x	-
Free Cash Flow ¹	-	-	-416	-479	-1,049	-650	156	-
ROE (net income / shareholders' equity)	7.35%	2.24%	7.02%	18.8%	0.97%	7.52%	10.8%	11.3%
ROA (Net income/ Total Assets)	3.22%	-	2.36%	-	-	2.85%	3.65%	4.4%
Assets ¹	5,221	-	7,733	-	-	15,111	18,718	17,545
Book Value Per Share ²	5.520	5.600	6.210	8.580	10.70	11.50	12.70	13.60
Cash Flow per Share ²	0.4500	1.040	-	1.560	0.8200	3.190	3.000	3.190
Capex ¹	312	339	621	1,199	1,464	1,086	1,008	650
Capex / Sales	9.43%	9.3%	10.91%	13.22%	21.11%	14.33%	10.14%	6.24%
Announcement Date	20-02-28	21-04-27	22-04-27	23-04-26	24-04-26	-	-	-

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 Guangzhou Great Power Energy and Technology Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

24.44 CNY

Average target price

25.9 CNY

Spread / Average Target

+5.97%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Batteries & Uninterruptable Power Supplies

	1st Jan change	Capi.
GUANGZHOU GREAT POWER ENERGY AND TECHNOLOGY CO., LTD	-13.61%	1.67B
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED	+26.78%	123B
LG ENERGY SOLUTION, LTD.	-8.54%	67.54B
SAMSUNG SDI CO., LTD.	-7.20%	21.41B
TDK CORPORATION	+3.36%	17.22B
ECOPRO BM. CO., LTD.	-21.53%	16.29B
EVE ENERGY CO., LTD.	-8.10%	10.43B
GOTION HIGH-TECH CO.,LTD.	-10.14%	4.62B
VOLTRONIC POWER TECHNOLOGY CORP.	-11.40%	4.08B
SUNWODA ELECTRONIC CO.,LTD	+4.47%	3.88B

Batteries & Uninterruptable Power Supplies