Valuation Huaneng Lancang River Hydropower Inc.
Stocks
600025
CNE100002T71
Independent Power Producers
|
End-of-day quote
Shanghai S.E.
2026-09-04
|
5-day change | 1st Jan Change | ||
| 9.760 CNY | -0.61% |
|
+2.09% | +7.49% |
| 08-26 | Lancang River Hydropower Completes 2.1 Billion Yuan Green Bond Issuance | MT |
| 08-25 | Huaneng Lancang River Hydropower's Attributable Profit Slides 5% in H1 | MT |
Company Valuation: Huaneng Lancang River Hydropower Inc.
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 118,620 | 118,800 | 155,340 | 171,180 | 169,170 | 181,839 | - | - |
| Change | - | 0.15% | 30.76% | 10.2% | -1.17% | 7.49% | - | - |
| Enterprise Value (EV) 1 | 198,464 | 198,507 | 263,421 | 286,103 | 282,926 | 267,401 | 285,146 | 280,424 |
| Change | - | 0.02% | 32.7% | 8.61% | -1.11% | -5.49% | 6.64% | -1.66% |
| P/E | 20.6x | 18.9x | 21.6x | 21.6x | 20.2x | 20.6x | 19.7x | 19x |
| PBR | 2.31x | 2.17x | 2.86x | 2.33x | 2.44x | 2.09x | 2.05x | 1.96x |
| PEG | - | 2.02x | 1.5x | 2.16x | 8.89x | 3.97x | 4.26x | 5.49x |
| Capitalization / Revenue | 5.87x | 5.62x | 6.62x | 6.88x | 6.36x | 6.69x | 6.3x | 6.11x |
| EV / Revenue | 9.82x | 9.39x | 11.2x | 11.5x | 10.6x | 9.84x | 9.87x | 9.42x |
| EV / EBITDA | 15.4x | 14.4x | 17.3x | 15.1x | 13.9x | 14x | 14.3x | 13x |
| EV / EBIT | 27.7x | 23.9x | 27.9x | 27.5x | 26.1x | 23.7x | 22.8x | 21.5x |
| EV / FCF | 18.9x | 22.8x | -247x | -101x | 109x | 303x | 76.2x | 47.9x |
| FCF Yield | 5.28% | 4.39% | -0.4% | -0.99% | 0.92% | 0.33% | 1.31% | 2.09% |
| Dividend per Share 2 | 0.17 | 0.175 | 0.18 | 0.2 | 0.205 | 0.22 | 0.2136 | 0.2075 |
| Rate of return | 2.58% | 2.65% | 2.09% | 2.1% | 2.26% | 2.25% | 2.19% | 2.13% |
| EPS 2 | 0.32 | 0.35 | 0.4 | 0.44 | 0.45 | 0.4733 | 0.4952 | 0.5124 |
| Distribution rate | 53.1% | 50% | 45% | 45.5% | 45.6% | 46.5% | 43.1% | 40.5% |
| Net sales 1 | 20,202 | 21,142 | 23,461 | 24,882 | 26,595 | 27,188 | 28,879 | 29,764 |
| EBITDA 1 | 12,911 | 13,833 | 15,270 | 18,955 | 20,405 | 19,047 | 19,953 | 21,580 |
| EBIT 1 | 7,177 | 8,317 | 9,426 | 10,387 | 10,826 | 11,293 | 12,492 | 13,021 |
| Net income 1 | 5,838 | 6,801 | 7,638 | 8,297 | 8,504 | 8,862 | 9,221 | 9,555 |
| Net Debt 1 | 79,844 | 79,707 | 108,081 | 114,923 | 113,756 | 85,562 | 103,306 | 98,584 |
| Reference price 2 | 6.590 | 6.600 | 8.630 | 9.510 | 9.080 | 9.760 | 9.760 | 9.760 |
| Nbr of stocks (in thousands) | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 | 18,631,094 | 18,631,094 | - | - |
| Announcement Date | 3/2/22 | 4/21/23 | 4/26/24 | 4/24/25 | 4/28/26 | - | - | - |
1CNY in Million2CNY
Estimates
P/E, Detailed evolution
| P/E (Y) | EV / Sales (Y) | EV / EBITDA (Y) | Dividend Yield (Y) | Capi.($) | ||
|---|---|---|---|---|---|---|
| 20.62x | 9.84x | 14.04x | 2.25% | 27.09B | ||
| 74.85x | 18.63x | 22.14x | -.--% | 22.7B | ||
| 27.37x | 7.85x | 10.05x | 1.36% | 16.18B | ||
| 12.91x | 5.59x | 9.37x | 2.95% | 8.33B | ||
| 27.47x | - | - | 1.4% | 4.04B | ||
| Average | 32.64x | 10.48x | 13.90x | 1.59% | 15.67B | |
| Weighted average by Cap. | 37.26x | 11.62x | 15.12x | 1.44% |
Y-o-Y evolution of P/E
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
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- Valuation Huaneng Lancang River Hydropower Inc.
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