Financials Ning Xia Yin Xing Energy Co.,Ltd

Equities

000862

CNE000000WZ7

Independent Power Producers

End-of-day quote Shenzhen S.E. 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
5.16 CNY -0.96% Intraday chart for Ning Xia Yin Xing Energy Co.,Ltd +1.57% -15.27%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,090 3,559 3,213 6,256 4,498 5,590
Enterprise Value (EV) 1 8,215 9,573 8,926 10,200 6,986 8,890
P/E ratio 39.5 x 123 x 93.7 x 66.8 x 35.7 x 29.8 x
Yield - - - - - -
Capitalization / Revenue 1.75 x 2.62 x 2.67 x 4.6 x 3.87 x 4.27 x
EV / Revenue 6.87 x 7.06 x 7.43 x 7.5 x 6.01 x 6.79 x
EV / EBITDA 8.55 x 10.3 x 10.5 x 10.6 x 7.86 x 8.76 x
EV / FCF 17 x 83.8 x 21.7 x 5.91 x 4.93 x -11.6 x
FCF Yield 5.88% 1.19% 4.61% 16.9% 20.3% -8.63%
Price to Book 0.8 x 1.36 x 1.21 x 2.27 x 1.56 x 1.35 x
Nbr of stocks (in thousands) 706,119 706,119 706,119 706,119 706,119 917,955
Reference price 2 2.960 5.040 4.550 8.860 6.370 6.090
Announcement Date 19-03-18 20-03-23 21-03-22 22-03-21 23-03-20 24-03-25
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,195 1,357 1,202 1,359 1,163 1,309
EBITDA 1 961.1 928.5 854 965.5 888.5 1,014
EBIT 1 407.6 353 309.7 421.3 331.7 399.9
Operating Margin 34.12% 26.02% 25.77% 30.99% 28.52% 30.54%
Earnings before Tax (EBT) 1 61.05 20.51 30.49 105.9 168.7 179.5
Net income 1 53.15 28.93 34.3 93.6 125.9 160.4
Net margin 4.45% 2.13% 2.85% 6.88% 10.82% 12.25%
EPS 2 0.0750 0.0410 0.0486 0.1326 0.1783 0.2045
Free Cash Flow 1 482.6 114.3 411.8 1,725 1,418 -767.3
FCF margin 40.39% 8.42% 34.27% 126.89% 121.88% -58.61%
FCF Conversion (EBITDA) 50.22% 12.31% 48.23% 178.67% 159.59% -
FCF Conversion (Net income) 908.01% 395.01% 1,200.63% 1,843.07% 1,126.4% -
Dividend per Share - - - - - -
Announcement Date 19-03-18 20-03-23 21-03-22 22-03-21 23-03-20 24-03-25
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 6,125 6,014 5,713 3,944 2,488 3,300
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.372 x 6.477 x 6.69 x 4.085 x 2.801 x 3.253 x
Free Cash Flow 1 483 114 412 1,725 1,418 -767
ROE (net income / shareholders' equity) 1.89% 0.97% 1.29% 3.69% 5.49% 4.46%
ROA (Net income/ Total Assets) 2.58% 2.31% 2.12% 3.22% 2.77% 2.7%
Assets 1 2,062 1,253 1,620 2,910 4,550 5,939
Book Value Per Share 2 3.680 3.710 3.760 3.900 4.080 4.530
Cash Flow per Share 2 0.4100 0.3500 0.2600 0.0900 0.2200 0.3400
Capex 1 96.4 35.6 34.5 31.3 184 659
Capex / Sales 8.07% 2.62% 2.87% 2.31% 15.84% 50.32%
Announcement Date 19-03-18 20-03-23 21-03-22 22-03-21 23-03-20 24-03-25
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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