CHINA RESOURCES POWER HOLDINGS COMPANY LIMITED Financials China Resources Power Holdings Company Limited
Equities
836
HK0836012952
Independent Power Producers
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 21.6 HKD | -0.46% |
|
+0.93% | +38.11% |
| May. 21 | China Resources Power Posts 6.8% Output Growth for April | MT |
| May. 16 | China Resources Sanjiu, China Resources Power to Continue Cooperating on New Energy Projects | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 52,626 | 40,167 | 125,553 | 76,775 | 75,235 | 104,387 | - | - |
| Enterprise Value (EV) 1 | 136,660 | 138,473 | 246,114 | 200,759 | 230,344 | 288,091 | 315,500 | 328,554 |
| P/E ratio | 7.99 x | 5.28 x | 79.1 x | 10.9 x | 6.83 x | 7.24 x | 6.27 x | 5.42 x |
| Yield | 5.01% | 7.56% | 1.13% | 3.67% | 9.05% | 5.4% | 6.3% | 7.21% |
| Capitalization / Revenue | 0.78 x | 0.58 x | 1.4 x | 0.74 x | 0.73 x | 0.96 x | 0.9 x | 0.85 x |
| EV / Revenue | 2.02 x | 1.99 x | 2.74 x | 1.94 x | 2.23 x | 2.66 x | 2.72 x | 2.69 x |
| EV / EBITDA | 5.81 x | 5.37 x | 12.3 x | 7.17 x | 7 x | 7.02 x | 6.67 x | 6.07 x |
| EV / FCF | -67.2 x | -14.1 x | -13.9 x | -23.9 x | -23.2 x | -14.2 x | -30 x | -230 x |
| FCF Yield | -1.49% | -7.1% | -7.2% | -4.19% | -4.3% | -7.04% | -3.33% | -0.44% |
| Price to Book | 0.72 x | 0.47 x | 1.27 x | 0.93 x | 0.89 x | 1.07 x | 0.96 x | 0.86 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 | 21.70 | 21.70 | 21.70 |
| Announcement Date | 3/30/20 | 3/18/21 | 3/16/22 | 3/22/23 | 3/20/24 | - | - | - |
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 | 108,173 | 115,924 | 122,157 |
| EBITDA 1 | 23,520 | 25,806 | 20,077 | 27,981 | 32,919 | 41,043 | 47,269 | 54,160 |
| EBIT 1 | 12,888 | 14,093 | 5,479 | 13,551 | 18,198 | 23,602 | 27,246 | 30,813 |
| Operating Margin | 19.02% | 20.26% | 6.1% | 13.12% | 17.61% | 21.82% | 23.5% | 25.22% |
| Earnings before Tax (EBT) 1 | 9,653 | 11,470 | 1,842 | 9,461 | 15,499 | 19,985 | 22,945 | 26,183 |
| Net income 1 | 6,590 | 7,583 | 1,593 | 7,042 | 11,003 | 14,314 | 16,539 | 18,817 |
| Net margin | 9.73% | 10.9% | 1.77% | 6.82% | 10.65% | 13.23% | 14.27% | 15.4% |
| EPS 2 | 1.370 | 1.580 | 0.3300 | 1.460 | 2.290 | 2.997 | 3.460 | 4.000 |
| 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% | -18.74% | -9.06% | -1.17% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.5480 | 0.6310 | 0.2950 | 0.5860 | 1.415 | 1.172 | 1.368 | 1.564 |
| Announcement Date | 3/30/20 | 3/18/21 | 3/16/22 | 3/22/23 | 3/20/24 | - | - | - |
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 | 3/30/20 | 8/20/21 | 8/17/22 | 8/22/23 |
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 | 183,705 | 211,114 | 224,167 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.573 x | 3.809 x | 6.005 x | 4.431 x | 4.712 x | 4.476 x | 4.466 x | 4.139 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% | 15.4% | 16.3% | 16.7% |
| ROA (Net income/ Total Assets) | 3.11% | 4.1% | 0.58% | 2.47% | 3.63% | 4.07% | 4.22% | 4.42% |
| Assets 1 | 211,976 | 184,754 | 273,669 | 285,676 | 302,892 | 351,479 | 392,281 | 425,405 |
| Book Value Per Share 2 | 15.20 | 17.80 | 20.60 | 17.10 | 17.70 | 20.30 | 22.50 | 25.30 |
| 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% | 52.05% | 51.87% | 42.5% |
| Announcement Date | 3/30/20 | 3/18/21 | 3/16/22 | 3/22/23 | 3/20/24 | - | - | - |
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
21.7
HKD
Average target price
22.61
HKD
Spread / Average Target
+4.21%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +38.75% | 13.54B | |
| +19.56% | 42.64B | |
| +29.50% | 29.39B | |
| +21.17% | 16.34B | |
| +30.26% | 8.94B | |
| +33.33% | 6.65B | |
| +68.36% | 6.3B | |
| +40.90% | 5.38B | |
| -2.88% | 4B | |
| +27.81% | 3.74B |
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