CHONGQING THREE GORGES WATER CONSERVANCY AND ELECTRIC POWER CO., LTD. Financials Chongqing Three Gorges Water Conservancy and Electric Power Co., Ltd.
Equities
600116
CNE000000SN1
Electric Utilities
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.46 CNY | +3.90% |
|
+2.90% | -0.93% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,269 | 7,537 | 16,100 | 22,296 | 16,387 | 14,265 | 14,265 | - |
| Enterprise Value (EV) 1 | 7,269 | 7,537 | 16,100 | 22,296 | 16,387 | 14,398 | 14,265 | 14,265 |
| P/E ratio | 33.3 x | 39.9 x | 20.5 x | 25.9 x | 34.3 x | 27.9 x | 16.2 x | 12.4 x |
| Yield | - | - | 1.19% | - | 1.75% | 1.99% | 2.55% | 3.22% |
| Capitalization / Revenue | 5.6 x | 5.77 x | 3.06 x | 2.19 x | 1.48 x | 1.29 x | 1.15 x | 0.83 x |
| EV / Revenue | 5.6 x | 5.77 x | 3.06 x | 2.19 x | 1.48 x | 1.29 x | 1.15 x | 0.83 x |
| EV / EBITDA | 18.3 x | 19.4 x | 14.3 x | - | 13.6 x | 11.4 x | 7.17 x | 6.01 x |
| EV / FCF | - | - | - | - | 87.5 x | -25.5 x | -68.9 x | -16.8 x |
| FCF Yield | - | - | - | - | 1.14% | -3.92% | -1.45% | -5.94% |
| Price to Book | 2.55 x | 2.47 x | 1.58 x | 2.04 x | 1.48 x | 1.29 x | 1.21 x | 1.15 x |
| Nbr of stocks (in thousands) | 993,006 | 993,006 | 1,912,143 | 1,912,143 | 1,912,143 | 1,912,143 | 1,912,143 | - |
| Reference price 2 | 7.320 | 7.590 | 8.420 | 11.66 | 8.570 | 7.460 | 7.460 | 7.460 |
| Announcement Date | 3/24/19 | 3/6/20 | 3/25/21 | 4/11/22 | 4/19/23 | 4/24/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,298 | 1,307 | 5,256 | 10,177 | 11,093 | 11,177 | 12,390 | 17,271 |
| EBITDA 1 | 396.2 | 389.4 | 1,123 | - | 1,204 | 1,260 | 1,989 | 2,375 |
| EBIT 1 | 235.5 | 221.1 | 716.5 | 1,288 | 494.1 | 625 | 1,099 | 1,360 |
| Operating Margin | 18.14% | 16.92% | 13.63% | 12.66% | 4.45% | 5.59% | 8.87% | 7.88% |
| Earnings before Tax (EBT) 1 | 233 | 221.2 | 725 | 1,123 | 548.5 | 625.2 | 1,099 | 1,376 |
| Net income 1 | 213.6 | 191.7 | 619.9 | 865 | 476.2 | 515.7 | 879 | 1,155 |
| Net margin | 16.45% | 14.67% | 11.79% | 8.5% | 4.29% | 4.61% | 7.09% | 6.69% |
| EPS 2 | 0.2200 | 0.1900 | 0.4100 | 0.4500 | 0.2500 | 0.2700 | 0.4600 | 0.6033 |
| Free Cash Flow 1 | - | - | - | - | 187.2 | -563.9 | -207 | -848 |
| FCF margin | - | - | - | - | 1.69% | -5.05% | -1.67% | -4.91% |
| FCF Conversion (EBITDA) | - | - | - | - | 15.55% | 5.16% | - | - |
| FCF Conversion (Net income) | - | - | - | - | 39.31% | 14.86% | - | - |
| Dividend per Share 2 | - | - | 0.1000 | - | 0.1500 | 0.1500 | 0.1900 | 0.2400 |
| Announcement Date | 3/24/19 | 3/6/20 | 3/25/21 | 4/11/22 | 4/19/23 | 4/24/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | - | 187 | -564 | -207 | -848 |
| ROE (net income / shareholders' equity) | 7.66% | 6.39% | 8.68% | 8.21% | 4.32% | 4.62% | 7.48% | 9.32% |
| ROA (Net income/ Total Assets) | - | - | 5.04% | - | 2.18% | 2.32% | 3.62% | 4.16% |
| Assets 1 | - | - | 12,313 | - | 21,860 | 23,501 | 24,282 | 27,760 |
| Book Value Per Share 2 | 2.870 | 3.080 | 5.340 | 5.710 | 5.770 | 5.840 | 6.160 | 6.490 |
| Cash Flow per Share 2 | 0.4300 | 0.3600 | 0.4700 | 0.6900 | - | 0.6600 | 0.9500 | 0.9700 |
| Capex 1 | 376 | 304 | 416 | 991 | 667 | 1,830 | 1,320 | 2,215 |
| Capex / Sales | 28.96% | 23.28% | 7.92% | 9.73% | 6.02% | 16.38% | 10.65% | 12.82% |
| Announcement Date | 3/24/19 | 3/6/20 | 3/25/21 | 4/11/22 | 4/19/23 | 4/24/24 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
7.46
CNY
Average target price
8.6
CNY
Spread / Average Target
+15.28%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.93% | 1.98B | |
| +9.13% | 86.47B | |
| -8.09% | 17.61B | |
| +51.24% | 12.24B | |
| +10.12% | 11.26B | |
| +9.21% | 9.41B | |
| +17.69% | 7.13B | |
| -2.27% | 5.4B | |
| +2.43% | 4.48B | |
| -.--% | 3.88B |
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- Financials Chongqing Three Gorges Water Conservancy and Electric Power Co., Ltd.