DONGFANG ELECTRIC CORPORATION LIMITED Financials Dongfang Electric Corporation Limited
Equities
1072
CNE100000304
Heavy Electrical Equipment
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.08 HKD | +2.90% |
|
+14.18% | +69.19% |
| May. 01 | Dongfang Electric's Profit Up 24% in 2023 | MT |
| Apr. 29 | Dongfang Electric Corporation Limited Announces Resignation of Liu Zhiquan as Director and Chief Accountant | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,701 | 29,324 | 63,174 | 62,307 | 42,882 | 53,987 | - | - |
| Enterprise Value (EV) 1 | -2,984 | 3,795 | 46,161 | 48,948 | 27,563 | 40,114 | 36,983 | 32,507 |
| P/E ratio | 10.2 x | 7.95 x | 14.6 x | 12.7 x | 5.69 x | 7.9 x | 6.6 x | 7.02 x |
| Yield | 4.88% | 3.77% | 2.15% | 2.86% | 7.32% | 4.66% | 5.09% | 4.98% |
| Capitalization / Revenue | 0.81 x | 0.81 x | 1.35 x | 1.15 x | 0.72 x | 0.77 x | 0.67 x | 0.67 x |
| EV / Revenue | -0.09 x | 0.1 x | 0.99 x | 0.9 x | 0.46 x | 0.57 x | 0.46 x | 0.4 x |
| EV / EBITDA | -1.12 x | 1.25 x | 13.5 x | 12 x | 5.82 x | 6.96 x | 5.43 x | 4.73 x |
| EV / FCF | -1.9 x | -1.16 x | - | 6.37 x | -6 x | -7.72 x | 32.8 x | 8.71 x |
| FCF Yield | -52.7% | -86.5% | - | 15.7% | -16.7% | -12.9% | 3.05% | 11.5% |
| Price to Book | 0.44 x | 0.48 x | 1.03 x | 1.05 x | 0.54 x | 0.87 x | 0.78 x | 0.74 x |
| Nbr of stocks (in thousands) | 3,090,803 | 3,119,764 | 3,119,151 | 3,118,808 | 3,118,534 | 3,117,499 | - | - |
| Reference price 2 | 4.200 | 4.772 | 10.69 | 11.73 | 6.490 | 11.17 | 11.17 | 11.17 |
| Announcement Date | 3/27/20 | 3/7/21 | 3/30/22 | 3/31/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 32,840 | 36,239 | 46,756 | 54,179 | 59,567 | 70,228 | 80,882 | 81,138 |
| EBITDA 1 | 2,666 | 3,044 | 3,420 | 4,084 | 4,739 | 5,765 | 6,806 | 6,871 |
| EBIT 1 | 1,622 | 2,160 | 2,658 | 3,321 | 3,977 | 4,956 | 5,863 | 5,673 |
| Operating Margin | 4.94% | 5.96% | 5.69% | 6.13% | 6.68% | 7.06% | 7.25% | 6.99% |
| Earnings before Tax (EBT) 1 | 1,579 | 2,067 | 2,667 | 3,325 | 4,006 | 4,955 | 5,953 | 5,965 |
| Net income 1 | 1,278 | 1,862 | 2,289 | 2,855 | 3,550 | 4,411 | 5,247 | 5,274 |
| Net margin | 3.89% | 5.14% | 4.9% | 5.27% | 5.96% | 6.28% | 6.49% | 6.5% |
| EPS 2 | 0.4100 | 0.6000 | 0.7300 | 0.9200 | 1.140 | 1.414 | 1.693 | 1.590 |
| Free Cash Flow 1 | 1,572 | -3,283 | - | 7,689 | -4,597 | -5,194 | 1,127 | 3,734 |
| FCF margin | 4.79% | -9.06% | - | 14.19% | -7.72% | -7.4% | 1.39% | 4.6% |
| FCF Conversion (EBITDA) | 58.98% | - | - | 188.29% | - | - | 16.56% | 54.34% |
| FCF Conversion (Net income) | 123.07% | - | - | 269.35% | - | - | 21.48% | 70.8% |
| Dividend per Share 2 | 0.2050 | 0.1800 | 0.2300 | 0.3350 | 0.4750 | 0.5207 | 0.5691 | 0.5567 |
| Announcement Date | 3/27/20 | 3/7/21 | 3/30/22 | 3/31/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 15,646 | 15,053 | 17,174 | 16,781 | 17,979 | 19,125 | 19,750 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | 909.7 | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 10/30/23 | 3/28/24 | 4/29/24 | - | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 29,685 | 25,529 | 17,013 | 13,359 | 15,320 | 13,873 | 17,004 | 21,480 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,572 | -3,283 | - | 7,689 | -4,597 | -5,194 | 1,127 | 3,734 |
| ROE (net income / shareholders' equity) | 4.4% | 6.19% | 7.2% | 8.43% | 9.82% | 11.3% | 11.6% | 10.9% |
| ROA (Net income/ Total Assets) | 1.41% | 1.99% | 2.28% | 2.18% | 3% | 3.3% | 3.5% | 3.5% |
| Assets 1 | 90,487 | 93,709 | 100,449 | 130,869 | 118,228 | 133,662 | 149,918 | 150,693 |
| Book Value Per Share 2 | 9.530 | 9.910 | 10.40 | 11.20 | 11.90 | 12.90 | 14.30 | 15.10 |
| Cash Flow per Share 2 | 0.0700 | -0.8800 | -1.420 | 2.700 | -1.120 | 2.740 | 1.620 | 2.230 |
| Capex 1 | 632 | 535 | 535 | 721 | 1,101 | 930 | 1,171 | 733 |
| Capex / Sales | 1.92% | 1.47% | 1.15% | 1.33% | 1.85% | 1.32% | 1.45% | 0.9% |
| Announcement Date | 3/27/20 | 3/7/21 | 3/30/22 | 3/31/23 | 3/28/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
11.17
CNY
Average target price
11.61
CNY
Spread / Average Target
+3.90%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +69.19% | 7.47B | |
| -18.45% | 2.38B | |
| +24.93% | 1.06B | |
| +9.69% | 747M | |
| -11.96% | 326M | |
| -16.79% | 294M | |
| -19.40% | 230M | |
| +78.38% | 82.37M |
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