HUADIAN ENERGY COMPANY LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.14 CNY | +5.94% |
|
+4.90% | -1.83% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,386 | 3,077 | 4,081 | 5,345 | 17,308 | 16,664 |
| Enterprise Value (EV) 1 | 20,046 | 18,149 | 20,703 | 23,969 | 29,739 | 26,013 |
| P/E ratio | -5.92 x | 44.3 x | -4.29 x | -2.09 x | -5.15 x | -218 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.45 x | 0.28 x | 0.38 x | 0.55 x | 0.92 x | 0.88 x |
| EV / Revenue | 2.04 x | 1.68 x | 1.94 x | 2.45 x | 1.58 x | 1.38 x |
| EV / EBITDA | 13.5 x | 9.42 x | 18.1 x | -54.9 x | 6.43 x | 5.93 x |
| EV / FCF | 24.5 x | -29 x | -40 x | -27.3 x | 26.5 x | 14.8 x |
| FCF Yield | 4.09% | -3.45% | -2.5% | -3.66% | 3.77% | 6.76% |
| Price to Book | 2.89 x | 2.09 x | 7.84 x | -2.91 x | 6.19 x | 10.6 x |
| Nbr of stocks (in thousands) | 1,966,675 | 1,966,675 | 1,966,675 | 1,966,675 | 6,694,667 | 7,907,336 |
| Reference price 2 | 2.310 | 1.770 | 2.400 | 3.120 | 2.680 | 2.180 |
| Announcement Date | 4/27/19 | 4/24/20 | 4/23/21 | 4/27/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 9,807 | 10,828 | 10,671 | 9,802 | 18,877 | 18,844 |
| EBITDA 1 | 1,486 | 1,927 | 1,145 | -436.8 | 4,622 | 4,386 |
| EBIT 1 | -32.16 | 390.3 | -380.1 | -1,894 | 2,686 | 2,493 |
| Operating Margin | -0.33% | 3.6% | -3.56% | -19.33% | 14.23% | 13.23% |
| Earnings before Tax (EBT) 1 | -898.3 | 124 | -1,139 | -3,106 | 1,619 | 2,053 |
| Net income 1 | -761.9 | 75.56 | -1,107 | -2,937 | -1,016 | -90.98 |
| Net margin | -7.77% | 0.7% | -10.37% | -29.96% | -5.38% | -0.48% |
| EPS 2 | -0.3900 | 0.0400 | -0.5600 | -1.490 | -0.5200 | -0.0100 |
| Free Cash Flow 1 | 819.3 | -625.9 | -516.9 | -876.6 | 1,121 | 1,757 |
| FCF margin | 8.35% | -5.78% | -4.84% | -8.94% | 5.94% | 9.33% |
| FCF Conversion (EBITDA) | 55.12% | - | - | - | 24.25% | 40.07% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/27/19 | 4/24/20 | 4/23/21 | 4/27/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 15,660 | 15,072 | 16,622 | 18,623 | 12,430 | 9,349 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.54 x | 7.822 x | 14.52 x | -42.64 x | 2.689 x | 2.132 x |
| Free Cash Flow 1 | 819 | -626 | -517 | -877 | 1,121 | 1,757 |
| ROE (net income / shareholders' equity) | -38.5% | 4.19% | -85.1% | 485% | 6.55% | 16.1% |
| ROA (Net income/ Total Assets) | -0.08% | 1% | -1.02% | -5.22% | 4.93% | 5.02% |
| Assets 1 | 958,350 | 7,561 | 108,097 | 56,255 | -20,608 | -1,814 |
| Book Value Per Share 2 | 0.8000 | 0.8500 | 0.3100 | -1.070 | 0.4300 | 0.2100 |
| Cash Flow per Share 2 | 0.8900 | 0.7400 | 0.7500 | 0.8300 | 0.7000 | 0.1900 |
| Capex 1 | 1,124 | 1,194 | 477 | 1,107 | 1,937 | 839 |
| Capex / Sales | 11.46% | 11.03% | 4.47% | 11.29% | 10.26% | 4.45% |
| Announcement Date | 4/27/19 | 4/24/20 | 4/23/21 | 4/27/22 | 4/26/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -1.83% | 2.26B | |
| +18.73% | 14.47B | |
| +10.45% | 5.01B | |
| +11.94% | 4.74B | |
| -5.73% | 3.96B | |
| +6.86% | 3.51B | |
| -24.39% | 2.04B | |
| +36.53% | 1.71B | |
| +24.38% | 1.65B | |
| +16.43% | 1.54B |
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