Financials Hubei Energy Group Co., Ltd.

Equities

000883

CNE000000750

Independent Power Producers

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
5.9 ^CNY	-2.80%		+2.25%	+39.48%

Apr. 27	China Three Gorges Renewables Co.,Ltd. agreed to acquire 65% stake in Three Gorges Group Energy Investment Co., Ltd. from Hubei Energy Group Co., Ltd. for CNY 55.9 million.	CI
Apr. 26	Hubei Energy Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	27,136	25,249	34,099	27,590	27,584	38,474	-	-
Enterprise Value (EV) ¹	27,136	25,249	34,099	27,590	27,584	38,474	38,474	38,474
P/E ratio	18.1 x	10.2 x	14.6 x	23.3 x	15.1 x	13.7 x	12.3 x	10.8 x
Yield	2.4%	-	-	1.43%	2.13%	2.37%	2.71%	3.05%
Capitalization / Revenue	1.72 x	1.48 x	-	1.34 x	1.46 x	1.73 x	1.63 x	1.51 x
EV / Revenue	1.72 x	1.48 x	-	1.34 x	1.46 x	1.73 x	1.63 x	1.51 x
EV / EBITDA	-	-	-	7.34 x	5.71 x	5.02 x	4.52 x	3.98 x
EV / FCF	-	-	-	758 x	-4.37 x	-41.8 x	58.5 x	-44.1 x
FCF Yield	-	-	-	0.13%	-22.9%	-2.39%	1.71%	-2.27%
Price to Book	0.99 x	-	-	0.9 x	0.85 x	1.12 x	1.06 x	0.99 x
Nbr of stocks (in thousands)	6,507,449	6,507,449	6,507,449	6,568,973	6,520,949	6,520,949	-	-
Reference price ²	4.170	3.880	5.240	4.200	4.230	5.900	5.900	5.900
Announcement Date	4/30/20	4/28/21	4/27/22	4/27/23	2/2/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	15,811	17,023	-	20,578	18,899	22,254	23,635	25,491
EBITDA ¹	-	-	-	3,761	4,831	7,663	8,503	9,674
EBIT ¹	2,434	-	-	1,581	2,350	3,474	3,886	4,364
Operating Margin	15.39%	-	-	7.68%	12.43%	15.61%	16.44%	17.12%
Earnings before Tax (EBT) ¹	2,457	-	-	1,626	2,354	3,497	3,908	4,387
Net income ¹	1,499	-	2,339	1,163	1,811	2,812	3,144	3,531
Net margin	9.48%	-	-	5.65%	9.58%	12.63%	13.3%	13.85%
EPS ²	0.2300	0.3800	0.3600	0.1800	0.2800	0.4300	0.4800	0.5450
Free Cash Flow ¹	-	-	-	36.4	-6,319	-921	658	-872
FCF margin	-	-	-	0.18%	-33.43%	-4.14%	2.78%	-3.42%
FCF Conversion (EBITDA)	-	-	-	0.97%	-	-	7.74%	-
FCF Conversion (Net income)	-	-	-	3.13%	-	-	20.93%	-
Dividend per Share ²	0.1000	-	-	0.0600	0.0900	0.1400	0.1600	0.1800
Announcement Date	4/30/20	4/28/21	4/27/22	4/27/23	2/2/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S1	2023 S1
Net sales	7,954	-
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income ¹	-	901.5
Net margin	-	-
EPS ²	-	0.1400
Dividend per Share	-	-
Announcement Date	8/27/20	8/22/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	36.4	-6,319	-921	658	-872
ROE (net income / shareholders' equity)	5.6%	-	-	3.81%	5.73%	8.24%	8.91%	9.13%
ROA (Net income/ Total Assets)	2.76%	-	-	-	-	-	-	-
Assets ¹	54,295	-	-	-	-	-	-	-
Book Value Per Share ²	4.190	-	-	4.670	4.950	5.260	5.590	5.960
Cash Flow per Share ²	-	-	-	0.9400	0.5000	1.080	1.200	1.350
Capex ¹	3,795	-	-	6,166	9,584	8,123	8,906	10,695
Capex / Sales	24%	-	-	29.96%	50.71%	36.5%	37.68%	41.95%
Announcement Date	4/30/20	4/28/21	4/27/22	4/27/23	2/2/24	-	-	-

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

Ratings for Hubei Energy Group Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.9 CNY

Average target price

6.502 CNY

Spread / Average Target

+10.21%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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