Financials Power Construction Corporation of China, Ltd

Equities

601669

CNE1000017G1

Construction & Engineering

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
5.08 CNY -2.31% Intraday chart for Power Construction Corporation of China, Ltd -1.74% +3.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 66,398 58,767 122,380 107,234 84,236 87,509 - -
Enterprise Value (EV) 1 281,848 274,551 374,841 351,998 381,218 366,541 370,117 87,509
P/E ratio 9.5 x 8.38 x 16.2 x 10.4 x 7.16 x 6.02 x 4.94 x 4.62 x
Yield 0.92% 2.39% 1.23% 1.7% 2.79% 2.78% 3.38% -
Capitalization / Revenue 0.19 x 0.15 x 0.27 x 0.19 x 0.14 x 0.13 x 0.11 x 0.11 x
EV / Revenue 0.81 x 0.68 x 0.84 x 0.62 x 0.63 x 0.56 x 0.46 x 0.11 x
EV / EBITDA 11.9 x 10.3 x 12.8 x 10.1 x 9.83 x 6.57 x 5.67 x 1.28 x
EV / FCF - - -20.7 x -15.9 x -7.79 x -4.46 x -4.89 x -
FCF Yield - - -4.82% -6.3% -12.8% -22.4% -20.4% -
Price to Book 0.62 x 0.65 x 1.25 x 0.92 x 0.65 x 0.5 x 0.46 x 0.42 x
Nbr of stocks (in thousands) 15,299,035 15,146,035 15,146,035 15,146,035 17,226,159 17,226,159 - -
Reference price 2 4.340 3.880 8.080 7.080 4.890 5.080 5.080 5.080
Announcement Date 4/23/20 4/26/21 4/27/22 4/26/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 347,713 401,181 448,325 571,649 608,439 654,113 808,489 787,059
EBITDA 1 23,663 26,565 29,243 34,815 38,794 55,782 65,242 68,624
EBIT 1 13,644 16,228 16,592 19,055 20,800 23,763 30,769 30,749
Operating Margin 3.92% 4.05% 3.7% 3.33% 3.42% 3.63% 3.81% 3.91%
Earnings before Tax (EBT) 1 13,686 16,207 16,749 19,247 20,916 23,815 30,499 30,828
Net income 1 7,239 7,987 8,632 11,435 12,988 14,482 17,705 18,896
Net margin 2.08% 1.99% 1.93% 2% 2.13% 2.21% 2.19% 2.4%
EPS 2 0.4567 0.4632 0.4979 0.6828 0.6825 0.8433 1.028 1.100
Free Cash Flow 1 - - -18,068 -22,188 -48,911 -82,139 -75,672 -
FCF margin - - -4.03% -3.88% -8.04% -12.56% -9.36% -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0398 0.0926 0.0996 0.1201 0.1365 0.1414 0.1716 -
Announcement Date 4/23/20 4/26/21 4/27/22 4/26/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 3,021 3,758
Net margin - -
EPS 2 0.1705 0.2100
Dividend per Share - -
Announcement Date 4/27/23 8/24/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 215,450 215,784 252,461 244,764 296,982 279,032 282,608 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 9.105 x 8.123 x 8.633 x 7.03 x 7.655 x 5.002 x 4.332 x -
Free Cash Flow 1 - - -18,068 -22,188 -48,911 -82,139 -75,672 -
ROE (net income / shareholders' equity) 8.45% 7.85% 7.89% 9.95% 9.54% 8.4% 9.06% 9.18%
ROA (Net income/ Total Assets) 0.95% 0.94% 0.93% 0.98% - 1.2% 1.3% -
Assets 1 762,841 851,510 925,297 1,168,551 - 1,206,871 1,361,921 -
Book Value Per Share 2 7.030 6.020 6.470 7.720 7.520 10.10 11.10 12.00
Cash Flow per Share 2 0.6000 2.810 1.020 2.040 1.290 2.700 3.230 3.110
Capex 1 66,769 58,376 33,692 53,020 71,176 52,884 52,254 57,160
Capex / Sales 19.2% 14.55% 7.51% 9.27% 11.7% 8.08% 6.46% 7.26%
Announcement Date 4/23/20 4/26/21 4/27/22 4/26/23 4/25/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
5.08 CNY
Average target price
7.64 CNY
Spread / Average Target
+50.39%
Consensus

Annual profits - Rate of surprise

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