SHANGHAI ELECTRIC GROUP CO., LTD. Financials Shanghai Electric Group Co., Ltd. Shanghai S.E.
Equities
601727
CNE100000D55
Heavy Electrical Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.44 CNY | +1.37% |
|
+3.02% | +6.47% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 67,438 | 71,615 | 67,800 | 54,330 | 57,175 | 60,706 | - | - |
| Enterprise Value (EV) 1 | 91,231 | 91,530 | 88,887 | 68,163 | 73,824 | 35,962 | 32,853 | 60,706 |
| P/E ratio | 9.15 x | 8.35 x | -3.03 x | - | - | 5.08 x | 9.24 x | 8.67 x |
| Yield | - | 3.58% | - | - | - | 3.33% | 3.71% | 3.46% |
| Capitalization / Revenue | 0.53 x | 0.52 x | 0.52 x | 0.46 x | 0.5 x | 0.51 x | 0.47 x | 0.48 x |
| EV / Revenue | 0.72 x | 0.67 x | 0.68 x | 0.58 x | 0.65 x | 0.3 x | 0.25 x | 0.48 x |
| EV / EBITDA | 9.8 x | 10.5 x | -10.3 x | 93.1 x | 11.1 x | 4.73 x | 3.93 x | 8.87 x |
| EV / FCF | -6,332,702 x | - | - | - | - | - | - | - |
| FCF Yield | -0% | - | - | - | - | - | - | - |
| Price to Book | 0.54 x | 0.46 x | 0.52 x | - | - | 0.45 x | 0.4 x | - |
| Nbr of stocks (in thousands) | 15,152,462 | 15,107,223 | 15,705,971 | 15,579,809 | 15,579,809 | 15,579,809 | - | - |
| Reference price 2 | 2.288 | 2.003 | 1.939 | 1.554 | 1.482 | 1.544 | 1.544 | 1.544 |
| Announcement Date | 3/31/20 | 3/26/21 | 3/30/22 | 3/29/23 | 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 | 126,648 | 136,540 | 130,681 | 116,986 | 114,218 | 119,913 | 130,108 | 127,169 |
| EBITDA 1 | 9,306 | 8,721 | -8,645 | 732.2 | 6,658 | 6,011 | 8,363 | 7,784 |
| EBIT 1 | 6,928 | 6,063 | -10,838 | -2,024 | 3,355 | 5,325 | 5,888 | 4,839 |
| Operating Margin | 5.47% | 4.44% | -8.29% | -1.73% | 2.94% | 4.44% | 4.53% | 3.81% |
| Earnings before Tax (EBT) 1 | 7,092 | 6,346 | -10,290 | -1,975 | 3,295 | 4,599 | 5,328 | 4,779 |
| Net income 1 | 3,501 | 3,758 | -9,988 | -3,566 | 285.2 | 4,734 | 2,397 | 2,899 |
| Net margin | 2.76% | 2.75% | -7.64% | -3.05% | 0.25% | 3.95% | 1.84% | 2.28% |
| EPS 2 | 0.2500 | 0.2400 | -0.6400 | - | - | 0.3039 | 0.1672 | 0.1782 |
| Free Cash Flow | -14,406 | - | - | - | - | - | - | - |
| FCF margin | -11.38% | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.0718 | - | - | - | 0.0514 | 0.0572 | 0.0535 |
| Announcement Date | 3/31/20 | 3/26/21 | 3/30/22 | 3/29/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS 1 | -0.3487 | 0.000800 | -0.0608 | -0.0272 | 0.0235 | 0.0165 | 0.0100 | 0.002100 | 0.0200 | 0.0200 | 0.1200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/30/22 | 4/29/22 | 8/29/22 | 10/28/22 | 4/25/23 | 8/30/23 | 10/30/23 | 4/29/24 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 23,793 | 19,916 | 21,087 | 13,833 | 16,649 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 24,744 | 27,853 | - |
| Leverage (Debt/EBITDA) | 2.557 x | 2.284 x | -2.439 x | 18.89 x | 2.501 x | - | - | - |
| Free Cash Flow | -1,771 | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 5.8% | 5.79% | -15.7% | -6.31% | 0.53% | 5.01% | 5.13% | 5.02% |
| ROA (Net income/ Total Assets) | 1.4% | 1.26% | -3.24% | - | - | 1% | 1.3% | 1.7% |
| Assets 1 | 249,539 | 298,031 | 308,079 | - | - | 473,431 | 184,416 | 170,545 |
| Book Value Per Share 2 | 4.250 | 4.380 | 3.700 | - | - | 3.460 | 3.850 | - |
| Cash Flow per Share 2 | 0.6700 | 0.2900 | -0.6700 | - | - | 0.4200 | 0.2300 | 0.4700 |
| Capex 1 | 4,462 | 4,551 | 2,831 | 3,542 | 3,098 | 4,802 | 3,904 | 3,588 |
| Capex / Sales | 3.52% | 3.33% | 2.17% | 3.03% | 2.71% | 4% | 3% | 2.82% |
| Announcement Date | 3/31/20 | 3/26/21 | 3/30/22 | 3/29/23 | 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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
1.544
CNY
Average target price
1.759
CNY
Spread / Average Target
+13.91%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +26.43% | 96.15B | |
| +53.26% | 26.3B | |
| +53.66% | 18.22B | |
| +27.64% | 10.6B | |
| +8.99% | 8.1B | |
| +35.43% | 8.03B | |
| +144.04% | 6.42B | |
| +52.54% | 5.33B | |
| +139.24% | 4.55B |
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