SHANXI COAL INTERNATIONAL ENERGY GROUP CO.,LTD

Financials Shanxi Coal International Energy Group Co.,Ltd

Equities

600546

CNE000001FH8

Coal

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
15.02 ^CNY	+1.76%		+4.96%	-14.22%

Apr. 26	Shanxi Coal International Energy Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Shanxi Coal International Energy's 2023 Profit Slides 39%	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,838	16,871	16,276	28,726	34,713	29,776	-	-
Enterprise Value (EV) ¹	13,838	16,871	16,276	28,726	34,713	29,776	29,776	29,776
P/E ratio	11.8 x	20.3 x	3.3 x	4.12 x	8.14 x	7.3 x	6.15 x	6.17 x
Yield	0.86%	0.78%	19.1%	12.4%	3.71%	7.26%	11.3%	10.1%
Capitalization / Revenue	0.37 x	0.48 x	0.34 x	0.62 x	0.93 x	0.79 x	0.75 x	0.74 x
EV / Revenue	0.37 x	0.48 x	0.34 x	0.62 x	0.93 x	0.79 x	0.75 x	0.74 x
EV / EBITDA	-	-	-	1.66 x	2.98 x	2.92 x	2.21 x	2.28 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.64 x	2.39 x	1.38 x	1.91 x	2.21 x	1.68 x	1.48 x	1.35 x
Nbr of stocks (in thousands)	1,982,456	1,982,456	1,982,456	1,982,456	1,982,456	1,982,456	-	-
Reference price ²	6.980	8.510	8.210	14.49	17.51	15.02	15.02	15.02
Announcement Date	4/28/20	4/9/21	3/3/22	3/27/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	37,657	35,422	48,054	46,391	37,371	37,638	39,631	40,087
EBITDA ¹	-	-	-	17,316	11,637	10,193	13,480	13,038
EBIT ¹	2,774	1,983	11,210	15,554	9,784	9,246	10,832	10,884
Operating Margin	7.37%	5.6%	23.33%	33.53%	26.18%	24.57%	27.33%	27.15%
Earnings before Tax (EBT) ¹	2,519	1,783	11,001	15,121	9,496	8,977	10,597	10,628
Net income ¹	1,173	826.5	4,938	6,981	4,260	4,074	4,846	4,826
Net margin	3.11%	2.33%	10.28%	15.05%	11.4%	10.82%	12.23%	12.04%
EPS ²	0.5900	0.4200	2.490	3.520	2.150	2.058	2.442	2.435
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0600	0.0660	1.567	1.800	0.6500	1.090	1.690	1.510
Announcement Date	4/28/20	4/9/21	3/3/22	3/27/23	3/29/24	-	-	-

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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	16.9%	9.34%	43.6%	52.1%	28.5%	20.7%	22%	19.6%
ROA (Net income/ Total Assets)	2.56%	1.98%	11.4%	-	-	8.07%	9.08%	8.05%
Assets ¹	45,791	41,680	43,306	-	-	50,486	53,346	59,991
Book Value Per Share ²	4.260	3.560	5.970	7.570	7.910	8.930	10.10	11.10
Cash Flow per Share ²	1.630	2.160	8.190	6.810	3.020	4.410	5.100	5.270
Capex ¹	679	662	640	1,635	1,945	1,802	1,641	1,724
Capex / Sales	1.8%	1.87%	1.33%	3.52%	5.21%	4.79%	4.14%	4.3%
Announcement Date	4/28/20	4/9/21	3/3/22	3/27/23	3/29/24	-	-	-

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 Shanxi Coal International Energy Group Co.,Ltd

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.02 CNY

Average target price

21 CNY

Spread / Average Target

+39.81%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Coal

	1st Jan change	Capi.
SHANXI COAL INTERNATIONAL ENERGY GROUP CO.,LTD	-14.22%	4.05B
CHINA SHENHUA ENERGY COMPANY LIMITED	+28.79%	106B
PT BAYAN RESOURCES TBK.	-5.03%	39.56B
COAL INDIA LIMITED	+23.52%	33.68B
SHAANXI COAL INDUSTRY COMPANY LIMITED	+20.44%	32.23B
YANKUANG ENERGY GROUP COMPANY LIMITED	+26.55%	21.37B
CHINA COAL ENERGY COMPANY LIMITED	+20.56%	19.71B
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO., LTD.	+5.02%	9.15B
SHANXI COKING COAL ENERGY GROUP CO., LTD.	+11.23%	8.4B
HUAIBEI MINING HOLDINGS CO.,LTD.	+19.06%	7.26B

Other Coal