SICHUAN XICHANG ELECTRIC POWER CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.05 CNY | +1.00% |
|
+10.88% | -5.18% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,673 | 3,478 | 2,570 | 3,832 | 2,844 | 3,095 |
| Enterprise Value (EV) 1 | 2,418 | 4,632 | 4,013 | 5,739 | 4,917 | 4,931 |
| P/E ratio | 26.5 x | 93.9 x | 75.2 x | 90.1 x | 63 x | -69.4 x |
| Yield | 1.13% | 0.32% | 0.43% | 0.33% | 0.49% | - |
| Capitalization / Revenue | 1.77 x | 3.67 x | 2.67 x | 3.54 x | 2.22 x | 2.2 x |
| EV / Revenue | 2.56 x | 4.88 x | 4.17 x | 5.31 x | 3.83 x | 3.51 x |
| EV / EBITDA | 9.97 x | 22 x | 17.4 x | 25.7 x | 17.2 x | 17.4 x |
| EV / FCF | -6.5 x | -12.2 x | -31.6 x | -19.1 x | -37.5 x | 31.7 x |
| FCF Yield | -15.4% | -8.19% | -3.16% | -5.22% | -2.66% | 3.16% |
| Price to Book | 1.5 x | 2.95 x | 2.15 x | 3.12 x | 2.24 x | 2.55 x |
| Nbr of stocks (in thousands) | 364,568 | 364,568 | 364,568 | 364,568 | 364,568 | 364,568 |
| Reference price 2 | 4.590 | 9.540 | 7.050 | 10.51 | 7.800 | 8.490 |
| Announcement Date | 4/18/19 | 4/17/20 | 4/15/21 | 4/13/22 | 3/30/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 945.4 | 948.4 | 961.9 | 1,081 | 1,283 | 1,405 |
| EBITDA 1 | 242.5 | 210.4 | 231.2 | 223.3 | 285.7 | 283.4 |
| EBIT 1 | 112.5 | 81.12 | 83.14 | 77.57 | 112.6 | 35.63 |
| Operating Margin | 11.91% | 8.55% | 8.64% | 7.17% | 8.77% | 2.54% |
| Earnings before Tax (EBT) 1 | 88.57 | 58.69 | 53.85 | 62.81 | 64.38 | -51.85 |
| Net income 1 | 63.03 | 37.05 | 34.15 | 42.53 | 45.18 | -44.61 |
| Net margin | 6.67% | 3.91% | 3.55% | 3.93% | 3.52% | -3.18% |
| EPS 2 | 0.1729 | 0.1016 | 0.0937 | 0.1167 | 0.1239 | -0.1224 |
| Free Cash Flow 1 | -371.8 | -379.4 | -126.9 | -299.8 | -131 | 155.7 |
| FCF margin | -39.33% | -40.01% | -13.19% | -27.72% | -10.21% | 11.09% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 54.95% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0520 | 0.0310 | 0.0300 | 0.0350 | 0.0380 | - |
| Announcement Date | 4/18/19 | 4/17/20 | 4/15/21 | 4/13/22 | 3/30/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 744 | 1,154 | 1,443 | 1,907 | 2,074 | 1,836 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.07 x | 5.482 x | 6.241 x | 8.541 x | 7.26 x | 6.478 x |
| Free Cash Flow 1 | -372 | -379 | -127 | -300 | -131 | 156 |
| ROE (net income / shareholders' equity) | 5.47% | 3.4% | 2.87% | 3.17% | 3.12% | -4.8% |
| ROA (Net income/ Total Assets) | 2.56% | 1.55% | 1.39% | 1.16% | 1.56% | 0.49% |
| Assets 1 | 2,458 | 2,395 | 2,464 | 3,679 | 2,902 | -9,039 |
| Book Value Per Share 2 | 3.050 | 3.240 | 3.280 | 3.370 | 3.480 | 3.330 |
| Cash Flow per Share 2 | 0.9400 | 0.8100 | 0.8000 | 0.5800 | 0.7900 | 0.5700 |
| Capex 1 | 501 | 512 | 440 | 548 | 312 | 128 |
| Capex / Sales | 52.94% | 53.99% | 45.71% | 50.66% | 24.31% | 9.08% |
| Announcement Date | 4/18/19 | 4/17/20 | 4/15/21 | 4/13/22 | 3/30/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.18% | 405M | |
| +10.50% | 87.16B | |
| -11.54% | 16.65B | |
| +51.93% | 11.58B | |
| +10.78% | 11.28B | |
| -7.47% | 11.34B | |
| +8.30% | 9.17B | |
| +13.90% | 6.87B | |
| -3.33% | 5.22B | |
| +1.01% | 4.4B |
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- Financials Sichuan Xichang Electric Power Co.,Ltd.
