STATE GRID YINGDA CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.1 CNY | +2.20% |
|
+4.08% | +6.92% |
| Apr. 30 | State Grid Yingda's Q1 Profit Slides 8.5% | MT |
| Apr. 29 | State Grid Yingda Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,313 | 11,175 | 34,768 | 41,687 | 27,677 | 27,277 |
| Enterprise Value (EV) 1 | 4,167 | 11,017 | 26,122 | 32,458 | 16,411 | 11,496 |
| P/E ratio | 318 x | 705 x | 29 x | 34.1 x | 25.9 x | 20 x |
| Yield | - | - | 1.02% | 0.91% | 1.18% | 1.51% |
| Capitalization / Revenue | 0.87 x | 2.16 x | 4.3 x | 4.39 x | 2.55 x | 2.5 x |
| EV / Revenue | 0.85 x | 2.13 x | 3.23 x | 3.42 x | 1.51 x | 1.06 x |
| EV / EBITDA | 28.2 x | 101 x | 12.1 x | 11.8 x | 5.72 x | 3.76 x |
| EV / FCF | 53 x | 116 x | 13.7 x | 22.9 x | 7.36 x | 7.46 x |
| FCF Yield | 1.89% | 0.86% | 7.3% | 4.36% | 13.6% | 13.4% |
| Price to Book | 1.26 x | 3.26 x | 2.01 x | 2.27 x | 1.47 x | 1.37 x |
| Nbr of stocks (in thousands) | 1,356,168 | 1,356,168 | 5,718,436 | 5,718,436 | 5,718,436 | 5,718,436 |
| Reference price 2 | 3.180 | 8.240 | 6.080 | 7.290 | 4.840 | 4.770 |
| Announcement Date | 4/19/19 | 4/28/20 | 4/16/21 | 4/20/22 | 4/26/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,929 | 5,177 | 8,092 | 9,485 | 10,861 | 10,895 |
| EBITDA 1 | 147.6 | 109.1 | 2,154 | 2,759 | 2,869 | 3,058 |
| EBIT 1 | 41.64 | 8.334 | 2,003 | 2,598 | 2,708 | 2,874 |
| Operating Margin | 0.84% | 0.16% | 24.76% | 27.39% | 24.93% | 26.38% |
| Earnings before Tax (EBT) 1 | 21.87 | 52.08 | 2,014 | 2,030 | 1,873 | 2,304 |
| Net income 1 | 19.37 | 15.86 | 1,176 | 1,224 | 1,069 | 1,364 |
| Net margin | 0.39% | 0.31% | 14.53% | 12.9% | 9.84% | 12.52% |
| EPS 2 | 0.0100 | 0.0117 | 0.2100 | 0.2140 | 0.1870 | 0.2390 |
| Free Cash Flow 1 | 78.59 | 94.77 | 1,907 | 1,416 | 2,230 | 1,541 |
| FCF margin | 1.59% | 1.83% | 23.57% | 14.93% | 20.53% | 14.15% |
| FCF Conversion (EBITDA) | 53.26% | 86.83% | 88.54% | 51.33% | 77.72% | 50.4% |
| FCF Conversion (Net income) | 405.61% | 597.46% | 162.2% | 115.69% | 208.55% | 112.98% |
| Dividend per Share | - | - | 0.0620 | 0.0660 | 0.0570 | 0.0720 |
| Announcement Date | 4/19/19 | 4/28/20 | 4/16/21 | 4/20/22 | 4/26/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 146 | 158 | 8,646 | 9,230 | 11,266 | 15,780 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 78.6 | 94.8 | 1,907 | 1,416 | 2,230 | 1,541 |
| ROE (net income / shareholders' equity) | 0.22% | 0.43% | 8.21% | 7.51% | 6.68% | 7.89% |
| ROA (Net income/ Total Assets) | 0.29% | 0.06% | 3.44% | 3.84% | 3.79% | 4.04% |
| Assets 1 | 6,697 | 26,750 | 34,189 | 31,885 | 28,240 | 33,765 |
| Book Value Per Share 2 | 2.530 | 2.520 | 3.020 | 3.210 | 3.290 | 3.490 |
| Cash Flow per Share 2 | 0.9500 | 0.6400 | 1.000 | 1.280 | 1.380 | 1.100 |
| Capex 1 | 76.3 | 113 | 62.6 | 117 | 147 | 196 |
| Capex / Sales | 1.55% | 2.19% | 0.77% | 1.23% | 1.35% | 1.8% |
| Announcement Date | 4/19/19 | 4/28/20 | 4/16/21 | 4/20/22 | 4/26/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +6.92% | 4.03B | |
| +8.48% | 10.39B | |
| +79.34% | 4.79B | |
| +59.08% | 3.49B | |
| +8.91% | 3.2B | |
| +81.47% | 3.54B | |
| +23.09% | 2.93B | |
| +24.22% | 2.02B | |
| -8.75% | 1.89B | |
| +54.72% | 1.89B |
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