XINTE ENERGY CO., LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.24 HKD | +1.65% |
|
+4.89% | -15.72% |
| Mar. 27 | Jefferies Adjusts Xinte Energy’s Price Target to HK$12.26 From HK$13.66, Keeps at Buy | MT |
| Mar. 26 | Xinte Energy’s Profit Down 67% in 2023 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,469 | 11,271 | 16,825 | 18,237 | 14,219 | 11,985 | - | - |
| Enterprise Value (EV) 1 | 5,469 | 25,727 | 27,553 | 32,328 | 22,961 | 27,056 | 24,999 | 13,461 |
| P/E ratio | 13.4 x | 16.2 x | 3 x | 1.36 x | 3.27 x | 6.76 x | 3.53 x | 3.02 x |
| Yield | - | 1.06% | 9.35% | - | - | 14.4% | 8.17% | 8.07% |
| Capitalization / Revenue | - | 0.83 x | 0.75 x | 0.49 x | 0.46 x | 0.48 x | 0.36 x | 0.37 x |
| EV / Revenue | - | 1.9 x | 1.22 x | 0.86 x | 0.75 x | 1.07 x | 0.76 x | 0.42 x |
| EV / EBITDA | - | 9.87 x | 3.52 x | 1.72 x | 2.7 x | 5.84 x | 2.68 x | 1.35 x |
| EV / FCF | - | -6.29 x | -6.71 x | -2.27 x | - | 11.6 x | 10.5 x | 3.04 x |
| FCF Yield | - | -15.9% | -14.9% | -44% | - | 8.63% | 9.49% | 32.8% |
| Price to Book | - | 0.93 x | 0.84 x | - | - | 0.31 x | 0.29 x | 0.28 x |
| Nbr of stocks (in thousands) | 1,200,000 | 1,200,000 | 1,430,000 | 1,430,000 | 1,430,000 | 1,430,000 | - | - |
| Reference price 2 | 4.558 | 9.393 | 11.77 | 12.75 | 9.943 | 8.381 | 8.381 | 8.381 |
| Announcement Date | 4/29/20 | 3/31/21 | 3/25/22 | 3/1/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 13,507 | 22,523 | 37,541 | 30,752 | 25,228 | 32,958 | 31,995 |
| EBITDA 1 | - | 2,606 | 7,832 | 18,761 | 8,495 | 4,629 | 9,333 | 9,940 |
| EBIT 1 | - | 1,498 | 6,302 | 16,848 | 6,069 | 2,701 | 5,072 | 28,393 |
| Operating Margin | - | 11.09% | 27.98% | 44.88% | 19.74% | 10.71% | 15.39% | 88.74% |
| Earnings before Tax (EBT) 1 | - | 965.7 | 6,318 | 16,815 | 6,105 | 2,015 | 4,512 | 4,602 |
| Net income 1 | 402.6 | 695.4 | 4,955 | 13,395 | 4,345 | 1,537 | 3,393 | 3,522 |
| Net margin | - | 5.15% | 22% | 35.68% | 14.13% | 6.09% | 10.3% | 11.01% |
| EPS 2 | 0.3400 | 0.5800 | 3.920 | 9.370 | 3.038 | 1.239 | 2.373 | 2.780 |
| Free Cash Flow 1 | - | -4,088 | -4,107 | -14,235 | - | 2,336 | 2,372 | 4,421 |
| FCF margin | - | -30.27% | -18.23% | -37.92% | - | 9.26% | 7.2% | 13.82% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 50.46% | 25.42% | 44.48% |
| FCF Conversion (Net income) | - | - | - | - | - | 152.03% | 69.92% | 125.53% |
| Dividend per Share 2 | - | 0.1000 | 1.100 | - | - | 1.210 | 0.6845 | 0.6762 |
| Announcement Date | 4/29/20 | 3/31/21 | 3/25/22 | 3/1/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2022 S1 |
|---|---|---|
| Net sales | - | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | 1.738 | 5,617 |
| Net margin | - | - |
| EPS | - | - |
| Dividend per Share | - | - |
| Announcement Date | 8/28/20 | 8/26/22 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 14,455 | 10,728 | 14,091 | 8,741 | 15,071 | 13,014 | 1,476 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 5.547 x | 1.37 x | 0.7511 x | 1.029 x | 3.255 x | 1.394 x | 0.1485 x |
| Free Cash Flow 1 | - | -4,088 | -4,107 | -14,235 | - | 2,336 | 2,373 | 4,421 |
| ROE (net income / shareholders' equity) | - | 5.92% | 30.9% | 51.7% | 12.8% | 4.66% | 8.12% | 9.04% |
| ROA (Net income/ Total Assets) | - | 1.59% | 9.57% | 19.5% | 5.26% | 1.93% | 4.3% | 4.8% |
| Assets 1 | - | 43,647 | 51,756 | 68,730 | 82,542 | 79,476 | 78,914 | 73,375 |
| Book Value Per Share 2 | - | 10.10 | 14.00 | - | - | 27.00 | 29.00 | 30.30 |
| Cash Flow per Share 2 | - | - | 3.410 | 8.910 | - | 1.500 | 5.650 | 7.130 |
| Capex 1 | - | 6,340 | 8,411 | 14,457 | - | 9,162 | 4,810 | 4,001 |
| Capex / Sales | - | 46.94% | 37.34% | 38.51% | - | 36.32% | 14.6% | 12.5% |
| Announcement Date | 4/29/20 | 3/31/21 | 3/25/22 | 3/1/23 | 3/26/24 | - | - | - |
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
8
Last Close Price
8.381
CNY
Average target price
11.62
CNY
Spread / Average Target
+38.64%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.72% | 1.72B | |
| +2.56% | 10.77B | |
| +65.34% | 1.9B | |
| -32.03% | 1.7B | |
| +15.28% | 1.05B | |
| -7.13% | 756M | |
| -8.51% | 623M | |
| -43.21% | 514M | |
| -23.97% | 416M | |
| -12.73% | 364M |
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