ZHEJIANG PROVINCIAL NEW ENERGY INVESTMENT GROUP CO., LTD. Financials Zhejiang Provincial New Energy Investment Group Co., Ltd.
Equities
600032
CNE1000051S5
Independent Power Producers
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.94 CNY | +0.51% |
|
-0.63% | -1.49% |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 32,157 | 23,899 | 19,382 | 19,093 | - | - |
| Enterprise Value (EV) 1 | 32,157 | 23,899 | 19,382 | 19,093 | 19,093 | 19,093 |
| P/E ratio | 67.5 x | 30.8 x | 29.5 x | 17.6 x | 14.4 x | 13.2 x |
| Yield | - | 0.7% | 0.87% | 1.76% | 2.14% | 2.27% |
| Capitalization / Revenue | - | 5.2 x | 4.28 x | 3.4 x | 3.2 x | 3.02 x |
| EV / Revenue | - | 5.2 x | 4.28 x | 3.4 x | 3.2 x | 3.02 x |
| EV / EBITDA | - | 8.2 x | 6.87 x | 4.67 x | 4.32 x | 4.09 x |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | - | 2.77 x | 1.6 x | 1.47 x | 1.36 x | 1.27 x |
| Nbr of stocks (in thousands) | 2,080,000 | 2,080,000 | 2,404,675 | 2,404,675 | - | - |
| Reference price 2 | 15.46 | 11.49 | 8.060 | 7.940 | 7.940 | 7.940 |
| Announcement Date | 3/11/22 | 4/27/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 4,598 | 4,523 | 5,618 | 5,970 | 6,324 |
| EBITDA 1 | - | 2,916 | 2,822 | 4,092 | 4,415 | 4,663 |
| EBIT 1 | - | 1,277 | 1,111 | 1,753 | 2,086 | 2,285 |
| Operating Margin | - | 27.77% | 24.55% | 31.2% | 34.94% | 36.13% |
| Earnings before Tax (EBT) 1 | - | 1,299 | 1,109 | 1,758 | 2,091 | 2,290 |
| Net income 1 | 456.5 | 775.2 | 627.2 | 1,083 | 1,325 | 1,451 |
| Net margin | - | 16.86% | 13.86% | 19.28% | 22.19% | 22.94% |
| EPS 2 | 0.2290 | 0.3727 | 0.2731 | 0.4500 | 0.5500 | 0.6000 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.0800 | 0.0700 | 0.1400 | 0.1700 | 0.1800 |
| Announcement Date | 3/11/22 | 4/27/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | 9.3% | 5.78% | 8.32% | 9.46% | 9.63% |
| ROA (Net income/ Total Assets) | - | 1.76% | - | 1.85% | 2.11% | 2.16% |
| Assets 1 | - | 44,123 | - | 58,541 | 62,796 | 67,176 |
| Book Value Per Share 2 | - | 4.150 | 5.030 | 5.410 | 5.830 | 6.260 |
| Cash Flow per Share 2 | - | 1.400 | 1.020 | 1.470 | 1.760 | 1.960 |
| Capex 1 | - | 3,214 | 4,166 | 2,582 | 2,342 | 2,273 |
| Capex / Sales | - | 69.9% | 92.09% | 45.96% | 39.23% | 35.94% |
| Announcement Date | 3/11/22 | 4/27/23 | 4/29/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
7.94
CNY
Average target price
9
CNY
Spread / Average Target
+13.35%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -1.49% | 2.64B | |
| +14.71% | 34.86B | |
| +8.57% | 23.35B | |
| -20.43% | 16.41B | |
| -3.86% | 6.95B | |
| -2.25% | 4.88B | |
| +0.12% | 4.54B | |
| -11.30% | 4.06B | |
| -2.85% | 3.07B | |
| +8.92% | 2.97B |
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- Financials Zhejiang Provincial New Energy Investment Group Co., Ltd.