ZHENGZHOU COAL INDUSTRY & ELECTRIC POWER CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.56 CNY | -1.11% |
|
-.--% | -12.32% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,944 | 2,888 | 11,356 | 5,824 | 6,141 | 4,947 |
| Enterprise Value (EV) 1 | 2,373 | 2,628 | 10,687 | 5,755 | 4,915 | 4,504 |
| P/E ratio | 19.3 x | -3.13 x | -12 x | -27.1 x | 90.3 x | 155 x |
| Yield | 1.73% | - | - | - | - | - |
| Capitalization / Revenue | 0.61 x | 0.81 x | 4.07 x | 1.81 x | 1.39 x | 1.14 x |
| EV / Revenue | 0.49 x | 0.73 x | 3.83 x | 1.79 x | 1.11 x | 1.04 x |
| EV / EBITDA | 1.89 x | 12.1 x | -309 x | 10.3 x | 4.18 x | 4.68 x |
| EV / FCF | 0.83 x | 4.4 x | 4.25 x | -26.8 x | 2.9 x | -10.4 x |
| FCF Yield | 121% | 22.7% | 23.5% | -3.73% | 34.4% | -9.59% |
| Price to Book | 0.87 x | 1.05 x | 6.27 x | 3.68 x | 3.73 x | 3.08 x |
| Nbr of stocks (in thousands) | 1,218,412 | 1,218,412 | 1,218,412 | 1,218,412 | 1,218,412 | 1,218,412 |
| Reference price 2 | 2.417 | 2.370 | 9.320 | 4.780 | 5.040 | 4.060 |
| Announcement Date | 4/22/19 | 4/28/20 | 4/29/21 | 4/18/22 | 4/10/23 | 3/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,810 | 3,580 | 2,793 | 3,212 | 4,423 | 4,323 |
| EBITDA 1 | 1,258 | 216.6 | -34.62 | 559.3 | 1,176 | 962.9 |
| EBIT 1 | 833.2 | -184 | -403.4 | 178.2 | 755.4 | 506.2 |
| Operating Margin | 17.32% | -5.14% | -14.44% | 5.55% | 17.08% | 11.71% |
| Earnings before Tax (EBT) 1 | 574.4 | -691.9 | -783.4 | 164.1 | 493.1 | 350.6 |
| Net income 1 | 152.5 | -921.9 | -944.1 | -215 | 68.02 | 31.98 |
| Net margin | 3.17% | -25.75% | -33.8% | -6.69% | 1.54% | 0.74% |
| EPS 2 | 0.1252 | -0.7566 | -0.7748 | -0.1764 | 0.0558 | 0.0262 |
| Free Cash Flow 1 | 2,875 | 597.6 | 2,513 | -214.6 | 1,693 | -432.2 |
| FCF margin | 59.77% | 16.69% | 89.98% | -6.68% | 38.28% | -10% |
| FCF Conversion (EBITDA) | 228.45% | 275.9% | - | - | 143.94% | - |
| FCF Conversion (Net income) | 1,885.57% | - | - | - | 2,489.66% | - |
| Dividend per Share 2 | 0.0417 | - | - | - | - | - |
| Announcement Date | 4/22/19 | 4/28/20 | 4/29/21 | 4/18/22 | 4/10/23 | 3/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 572 | 260 | 668 | 69.3 | 1,225 | 443 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,875 | 598 | 2,513 | -215 | 1,693 | -432 |
| ROE (net income / shareholders' equity) | 8.89% | -18.7% | -26.9% | -0.32% | 12.2% | 7.95% |
| ROA (Net income/ Total Assets) | 4.34% | -0.87% | -1.8% | 0.8% | 3.44% | 2.33% |
| Assets 1 | 3,513 | 106,026 | 52,388 | -26,998 | 1,976 | 1,374 |
| Book Value Per Share 2 | 2.780 | 2.260 | 1.490 | 1.300 | 1.350 | 1.320 |
| Cash Flow per Share 2 | 2.590 | 2.890 | 3.130 | 2.520 | 3.130 | 2.250 |
| Capex 1 | 26.9 | 141 | 7.33 | 64.4 | 99.2 | 391 |
| Capex / Sales | 0.56% | 3.94% | 0.26% | 2.01% | 2.24% | 9.06% |
| Announcement Date | 4/22/19 | 4/28/20 | 4/29/21 | 4/18/22 | 4/10/23 | 3/29/24 |
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. | |
|---|---|---|
| -12.32% | 599M | |
| +24.11% | 105B | |
| -4.02% | 39.65B | |
| +26.22% | 35.07B | |
| +17.42% | 32.86B | |
| +14.96% | 20.58B | |
| +10.42% | 18.99B | |
| -3.51% | 8.74B | |
| +6.28% | 8.24B | |
| +15.69% | 7.16B |
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- Financials Zhengzhou Coal Industry & Electric Power Co., Ltd.
