Financials Beijing Jingneng Clean Energy Co., Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:08 2024-06-04 am EDT			5-day change	1st Jan Change
2.09 ^HKD	+0.97%		+2.96%	+20.81%

May. 29	Beijing Jingneng Clean Energy's Unit Hires Affiliate for Construction Services	MT
Apr. 26	Beijing Jingneng Clean Energy Co., Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,020	17,625	16,996	13,398	12,964	15,805	-	-
Enterprise Value (EV) ¹	36,207	50,919	56,416	13,398	12,964	15,805	15,805	15,805
P/E ratio	4.79 x	7.65 x	7.18 x	4.71 x	4.23 x	4.79 x	3.91 x	3.2 x
Yield	5.94%	3.22%	3.41%	-	-	-	-	-
Capitalization / Revenue	0.61 x	1.04 x	0.93 x	-	0.63 x	0.76 x	0.7 x	0.64 x
EV / Revenue	0.61 x	1.04 x	0.93 x	-	0.63 x	0.76 x	0.7 x	0.64 x
EV / EBITDA	1.64 x	2.62 x	2.21 x	-	1.43 x	1.65 x	1.41 x	1.22 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.44 x	0.72 x	0.65 x	-	-	0.48 x	0.45 x	0.42 x
Nbr of stocks (in thousands)	8,244,508	8,244,508	8,244,508	8,244,508	8,244,508	8,244,508	-	-
Reference price ²	1.215	2.138	2.061	1.625	1.572	1.917	1.917	1.917
Announcement Date	3/31/20	3/30/21	3/29/22	3/28/23	3/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	16,389	17,003	18,359	-	20,446	20,892	22,714	24,706
EBITDA ¹	6,095	6,728	7,686	-	9,036	9,569	11,209	13,001
EBIT	3,642	3,917	4,566	-	-	-	-	-
Operating Margin	22.22%	23.04%	24.87%	-	-	-	-	-
Earnings before Tax (EBT) ¹	2,675	2,953	3,084	3,844	4,144	4,435	5,458	6,607
Net income ¹	2,091	2,303	2,368	-	3,058	3,279	4,057	4,930
Net margin	12.76%	13.55%	12.9%	-	14.95%	15.7%	17.86%	19.95%
EPS ²	0.2536	0.2794	0.2872	0.3453	0.3719	0.4000	0.4900	0.6000
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.0722	0.0688	0.0704	-	-	-	-	-
Announcement Date	3/31/20	3/30/21	3/29/22	3/28/23	3/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
Net Debt	26,187	33,293	39,420	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.296 x	4.948 x	5.129 x	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.55%	9.77%	9.33%	-	10.4%	12%	13.5%
ROA (Net income/ Total Assets)	-	3.54%	3.1%	-	3.36%	3.85%	4.45%
Assets ¹	-	65,131	76,287	-	97,589	105,377	110,787
Book Value Per Share ²	2.750	2.970	3.190	-	3.960	4.250	4.580
Cash Flow per Share	0.6200	0.3200	0.6000	-	-	-	-
Capex ¹	4,336	7,236	8,838	-	11,652	17,135	10,413
Capex / Sales	26.46%	42.56%	48.14%	-	55.77%	75.44%	42.15%
Announcement Date	3/31/20	3/30/21	3/29/22	3/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.917 CNY

Average target price

1.855 CNY

Spread / Average Target

-3.24%

	1st Jan change	Capi.
BEIJING JINGNENG CLEAN ENERGY CO., LIMITED	+20.81%	2.18B
HUANENG POWER INTERNATIONAL, INC.	+29.71%	16.81B
JSW ENERGY LIMITED	+35.59%	13.82B
GULF ENERGY DEVELOPMENT	-8.99%	12.96B
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD.	+46.20%	12.48B
SHAANXI ENERGY INVESTMENT CO., LTD.	+29.71%	5.74B
JIANGSU GUOXIN CORP. LTD.	+22.07%	4.18B
ABOITIZ POWER CORPORATION	-10.05%	4.18B
GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD.	+14.93%	3.67B
GLOBAL POWER SYNERGY	-3.09%	3.61B