CGN POWER CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.83 HKD | +3.66% |
|
+12.30% | +38.73% |
| Apr. 25 | CGN Power’s Profit Up 3% in Q1 | MT |
| Apr. 24 | CGN Power Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 162,317 | 126,565 | 144,697 | 123,984 | 143,192 | 189,701 | - | - |
| Enterprise Value (EV) 2 | 334,551 | 322,653 | 307,847 | 307,012 | 303,956 | 359,039 | 358,197 | 350,775 |
| P/E ratio | 9.32 x | 7.4 x | 9.99 x | 8.3 x | 8.88 x | 11.1 x | 10.9 x | 10.7 x |
| Yield | 3.98% | 5.72% | 4.36% | 5.32% | 4.99% | 3.95% | 4.19% | 4.44% |
| Capitalization / Revenue | 2.67 x | 1.79 x | 1.79 x | 1.5 x | 1.73 x | 2.17 x | 2.06 x | 1.99 x |
| EV / Revenue | 5.5 x | 4.57 x | 3.82 x | 3.71 x | 3.68 x | 4.1 x | 3.89 x | 3.68 x |
| EV / EBITDA | 12.6 x | 11.6 x | 8.64 x | 10.5 x | 9.34 x | 9.4 x | 9.15 x | 8.73 x |
| EV / FCF | 22.7 x | 19.4 x | 15 x | 15.7 x | 16.1 x | 22.3 x | 17.3 x | 16.9 x |
| FCF Yield | 4.4% | 5.16% | 6.65% | 6.36% | 6.21% | 4.49% | 5.77% | 5.9% |
| Price to Book | 1.07 x | 0.74 x | 0.96 x | 0.77 x | 0.84 x | 1.1 x | 1.04 x | 0.98 x |
| Nbr of stocks (in thousands) | 50,498,611 | 50,498,611 | 50,498,611 | 50,498,611 | 50,498,611 | 50,498,611 | - | - |
| Reference price 3 | 2.080 | 1.670 | 2.370 | 1.860 | 2.040 | 2.830 | 2.830 | 2.830 |
| Announcement Date | 2/26/20 | 3/18/21 | 3/17/22 | 3/15/23 | 3/27/24 | - | - | - |
1HKD in Million2CNY in Million3HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 60,875 | 70,585 | 80,679 | 82,822 | 82,549 | 87,524 | 92,198 | 95,279 |
| EBITDA 1 | 26,636 | 27,782 | 35,641 | 29,272 | 32,535 | 38,179 | 39,145 | 40,168 |
| EBIT 1 | 16,588 | 16,892 | 24,528 | 18,845 | 20,594 | 25,847 | 25,776 | 26,895 |
| Operating Margin | 27.25% | 23.93% | 30.4% | 22.75% | 24.95% | 29.53% | 27.96% | 28.23% |
| Earnings before Tax (EBT) 1 | 16,555 | 16,850 | 18,126 | 18,699 | 20,531 | 22,369 | 22,900 | 23,966 |
| Net income 1 | 9,466 | 9,562 | 9,733 | 9,965 | 10,725 | 11,984 | 12,121 | 13,250 |
| Net margin | 15.55% | 13.55% | 12.06% | 12.03% | 12.99% | 13.69% | 13.15% | 13.91% |
| EPS 2 | 0.2231 | 0.2256 | 0.2374 | 0.2241 | 0.2298 | 0.2551 | 0.2585 | 0.2648 |
| Free Cash Flow 1 | 14,725 | 16,652 | 20,470 | 19,529 | 18,874 | 16,104 | 20,684 | 20,703 |
| FCF margin | 24.19% | 23.59% | 25.37% | 23.58% | 22.86% | 18.4% | 22.43% | 21.73% |
| FCF Conversion (EBITDA) | 55.28% | 59.94% | 57.43% | 66.72% | 58.01% | 42.18% | 52.84% | 51.54% |
| FCF Conversion (Net income) | 155.56% | 174.14% | 210.33% | 195.98% | 175.99% | 134.38% | 170.64% | 156.25% |
| Dividend per Share 2 | 0.0829 | 0.0955 | 0.1033 | 0.0990 | 0.1018 | 0.1119 | 0.1187 | 0.1257 |
| Announcement Date | 2/26/20 | 3/18/21 | 3/17/22 | 3/15/23 | 3/27/24 | - | - | - |
1CNY in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2023 Q1 |
|---|---|---|
| Net sales | 39,078 | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | 7,898 | - |
| Net income 1 | 4,357 | 3,486 |
| Net margin | 11.15% | - |
| EPS | - | - |
| Dividend per Share | - | - |
| Announcement Date | 3/18/21 | 4/25/23 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 172,234 | 196,088 | 163,149 | 183,027 | 160,763 | 169,338 | 168,497 | 161,074 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.466 x | 7.058 x | 4.578 x | 6.253 x | 4.941 x | 4.435 x | 4.304 x | 4.01 x |
| Free Cash Flow 1 | 14,725 | 16,652 | 20,470 | 19,529 | 18,874 | 16,104 | 20,684 | 20,703 |
| ROE (net income / shareholders' equity) | 11.8% | 10.4% | 9.92% | 9.63% | 9.64% | 9.98% | 9.23% | 9.37% |
| ROA (Net income/ Total Assets) | 2.5% | 2.45% | 2.46% | 2.42% | 2.58% | 3.48% | 3.41% | 3.7% |
| Assets 1 | 378,265 | 389,932 | 395,940 | 412,606 | 416,472 | 344,157 | 355,288 | 358,359 |
| Book Value Per Share 2 | 1.940 | 2.250 | 2.460 | 2.410 | 2.430 | 2.570 | 2.730 | 2.870 |
| Cash Flow per Share 2 | 0.7100 | 0.7100 | 0.8500 | 0.7100 | 0.7100 | 0.7700 | 0.7500 | 0.7700 |
| Capex 1 | 15,653 | 13,495 | 14,441 | 11,789 | 14,246 | 16,683 | 16,729 | 16,900 |
| Capex / Sales | 25.71% | 19.12% | 17.9% | 14.23% | 17.26% | 19.06% | 18.14% | 17.74% |
| Announcement Date | 2/26/20 | 3/18/21 | 3/17/22 | 3/15/23 | 3/27/24 | - | - | - |
1CNY in Million2HKD
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
BUY
Number of Analysts
12
Last Close Price
2.83
HKD
Average target price
2.704
HKD
Spread / Average Target
-4.47%
EPS Revisions
Annual profits - Rate of surprise
- Stock Market
- Equities
- 1816 Stock
- Financials CGN Power Co., Ltd.
