CHINA LONGYUAN POWER GROUP CORPORATION LIMITED Financials China Longyuan Power Group Corporation Limited
Equities
916
CNE100000HD4
Electric Utilities
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.7 HKD | -2.76% |
|
+2.45% | +13.18% |
| May. 17 | China Longyuan Power Issues 2 Billion Yuan Ultra-Short-Term Bonds; Hong Kong Shares Up 3% | MT |
| May. 16 | Longyuan Power Issues 2 Billion Yuan of Bonds | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 35,407 | 52,555 | 119,176 | 120,114 | 117,929 | 112,505 | - | - |
| Enterprise Value (EV) 1 | 110,095 | 138,100 | 210,983 | 220,255 | 229,167 | 245,056 | 256,852 | 265,116 |
| P/E ratio | 8.19 x | 11.1 x | 19.4 x | 14.4 x | - | 6.17 x | 5.4 x | 5.01 x |
| Yield | 2.44% | 1.8% | 0.99% | 1.39% | - | 4.13% | 4.73% | 5.24% |
| Capitalization / Revenue | 1.29 x | 1.83 x | 3.2 x | 3.01 x | 3.13 x | 2.77 x | 2.49 x | 2.31 x |
| EV / Revenue | 4 x | 4.82 x | 5.67 x | 5.53 x | 6.09 x | 6.02 x | 5.69 x | 5.44 x |
| EV / EBITDA | 6.26 x | 7.76 x | 10.1 x | 11.9 x | 12.1 x | 9.07 x | 8.43 x | 7.98 x |
| EV / FCF | 61.4 x | -17.4 x | -229 x | 30.2 x | -45.6 x | -21.1 x | -32.7 x | 29.5 x |
| FCF Yield | 1.63% | -5.75% | -0.44% | 3.31% | -2.19% | -4.73% | -3.06% | 3.38% |
| Price to Book | 0.58 x | 0.91 x | 1.89 x | 1.03 x | - | 0.69 x | 0.62 x | 0.55 x |
| Nbr of stocks (in thousands) | 8,036,389 | 8,036,389 | 8,036,389 | 8,381,963 | 8,371,628 | 8,359,816 | - | - |
| Reference price 2 | 4.406 | 6.540 | 14.83 | 8.426 | 5.381 | 6.211 | 6.211 | 6.211 |
| Announcement Date | 3/27/20 | 3/30/21 | 3/30/22 | 3/29/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 27,541 | 28,667 | 37,195 | 39,863 | 37,642 | 40,688 | 45,171 | 48,768 |
| EBITDA 1 | 17,580 | 17,791 | 20,853 | 18,454 | 18,866 | 27,018 | 30,461 | 33,215 |
| EBIT 1 | 9,946 | 10,056 | 12,558 | 7,686 | 8,158 | 12,432 | 13,861 | 17,740 |
| Operating Margin | 36.11% | 35.08% | 33.76% | 19.28% | 21.67% | 30.55% | 30.69% | 36.38% |
| Earnings before Tax (EBT) 1 | 6,450 | 6,922 | 8,756 | 7,638 | 8,239 | 11,110 | 13,123 | 14,143 |
| Net income 1 | 4,325 | 4,726 | 6,159 | 5,112 | 6,249 | 7,980 | 9,032 | 10,403 |
| Net margin | 15.7% | 16.49% | 16.56% | 12.82% | 16.6% | 19.61% | 20% | 21.33% |
| EPS 2 | 0.5382 | 0.5881 | 0.7663 | 0.5863 | - | 1.007 | 1.150 | 1.239 |
| Free Cash Flow 1 | 1,792 | -7,942 | -921.4 | 7,286 | -5,022 | -11,599 | -7,853 | 8,974 |
| FCF margin | 6.51% | -27.7% | -2.48% | 18.28% | -13.34% | -28.51% | -17.38% | 18.4% |
| FCF Conversion (EBITDA) | 10.19% | - | - | 39.48% | - | - | - | 27.02% |
| FCF Conversion (Net income) | 41.43% | - | - | 142.53% | - | - | - | 86.26% |
| Dividend per Share 2 | 0.1076 | 0.1176 | 0.1470 | 0.1171 | - | 0.2564 | 0.2936 | 0.3256 |
| Announcement Date | 3/27/20 | 3/30/21 | 3/30/22 | 3/29/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 13,503 | 14,218 | 14,449 | 17,877 | - | 19,319 | - | - | 21,662 | - | 18,199 | 19,847 |
| EBITDA | 7,709 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 3,830 | 6,338 | 3,718 | 8,109 | - | 4,448 | - | - | 8,196 | - | 3,707 | 8,616 |
| Operating Margin | 28.36% | 44.58% | 25.73% | 45.36% | - | 23.03% | - | - | 37.84% | - | 20.37% | 43.41% |
| Earnings before Tax (EBT) | 2,066 | 4,594 | 2,327 | 6,375 | - | - | - | - | - | - | - | - |
| Net income 1 | 1,117 | 3,210 | 1,517 | 4,420 | 1,101 | - | 2,258 | 1,958 | 4,216 | 1,146 | - | - |
| Net margin | 8.27% | 22.58% | 10.5% | 24.73% | - | - | - | - | 19.46% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | 0.1176 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/27/20 | 8/11/20 | 3/30/21 | 8/27/21 | 3/30/22 | 3/30/22 | 4/27/22 | 8/23/22 | 8/23/22 | 10/27/22 | 3/29/23 | 8/29/23 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 74,688 | 85,544 | 91,807 | 100,141 | 111,239 | 132,551 | 144,347 | 152,611 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.249 x | 4.808 x | 4.403 x | 5.426 x | 5.896 x | 4.906 x | 4.739 x | 4.595 x |
| Free Cash Flow 1 | 1,792 | -7,942 | -921 | 7,286 | -5,022 | -11,599 | -7,853 | 8,974 |
| ROE (net income / shareholders' equity) | 7.38% | 8.55% | 10.2% | 7.18% | 9.12% | 10.6% | 11.1% | 11.5% |
| ROA (Net income/ Total Assets) | 2.85% | 2.85% | 3.37% | 2.29% | 2.76% | 3.56% | 3.73% | 3.73% |
| Assets 1 | 151,651 | 166,044 | 182,571 | 223,591 | 226,276 | 224,170 | 242,456 | 278,619 |
| Book Value Per Share 2 | 7.550 | 7.180 | 7.830 | 8.180 | - | 9.040 | 10.10 | 11.20 |
| Cash Flow per Share 2 | 1.560 | 1.530 | 2.080 | 3.540 | - | 2.860 | 2.760 | 3.720 |
| Capex 1 | 11,787 | 20,215 | 17,676 | 22,320 | 18,906 | 29,815 | 34,770 | 27,999 |
| Capex / Sales | 42.8% | 70.52% | 47.52% | 55.99% | 50.23% | 73.28% | 76.98% | 57.41% |
| Announcement Date | 3/27/20 | 3/30/21 | 3/30/22 | 3/29/23 | 3/27/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
24
Last Close Price
6.216
CNY
Average target price
7.465
CNY
Spread / Average Target
+20.10%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +13.18% | 15.81B | |
| +6.18% | 18.48B | |
| +3.84% | 2.59B | |
| -4.72% | 2.43B | |
| +14.34% | 2.32B | |
| +26.76% | 1.79B | |
| +20.59% | 1.39B | |
| -3.54% | 1.35B | |
| 0.00% | 1.23B | |
| -6.17% | 1.17B |
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- Financials China Longyuan Power Group Corporation Limited
