BEIJING JINGNENG THERMAL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.57 CNY | +2.52% |
|
+14.27% | -2.76% |
| Apr. 26 | Beijing Jingneng Thermal Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 2023 | Beijing Jingneng Thermal Co., Ltd. Announces Executive Appointments | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,978 | 1,963 | 1,774 | 1,793 | 1,714 | 2,866 |
| Enterprise Value (EV) 1 | 1,957 | 2,018 | 2,257 | 2,214 | 1,931 | 2,458 |
| P/E ratio | 44.7 x | 41 x | 61.8 x | 63.1 x | 56.3 x | 43.5 x |
| Yield | 1.24% | 0.81% | - | - | 0.51% | - |
| Capitalization / Revenue | 2.05 x | 2.14 x | 1.86 x | 1.78 x | 1.67 x | 2.64 x |
| EV / Revenue | 2.03 x | 2.19 x | 2.37 x | 2.2 x | 1.88 x | 2.26 x |
| EV / EBITDA | 16.9 x | 14.4 x | 17.1 x | 13 x | 11.8 x | 11.9 x |
| EV / FCF | -84.4 x | -76.4 x | 18.4 x | 33 x | 31.8 x | 10.6 x |
| FCF Yield | -1.18% | -1.31% | 5.45% | 3.03% | 3.14% | 9.48% |
| Price to Book | 3.16 x | 3.09 x | 2.93 x | 2.83 x | 2.58 x | 2.21 x |
| Nbr of stocks (in thousands) | 207,836 | 207,674 | 205,057 | 202,800 | 202,800 | 263,640 |
| Reference price 2 | 9.515 | 9.454 | 8.650 | 8.840 | 8.450 | 10.87 |
| Announcement Date | 4/24/19 | 4/23/20 | 4/26/21 | 4/29/22 | 3/30/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 966 | 919.5 | 951.6 | 1,005 | 1,029 | 1,085 |
| EBITDA 1 | 115.6 | 139.7 | 131.9 | 170.6 | 163.1 | 206.5 |
| EBIT 1 | 66.2 | 92.11 | 61.97 | 77.28 | 70.35 | 114.8 |
| Operating Margin | 6.85% | 10.02% | 6.51% | 7.69% | 6.84% | 10.58% |
| Earnings before Tax (EBT) 1 | 53.82 | 61.3 | 23.07 | 26.92 | 31.89 | 68.86 |
| Net income 1 | 42.73 | 47.26 | 28.55 | 27.38 | 30.87 | 52.36 |
| Net margin | 4.42% | 5.14% | 3% | 2.72% | 3% | 4.83% |
| EPS 2 | 0.2130 | 0.2308 | 0.1400 | 0.1400 | 0.1500 | 0.2500 |
| Free Cash Flow 1 | -23.19 | -26.41 | 123 | 67.18 | 60.64 | 232.9 |
| FCF margin | -2.4% | -2.87% | 12.92% | 6.68% | 5.9% | 21.46% |
| FCF Conversion (EBITDA) | - | - | 93.22% | 39.39% | 37.18% | 112.78% |
| FCF Conversion (Net income) | - | - | 430.78% | 245.33% | 196.46% | 444.71% |
| Dividend per Share 2 | 0.1183 | 0.0769 | - | - | 0.0430 | - |
| Announcement Date | 4/24/19 | 4/23/20 | 4/26/21 | 4/29/22 | 3/30/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 54.3 | 483 | 422 | 218 | - |
| Net Cash position 1 | 20.1 | - | - | - | - | 408 |
| Leverage (Debt/EBITDA) | - | 0.3885 x | 3.662 x | 2.472 x | 1.335 x | - |
| Free Cash Flow 1 | -23.2 | -26.4 | 123 | 67.2 | 60.6 | 233 |
| ROE (net income / shareholders' equity) | 6.13% | 7.23% | 4.32% | 4.46% | 4.72% | 5.91% |
| ROA (Net income/ Total Assets) | 2.33% | 2.98% | 1.84% | 2.27% | 2.13% | 3.2% |
| Assets 1 | 1,832 | 1,585 | 1,552 | 1,206 | 1,451 | 1,635 |
| Book Value Per Share 2 | 3.010 | 3.060 | 2.950 | 3.120 | 3.270 | 4.920 |
| Cash Flow per Share 2 | 2.500 | 3.120 | 1.430 | 1.000 | 1.450 | 3.570 |
| Capex 1 | 127 | 79.8 | 136 | 109 | 81.5 | 16.8 |
| Capex / Sales | 13.11% | 8.68% | 14.27% | 10.88% | 7.93% | 1.55% |
| Announcement Date | 4/24/19 | 4/23/20 | 4/26/21 | 4/29/22 | 3/30/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -2.76% | 385M | |
| -3.61% | 4.36B | |
| +3.88% | 1.84B | |
| -14.42% | 1.21B | |
| -2.20% | 618M | |
| -19.37% | 410M | |
| -9.99% | 408M | |
| -13.17% | 390M | |
| -0.16% | 263M | |
| -17.97% | 244M |
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