CHINA RESOURCES POWER HOLDINGS COMPANY LIMITED Financials China Resources Power Holdings Company Limited
Equities
836
HK0836012952
Independent Power Producers
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.64 HKD | -0.91% |
|
-0.30% | +25.58% |
| Apr. 25 | China Resources Power Subsidiary Power Plant Output Up 1% in March | MT |
| Mar. 21 | Jefferies Adjusts China Resources Power’s Price Target to HK$22.40 From HK$18.52, Keeps at Buy | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 52,626 | 40,167 | 125,553 | 76,775 | 75,235 | 94,477 | - | - |
| Enterprise Value (EV) 1 | 136,660 | 138,473 | 246,114 | 200,759 | 230,344 | 273,886 | 299,146 | 325,381 |
| P/E ratio | 7.99 x | 5.28 x | 79.1 x | 10.9 x | 6.83 x | 6.67 x | 5.83 x | 4.91 x |
| Yield | 5.01% | 7.56% | 1.13% | 3.67% | 9.05% | 5.85% | 6.81% | 7.88% |
| Capitalization / Revenue | 0.78 x | 0.58 x | 1.4 x | 0.74 x | 0.73 x | 0.88 x | 0.81 x | 0.77 x |
| EV / Revenue | 2.02 x | 1.99 x | 2.74 x | 1.94 x | 2.23 x | 2.54 x | 2.57 x | 2.64 x |
| EV / EBITDA | 5.81 x | 5.37 x | 12.3 x | 7.17 x | 7 x | 6.7 x | 6.4 x | 5.87 x |
| EV / FCF | -67.2 x | -14.1 x | -13.9 x | -23.9 x | -23.2 x | -15.2 x | -30.7 x | 42.1 x |
| FCF Yield | -1.49% | -7.1% | -7.2% | -4.19% | -4.3% | -6.57% | -3.26% | 2.37% |
| Price to Book | 0.72 x | 0.47 x | 1.27 x | 0.93 x | 0.89 x | 0.98 x | 0.88 x | 0.77 x |
| Nbr of stocks (in thousands) | 4,810,444 | 4,810,444 | 4,810,444 | 4,810,444 | 4,810,444 | 4,810,444 | - | - |
| Reference price 2 | 10.94 | 8.350 | 26.10 | 15.96 | 15.64 | 19.64 | 19.64 | 19.64 |
| Announcement Date | 3/30/20 | 3/18/21 | 3/16/22 | 3/22/23 | 3/20/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 67,758 | 69,551 | 89,800 | 103,305 | 103,334 | 107,939 | 116,545 | 123,107 |
| EBITDA 1 | 23,520 | 25,806 | 20,077 | 27,981 | 32,919 | 40,886 | 46,719 | 55,444 |
| EBIT 1 | 12,888 | 14,093 | 5,479 | 13,551 | 18,198 | 23,697 | 27,117 | 32,054 |
| Operating Margin | 19.02% | 20.26% | 6.1% | 13.12% | 17.61% | 21.95% | 23.27% | 26.04% |
| Earnings before Tax (EBT) 1 | 9,653 | 11,470 | 1,842 | 9,461 | 15,499 | 19,682 | 22,370 | 26,528 |
| Net income 1 | 6,590 | 7,583 | 1,593 | 7,042 | 11,003 | 14,050 | 16,262 | 18,721 |
| Net margin | 9.73% | 10.9% | 1.77% | 6.82% | 10.65% | 13.02% | 13.95% | 15.21% |
| EPS 2 | 1.370 | 1.580 | 0.3300 | 1.460 | 2.290 | 2.943 | 3.366 | 3.999 |
| Free Cash Flow 1 | -2,034 | -9,826 | -17,718 | -8,413 | -9,907 | -18,004 | -9,753 | 7,722 |
| FCF margin | -3% | -14.13% | -19.73% | -8.14% | -9.59% | -16.68% | -8.37% | 6.27% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | 13.93% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 41.25% |
| Dividend per Share 2 | 0.5480 | 0.6310 | 0.2950 | 0.5860 | 1.415 | 1.150 | 1.337 | 1.547 |
| Announcement Date | 3/30/20 | 3/18/21 | 3/16/22 | 3/22/23 | 3/20/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2021 S1 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|
| Net sales 1 | 34,842 | 42,239 | 50,409 | 51,484 |
| EBITDA | 11,467 | - | - | - |
| EBIT 1 | 6,108 | 6,135 | 5,148 | 8,507 |
| Operating Margin | 17.53% | 14.52% | 10.21% | 16.52% |
| Earnings before Tax (EBT) 1 | - | - | 5,241 | 8,692 |
| Net income 1 | 2,573 | - | 4,370 | 6,740 |
| Net margin | 7.38% | - | 8.67% | 13.09% |
| EPS | - | - | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 3/30/20 | 8/20/21 | 8/17/22 | 8/22/23 |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 84,034 | 98,306 | 120,562 | 123,984 | 155,109 | 179,409 | 204,668 | 230,904 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.573 x | 3.809 x | 6.005 x | 4.431 x | 4.712 x | 4.388 x | 4.381 x | 4.165 x |
| Free Cash Flow 1 | -2,034 | -9,826 | -17,718 | -8,413 | -9,907 | -18,004 | -9,753 | 7,722 |
| ROE (net income / shareholders' equity) | 9.21% | 12.3% | 1.83% | 8.23% | 13.2% | 15.3% | 16.1% | 16.5% |
| ROA (Net income/ Total Assets) | 3.11% | 4.1% | 0.58% | 2.47% | 3.63% | 4.14% | 4.23% | 4.46% |
| Assets 1 | 211,976 | 184,754 | 273,669 | 285,676 | 302,892 | 339,583 | 384,091 | 419,902 |
| Book Value Per Share 2 | 15.20 | 17.80 | 20.60 | 17.10 | 17.70 | 20.10 | 22.20 | 25.50 |
| Cash Flow per Share 2 | 4.260 | 4.300 | 1.540 | 5.020 | 6.000 | 7.540 | 8.660 | 10.10 |
| Capex 1 | 22,542 | 30,529 | 25,118 | 32,580 | 38,777 | 54,339 | 59,297 | 52,965 |
| Capex / Sales | 33.27% | 43.89% | 27.97% | 31.54% | 37.53% | 50.34% | 50.88% | 43.02% |
| Announcement Date | 3/30/20 | 3/18/21 | 3/16/22 | 3/22/23 | 3/20/24 | - | - | - |
1HKD 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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
19.64
HKD
Average target price
21.81
HKD
Spread / Average Target
+11.04%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +25.58% | 12.07B | |
| +14.41% | 41.39B | |
| +12.65% | 27.36B | |
| +17.68% | 15.95B | |
| +21.90% | 8.9B | |
| +22.76% | 6.41B | |
| +56.88% | 5.9B | |
| +33.57% | 5.08B | |
| -1.01% | 4.17B | |
| 0.00% | 3.72B |
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- Financials China Resources Power Holdings Company Limited
