Company Valuation: Chongqing Three Gorges Water Conservancy and Electric Power Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 16,100 22,296 16,387 14,398 13,233 12,457 12,457 -
Change - 38.48% -26.5% -12.14% -8.09% -5.87% 0% -
Enterprise Value (EV) 16,100 22,296 16,387 14,398 13,233 12,457 12,457 12,457
Change - 38.48% -26.5% -12.14% -8.09% -5.87% 0% 0%
P/E ratio 20.5x 25.9x 34.3x 27.9x 43.7x 43.9x 16.2x 19.4x
PBR 1.58x 2.04x 1.48x 1.29x 1.21x 1.13x 1.04x 1.06x
PEG - 2.65x -0.8x 3.49x -1.1x -7.02x 0x -1.2x
Capitalization / Revenue 3.06x 2.19x 1.48x 1.29x 1.28x 1.17x 0.9x 1.07x
EV / Revenue 0x 0x 0x 0x 0x 1.17x 0.9x 1.07x
EV / EBITDA 0x - 0x 0x 0x 9.25x 6.73x 6.38x
EV / EBIT 0x 0x 0x 0x 0x 34.9x 13x 15.5x
EV / FCF - - 0x -0x -0x -9.74x -13.1x -
FCF Yield - - 1.14% -3.92% -6.43% -10.3% -7.64% -
Dividend per Share 2 0.1 - 0.15 0.15 0.04 0.17 0.2 -
Rate of return 1.19% - 1.75% 1.99% 0.57% 2.58% 3.04% -
EPS 2 0.41 0.45 0.25 0.27 0.16 0.15 0.405 0.34
Distribution rate 24.4% - 60% 55.6% 25% 113% 49.4% -
Net sales 1 5,256 10,177 11,093 11,177 10,322 10,603 13,902 11,616
EBITDA 1 1,123 - 1,204 1,260 1,099 1,347 1,850 1,954
EBIT 1 716.5 1,288 494.1 625 357.3 357 956 804
Net income 1 619.9 865.1 476.2 515.7 309.7 286 779 643
Net Debt - - - - - - - -
Reference price 2 8.420 11.660 8.570 7.530 6.990 6.580 6.580 6.580
Nbr of stocks (in thousands) 1,912,143 1,912,143 1,912,143 1,912,143 1,893,191 1,893,191 1,893,191 -
Announcement Date 3/25/21 4/11/22 4/19/23 4/24/24 4/24/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.87x - - 2.58% 1.79B
19.6x10.94x14.16x3.61% 96.15B
17.86x4.73x8.94x6.82% 26.97B
-28.59x6.9x16.89x5.42% 17.84B
14.26x47.15x14.7x2.96% 9.79B
20.41x9.71x16.05x2.48% 9.23B
20.94x - - 2.85% 9.11B
40.9x3.36x15.3x4.12% 8.45B
28.78x - - 1.14% 6.04B
Average 19.78x 13.80x 14.34x 3.55% 20.6B
Weighted average by Cap. 16.04x 11.18x 13.80x 4.05%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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