DALIAN THERMAL POWER CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.21 CNY | +2.41% |
|
+4.49% | -11.10% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,542 | 1,869 | 1,598 | 1,667 | 2,055 | 3,281 |
| Enterprise Value (EV) 1 | 2,004 | 2,540 | 2,419 | 2,790 | 3,266 | 4,671 |
| P/E ratio | 544 x | 165 x | 165 x | -11.6 x | -13.1 x | 31.1 x |
| Yield | 0.13% | 0.19% | 0.2% | - | - | - |
| Capitalization / Revenue | 2.11 x | 2.44 x | 2.37 x | 2.53 x | 2.55 x | 5.19 x |
| EV / Revenue | 2.74 x | 3.31 x | 3.59 x | 4.23 x | 4.05 x | 7.38 x |
| EV / EBITDA | 25.4 x | 23.5 x | 17 x | 111 x | -898 x | -351 x |
| EV / FCF | -10.2 x | -10.1 x | -18.7 x | -10.4 x | -15.4 x | -13.5 x |
| FCF Yield | -9.84% | -9.87% | -5.33% | -9.62% | -6.47% | -7.42% |
| Price to Book | 2.12 x | 2.53 x | 2.15 x | 2.79 x | 4.66 x | 5.99 x |
| Nbr of stocks (in thousands) | 404,600 | 404,600 | 404,600 | 404,600 | 404,600 | 404,600 |
| Reference price 2 | 3.810 | 4.620 | 3.950 | 4.120 | 5.080 | 8.110 |
| Announcement Date | 3/22/19 | 4/10/20 | 3/19/21 | 4/28/22 | 3/17/23 | 2/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 730.8 | 766.9 | 674.2 | 659.7 | 807 | 632.6 |
| EBITDA 1 | 78.91 | 108.2 | 141.9 | 25.05 | -3.635 | -13.3 |
| EBIT 1 | 16.29 | 44.61 | 52.2 | -67.17 | -103 | -132.3 |
| Operating Margin | 2.23% | 5.82% | 7.74% | -10.18% | -12.77% | -20.91% |
| Earnings before Tax (EBT) 1 | 4.6 | 12.5 | 14.3 | -143.4 | -156 | 116.5 |
| Net income 1 | 2.707 | 11.27 | 9.658 | -143.2 | -156.5 | 105.6 |
| Net margin | 0.37% | 1.47% | 1.43% | -21.71% | -19.4% | 16.69% |
| EPS 2 | 0.007000 | 0.0280 | 0.0240 | -0.3540 | -0.3870 | 0.2610 |
| Free Cash Flow 1 | -197.3 | -250.6 | -129 | -268.4 | -211.4 | -346.7 |
| FCF margin | -26.99% | -32.68% | -19.13% | -40.69% | -26.2% | -54.81% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.005000 | 0.009000 | 0.008000 | - | - | - |
| Announcement Date | 3/22/19 | 4/10/20 | 3/19/21 | 4/28/22 | 3/17/23 | 2/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 463 | 671 | 820 | 1,123 | 1,210 | 1,389 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.866 x | 6.205 x | 5.78 x | 44.81 x | -333 x | -104.5 x |
| Free Cash Flow 1 | -197 | -251 | -129 | -268 | -211 | -347 |
| ROE (net income / shareholders' equity) | 0.37% | 1.54% | 1.3% | -21.4% | -30.2% | 21.3% |
| ROA (Net income/ Total Assets) | 0.56% | 1.29% | 1.31% | -1.52% | -2.35% | -3.01% |
| Assets 1 | 484 | 874.3 | 735.9 | 9,417 | 6,665 | -3,504 |
| Book Value Per Share 2 | 1.800 | 1.820 | 1.840 | 1.480 | 1.090 | 1.350 |
| Cash Flow per Share 2 | 0.4900 | 0.5200 | 1.290 | 0.8000 | 0.3900 | 0.2100 |
| Capex 1 | 269 | 289 | 221 | 277 | 368 | 225 |
| Capex / Sales | 36.85% | 37.64% | 32.73% | 41.96% | 45.55% | 35.59% |
| Announcement Date | 3/22/19 | 4/10/20 | 3/19/21 | 4/28/22 | 3/17/23 | 2/28/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -11.10% | 393M | |
| -4.22% | 4.3B | |
| +4.76% | 1.88B | |
| -12.98% | 1.23B | |
| -1.22% | 615M | |
| -18.39% | 401M | |
| -12.56% | 388M | |
| -5.15% | 366M | |
| -0.16% | 262M | |
| -18.43% | 223M |
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- Financials Dalian Thermal Power Co.,Ltd.
