ENN NATURAL GAS CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.72 CNY | -2.90% |
|
-7.23% | +5.35% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,885 | 35,085 | 51,913 | 49,593 | 51,807 | 54,579 | - | - |
| Enterprise Value (EV) 1 | 19,178 | 54,646 | 71,256 | 76,355 | 68,704 | 68,686 | 69,243 | 66,958 |
| P/E ratio | 10.7 x | 16.6 x | 12.6 x | 8.52 x | 7.31 x | 8.54 x | 7.36 x | 6.75 x |
| Yield | 1.97% | 1.4% | 1.67% | 3.17% | 5.41% | 5.3% | 5.55% | 6.3% |
| Capitalization / Revenue | 0.95 x | 0.4 x | 0.45 x | 0.32 x | 0.36 x | 0.36 x | 0.32 x | 0.31 x |
| EV / Revenue | 1.42 x | 0.62 x | 0.61 x | 0.5 x | 0.48 x | 0.46 x | 0.41 x | 0.38 x |
| EV / EBITDA | 10.6 x | 4.06 x | 4.26 x | 4.09 x | 3.44 x | 3.96 x | 3.36 x | 3.19 x |
| EV / FCF | 23.3 x | 9.49 x | 13.4 x | 11.1 x | 14.3 x | 7.89 x | 8 x | 6.57 x |
| FCF Yield | 4.28% | 10.5% | 7.45% | 8.97% | 6.99% | 12.7% | 12.5% | 15.2% |
| Price to Book | 1.4 x | 4.34 x | 3.52 x | 2.84 x | 2.2 x | 1.98 x | 1.68 x | 1.41 x |
| Nbr of stocks (in thousands) | 1,211,016 | 2,581,642 | 2,827,514 | 3,080,323 | 3,080,058 | 3,080,058 | - | - |
| Reference price 2 | 10.64 | 13.59 | 18.36 | 16.10 | 16.82 | 17.72 | 17.72 | 17.72 |
| Announcement Date | 3/12/20 | 3/22/21 | 3/8/22 | 3/24/23 | 3/22/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,544 | 88,099 | 115,920 | 154,044 | 143,754 | 149,920 | 168,700 | 176,963 |
| EBITDA 1 | 1,807 | 13,445 | 16,717 | 18,661 | 19,992 | 17,366 | 20,608 | 20,970 |
| EBIT 1 | 1,262 | 10,585 | 13,530 | 14,705 | 15,792 | 14,751 | 17,606 | 18,291 |
| Operating Margin | 9.32% | 12.01% | 11.67% | 9.55% | 10.99% | 9.84% | 10.44% | 10.34% |
| Earnings before Tax (EBT) 1 | 1,397 | 10,435 | 13,466 | 14,677 | 15,766 | 14,767 | 17,704 | 18,222 |
| Net income 1 | 1,205 | 2,107 | 4,102 | 5,844 | 7,091 | 6,517 | 7,537 | 8,330 |
| Net margin | 8.89% | 2.39% | 3.54% | 3.79% | 4.93% | 4.35% | 4.47% | 4.71% |
| EPS 2 | 0.9900 | 0.8200 | 1.460 | 1.890 | 2.300 | 2.075 | 2.408 | 2.626 |
| Free Cash Flow 1 | 821.4 | 5,756 | 5,309 | 6,849 | 4,803 | 8,709 | 8,657 | 10,198 |
| FCF margin | 6.06% | 6.53% | 4.58% | 4.45% | 3.34% | 5.81% | 5.13% | 5.76% |
| FCF Conversion (EBITDA) | 45.47% | 42.81% | 31.76% | 36.7% | 24.02% | 50.15% | 42.01% | 48.63% |
| FCF Conversion (Net income) | 68.19% | 273.2% | 129.43% | 117.2% | 67.73% | 133.64% | 114.86% | 122.42% |
| Dividend per Share 2 | 0.2100 | 0.1900 | 0.3075 | 0.5100 | 0.9100 | 0.9386 | 0.9843 | 1.117 |
| Announcement Date | 3/12/20 | 3/22/21 | 3/8/22 | 3/24/23 | 3/22/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 36,275 | 35,353 | 37,667 | 73,020 | 33,569 | 47,455 | 34,351 | 32,819 | 67,170 | 28,742 | 47,843 | - | 34,209 | 32,830 | 34,190 | 34,113 | - | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,304 | 4,433 | 4,367 | - | - |
| EBIT 1 | 3,205 | 2,836 | 3,013 | 5,848 | 3,558 | 5,299 | 3,708 | 2,700 | 6,409 | 2,760 | 6,624 | - | 2,747 | 3,196 | 3,326 | 3,259 | - | - |
| Operating Margin | 8.84% | 8.02% | 8% | 8.01% | 10.6% | 11.17% | 10.8% | 8.23% | 9.54% | 9.6% | 13.84% | - | 8.03% | 9.74% | 9.73% | 9.55% | - | - |
| Earnings before Tax (EBT) 1 | 3,166 | 2,853 | 3,007 | 5,859 | 3,581 | 5,236 | 3,739 | 2,706 | 6,445 | 2,731 | 6,591 | - | 2,749 | 3,257 | 3,318 | 3,544 | - | - |
| Net income 1 | 891 | 753.6 | 781.8 | 1,535 | 1,624 | 2,685 | 1,456 | 747.2 | 2,204 | 899.5 | 3,988 | 4,888 | 1,081 | 1,383 | 1,408 | - | - | - |
| Net margin | 2.46% | 2.13% | 2.08% | 2.1% | 4.84% | 5.66% | 4.24% | 2.28% | 3.28% | 3.13% | 8.34% | - | 3.16% | 4.21% | 4.12% | - | - | - |
| EPS 2 | 0.3100 | 0.2600 | 0.2800 | - | 0.4800 | 0.8700 | 0.4700 | 0.2400 | - | 0.3000 | 1.290 | - | 0.3500 | 0.4462 | 0.4546 | 0.5096 | - | - |
| Dividend per Share 2 | 0.3100 | - | - | - | - | 0.5100 | - | - | - | - | - | - | - | - | - | 1.030 | - | - |
| Announcement Date | 3/8/22 | 4/28/22 | 8/19/22 | 8/19/22 | 10/28/22 | 3/24/23 | 4/27/23 | 8/24/23 | 8/24/23 | 10/27/23 | 3/22/24 | 3/22/24 | 4/26/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,293 | 19,561 | 19,343 | 26,761 | 16,897 | 14,108 | 14,665 | 12,379 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.483 x | 1.455 x | 1.157 x | 1.434 x | 0.8452 x | 0.8124 x | 0.7116 x | 0.5903 x |
| Free Cash Flow 1 | 821 | 5,756 | 5,309 | 6,849 | 4,803 | 8,709 | 8,657 | 10,198 |
| ROE (net income / shareholders' equity) | 13.5% | 16.5% | 41.1% | 33.4% | 34.4% | 24.4% | 23.2% | 21.8% |
| ROA (Net income/ Total Assets) | 5.03% | 1.95% | 3.45% | 4.32% | - | 5.07% | 5.15% | 6.65% |
| Assets 1 | 23,935 | 107,828 | 118,730 | 135,258 | - | 128,412 | 146,484 | 125,267 |
| Book Value Per Share 2 | 7.610 | 3.130 | 5.210 | 5.670 | 7.630 | 8.970 | 10.60 | 12.60 |
| Cash Flow per Share 2 | 1.150 | 4.790 | 1.810 | 4.840 | 4.440 | 5.950 | 6.070 | 6.550 |
| Capex 1 | 587 | 6,692 | 8,201 | 8,157 | 8,957 | 9,957 | 9,832 | 10,433 |
| Capex / Sales | 4.33% | 7.6% | 7.08% | 5.3% | 6.23% | 6.64% | 5.83% | 5.9% |
| Announcement Date | 3/12/20 | 3/22/21 | 3/8/22 | 3/24/23 | 3/22/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
17.72
CNY
Average target price
23.32
CNY
Spread / Average Target
+31.62%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.35% | 7.53B | |
| 0.00% | 14.25B | |
| +16.26% | 9.6B | |
| +7.95% | 8.41B | |
| -3.52% | 7.3B | |
| +28.95% | 5.72B | |
| -28.15% | 5.56B | |
| +18.39% | 5.37B | |
| +3.17% | 5.32B | |
| -11.28% | 4.48B |
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