HUADIAN LIAONING ENERGY DEVELOPMENT CO.,LTD Financials Huadian Liaoning Energy Development Co.,Ltd
Equities
600396
CNE0000017N9
Electric Utilities
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.96 CNY | +4.23% |
|
+19.84% | +13.85% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,842 | 2,739 | 4,124 | 5,022 | 4,256 | 3,829 |
| Enterprise Value (EV) 1 | 16,858 | 16,197 | 18,247 | 21,207 | 21,814 | 13,536 |
| P/E ratio | -3.9 x | 40.6 x | 50.5 x | -2.62 x | -2.11 x | 1.79 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.4 x | 0.37 x | 0.57 x | 0.76 x | 0.6 x | 0.61 x |
| EV / Revenue | 2.36 x | 2.19 x | 2.5 x | 3.23 x | 3.06 x | 2.16 x |
| EV / EBITDA | 26.2 x | 12.6 x | 11.7 x | -53.9 x | -258 x | 18.2 x |
| EV / FCF | -47.4 x | -36.1 x | -25.6 x | -9.22 x | -28.9 x | -38.3 x |
| FCF Yield | -2.11% | -2.77% | -3.9% | -10.8% | -3.46% | -2.61% |
| Price to Book | 1.45 x | 1.34 x | 1.95 x | 25.2 x | -2.37 x | 10.9 x |
| Nbr of stocks (in thousands) | 1,472,707 | 1,472,707 | 1,472,707 | 1,472,707 | 1,472,707 | 1,472,707 |
| Reference price 2 | 1.930 | 1.860 | 2.800 | 3.410 | 2.890 | 2.600 |
| Announcement Date | 4/25/19 | 4/1/20 | 4/1/21 | 4/7/22 | 4/20/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,138 | 7,401 | 7,287 | 6,574 | 7,129 | 6,275 |
| EBITDA 1 | 643.7 | 1,291 | 1,556 | -393.7 | -84.47 | 742.5 |
| EBIT 1 | -340.3 | 319.5 | 585.7 | -1,452 | -1,169 | -168.3 |
| Operating Margin | -4.77% | 4.32% | 8.04% | -22.09% | -16.39% | -2.68% |
| Earnings before Tax (EBT) 1 | -885.5 | -116.5 | 36.29 | -2,191 | -2,389 | 2,063 |
| Net income 1 | -728.6 | 67.43 | 81.72 | -1,920 | -2,018 | 2,140 |
| Net margin | -10.21% | 0.91% | 1.12% | -29.2% | -28.31% | 34.11% |
| EPS 2 | -0.4948 | 0.0458 | 0.0555 | -1.304 | -1.370 | 1.453 |
| Free Cash Flow 1 | -356 | -448.9 | -712.1 | -2,301 | -754.5 | -353.7 |
| FCF margin | -4.99% | -6.06% | -9.77% | -34.99% | -10.58% | -5.64% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/25/19 | 4/1/20 | 4/1/21 | 4/7/22 | 4/20/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 14,016 | 13,458 | 14,124 | 16,185 | 17,558 | 9,707 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 21.77 x | 10.43 x | 9.078 x | -41.12 x | -207.9 x | 13.07 x |
| Free Cash Flow 1 | -356 | -449 | -712 | -2,301 | -754 | -354 |
| ROE (net income / shareholders' equity) | -30.1% | -6.12% | 2.3% | -159% | 262% | -320% |
| ROA (Net income/ Total Assets) | -1.05% | 1.01% | 1.84% | -4.38% | -3.67% | -0.64% |
| Assets 1 | 69,270 | 6,654 | 4,438 | 43,788 | 55,001 | -333,125 |
| Book Value Per Share 2 | 1.330 | 1.380 | 1.440 | 0.1400 | -1.220 | 0.2400 |
| Cash Flow per Share 2 | 0.6000 | 0.4700 | 0.6800 | 0.7400 | 0.5100 | 0.3400 |
| Capex 1 | 753 | 1,066 | 1,347 | 572 | 541 | 576 |
| Capex / Sales | 10.56% | 14.4% | 18.48% | 8.7% | 7.59% | 9.18% |
| Announcement Date | 4/25/19 | 4/1/20 | 4/1/21 | 4/7/22 | 4/20/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +13.85% | 602M | |
| +19.12% | 14.52B | |
| +10.10% | 5B | |
| +12.09% | 4.75B | |
| -9.04% | 3.79B | |
| +8.63% | 3.58B | |
| +1.83% | 2.35B | |
| -23.42% | 2.07B | |
| +38.72% | 1.74B | |
| +26.86% | 1.69B |
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- Financials Huadian Liaoning Energy Development Co.,Ltd
