Financials Hunan Chendian International Developmentco.,ltd

Equities

600969

CNE000001H78

Electric Utilities

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
5.34 CNY +2.69% Intraday chart for Hunan Chendian International Developmentco.,ltd +9.65% -17.85%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,194 2,450 2,735 2,949 2,746 2,405
Enterprise Value (EV) 1 6,169 7,092 8,606 9,519 9,413 9,426
P/E ratio 57.1 x 44.4 x 88.8 x 64.2 x 56.1 x -39 x
Yield 0.44% 0.62% 0.37% 0.57% 0.79% -
Capitalization / Revenue 0.8 x 0.81 x 0.9 x 0.86 x 0.68 x 0.61 x
EV / Revenue 2.25 x 2.35 x 2.82 x 2.79 x 2.34 x 2.4 x
EV / EBITDA 10.9 x 11.5 x 14.4 x 13.8 x 15.3 x 17.1 x
EV / FCF -23.8 x -21.9 x -7.21 x -10 x -24.2 x -18.7 x
FCF Yield -4.21% -4.57% -13.9% -9.97% -4.14% -5.35%
Price to Book 0.64 x 0.7 x 0.77 x 0.82 x 0.75 x 0.67 x
Nbr of stocks (in thousands) 370,050 370,050 370,050 370,050 370,050 370,050
Reference price 2 5.930 6.620 7.390 7.970 7.420 6.500
Announcement Date 4/18/19 4/20/20 4/21/21 4/19/22 4/21/23 4/18/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,744 3,014 3,047 3,411 4,014 3,920
EBITDA 1 566.3 615.3 597.2 687.4 614.5 552.7
EBIT 1 222 217.3 188.4 230.8 87.83 34.76
Operating Margin 8.09% 7.21% 6.18% 6.77% 2.19% 0.89%
Earnings before Tax (EBT) 1 166.8 138.7 95.86 176.1 130.6 18.22
Net income 1 38.44 55.23 30.81 45.92 48.97 -61.7
Net margin 1.4% 1.83% 1.01% 1.35% 1.22% -1.57%
EPS 2 0.1039 0.1492 0.0832 0.1241 0.1323 -0.1667
Free Cash Flow 1 -259.7 -324.1 -1,193 -949 -389.7 -504.7
FCF margin -9.47% -10.75% -39.14% -27.82% -9.71% -12.87%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0263 0.0409 0.0276 0.0451 0.0589 -
Announcement Date 4/18/19 4/20/20 4/21/21 4/19/22 4/21/23 4/18/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,975 4,643 5,871 6,570 6,667 7,020
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.019 x 7.545 x 9.83 x 9.557 x 10.85 x 12.7 x
Free Cash Flow 1 -260 -324 -1,193 -949 -390 -505
ROE (net income / shareholders' equity) 2.95% 2.62% 1.56% 3.06% 1.22% -0.94%
ROA (Net income/ Total Assets) 1.07% 1.04% 0.87% 1% 0.36% 0.14%
Assets 1 3,577 5,306 3,550 4,613 13,645 -43,330
Book Value Per Share 2 9.310 9.450 9.650 9.770 9.850 9.690
Cash Flow per Share 2 7.030 5.080 3.900 4.170 4.470 3.160
Capex 1 1,115 1,090 1,546 1,378 735 574
Capex / Sales 40.64% 36.16% 50.72% 40.41% 18.31% 14.63%
Announcement Date 4/18/19 4/20/20 4/21/21 4/19/22 4/21/23 4/18/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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