Financials Shandong Xinchao Energy Corporation Limited

Equities

600777

CNE000000NJ0

Oil & Gas Exploration and Production

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.27 CNY -0.87% Intraday chart for Shandong Xinchao Energy Corporation Limited -10.63% -25.82%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 25,162 12,989 14,281 10,473 15,505 14,825
Enterprise Value (EV) 1 27,796 18,457 21,880 17,334 24,467 21,153
P/E ratio 52.5 x 21.6 x 13.2 x -3.94 x 42.5 x 4.74 x
Yield - - - - - -
Capitalization / Revenue 17.3 x 2.86 x 2.45 x 2.63 x 3.41 x 1.68 x
EV / Revenue 19.1 x 4.07 x 3.76 x 4.35 x 5.39 x 2.39 x
EV / EBITDA 29.6 x 7.46 x 5.28 x 6.38 x 6.83 x 2.83 x
EV / FCF -23.5 x -5.77 x -11.3 x 19.6 x -13.1 x 9.02 x
FCF Yield -4.25% -17.3% -8.86% 5.1% -7.66% 11.1%
Price to Book 1.86 x 0.88 x 0.89 x 0.84 x 1.27 x 0.88 x
Nbr of stocks (in thousands) 6,800,496 6,800,496 6,800,496 6,800,496 6,800,496 6,800,496
Reference price 2 3.700 1.910 2.100 1.540 2.280 2.180
Announcement Date 4/26/18 4/26/19 3/30/20 4/29/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,453 4,537 5,819 3,987 4,541 8,837
EBITDA 1 940.5 2,475 4,147 2,719 3,581 7,474
EBIT 1 555.8 1,042 2,080 -2,601 1,641 5,068
Operating Margin 38.25% 22.98% 35.74% -65.24% 36.15% 57.34%
Earnings before Tax (EBT) 1 301.7 1,115 1,383 -3,154 599.8 4,109
Net income 1 366.5 600.7 1,078 -2,656 365.2 3,128
Net margin 25.23% 13.24% 18.52% -66.62% 8.04% 35.4%
EPS 2 0.0705 0.0883 0.1585 -0.3906 0.0537 0.4600
Free Cash Flow 1 -1,183 -3,198 -1,939 883.8 -1,873 2,346
FCF margin -81.4% -70.49% -33.32% 22.17% -41.25% 26.55%
FCF Conversion (EBITDA) - - - 32.51% - 31.39%
FCF Conversion (Net income) - - - - - 75.01%
Dividend per Share - - - - - -
Announcement Date 4/26/18 4/26/19 3/30/20 4/29/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 2,634 5,468 7,599 6,861 8,962 6,328
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.801 x 2.209 x 1.833 x 2.524 x 2.502 x 0.8467 x
Free Cash Flow 1 -1,183 -3,198 -1,939 884 -1,873 2,346
ROE (net income / shareholders' equity) 3.85% 4.23% 6.97% -18.6% 2.96% 21.5%
ROA (Net income/ Total Assets) 2.67% 2.92% 4.89% -6.35% 4.19% 11%
Assets 1 13,712 20,590 22,050 41,803 8,708 28,401
Book Value Per Share 2 1.990 2.180 2.370 1.830 1.800 2.480
Cash Flow per Share 2 0.1400 0.0600 0.1200 0.1200 0.1200 0.2200
Capex 1 2,465 6,331 5,078 1,851 4,897 3,655
Capex / Sales 169.66% 139.56% 87.27% 46.42% 107.83% 41.36%
Announcement Date 4/26/18 4/26/19 3/30/20 4/29/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates
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