SHANGHAI DAZHONG PUBLIC UTILITIES(GROUP) CO.,LTD. Financials Shanghai Dazhong Public Utilities(Group) Co.,Ltd.
Equities
600635
CNE0000007Y7
Natural Gas Utilities
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.91 CNY | +1.75% |
|
0.00% | -3.64% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 12,624 | 13,059 | 11,020 | 9,911 | 7,707 | 7,915 |
| Enterprise Value (EV) 1 | 17,194 | 17,336 | 16,624 | 15,730 | 13,039 | 12,399 |
| P/E ratio | 29.3 x | 27.5 x | 23.7 x | 36.9 x | -26.3 x | 42 x |
| Yield | 1.28% | 1.22% | 1.33% | 1.32% | 1.01% | 1.16% |
| Capitalization / Revenue | 2.49 x | 2.33 x | 2.24 x | 1.79 x | 1.32 x | 1.24 x |
| EV / Revenue | 3.39 x | 3.1 x | 3.39 x | 2.84 x | 2.23 x | 1.94 x |
| EV / EBITDA | 50.9 x | 28 x | 28.8 x | 27 x | 23.4 x | 20.3 x |
| EV / FCF | -30.2 x | -111 x | -19.1 x | -29.7 x | 24.1 x | 89.8 x |
| FCF Yield | -3.31% | -0.9% | -5.23% | -3.37% | 4.14% | 1.11% |
| Price to Book | 1.86 x | 1.8 x | 1.41 x | 1.28 x | 1.06 x | 1.07 x |
| Nbr of stocks (in thousands) | 2,952,435 | 2,952,435 | 2,952,435 | 2,952,435 | 2,952,435 | 2,952,435 |
| Reference price 2 | 4.690 | 4.910 | 4.140 | 3.790 | 2.960 | 3.020 |
| Announcement Date | 3/29/19 | 3/30/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,068 | 5,598 | 4,911 | 5,537 | 5,854 | 6,405 |
| EBITDA 1 | 337.6 | 619.4 | 578 | 582 | 557.8 | 612.2 |
| EBIT 1 | -64.45 | 252.2 | 236.8 | 256.8 | 225.2 | 271 |
| Operating Margin | -1.27% | 4.51% | 4.82% | 4.64% | 3.85% | 4.23% |
| Earnings before Tax (EBT) 1 | 488.9 | 689.5 | 778.4 | 493.9 | -299.5 | 402.9 |
| Net income 1 | 478.5 | 526.5 | 515.2 | 303.4 | -332.6 | 212.5 |
| Net margin | 9.44% | 9.4% | 10.49% | 5.48% | -5.68% | 3.32% |
| EPS 2 | 0.1600 | 0.1783 | 0.1745 | 0.1027 | -0.1126 | 0.0720 |
| Free Cash Flow 1 | -569 | -156.2 | -868.7 | -529.8 | 539.9 | 138 |
| FCF margin | -11.23% | -2.79% | -17.69% | -9.57% | 9.22% | 2.16% |
| FCF Conversion (EBITDA) | - | - | - | - | 96.79% | 22.55% |
| FCF Conversion (Net income) | - | - | - | - | - | 64.95% |
| Dividend per Share 2 | 0.0600 | 0.0600 | 0.0550 | 0.0500 | 0.0300 | 0.0350 |
| Announcement Date | 3/29/19 | 3/30/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 4,571 | 4,276 | 5,603 | 5,819 | 5,331 | 4,484 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 13.54 x | 6.904 x | 9.694 x | 9.998 x | 9.558 x | 7.324 x |
| Free Cash Flow 1 | -569 | -156 | -869 | -530 | 540 | 138 |
| ROE (net income / shareholders' equity) | 5.07% | 7.11% | 6.22% | 3.94% | -2.59% | 3.14% |
| ROA (Net income/ Total Assets) | -0.19% | 0.71% | 0.64% | 0.67% | 0.59% | 0.73% |
| Assets 1 | -251,571 | 73,746 | 80,392 | 45,082 | -56,324 | 29,132 |
| Book Value Per Share 2 | 2.530 | 2.730 | 2.930 | 2.950 | 2.790 | 2.820 |
| Cash Flow per Share 2 | 1.030 | 1.020 | 0.7300 | 0.6900 | 1.020 | 1.090 |
| Capex 1 | 748 | 682 | 648 | 646 | 285 | 353 |
| Capex / Sales | 14.77% | 12.18% | 13.2% | 11.67% | 4.87% | 5.52% |
| Announcement Date | 3/29/19 | 3/30/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.64% | 1.06B | |
| 0.00% | 14.25B | |
| +16.26% | 9.6B | |
| +7.95% | 8.41B | |
| +5.35% | 7.53B | |
| -3.52% | 7.3B | |
| +28.95% | 5.72B | |
| -28.15% | 5.56B | |
| +18.39% | 5.37B | |
| +3.17% | 5.32B |
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- Financials Shanghai Dazhong Public Utilities(Group) Co.,Ltd.
