ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD. Financials Zhejiang Zheneng Electric Power Co., Ltd.
Equities
600023
CNE100001SP3
Independent Power Producers
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.31 CNY | -1.87% |
|
-2.47% | +36.88% |
| Apr. 01 | Zheneng Electric Power's Chief Financial Officer Resigns | MT |
| 2023 | Guodian Power Forms Consortium for 8 Billion Yuan Coal Plants Project | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 64,331 | 53,859 | 49,371 | 54,947 | 46,796 | 84,609 | 84,609 | - |
| Enterprise Value (EV) 1 | 64,331 | 53,859 | 49,371 | 54,947 | 46,796 | 84,609 | 84,609 | 84,609 |
| P/E ratio | 15.8 x | 12.4 x | 8.07 x | -67.3 x | -24.9 x | 11.4 x | 9.89 x | 8.99 x |
| Yield | 3.81% | 5.05% | 6.2% | - | - | 3.17% | 4.28% | 4.91% |
| Capitalization / Revenue | 1.14 x | 0.99 x | 0.96 x | 0.77 x | 0.58 x | 1 x | 0.97 x | 0.95 x |
| EV / Revenue | 1.14 x | 0.99 x | 0.96 x | 0.77 x | 0.58 x | 1 x | 0.97 x | 0.95 x |
| EV / EBITDA | 5.75 x | 4.68 x | 3.65 x | 19.3 x | 18.2 x | 5.46 x | 4.88 x | 4.51 x |
| EV / FCF | - | - | - | - | -9,353,615 x | - | - | - |
| FCF Yield | - | - | - | - | -0% | - | - | - |
| Price to Book | 1.05 x | 0.84 x | 0.73 x | 0.86 x | 0.76 x | 1.23 x | 1.14 x | 1.06 x |
| Nbr of stocks (in thousands) | 13,600,690 | 13,600,690 | 13,600,690 | 13,600,690 | 13,408,733 | 13,408,733 | 13,408,733 | - |
| Reference price 2 | 4.730 | 3.960 | 3.630 | 4.040 | 3.490 | 6.310 | 6.310 | 6.310 |
| Announcement Date | 4/15/19 | 4/27/20 | 4/27/21 | 4/28/22 | 4/13/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 56,634 | 54,371 | 51,684 | 71,073 | 80,195 | 84,476 | 86,847 | 89,482 |
| EBITDA 1 | 11,181 | 11,505 | 13,524 | 2,854 | 2,576 | 15,499 | 17,326 | 18,765 |
| EBIT 1 | 5,184 | 5,806 | 7,827 | -2,921 | -3,172 | 9,539 | 12,215 | 13,329 |
| Operating Margin | 9.15% | 10.68% | 15.14% | -4.11% | -3.96% | 11.29% | 14.07% | 14.9% |
| Earnings before Tax (EBT) 1 | 5,012 | 5,777 | 7,821 | -2,828 | -3,094 | 9,601 | 12,283 | 13,397 |
| Net income 1 | 4,036 | 4,293 | 6,086 | -855.2 | -1,822 | 7,402 | 8,578 | 9,415 |
| Net margin | 7.13% | 7.9% | 11.78% | -1.2% | -2.27% | 8.76% | 9.88% | 10.52% |
| EPS 2 | 0.3000 | 0.3200 | 0.4500 | -0.0600 | -0.1400 | 0.5517 | 0.6383 | 0.7017 |
| Free Cash Flow | - | - | - | - | -5,003 | - | - | - |
| FCF margin | - | - | - | - | -6.24% | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1800 | 0.2000 | 0.2250 | - | - | 0.2000 | 0.2700 | 0.3100 |
| Announcement Date | 4/15/19 | 4/27/20 | 4/27/21 | 4/28/22 | 4/13/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q2 | 2023 Q3 |
|---|---|---|
| Net sales | - | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | 1,768 | 3,184 |
| Net margin | - | - |
| EPS | 0.1300 | - |
| Dividend per Share | - | - |
| Announcement Date | 8/29/23 | 10/27/23 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | -5,003 | - | - | - |
| ROE (net income / shareholders' equity) | 6.64% | 6.85% | 9.22% | -1.3% | -2.91% | 10.8% | 11.6% | 11.9% |
| ROA (Net income/ Total Assets) | 3.63% | 3.89% | 5.4% | -2.14% | - | 4.52% | 5.82% | 6.15% |
| Assets 1 | 111,299 | 110,333 | 112,751 | 39,964 | - | 163,768 | 147,507 | 153,210 |
| Book Value Per Share 2 | 4.500 | 4.720 | 4.990 | 4.700 | 4.570 | 5.120 | 5.550 | 5.960 |
| Cash Flow per Share 2 | 0.5000 | 0.6700 | 0.7400 | 0.0600 | 0.0200 | 0.8200 | 0.9800 | 1.110 |
| Capex 1 | 2,076 | 1,753 | 3,179 | 4,649 | 5,227 | 15,227 | 6,704 | 8,618 |
| Capex / Sales | 3.67% | 3.22% | 6.15% | 6.54% | 6.52% | 18.03% | 7.72% | 9.63% |
| Announcement Date | 4/15/19 | 4/27/20 | 4/27/21 | 4/28/22 | 4/13/23 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
6.31
CNY
Average target price
5.917
CNY
Spread / Average Target
-6.23%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +36.88% | 11.68B | |
| +18.36% | 17.24B | |
| -10.11% | 12.67B | |
| +46.81% | 12.56B | |
| +20.23% | 5.32B | |
| -1.85% | 4.63B | |
| +26.33% | 4.33B | |
| -1.55% | 3.64B | |
| +9.41% | 3.5B | |
| +15.54% | 3.16B |
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- 600023 Stock
- Financials Zhejiang Zheneng Electric Power Co., Ltd.
