Financials Henan Shenhuo Coal Industary and Electricity Power Corporation Limited

Equities

000933

CNE000001097

Aluminum

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
22.14 CNY -0.67% Intraday chart for Henan Shenhuo Coal Industary and Electricity Power Corporation Limited -3.82% +31.79%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,415 17,807 20,461 33,675 37,795 49,809 - -
Enterprise Value (EV) 1 10,415 17,807 20,461 33,675 37,795 49,809 49,809 49,809
P/E ratio 7.72 x 42 x 6.27 x 4.43 x 6.36 x 8.23 x 7.31 x 7.24 x
Yield 1.82% 1.25% 4.95% 6.68% 4.76% 5.22% 5.23% 5.93%
Capitalization / Revenue 0.59 x 0.95 x 0.59 x 0.79 x 1 x 1.28 x 1.2 x 1.21 x
EV / Revenue 0.59 x 0.95 x 0.59 x 0.79 x 1 x 1.28 x 1.2 x 1.21 x
EV / EBITDA - 9.6 x 2.83 x 2.67 x 3.72 x 4.89 x 4.6 x 4.36 x
EV / FCF - - 2.16 x 2.44 x 3.6 x 4.64 x 4.17 x 4.42 x
FCF Yield - - 46.3% 41% 27.8% 21.5% 24% 22.6%
Price to Book 1.34 x 2.55 x 2.17 x 2.1 x 1.91 x 2.12 x 1.73 x 1.54 x
Nbr of stocks (in thousands) 1,900,500 2,231,462 2,250,987 2,250,987 2,249,708 2,249,708 - -
Reference price 2 5.480 7.980 9.090 14.96 16.80 22.14 22.14 22.14
Announcement Date 4/29/20 4/5/21 3/17/22 3/27/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,618 18,809 34,452 42,704 37,625 39,000 41,661 41,241
EBITDA 1 - 1,855 7,221 12,595 10,165 10,176 10,828 11,415
EBIT 1 1,008 506.1 5,346 10,902 8,270 8,513 9,848 9,584
Operating Margin 5.72% 2.69% 15.52% 25.53% 21.98% 21.83% 23.64% 23.24%
Earnings before Tax (EBT) 1 1,061 772.3 5,077 10,660 8,156 8,701 9,950 9,789
Net income 1 1,345 358.3 3,234 7,571 5,905 6,057 6,811 6,874
Net margin 7.64% 1.91% 9.39% 17.73% 15.7% 15.53% 16.35% 16.67%
EPS 2 0.7100 0.1900 1.450 3.380 2.640 2.691 3.028 3.056
Free Cash Flow 1 - - 9,479 13,794 10,503 10,728 11,943 11,262
FCF margin - - 27.51% 32.3% 27.92% 27.51% 28.67% 27.31%
FCF Conversion (EBITDA) - - 131.28% 109.52% 103.33% 105.42% 110.29% 98.66%
FCF Conversion (Net income) - - 293.09% 182.19% 177.86% 177.13% 175.35% 163.84%
Dividend per Share 2 0.1000 0.1000 0.4500 1.000 0.8000 1.155 1.158 1.313
Announcement Date 4/29/20 4/5/21 3/17/22 3/27/23 3/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2023 Q2
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 4,536 1,193
Net margin - -
EPS 2 2.029 0.5260
Dividend per Share - -
Announcement Date 8/22/22 8/21/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 9,479 13,794 10,503 10,728 11,943 11,262
ROE (net income / shareholders' equity) 18.9% 7.67% 38.1% 57.5% 33.6% 25.9% 23.7% 21.4%
ROA (Net income/ Total Assets) 2.58% 0.63% 5.73% 13.3% - 9.96% 11.2% 11.1%
Assets 1 52,090 56,967 56,483 57,003 - 60,809 60,568 62,205
Book Value Per Share 2 4.090 3.130 4.180 7.130 8.810 10.50 12.80 14.30
Cash Flow per Share 2 0.0700 0.7700 5.060 6.250 4.970 3.830 4.310 4.550
Capex 1 1,129 3,174 1,817 267 687 1,971 1,502 2,000
Capex / Sales 6.41% 16.88% 5.28% 0.62% 1.83% 5.05% 3.61% 4.85%
Announcement Date 4/29/20 4/5/21 3/17/22 3/27/23 3/25/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
22.14 CNY
Average target price
23.6 CNY
Spread / Average Target
+6.59%
Consensus

Annual profits - Rate of surprise

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