KUNLUN ENERGY COMPANY LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.6 HKD | +1.33% |
|
+4.11% | +7.95% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 59,573 | 58,014 | 63,296 | 48,230 | 60,958 | 65,807 | - | - |
| Enterprise Value (EV) 1 | 77,664 | 72,394 | 59,216 | 53,983 | 57,854 | 58,878 | 48,617 | 50,204 |
| P/E ratio | 9.69 x | 8.03 x | 2.24 x | 8.08 x | 9.92 x | 9.69 x | 8.71 x | 8.4 x |
| Yield | 4.2% | 3.74% | 3.5% | 5.2% | 4.37% | 4.57% | 5.01% | 5.47% |
| Capitalization / Revenue | 0.48 x | 0.41 x | 0.37 x | 0.25 x | 0.32 x | 0.33 x | 0.31 x | 0.29 x |
| EV / Revenue | 0.62 x | 0.51 x | 0.35 x | 0.27 x | 0.3 x | 0.29 x | 0.23 x | 0.22 x |
| EV / EBITDA | 3.29 x | 4.71 x | 3.12 x | 2.9 x | 3.03 x | 3.01 x | 2.33 x | 2.32 x |
| EV / FCF | 11.5 x | 6.11 x | 11.6 x | 5.16 x | - | 8.82 x | 6.84 x | 7.53 x |
| FCF Yield | 8.67% | 16.4% | 8.6% | 19.4% | - | 11.3% | 14.6% | 13.3% |
| Price to Book | 1.08 x | 0.91 x | 0.91 x | 0.71 x | 0.89 x | 0.9 x | 0.84 x | 0.8 x |
| Nbr of stocks (in thousands) | 8,658,802 | 8,658,802 | 8,658,802 | 8,658,802 | 8,658,802 | 8,658,802 | - | - |
| Reference price 2 | 6.880 | 6.700 | 7.310 | 5.570 | 7.040 | 7.600 | 7.600 | 7.600 |
| Announcement Date | 3/24/20 | 3/23/21 | 3/29/22 | 3/28/23 | 3/25/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 124,418 | 142,237 | 170,430 | 196,327 | 191,879 | 201,651 | 215,444 | 225,106 |
| EBITDA 1 | 23,597 | 15,361 | 19,009 | 18,633 | 19,123 | 19,593 | 20,909 | 21,615 |
| EBIT 1 | 16,625 | 16,670 | 12,369 | 12,982 | 13,722 | 13,692 | 14,470 | 15,451 |
| Operating Margin | 13.36% | 11.72% | 7.26% | 6.61% | 7.15% | 6.79% | 6.72% | 6.86% |
| Earnings before Tax (EBT) 1 | 14,982 | 15,787 | 13,010 | 13,007 | 13,624 | 14,613 | 16,091 | 16,456 |
| Net income 1 | 6,095 | 7,227 | 28,312 | 5,969 | 6,147 | 6,788 | 7,554 | 7,694 |
| Net margin | 4.9% | 5.08% | 16.61% | 3.04% | 3.2% | 3.37% | 3.51% | 3.42% |
| EPS 2 | 0.7098 | 0.8346 | 3.270 | 0.6894 | 0.7099 | 0.7843 | 0.8729 | 0.9044 |
| Free Cash Flow 1 | 6,737 | 11,855 | 5,095 | 10,452 | - | 6,677 | 7,110 | 6,665 |
| FCF margin | 5.41% | 8.33% | 2.99% | 5.32% | - | 3.31% | 3.3% | 2.96% |
| FCF Conversion (EBITDA) | 28.55% | 77.17% | 26.8% | 56.1% | - | 34.08% | 34% | 30.84% |
| FCF Conversion (Net income) | 110.53% | 164.03% | 17.99% | 175.1% | - | 98.37% | 94.12% | 86.63% |
| Dividend per Share 2 | 0.2888 | 0.2504 | 0.2556 | 0.2899 | 0.3078 | 0.3471 | 0.3806 | 0.4157 |
| Announcement Date | 3/24/20 | 3/23/21 | 3/29/22 | 3/28/23 | 3/25/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 79,950 | 77,914 | 90,793 | 96,292 | 100,570 | 97,676 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | 8,816 | 5,635 | 6,609 | 7,021 | 6,000 | 7,244 |
| Operating Margin | - | 11.03% | 7.23% | 7.28% | 7.29% | 5.97% | 7.42% |
| Earnings before Tax (EBT) 1 | - | 8,479 | - | - | 7,205 | 5,843 | 6,277 |
| Net income 1 | 2,680 | 4,410 | 24,625 | - | 3,536 | 2,453 | 2,661 |
| Net margin | - | 5.52% | 31.61% | - | 3.67% | 2.44% | 2.72% |
| EPS 2 | 0.3095 | 0.5093 | 2.844 | - | - | - | 0.3074 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 9/10/20 | 3/23/21 | 8/24/21 | 3/29/22 | 8/23/22 | 3/28/23 | 3/25/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 18,092 | 14,380 | - | 5,754 | - | - | - | - |
| Net Cash position 1 | - | - | 4,080 | - | 3,104 | 6,929 | 17,190 | 15,603 |
| Leverage (Debt/EBITDA) | 0.7667 x | 0.9361 x | - | 0.3088 x | - | - | - | - |
| Free Cash Flow 1 | 6,737 | 11,855 | 5,095 | 10,452 | - | 6,677 | 7,110 | 6,665 |
| ROE (net income / shareholders' equity) | 13.5% | 11.7% | 9.57% | 10.8% | 9.96% | 9.89% | 9.92% | 9.74% |
| ROA (Net income/ Total Assets) | 4.33% | 4% | 16% | 4.63% | 4.35% | 4.9% | 4.99% | 5.48% |
| Assets 1 | 140,620 | 180,518 | 176,953 | 129,003 | 141,282 | 138,647 | 151,299 | 140,462 |
| Book Value Per Share 2 | 6.360 | 7.380 | 7.990 | 7.900 | 7.950 | 8.450 | 9.060 | 9.520 |
| Cash Flow per Share 2 | 2.040 | 2.310 | 1.710 | 1.960 | - | 1.770 | 1.970 | 1.990 |
| Capex 1 | 10,874 | 8,116 | 9,687 | 6,532 | - | 7,370 | 7,796 | 8,087 |
| Capex / Sales | 8.74% | 5.71% | 5.68% | 3.33% | - | 3.66% | 3.62% | 3.59% |
| Announcement Date | 3/24/20 | 3/23/21 | 3/29/22 | 3/28/23 | 3/25/24 | - | - | - |
1HKD in Million2HKD
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
16
Last Close Price
7.6
HKD
Average target price
8.342
HKD
Spread / Average Target
+9.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.95% | 8.41B | |
| 0.00% | 14.25B | |
| +16.26% | 9.6B | |
| +5.35% | 7.53B | |
| -3.52% | 7.3B | |
| +28.95% | 5.72B | |
| -28.15% | 5.56B | |
| +18.39% | 5.37B | |
| +3.17% | 5.32B | |
| +19.48% | 4.55B |
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- Financials Kunlun Energy Company Limited
