NANJING PUBLIC UTILITIES DEVELOPMENT CO., LTD. Financials Nanjing Public Utilities Development Co., Ltd.
Equities
000421
CNE0000003L3
Natural Gas Utilities
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.7 CNY | +5.95% |
|
+13.32% | -18.45% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,554 | 2,594 | 3,883 | 2,829 | 2,828 | 4,042 |
| Enterprise Value (EV) 1 | 2,909 | 4,451 | 7,467 | 5,799 | 7,378 | 6,393 |
| P/E ratio | 17.8 x | 25.6 x | 17.2 x | 28.7 x | 46.7 x | -44.8 x |
| Yield | 2.24% | 1.43% | 0.96% | 2.02% | 2.04% | 1.43% |
| Capitalization / Revenue | 0.73 x | 0.72 x | 0.57 x | 0.79 x | 0.4 x | 0.87 x |
| EV / Revenue | 0.83 x | 1.24 x | 1.09 x | 1.62 x | 1.04 x | 1.38 x |
| EV / EBITDA | 5.84 x | 10 x | 5.74 x | 12.6 x | 16.5 x | 26.3 x |
| EV / FCF | -5.67 x | -2.07 x | -3.79 x | 1,089 x | -13.9 x | 3.13 x |
| FCF Yield | -17.6% | -48.3% | -26.4% | 0.09% | -7.18% | 31.9% |
| Price to Book | 1 x | 1 x | 1.39 x | 0.99 x | 0.99 x | 1.48 x |
| Nbr of stocks (in thousands) | 572,647 | 572,647 | 572,647 | 572,647 | 578,332 | 578,262 |
| Reference price 2 | 4.460 | 4.530 | 6.780 | 4.940 | 4.890 | 6.990 |
| Announcement Date | 3/21/19 | 4/16/20 | 4/15/21 | 4/14/22 | 4/12/23 | 4/11/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,508 | 3,594 | 6,840 | 3,589 | 7,113 | 4,632 |
| EBITDA 1 | 497.9 | 443.6 | 1,300 | 460.9 | 446.6 | 243.2 |
| EBIT 1 | 317.4 | 247.8 | 1,113 | 263.1 | 219.5 | 26.29 |
| Operating Margin | 9.05% | 6.89% | 16.27% | 7.33% | 3.09% | 0.57% |
| Earnings before Tax (EBT) 1 | 326.9 | 239.4 | 853.7 | 217.3 | 147.9 | -65.34 |
| Net income 1 | 143.2 | 101.2 | 225.1 | 98.65 | 60.53 | -90.27 |
| Net margin | 4.08% | 2.82% | 3.29% | 2.75% | 0.85% | -1.95% |
| EPS 2 | 0.2501 | 0.1767 | 0.3931 | 0.1723 | 0.1047 | -0.1561 |
| Free Cash Flow 1 | -512.9 | -2,152 | -1,968 | 5.325 | -530 | 2,042 |
| FCF margin | -14.62% | -59.87% | -28.77% | 0.15% | -7.45% | 44.09% |
| FCF Conversion (EBITDA) | - | - | - | 1.16% | - | 839.66% |
| FCF Conversion (Net income) | - | - | - | 5.4% | - | - |
| Dividend per Share 2 | 0.1000 | 0.0650 | 0.0650 | 0.1000 | 0.1000 | 0.1000 |
| Announcement Date | 3/21/19 | 4/16/20 | 4/15/21 | 4/14/22 | 4/12/23 | 4/11/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 355 | 1,857 | 3,585 | 2,971 | 4,550 | 2,351 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7126 x | 4.185 x | 2.758 x | 6.446 x | 10.19 x | 9.667 x |
| Free Cash Flow 1 | -513 | -2,152 | -1,968 | 5.33 | -530 | 2,042 |
| ROE (net income / shareholders' equity) | 7.01% | 5.19% | 15.9% | 4.23% | 2.15% | -2.64% |
| ROA (Net income/ Total Assets) | 1.77% | 1.31% | 6.02% | 1.31% | 0.93% | 0.11% |
| Assets 1 | 8,068 | 7,701 | 3,741 | 7,550 | 6,540 | -85,568 |
| Book Value Per Share 2 | 4.460 | 4.540 | 4.880 | 5.000 | 4.960 | 4.710 |
| Cash Flow per Share 2 | 3.080 | 1.430 | 2.070 | 3.570 | 2.570 | 3.050 |
| Capex 1 | 319 | 480 | 345 | 361 | 435 | 311 |
| Capex / Sales | 9.08% | 13.36% | 5.05% | 10.05% | 6.12% | 6.72% |
| Announcement Date | 3/21/19 | 4/16/20 | 4/15/21 | 4/14/22 | 4/12/23 | 4/11/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -18.45% | 430M | |
| +6.35% | 15.1B | |
| +33.65% | 11.02B | |
| +17.33% | 9.07B | |
| +6.64% | 8.13B | |
| +10.34% | 7.92B | |
| +34.47% | 5.98B | |
| -23.51% | 5.55B | |
| +0.53% | 5.17B | |
| -3.68% | 4.91B |
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- Financials Nanjing Public Utilities Development Co., Ltd.