Financials Puxing Energy Limited

Equities

90

KYG730761049

Independent Power Producers

Delayed Hong Kong S.E. 09:34:31 2024-05-09 pm EDT 5-day change 1st Jan Change
0.36 HKD -1.37% Intraday chart for Puxing Energy Limited 0.00% -2.70%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 420.2 257.7 270.5 216.1 306.4 263.3
Enterprise Value (EV) 1 1,024 776.3 711.4 956.6 1,041 1,026
P/E ratio 12.3 x 5.68 x 4.93 x 1.74 x 2.96 x 5.08 x
Yield 2.73% 5.47% 6.06% 17.9% 6.83% -
Capitalization / Revenue 1.21 x 0.92 x 0.93 x 0.37 x 0.51 x 0.35 x
EV / Revenue 2.94 x 2.76 x 2.43 x 1.65 x 1.73 x 1.36 x
EV / EBITDA 7.06 x 5.17 x 4.49 x 3.46 x 3.62 x 5 x
EV / FCF 12.3 x 8.26 x 7.93 x 3.45 x 8.25 x 9.16 x
FCF Yield 8.16% 12.1% 12.6% 28.9% 12.1% 10.9%
Price to Book 0.81 x 0.48 x 0.47 x 0.33 x 0.43 x 0.35 x
Nbr of stocks (in thousands) 458,600 458,600 458,600 458,600 458,600 458,600
Reference price 2 0.9162 0.5620 0.5898 0.4713 0.6681 0.5741
Announcement Date 4/27/18 4/25/19 4/21/20 4/29/21 4/26/22 4/25/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 348.4 281.6 292.2 580.2 601.6 753.3
EBITDA 1 145 150.2 158.4 276.8 287.3 205.5
EBIT 1 90.56 93.73 101.6 191.5 202.5 119.6
Operating Margin 26% 33.28% 34.77% 33.01% 33.67% 15.87%
Earnings before Tax (EBT) 1 60 70.32 83.78 171.4 154.2 76.58
Net income 1 34.22 45.58 54.85 124.2 103.8 51.93
Net margin 9.82% 16.18% 18.77% 21.4% 17.26% 6.89%
EPS 2 0.0746 0.0990 0.1196 0.2708 0.2260 0.1130
Free Cash Flow 1 83.57 94.02 89.69 276.9 126.3 112
FCF margin 23.99% 33.39% 30.69% 47.72% 20.99% 14.87%
FCF Conversion (EBITDA) 57.63% 62.61% 56.63% 100.01% 43.94% 54.51%
FCF Conversion (Net income) 244.19% 206.28% 163.51% 222.94% 121.62% 215.67%
Dividend per Share 2 0.0250 0.0307 0.0358 0.0842 0.0456 -
Announcement Date 4/27/18 4/25/19 4/21/20 4/29/21 4/26/22 4/25/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 604 519 441 740 735 763
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.166 x 3.453 x 2.784 x 2.675 x 2.557 x 3.714 x
Free Cash Flow 1 83.6 94 89.7 277 126 112
ROE (net income / shareholders' equity) 6.79% 8.56% 9.8% 15.1% 15.2% 7.1%
ROA (Net income/ Total Assets) 4.2% 4.65% 5.28% 6.15% 6.67% 4.11%
Assets 1 815.5 979.6 1,039 2,019 1,556 1,264
Book Value Per Share 2 1.140 1.180 1.260 1.420 1.570 1.620
Cash Flow per Share 2 0.1700 0.1600 0.1100 0.2900 0.1700 0.2000
Capex 1 17.1 13.1 8.76 15.8 17.6 9.39
Capex / Sales 4.91% 4.65% 3% 2.73% 2.92% 1.25%
Announcement Date 4/27/18 4/25/19 4/21/20 4/29/21 4/26/22 4/25/23
1CNY in Million2CNY
Estimates
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