Financials Shanghai Electric Power Co., Ltd.

Equities

600021

CNE000001G53

Electric Utilities

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
9.04 CNY +1.23% Intraday chart for Shanghai Electric Power Co., Ltd. -0.22% +6.86%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 21,068 18,634 33,552 28,196 23,830 25,463 -
Enterprise Value (EV) 1 21,068 18,634 33,552 28,196 23,830 25,463 25,463
P/E ratio 22.3 x 24.6 x -16.6 x 147 x 17.1 x 8.37 x 7.01 x
Yield 1.61% 1.54% - 0.35% 2.36% 3.54% 4.31%
Capitalization / Revenue 0.89 x 0.77 x - 0.72 x 0.56 x 0.61 x 0.55 x
EV / Revenue 0.89 x 0.77 x - 0.72 x 0.56 x 0.61 x 0.55 x
EV / EBITDA - - - - - - -
EV / FCF - - - 7.55 x -46.3 x -3.4 x -3.67 x
FCF Yield - - - 13.2% -2.16% -29.4% -27.3%
Price to Book - 1.14 x - 1.75 x 1.33 x 1.02 x 0.93 x
Nbr of stocks (in thousands) 2,617,164 2,617,164 2,617,164 2,816,744 2,816,744 2,816,744 -
Reference price 2 8.050 7.120 12.82 10.01 8.460 9.040 9.040
Announcement Date 3/30/20 3/29/21 4/28/22 3/12/23 3/7/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 23,690 24,203 - 39,161 42,402 42,010 46,101
EBITDA - - - - - - -
EBIT 1 2,488 2,496 - 2,481 4,430 2,083 2,526
Operating Margin 10.5% 10.31% - 6.34% 10.45% 4.96% 5.48%
Earnings before Tax (EBT) 1 2,533 2,503 - 2,546 4,404 2,348 2,792
Net income 1 962.4 889.2 -1,893 320.8 1,593 3,045 3,621
Net margin 4.06% 3.67% - 0.82% 3.76% 7.25% 7.85%
EPS 2 0.3609 0.2900 -0.7732 0.0683 0.4954 1.080 1.290
Free Cash Flow 1 - - - 3,733 -514.3 -7,485 -6,943
FCF margin - - - 9.53% -1.21% -17.82% -15.06%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - 1,163.86% - - -
Dividend per Share 2 0.1300 0.1100 - 0.0350 0.2000 0.3200 0.3900
Announcement Date 3/30/20 3/29/21 4/28/22 3/12/23 3/7/24 - -
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 1 452.8 681.5
Net margin - -
EPS 0.1448 -
Dividend per Share - -
Announcement Date 8/28/23 10/27/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - 3,733 -514 -7,485 -6,943
ROE (net income / shareholders' equity) 5.89% 4.72% - 1.22% 8.14% 12.9% 14%
ROA (Net income/ Total Assets) 0.92% 0.74% - - - - -
Assets 1 105,178 120,002 - - - - -
Book Value Per Share 2 - 6.270 - 5.720 6.350 8.840 9.740
Cash Flow per Share 2.270 2.780 - - - - -
Capex 1 7,845 14,419 - 8,408 7,920 17,002 18,266
Capex / Sales 33.11% 59.58% - 21.47% 18.68% 40.47% 39.62%
Announcement Date 3/30/20 3/29/21 4/28/22 3/12/23 3/7/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
9.04
Average target price
-
Consensus

Annual profits - Rate of surprise

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