Financials Shanxi Guoxin Energy Corporation Limited

Equities

600617

CNE0000005L8

Natural Gas Utilities

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
3.74 CNY +2.47% Intraday chart for Shanxi Guoxin Energy Corporation Limited +19.11% -3.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,138 4,934 4,795 5,603 5,421 5,095
Enterprise Value (EV) 1 22,247 23,959 23,307 24,448 23,318 21,681
P/E ratio 115 x 159 x -6.7 x 141 x 81 x 64.3 x
Yield 0.41% - - 0.47% - -
Capitalization / Revenue 0.46 x 0.45 x 0.46 x 0.44 x 0.35 x 0.3 x
EV / Revenue 2 x 2.2 x 2.25 x 1.94 x 1.51 x 1.26 x
EV / EBITDA 17.2 x 18.3 x 43 x 15.8 x 12.6 x 9.79 x
EV / FCF -13.5 x -14.5 x -21.8 x 37.9 x 44.9 x 11.2 x
FCF Yield -7.41% -6.9% -4.6% 2.64% 2.23% 8.9%
Price to Book 1.39 x 1.37 x 1.69 x 1.62 x 1.53 x 1.02 x
Nbr of stocks (in thousands) 1,084,664 1,084,664 1,084,664 1,377,994 1,377,994 1,377,994
Reference price 2 4.850 4.770 4.690 4.230 4.050 3.860
Announcement Date 4/16/19 4/27/20 4/28/21 4/19/22 4/26/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 11,139 10,901 10,354 12,608 15,438 17,198
EBITDA 1 1,296 1,308 541.7 1,551 1,850 2,214
EBIT 1 699.2 603.8 -223.5 661.8 785.8 1,095
Operating Margin 6.28% 5.54% -2.16% 5.25% 5.09% 6.36%
Earnings before Tax (EBT) 1 163.8 52.86 -912.3 81.42 30.42 195.1
Net income 1 45.74 34.67 -762.9 45.36 63.67 77.99
Net margin 0.41% 0.32% -7.37% 0.36% 0.41% 0.45%
EPS 2 0.0421 0.0300 -0.7000 0.0300 0.0500 0.0600
Free Cash Flow 1 -1,649 -1,652 -1,072 644.5 519.6 1,930
FCF margin -14.81% -15.16% -10.35% 5.11% 3.37% 11.22%
FCF Conversion (EBITDA) - - - 41.56% 28.09% 87.16%
FCF Conversion (Net income) - - - 1,420.9% 816.02% 2,474.65%
Dividend per Share 2 0.0200 - - 0.0200 - -
Announcement Date 4/16/19 4/27/20 4/28/21 4/19/22 4/26/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 17,109 19,026 18,512 18,845 17,897 16,587
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 13.21 x 14.55 x 34.17 x 12.15 x 9.676 x 7.491 x
Free Cash Flow 1 -1,649 -1,652 -1,072 645 520 1,930
ROE (net income / shareholders' equity) 0.56% -1.42% -25.9% -2.37% -2.14% 1.46%
ROA (Net income/ Total Assets) 1.6% 1.29% -0.49% 1.29% 1.55% 2.28%
Assets 1 2,855 2,681 156,746 3,507 4,121 3,421
Book Value Per Share 2 3.480 3.490 2.780 2.610 2.640 3.780
Cash Flow per Share 2 3.130 2.350 2.720 3.940 3.040 3.400
Capex 1 1,773 1,376 941 926 450 431
Capex / Sales 15.92% 12.62% 9.09% 7.34% 2.91% 2.5%
Announcement Date 4/16/19 4/27/20 4/28/21 4/19/22 4/26/23 4/25/24
1CNY in Million2CNY
Estimates
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