SHENZHEN ENERGY GROUP CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.23 CNY | +0.42% |
|
+2.26% | +12.09% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 20,814 | 24,619 | 28,973 | 38,535 | 30,257 | 30,685 |
| Enterprise Value (EV) 1 | 60,788 | 69,238 | 75,227 | 90,817 | 83,095 | 89,714 |
| P/E ratio | 30.1 x | 14.5 x | 7.81 x | 25.5 x | 21.2 x | 23.9 x |
| Yield | 0.95% | 0.81% | 4.27% | 2.16% | 2.2% | 2.17% |
| Capitalization / Revenue | 1.12 x | 1.18 x | 1.42 x | 1.22 x | 0.81 x | 0.76 x |
| EV / Revenue | 3.28 x | 3.33 x | 3.68 x | 2.88 x | 2.21 x | 2.21 x |
| EV / EBITDA | 11 x | 10.1 x | 11.2 x | 11.6 x | 9.4 x | 8.37 x |
| EV / FCF | -10.2 x | -12.7 x | -8.23 x | -10.1 x | -13.2 x | -12.9 x |
| FCF Yield | -9.77% | -7.86% | -12.1% | -9.9% | -7.57% | -7.73% |
| Price to Book | 0.99 x | 1.02 x | 0.76 x | 1.41 x | 1.07 x | 1.05 x |
| Nbr of stocks (in thousands) | 4,757,390 | 4,757,390 | 4,757,390 | 4,757,390 | 4,757,390 | 4,757,390 |
| Reference price 2 | 4.375 | 5.175 | 6.090 | 8.100 | 6.360 | 6.450 |
| Announcement Date | 4/3/19 | 4/29/20 | 4/19/21 | 4/21/22 | 4/20/23 | 4/19/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 18,527 | 20,817 | 20,455 | 31,570 | 37,525 | 40,504 |
| EBITDA 1 | 5,509 | 6,884 | 6,734 | 7,857 | 8,840 | 10,720 |
| EBIT 1 | 2,980 | 4,204 | 3,908 | 4,042 | 4,535 | 6,111 |
| Operating Margin | 16.08% | 20.2% | 19.1% | 12.8% | 12.09% | 15.09% |
| Earnings before Tax (EBT) 1 | 1,215 | 2,296 | 4,562 | 2,751 | 2,938 | 3,283 |
| Net income 1 | 690.7 | 1,701 | 3,984 | 2,129 | 2,199 | 2,046 |
| Net margin | 3.73% | 8.17% | 19.48% | 6.74% | 5.86% | 5.05% |
| EPS 2 | 0.1452 | 0.3576 | 0.7800 | 0.3181 | 0.3000 | 0.2700 |
| Free Cash Flow 1 | -5,940 | -5,440 | -9,138 | -8,987 | -6,289 | -6,936 |
| FCF margin | -32.06% | -26.13% | -44.67% | -28.47% | -16.76% | -17.12% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0417 | 0.0417 | 0.2600 | 0.1750 | 0.1400 | 0.1400 |
| Announcement Date | 4/3/19 | 4/29/20 | 4/19/21 | 4/21/22 | 4/20/23 | 4/19/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 39,974 | 44,618 | 46,254 | 52,282 | 52,838 | 59,029 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.256 x | 6.482 x | 6.869 x | 6.654 x | 5.977 x | 5.507 x |
| Free Cash Flow 1 | -5,940 | -5,440 | -9,138 | -8,987 | -6,289 | -6,936 |
| ROE (net income / shareholders' equity) | 2.74% | 5.99% | 11.3% | 4.61% | 4.75% | 5.05% |
| ROA (Net income/ Total Assets) | 2.29% | 2.9% | 2.32% | 2.06% | 2.07% | 2.59% |
| Assets 1 | 30,096 | 58,651 | 171,431 | 103,447 | 105,967 | 78,945 |
| Book Value Per Share 2 | 4.430 | 5.060 | 7.980 | 5.740 | 5.930 | 6.140 |
| Cash Flow per Share 2 | 0.6600 | 0.6600 | 1.380 | 1.460 | 1.550 | 1.840 |
| Capex 1 | 7,338 | 10,725 | 14,684 | 12,254 | 11,077 | 14,849 |
| Capex / Sales | 39.61% | 51.52% | 71.79% | 38.81% | 29.52% | 36.66% |
| Announcement Date | 4/3/19 | 4/29/20 | 4/19/21 | 4/21/22 | 4/20/23 | 4/19/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +12.09% | 4.75B | |
| +19.12% | 14.52B | |
| +10.10% | 5B | |
| -9.04% | 3.79B | |
| +8.63% | 3.58B | |
| +1.83% | 2.35B | |
| -23.42% | 2.07B | |
| +38.72% | 1.74B | |
| +26.86% | 1.69B | |
| +30.34% | 1.71B |
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