Financials Shunfeng International Clean Energy Limited

Equities

1165

KYG8116S1057

Independent Power Producers

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.02 HKD -9.09% Intraday chart for Shunfeng International Clean Energy Limited +17.65% +11.11%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,509 2,291 521 998 317.6 175.1
Enterprise Value (EV) 1 14,849 15,286 11,343 9,033 5,538 4,670
P/E ratio -1.81 x -1.21 x -0.27 x -1.81 x -0.4 x -0.99 x
Yield - - - - - -
Capitalization / Revenue 0.15 x 0.22 x 0.3 x 0.68 x 0.49 x 0.56 x
EV / Revenue 1.48 x 1.49 x 6.55 x 6.16 x 8.52 x 14.9 x
EV / EBITDA 10.1 x 11 x 8.94 x 11.1 x 11 x 23.2 x
EV / FCF -91.9 x 26.1 x -4.06 x 8.16 x -10.9 x 5.88 x
FCF Yield -1.09% 3.83% -24.6% 12.3% -9.13% 17%
Price to Book 0.37 x 1.01 x -0.6 x -0.68 x -0.33 x -0.16 x
Nbr of stocks (in thousands) 4,314,151 4,982,375 4,982,375 4,982,375 4,982,375 5,082,375
Reference price 2 0.3498 0.4598 0.1046 0.2003 0.0637 0.0344
Announcement Date 4/27/18 4/30/19 5/15/20 4/29/21 5/13/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 10,017 10,291 1,731 1,466 650.2 313.1
EBITDA 1 1,477 1,393 1,269 816.9 501.4 201.5
EBIT 1 371.8 485.1 467.5 424.7 187.6 54.12
Operating Margin 3.71% 4.71% 27.01% 28.96% 28.85% 17.28%
Earnings before Tax (EBT) 1 -767.6 -1,578 -2,001 -488.5 -866.6 -173.8
Net income 1 -832 -1,706 -1,902 -552.3 -799.7 -173.9
Net margin -8.31% -16.57% -109.86% -37.66% -122.99% -55.53%
EPS 2 -0.1929 -0.3808 -0.3817 -0.1108 -0.1605 -0.0348
Free Cash Flow 1 -161.5 586.1 -2,791 1,108 -505.8 794.2
FCF margin -1.61% 5.7% -161.2% 75.53% -77.8% 253.61%
FCF Conversion (EBITDA) - 42.07% - 135.58% - 394.18%
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/27/18 4/30/19 5/15/20 4/29/21 5/13/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 13,339 12,995 10,822 8,035 5,220 4,495
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.034 x 9.329 x 8.531 x 9.836 x 10.41 x 22.31 x
Free Cash Flow 1 -161 586 -2,791 1,108 -506 794
ROE (net income / shareholders' equity) -14.6% -37.9% -95.2% -150% 219% 19.6%
ROA (Net income/ Total Assets) 0.87% 1.2% 1.41% 2.05% 1.42% 0.57%
Assets 1 -95,506 -142,707 -135,162 -26,887 -56,140 -30,503
Book Value Per Share 2 0.9400 0.4500 -0.1700 -0.3000 -0.2000 -0.2100
Cash Flow per Share 2 0.1500 0.1500 0.0200 0.0500 0.0100 0.1000
Capex 1 1,088 575 382 102 61.3 13.8
Capex / Sales 10.87% 5.58% 22.05% 6.94% 9.44% 4.41%
Announcement Date 4/27/18 4/30/19 5/15/20 4/29/21 5/13/22 4/28/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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