Financials China New Energy Limited London S.E.

Equities

CNEL

JE00B3RWLF12

Industrial Machinery & Equipment

Delayed London S.E. 09:05:06 14/07/2020 pm IST 5-day change 1st Jan Change
7.5 GBX -2.60% Intraday chart for China New Energy Limited +19.05% +194.12%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 146.4 219.8 63.02 67.54
Enterprise Value (EV) 1 132.8 246.7 90.35 94.8
P/E ratio 3.09 x 26.6 x -1.24 x -0.53 x
Yield - - - -
Capitalization / Revenue 0.28 x 0.57 x 0.54 x 1.61 x
EV / Revenue 0.25 x 0.64 x 0.77 x 2.27 x
EV / EBITDA 1.85 x 14.4 x -5.7 x -1.67 x
EV / FCF -2.73 x -6.77 x 2.61 x 0.75 x
FCF Yield -36.6% -14.8% 38.3% 134%
Price to Book 0.6 x 0.88 x 0.32 x 0.97 x
Nbr of stocks (in thousands) 5,89,759 5,89,759 5,89,759 5,89,759
Reference price 2 0.2483 0.3727 0.1069 0.1145
Announcement Date 27/05/22 29/06/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 250 398.6 521.6 386.8 117.4 41.83
EBITDA 1 51.1 76.16 71.94 17.11 -15.86 -56.74
EBIT 1 48.17 73.25 67.41 11.33 -22.29 -63.52
Operating Margin 19.27% 18.38% 12.93% 2.93% -18.99% -151.86%
Earnings before Tax (EBT) 1 47.1 72.46 56.94 8.964 -56.72 -110.4
Net income 1 45.82 59.17 44.36 8.421 -50.52 -126.6
Net margin 18.33% 14.85% 8.51% 2.18% -43.05% -302.67%
EPS 2 0.1000 0.1281 0.0803 0.0140 -0.0860 -0.2150
Free Cash Flow 1 -12.59 -13.94 -48.66 -36.46 34.56 126.9
FCF margin -5.03% -3.5% -9.33% -9.42% 29.45% 303.3%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 19/06/19 26/03/20 27/05/22 29/06/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 8.28 - 26.9 27.3 27.3
Net Cash position 1 1.05 - 13.6 - - -
Leverage (Debt/EBITDA) - 0.1088 x - 1.571 x -1.723 x -0.4804 x
Free Cash Flow 1 -12.6 -13.9 -48.7 -36.5 34.6 127
ROE (net income / shareholders' equity) 91% 58.7% 23.8% 3.17% -22.9% -95.8%
ROA (Net income/ Total Assets) 13.6% 14.1% 9.36% 1.37% -2.73% -9.81%
Assets 1 336.2 420 473.9 615.8 1,850 1,291
Book Value Per Share 2 0.1600 0.2900 0.4100 0.4200 0.3300 0.1200
Cash Flow per Share 2 0.0200 0.0600 0.0600 0.0100 0 0.0100
Capex 1 0.89 7.53 6.76 7.24 0.04 4.3
Capex / Sales 0.36% 1.89% 1.3% 1.87% 0.03% 10.29%
Announcement Date 19/06/19 26/03/20 27/05/22 29/06/22 28/04/23 26/04/24
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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