CHINA WESTERN POWER INDUSTRIAL CO., LTD. Financials China Western Power Industrial Co., Ltd.
Equities
002630
CNE100001948
Heavy Electrical Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.77 CNY | +1.09% |
|
+6.54% | +11.69% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,365 | 2,822 | 3,094 | 2,858 | 3,472 | 2,928 |
| Enterprise Value (EV) 1 | 7,019 | 5,968 | 7,653 | 7,866 | 8,412 | 7,619 |
| P/E ratio | -23.7 x | 77.1 x | -6.64 x | -4.19 x | -4.59 x | -15.2 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.92 x | 0.78 x | 1.4 x | 1.88 x | 4.04 x | 1.57 x |
| EV / Revenue | 1.92 x | 1.65 x | 3.47 x | 5.18 x | 9.79 x | 4.08 x |
| EV / EBITDA | 60.6 x | 19.8 x | -39.8 x | -21.3 x | -22.7 x | 46.8 x |
| EV / FCF | 21.5 x | -7.37 x | -1.92 x | 47.7 x | 2.72 x | -92,778 x |
| FCF Yield | 4.65% | -13.6% | -52% | 2.1% | 36.8% | -0% |
| Price to Book | 1.07 x | 0.89 x | 1.25 x | 1.73 x | 3.9 x | 4.84 x |
| Nbr of stocks (in thousands) | 11,80,800 | 11,80,800 | 11,80,800 | 11,80,800 | 11,80,800 | 11,80,800 |
| Reference price 2 | 2.850 | 2.390 | 2.620 | 2.420 | 2.940 | 2.480 |
| Announcement Date | 02/04/19 | 29/04/20 | 26/04/21 | 27/04/22 | 26/04/23 | 26/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,648 | 3,623 | 2,207 | 1,517 | 859.1 | 1,867 |
| EBITDA 1 | 115.8 | 301.5 | -192.2 | -369.9 | -370 | 162.9 |
| EBIT 1 | 44.2 | 214.2 | -391.9 | -446.2 | -450.2 | 98.21 |
| Operating Margin | 1.21% | 5.91% | -17.76% | -29.41% | -52.41% | 5.26% |
| Earnings before Tax (EBT) 1 | -175.6 | 3.045 | -606.1 | -794.9 | -794.9 | -231 |
| Net income 1 | -142.2 | 36.66 | -465.7 | -682.1 | -757.1 | -193.1 |
| Net margin | -3.9% | 1.01% | -21.1% | -44.96% | -88.12% | -10.34% |
| EPS 2 | -0.1204 | 0.0310 | -0.3944 | -0.5776 | -0.6412 | -0.1635 |
| Free Cash Flow 1 | 326.2 | -809.9 | -3,977 | 165.1 | 3,092 | -0.0821 |
| FCF margin | 8.94% | -22.35% | -180.18% | 10.88% | 359.91% | -0% |
| FCF Conversion (EBITDA) | 281.76% | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 02/04/19 | 29/04/20 | 26/04/21 | 27/04/22 | 26/04/23 | 26/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3,654 | 3,146 | 4,559 | 5,009 | 4,940 | 4,691 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 31.56 x | 10.43 x | -23.73 x | -13.54 x | -13.35 x | 28.8 x |
| Free Cash Flow 1 | 326 | -810 | -3,977 | 165 | 3,092 | -0.08 |
| ROE (net income / shareholders' equity) | -4.36% | 1% | -15.9% | -30.7% | -53.2% | -22.4% |
| ROA (Net income/ Total Assets) | 0.19% | 0.97% | -1.94% | -2.36% | -2.63% | 0.61% |
| Assets 1 | -74,577 | 3,775 | 24,047 | 28,893 | 28,749 | -31,708 |
| Book Value Per Share 2 | 2.670 | 2.680 | 2.100 | 1.400 | 0.7500 | 0.5100 |
| Cash Flow per Share 2 | 0.5600 | 0.4900 | 0.3600 | 0.2300 | 0.1900 | 0.2100 |
| Capex 1 | 1,029 | 663 | 1,271 | 6.5 | 11.6 | 2.61 |
| Capex / Sales | 28.21% | 18.3% | 57.57% | 0.43% | 1.35% | 0.14% |
| Announcement Date | 02/04/19 | 29/04/20 | 26/04/21 | 27/04/22 | 26/04/23 | 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
| 1st Jan change | Capi. | |
|---|---|---|
| +11.69% | 453M | |
| +26.43% | 96.15B | |
| +53.26% | 26.3B | |
| +53.66% | 18.22B | |
| +27.64% | 10.6B | |
| +8.99% | 8.1B | |
| +35.43% | 8.03B | |
| +144.04% | 6.42B | |
| +52.54% | 5.33B | |
| +139.24% | 4.55B |
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