FUJIAN FUNENG CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.8 CNY | +1.34% |
|
-4.48% | +18.50% |
| 26/04 | Fujian Funeng's Profit, Operating Income Slip in Q1 2024 | MT |
| 18/04 | Fujian Funeng's Q1 Power Generation Jumps 2.4%; Shares Drop 5% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,277 | 13,960 | 31,216 | 20,679 | 21,014 | 25,096 | - | - |
| Enterprise Value (EV) 1 | 14,277 | 13,960 | 31,216 | 20,679 | 21,014 | 25,096 | 25,096 | 25,096 |
| P/E ratio | 12.8 x | 9.67 x | 27.1 x | 8.53 x | 8.53 x | 8.47 x | 7.77 x | 7.42 x |
| Yield | - | 3.4% | - | - | 3.75% | 4.59% | 6.63% | 5.61% |
| Capitalization / Revenue | 1.44 x | 1.46 x | 2.58 x | 1.44 x | 1.43 x | 1.68 x | 1.63 x | 1.5 x |
| EV / Revenue | 1.44 x | 1.46 x | 2.58 x | 1.44 x | 1.43 x | 1.68 x | 1.63 x | 1.5 x |
| EV / EBITDA | 5.35 x | 4.67 x | 10.4 x | 3.97 x | 3.77 x | 4.69 x | 3.91 x | 3.91 x |
| EV / FCF | - | - | - | - | 8.22 x | 13.9 x | -195 x | 12.4 x |
| FCF Yield | - | - | - | - | 12.2% | 7.2% | -0.51% | 8.06% |
| Price to Book | 1.13 x | 0.93 x | 1.82 x | 1.05 x | 0.97 x | 1.03 x | 0.98 x | 0.88 x |
| Nbr of stocks (in thousands) | 20,17,382 | 22,88,490 | 24,92,715 | 25,40,936 | 25,40,943 | 25,60,789 | - | - |
| Reference price 2 | 7.077 | 6.100 | 12.52 | 8.138 | 8.270 | 9.800 | 9.800 | 9.800 |
| Announcement Date | 22/04/20 | 31/03/21 | 25/04/22 | 14/04/23 | 17/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,945 | 9,557 | 12,077 | 14,318 | 14,695 | 14,935 | 15,375 | 16,693 |
| EBITDA 1 | 2,668 | 2,986 | 3,002 | 5,211 | 5,572 | 5,350 | 6,424 | 6,426 |
| EBIT 1 | 1,639 | 1,858 | 1,702 | 3,614 | 3,685 | 4,140 | 4,540 | 4,852 |
| Operating Margin | 16.48% | 19.44% | 14.1% | 25.24% | 25.08% | 27.72% | 29.53% | 29.07% |
| Earnings before Tax (EBT) 1 | 1,639 | 1,863 | 1,672 | 3,623 | 3,631 | 4,103 | 4,533 | 4,810 |
| Net income 1 | 1,244 | 1,495 | 1,268 | 2,593 | 2,623 | 2,945 | 3,216 | 3,369 |
| Net margin | 12.51% | 15.65% | 10.5% | 18.11% | 17.85% | 19.72% | 20.92% | 20.18% |
| EPS 2 | 0.5538 | 0.6308 | 0.4615 | 0.9538 | 0.9700 | 1.157 | 1.262 | 1.320 |
| Free Cash Flow 1 | - | - | - | - | 2,557 | 1,807 | -128.5 | 2,022 |
| FCF margin | - | - | - | - | 17.4% | 12.1% | -0.84% | 12.11% |
| FCF Conversion (EBITDA) | - | - | - | - | 45.89% | 33.78% | - | 31.46% |
| FCF Conversion (Net income) | - | - | - | - | 97.47% | 61.36% | - | 60.02% |
| Dividend per Share 2 | - | 0.2077 | - | - | 0.3100 | 0.4500 | 0.6500 | 0.5500 |
| Announcement Date | 22/04/20 | 31/03/21 | 25/04/22 | 14/04/23 | 17/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2023 Q1 |
|---|---|---|---|
| Net sales | - | - | - |
| EBITDA | - | - | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income 1 | 226.4 | 643.6 | 532.5 |
| Net margin | - | - | - |
| EPS | - | - | - |
| Dividend per Share | - | - | - |
| Announcement Date | 25/04/22 | 25/04/22 | 25/04/23 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | - | 2,557 | 1,807 | -129 | 2,022 |
| ROE (net income / shareholders' equity) | 10.2% | 10.6% | 7.64% | 11.4% | 12.5% | 12.1% | 12.3% | 11.8% |
| ROA (Net income/ Total Assets) | - | 4.77% | - | - | - | 5.4% | 5.18% | 5.06% |
| Assets 1 | - | 31,374 | - | - | - | 54,537 | 62,149 | 66,581 |
| Book Value Per Share 2 | 6.280 | 6.560 | 6.870 | 7.780 | 8.540 | 9.550 | 10.00 | 11.20 |
| Cash Flow per Share 2 | 1.340 | 0.9900 | 0.9100 | 1.290 | 1.820 | 1.660 | 1.920 | 2.050 |
| Capex 1 | - | 4,754 | 6,435 | 1,812 | 2,068 | 4,124 | 5,599 | 4,274 |
| Capex / Sales | - | 49.74% | 53.28% | 12.65% | 14.08% | 27.61% | 36.41% | 25.6% |
| Announcement Date | 22/04/20 | 31/03/21 | 25/04/22 | 14/04/23 | 17/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
9.8
CNY
Average target price
11.4
CNY
Spread / Average Target
+16.35%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +18.50% | 3.46B | |
| +14.41% | 41.39B | |
| +12.65% | 27.36B | |
| +17.68% | 15.95B | |
| +25.58% | 12.07B | |
| +21.90% | 8.9B | |
| +22.76% | 6.41B | |
| +56.88% | 5.9B | |
| +33.57% | 5.08B | |
| -1.01% | 4.17B |
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