Financials Guangxi Guiguan Electric PowerCo.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 28/06/2024 am IST			5-day change	1st Jan Change
7.67 ^CNY	+1.59%		+2.54%	+38.45%

24/04	Guangxi Guiguan Electric PowerCo.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
09/04	Guangxi Guiguan Electric's Total Power Generation Falls 1.2% in Q1	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	38,545	35,155	50,605	45,402	43,668	60,458	-	-
Enterprise Value (EV) ¹	61,266	55,844	50,605	45,402	43,668	60,458	60,458	60,458
P/E ratio	18.2 x	16 x	39.6 x	14.5 x	38.3 x	20.8 x	18.6 x	15.8 x
Yield	3.89%	4.26%	2.34%	3.47%	-	2.85%	3.1%	-
Capitalization / Revenue	4.26 x	3.92 x	6.01 x	4.27 x	5.4 x	5.69 x	5.32 x	4.85 x
EV / Revenue	4.26 x	3.92 x	6.01 x	4.27 x	5.4 x	5.69 x	5.32 x	4.85 x
EV / EBITDA	7.26 x	6.68 x	12.8 x	7.17 x	11.8 x	9.31 x	8.33 x	6.99 x
EV / FCF	-	-	-	-	-	149 x	-17.4 x	-64.1 x
FCF Yield	-	-	-	-	-	0.67%	-5.74%	-1.56%
Price to Book	2.66 x	2.3 x	-	-	2.77 x	3.05 x	2.85 x	2.66 x
Nbr of stocks (in thousands)	78,82,378	78,82,378	78,82,378	78,82,378	78,82,378	78,82,378	-	-
Reference price ²	4.890	4.460	6.420	5.760	5.540	7.670	7.670	7.670
Announcement Date	17/04/20	28/04/21	27/04/22	27/04/23	24/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,043	8,974	8,414	10,625	8,091	10,618	11,365	12,465
EBITDA ¹	5,307	5,265	3,946	6,334	3,704	6,496	7,259	8,644
EBIT ¹	2,930	3,004	1,911	4,254	1,557	4,016	4,496	5,090
Operating Margin	32.4%	33.47%	22.71%	40.04%	19.24%	37.82%	39.56%	40.84%
Earnings before Tax (EBT) ¹	2,896	2,962	1,897	4,205	1,580	3,869	4,357	5,098
Net income ¹	2,114	2,197	1,352	3,209	1,226	2,912	3,277	3,823
Net margin	23.38%	24.48%	16.07%	30.2%	15.15%	27.43%	28.83%	30.67%
EPS ²	0.2682	0.2783	0.1622	0.3965	0.1448	0.3680	0.4123	0.4867
Free Cash Flow ¹	-	-	-	-	-	406	-3,469	-943
FCF margin	-	-	-	-	-	3.82%	-30.52%	-7.56%
FCF Conversion (EBITDA)	-	-	-	-	-	6.25%	-	-
FCF Conversion (Net income)	-	-	-	-	-	13.94%	-	-
Dividend per Share ²	0.1900	0.1900	0.1500	0.2000	-	0.2184	0.2374	-
Announcement Date	17/04/20	28/04/21	27/04/22	27/04/23	24/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	22,721	20,689	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.282 x	3.93 x	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	-	406	-3,469	-943
ROE (net income / shareholders' equity)	14.7%	14.9%	8.58%	19.6%	6.93%	15.4%	16.3%	16.9%
ROA (Net income/ Total Assets)	4.7%	4.95%	-	-	2.6%	5.83%	6.26%	6.51%
Assets ¹	44,958	44,366	-	-	47,206	49,951	52,341	58,730
Book Value Per Share ²	1.840	1.940	-	-	2.000	2.520	2.690	2.880
Cash Flow per Share ²	-	0.7100	-	-	-	0.7500	0.8600	0.8700
Capex ¹	778	2,606	-	-	3,691	5,479	7,906	7,432
Capex / Sales	8.6%	29.04%	-	-	45.62%	51.6%	69.57%	59.62%
Announcement Date	17/04/20	28/04/21	27/04/22	27/04/23	24/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.67 CNY

Average target price

7.97 CNY

Spread / Average Target

+3.91%

	1st Jan change	Capi.
GUANGXI GUIGUAN ELECTRIC POWERCO.,LTD.	+38.45%	8.32B
CHINA YANGTZE POWER CO., LTD.	+23.91%	97.38B
SICHUAN CHUANTOU ENERGY CO.LTD	+24.01%	12.58B
NHPC LIMITED	+55.88%	12.13B
BROOKFIELD RENEWABLE PARTNERS L.P.	-2.76%	11.96B
MERIDIAN ENERGY LIMITED	+13.54%	9.92B
CHINA SOUTHERN POWER GRID ENERGY STORAGE CO., LTD.	-2.03%	4.25B
FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO	-.--%	4.1B
CHONGQING THREE GORGES WATER CONSERVANCY AND ELECTRIC POWER CO., LTD.	-8.37%	1.8B
CELSIA COLOMBIA S.A. E.S.P.	0.00%	1.7B