Financials State Grid Yingda Co.,Ltd.

Equities

600517

CNE000001G20

Heavy Electrical Equipment

End-of-day quote Shanghai S.E. 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
4.72 CNY +4.66% Intraday chart for State Grid Yingda Co.,Ltd. -2.48% -1.05%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 8,774 4,313 11,175 34,768 41,687 27,677
Enterprise Value (EV) 1 8,835 4,167 11,017 26,122 32,458 16,411
P/E ratio 35.9 x 318 x 705 x 29 x 34.1 x 25.9 x
Yield 1.55% - - 1.02% 0.91% 1.18%
Capitalization / Revenue 1.53 x 0.87 x 2.16 x 4.3 x 4.39 x 2.55 x
EV / Revenue 1.54 x 0.85 x 2.13 x 3.23 x 3.42 x 1.51 x
EV / EBITDA 22.1 x 28.2 x 101 x 12.1 x 11.8 x 5.72 x
EV / FCF -9.72 x 53 x 116 x 13.7 x 22.9 x 7.36 x
FCF Yield -10.3% 1.89% 0.86% 7.3% 4.36% 13.6%
Price to Book 2.48 x 1.26 x 3.26 x 2.01 x 2.27 x 1.47 x
Nbr of stocks (in thousands) 13,56,168 13,56,168 13,56,168 57,18,436 57,18,436 57,18,436
Reference price 2 6.470 3.180 8.240 6.080 7.290 4.840
Announcement Date 26/04/18 19/04/19 28/04/20 16/04/21 20/04/22 26/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 5,730 4,929 5,177 8,092 9,485 10,861
EBITDA 1 400.2 147.6 109.1 2,154 2,759 2,869
EBIT 1 291.1 41.64 8.334 2,003 2,598 2,708
Operating Margin 5.08% 0.84% 0.16% 24.76% 27.39% 24.93%
Earnings before Tax (EBT) 1 343 21.87 52.08 2,014 2,030 1,873
Net income 1 239.4 19.37 15.86 1,176 1,224 1,069
Net margin 4.18% 0.39% 0.31% 14.53% 12.9% 9.84%
EPS 2 0.1800 0.0100 0.0117 0.2100 0.2140 0.1870
Free Cash Flow 1 -908.8 78.59 94.77 1,907 1,416 2,230
FCF margin -15.86% 1.59% 1.83% 23.57% 14.93% 20.53%
FCF Conversion (EBITDA) - 53.26% 86.83% 88.54% 51.33% 77.72%
FCF Conversion (Net income) - 405.61% 597.46% 162.2% 115.69% 208.55%
Dividend per Share 2 0.1000 - - 0.0620 0.0660 0.0570
Announcement Date 26/04/18 19/04/19 28/04/20 16/04/21 20/04/22 26/04/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 60.3 - - - - -
Net Cash position 1 - 146 158 8,646 9,230 11,266
Leverage (Debt/EBITDA) 0.1506 x - - - - -
Free Cash Flow 1 -909 78.6 94.8 1,907 1,416 2,230
ROE (net income / shareholders' equity) 6.72% 0.22% 0.43% 8.21% 7.51% 6.68%
ROA (Net income/ Total Assets) 2.02% 0.29% 0.06% 3.44% 3.84% 3.79%
Assets 1 11,874 6,697 26,750 34,189 31,885 28,240
Book Value Per Share 2 2.610 2.530 2.520 3.020 3.210 3.290
Cash Flow per Share 2 0.9200 0.9500 0.6400 1.000 1.280 1.380
Capex 1 81.4 76.3 113 62.6 117 147
Capex / Sales 1.42% 1.55% 2.19% 0.77% 1.23% 1.35%
Announcement Date 26/04/18 19/04/19 28/04/20 16/04/21 20/04/22 26/04/23
1CNY in Million2CNY
Estimates
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