ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD. Financials Zhejiang Zheneng Electric Power Co., Ltd.
Equities
600023
CNE100001SP3
Independent Power Producers
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.23 CNY | +0.65% |
|
-1.27% | +35.14% |
| 30/04 | Zhejiang Zheneng Electric Power Returns to Profit in 2023 | MT |
| 30/04 | Zheneng Electric Power's Profit Jumps 80%, Operating Income Climbs 14% in Q1 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 53,859 | 49,371 | 54,947 | 46,796 | 61,814 | 83,536 | - | - |
| Enterprise Value (EV) 1 | 53,859 | 49,371 | 54,947 | 46,796 | 61,814 | 83,536 | 83,536 | 83,536 |
| P/E ratio | 12.4 x | 8.07 x | -67.3 x | -24.9 x | 9.41 x | 10.6 x | 8.86 x | 10 x |
| Yield | 5.05% | 6.2% | - | - | 5.42% | 4.17% | 4.98% | 4.82% |
| Capitalization / Revenue | 0.99 x | 0.96 x | 0.77 x | 0.58 x | 0.64 x | 0.92 x | 0.89 x | 0.77 x |
| EV / Revenue | 0.99 x | 0.96 x | 0.77 x | 0.58 x | 0.64 x | 0.92 x | 0.89 x | 0.77 x |
| EV / EBITDA | 4.68 x | 3.65 x | 19.3 x | 18.2 x | 3.99 x | 4.97 x | 4.52 x | 4.72 x |
| EV / FCF | - | - | - | -93,53,615 x | - | - | - | - |
| FCF Yield | - | - | - | -0% | - | - | - | - |
| Price to Book | 0.84 x | 0.73 x | 0.86 x | 0.76 x | 0.92 x | 1.16 x | 1.05 x | 1.04 x |
| Nbr of stocks (in thousands) | 1,36,00,690 | 1,36,00,690 | 1,36,00,690 | 1,34,08,733 | 1,34,08,733 | 1,34,08,733 | - | - |
| Reference price 2 | 3.960 | 3.630 | 4.040 | 3.490 | 4.610 | 6.230 | 6.230 | 6.230 |
| Announcement Date | 27/04/20 | 27/04/21 | 28/04/22 | 13/04/23 | 29/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 54,371 | 51,684 | 71,073 | 80,195 | 95,975 | 91,222 | 94,171 | 1,08,542 |
| EBITDA 1 | 11,505 | 13,524 | 2,854 | 2,576 | 15,505 | 16,823 | 18,477 | 17,717 |
| EBIT 1 | 5,806 | 7,827 | -2,921 | -3,172 | 9,304 | 11,206 | 13,381 | 11,844 |
| Operating Margin | 10.68% | 15.14% | -4.11% | -3.96% | 9.69% | 12.28% | 14.21% | 10.91% |
| Earnings before Tax (EBT) 1 | 5,777 | 7,821 | -2,828 | -3,094 | 9,107 | 11,007 | 13,356 | 11,644 |
| Net income 1 | 4,293 | 6,086 | -855.2 | -1,822 | 6,520 | 7,872 | 9,424 | 8,276 |
| Net margin | 7.9% | 11.78% | -1.2% | -2.27% | 6.79% | 8.63% | 10.01% | 7.63% |
| EPS 2 | 0.3200 | 0.4500 | -0.0600 | -0.1400 | 0.4900 | 0.5850 | 0.7033 | 0.6200 |
| Free Cash Flow | - | - | - | -5,003 | - | - | - | - |
| FCF margin | - | - | - | -6.24% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2000 | 0.2250 | - | - | 0.2500 | 0.2600 | 0.3100 | 0.3000 |
| Announcement Date | 27/04/20 | 27/04/21 | 28/04/22 | 13/04/23 | 29/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q2 | 2023 Q3 |
|---|---|---|
| Net sales | - | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | 1,768 | 3,184 |
| Net margin | - | - |
| EPS | 0.1300 | - |
| Dividend per Share | - | - |
| Announcement Date | 29/08/23 | 27/10/23 |
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 | - | - | - | -5,003 | - | - | - | - |
| ROE (net income / shareholders' equity) | 6.85% | 9.22% | -1.3% | -2.91% | 10.1% | 11.1% | 11.9% | 10.4% |
| ROA (Net income/ Total Assets) | 3.89% | 5.4% | -2.14% | - | - | 4.88% | 6.29% | 4.8% |
| Assets 1 | 1,10,333 | 1,12,751 | 39,964 | - | - | 1,61,322 | 1,49,821 | 1,72,427 |
| Book Value Per Share 2 | 4.720 | 4.990 | 4.700 | 4.570 | 5.030 | 5.370 | 5.930 | 6.020 |
| Cash Flow per Share 2 | 0.6700 | 0.7400 | 0.0600 | 0.0200 | 0.8600 | 0.8800 | 1.100 | 0.9900 |
| Capex 1 | 1,753 | 3,179 | 4,649 | 5,227 | 8,538 | 11,970 | 6,457 | 9,437 |
| Capex / Sales | 3.22% | 6.15% | 6.54% | 6.52% | 8.9% | 13.12% | 6.86% | 8.69% |
| Announcement Date | 27/04/20 | 27/04/21 | 28/04/22 | 13/04/23 | 29/04/24 | - | - | - |
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
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
6.23
CNY
Average target price
6.593
CNY
Spread / Average Target
+5.83%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +35.14% | 11.54B | |
| +17.87% | 17.16B | |
| +57.10% | 13.44B | |
| -7.30% | 13.14B | |
| +17.31% | 5.2B | |
| -1.72% | 4.68B | |
| +25.42% | 4.3B | |
| +2.06% | 3.79B | |
| +8.79% | 3.48B | |
| +25.55% | 3.24B |
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- 600023 Stock
- Financials Zhejiang Zheneng Electric Power Co., Ltd.
