Financials Anhui Hengyuan Coal Industry and Electricity Power Co.,Ltd

Equities

600971

CNE000001KT3

Coal

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
12.8 CNY -2.88% Intraday chart for Anhui Hengyuan Coal Industry and Electricity Power Co.,Ltd -10.36% +14.80%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,176 7,548 7,752 8,592 13,380 15,360 - -
Enterprise Value (EV) 1 7,176 7,548 7,752 8,592 13,380 15,360 15,360 15,360
P/E ratio 6.36 x 9.77 x 5.59 x 3.42 x 6.57 x 8.71 x 8.13 x 7.64 x
Yield 5.85% 5.25% - - 7.62% 6.33% 6.72% 7.19%
Capitalization / Revenue 1.2 x 1.45 x - - 1.72 x 2.09 x 2 x 1.91 x
EV / Revenue 1.2 x 1.45 x - - 1.72 x 2.09 x 2 x 1.91 x
EV / EBITDA - - - - 4.47 x 5.8 x 5.47 x 5.24 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.82 x 0.82 x - - 1.06 x 1.15 x 1.07 x 0.99 x
Nbr of stocks (in thousands) 1,200,005 1,200,005 1,200,005 1,200,005 1,200,005 1,200,005 - -
Reference price 2 5.980 6.290 6.460 7.160 11.15 12.80 12.80 12.80
Announcement Date 4/26/20 4/11/21 4/14/22 3/30/23 3/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,002 5,210 - - 7,786 7,356 7,696 8,046
EBITDA 1 - - - - 2,992 2,648 2,808 2,933
EBIT 1 1,414 946.2 - - 2,284 1,997 2,142 2,267
Operating Margin 23.56% 18.16% - - 29.34% 27.15% 27.84% 28.17%
Earnings before Tax (EBT) 1 1,383 919.6 - - 2,277 1,986 2,133 2,260
Net income 1 1,128 772.8 1,387 2,513 2,036 1,764 1,892 2,012
Net margin 18.8% 14.83% - - 26.15% 23.99% 24.59% 25%
EPS 2 0.9401 0.6440 1.156 2.094 1.697 1.470 1.575 1.675
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3500 0.3300 - - 0.8500 0.8100 0.8600 0.9200
Announcement Date 4/26/20 4/11/21 4/14/22 3/30/23 3/29/24 - - -
1CNY in Million2CNY
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 - - - - - - - -
ROE (net income / shareholders' equity) 13.7% 8.61% - - 16.7% 13.2% 13.1% 13%
ROA (Net income/ Total Assets) 7.53% 4.97% - - - 8.07% 8.41% 8.58%
Assets 1 14,992 15,553 - - - 21,865 22,516 23,444
Book Value Per Share 2 7.270 7.690 - - 10.50 11.10 12.00 12.90
Cash Flow per Share 2 1.870 1.390 - - 2.980 2.200 2.380 2.530
Capex 1 1,100 400 - - 1,165 1,075 1,168 1,287
Capex / Sales 18.32% 7.68% - - 14.97% 14.61% 15.18% 15.99%
Announcement Date 4/26/20 4/11/21 4/14/22 3/30/23 3/29/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
12.8 CNY
Average target price
15 CNY
Spread / Average Target
+17.19%
Consensus

Annual profits - Rate of surprise

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