Financials Beijing Jingneng Clean Energy Co., Limited

Equities

579

CNE100001336

Independent Power Producers

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.87 HKD 0.00% Intraday chart for Beijing Jingneng Clean Energy Co., Limited +4.47% +8.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 13,682 10,020 17,625 16,996 13,398 14,271 14,271 -
Enterprise Value (EV) 1 36,608 36,207 50,919 56,416 13,398 12,964 14,271 14,271
P/E ratio 6.25 x 4.79 x 7.65 x 7.18 x 4.71 x 4.23 x 4.33 x 3.53 x
Yield 4.02% 5.94% 3.22% 3.41% - - - -
Capitalization / Revenue 0.84 x 0.61 x 1.04 x 0.93 x - 0.63 x 0.68 x 0.63 x
EV / Revenue 0.84 x 0.61 x 1.04 x 0.93 x - 0.63 x 0.68 x 0.63 x
EV / EBITDA 2.28 x 1.64 x 2.62 x 2.21 x - 1.43 x 1.49 x 1.27 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.59 x 0.44 x 0.72 x 0.65 x - 0.46 x 0.44 x 0.41 x
Nbr of stocks (in thousands) 8,244,508 8,244,508 8,244,508 8,244,508 8,244,508 8,244,508 8,244,508 -
Reference price 2 1.660 1.215 2.138 2.061 1.625 1.731 1.731 1.731
Announcement Date 3/26/19 3/31/20 3/30/21 3/29/22 3/28/23 3/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 16,239 16,389 17,003 18,359 - 20,446 20,892 22,714
EBITDA 1 6,008 6,095 6,728 7,686 - 9,036 9,569 11,209
EBIT 3,777 3,642 3,917 4,566 - - - -
Operating Margin 23.26% 22.22% 23.04% 24.87% - - - -
Earnings before Tax (EBT) 1 2,743 2,675 2,953 3,084 3,844 4,144 4,435 5,458
Net income 1 1,996 2,091 2,303 2,368 - 3,058 3,279 4,057
Net margin 12.29% 12.76% 13.55% 12.9% - 14.95% 15.7% 17.86%
EPS 2 0.2655 0.2536 0.2794 0.2872 0.3453 0.3719 0.4000 0.4900
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 0.0667 0.0722 0.0688 0.0704 - - - -
Announcement Date 3/26/19 3/31/20 3/30/21 3/29/22 3/28/23 3/26/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2023 2024 2025
Net Debt 22,925 26,187 33,293 39,420 - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) 3.816 x 4.296 x 4.948 x 5.129 x - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 10.5% 9.55% 9.77% 9.33% 11.4% 10.4% 12%
ROA (Net income/ Total Assets) 3.77% - 3.54% 3.1% 3.76% 3.36% 3.85%
Assets 1 52,949 - 65,131 76,287 89,814 97,589 105,377
Book Value Per Share 2 2.810 2.750 2.970 3.190 3.740 3.960 4.250
Cash Flow per Share 0.6600 0.6200 0.3200 0.6000 - - -
Capex 1 3,620 4,336 7,236 8,838 13,693 11,652 17,135
Capex / Sales 22.29% 26.46% 42.56% 48.14% 63.26% 55.77% 75.44%
Announcement Date 3/26/19 3/31/20 3/30/21 3/29/22 3/26/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1.731 CNY
Average target price
1.855 CNY
Spread / Average Target
+7.16%
Consensus

Annual profits - Rate of surprise

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