CHINA NATIONAL NUCLEAR POWER CO., LTD. Financials China National Nuclear Power Co., Ltd.
Equities
601985
CNE1000022N7
Independent Power Producers
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.24 CNY | +1.54% |
|
-1.81% | +23.20% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 77,827 | 85,884 | 145,389 | 113,102 | 141,625 | 174,482 | - | - |
| Enterprise Value (EV) 1 | 287,496 | 292,207 | 362,388 | 353,235 | 444,479 | 409,426 | 409,476 | 174,482 |
| P/E ratio | 17.2 x | 13.4 x | 19.5 x | 12.8 x | 13.5 x | 15.2 x | 13.6 x | 13.1 x |
| Yield | 2.44% | 2.64% | 1.81% | 2.83% | 2.6% | 2.38% | 2.67% | 2.49% |
| Capitalization / Revenue | 1.69 x | 1.64 x | 2.33 x | 1.59 x | 1.89 x | 2.19 x | 1.99 x | 1.91 x |
| EV / Revenue | 6.24 x | 5.59 x | 5.81 x | 4.96 x | 5.93 x | 5.15 x | 4.67 x | 1.91 x |
| EV / EBITDA | 10.1 x | 11.7 x | 11.8 x | 8.59 x | 11.4 x | 8.44 x | 7.51 x | 2.98 x |
| EV / FCF | 188 x | 40.6 x | 34.3 x | -93.2 x | -18.6 x | -13.6 x | -10 x | -43.5 x |
| FCF Yield | 0.53% | 2.47% | 2.91% | -1.07% | -5.37% | -7.34% | -10% | -2.3% |
| Price to Book | 1.55 x | 1.42 x | 2.2 x | 1.37 x | 1.57 x | 1.77 x | 1.59 x | 1.5 x |
| Nbr of stocks (in thousands) | 15,565,430 | 17,456,016 | 17,516,773 | 18,850,402 | 18,883,285 | 18,883,285 | - | - |
| Reference price 2 | 5.000 | 4.920 | 8.300 | 6.000 | 7.500 | 9.240 | 9.240 | 9.240 |
| Announcement Date | 4/23/20 | 4/26/21 | 3/8/22 | 4/26/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 46,067 | 52,276 | 62,367 | 71,286 | 74,957 | 79,572 | 87,682 | 91,274 |
| EBITDA 1 | 28,523 | 25,070 | 30,841 | 41,118 | 39,141 | 48,530 | 54,535 | 58,616 |
| EBIT 1 | 10,255 | 13,226 | 16,474 | 19,645 | 22,646 | 24,498 | 27,400 | 28,676 |
| Operating Margin | 22.26% | 25.3% | 26.41% | 27.56% | 30.21% | 30.79% | 31.25% | 31.42% |
| Earnings before Tax (EBT) 1 | 10,349 | 13,179 | 16,559 | 19,570 | 22,981 | 24,766 | 27,542 | 28,930 |
| Net income 1 | 4,613 | 5,995 | 8,038 | 9,010 | 10,624 | 11,405 | 12,803 | 13,272 |
| Net margin | 10.01% | 11.47% | 12.89% | 12.64% | 14.17% | 14.33% | 14.6% | 14.54% |
| EPS 2 | 0.2900 | 0.3670 | 0.4250 | 0.4670 | 0.5540 | 0.6062 | 0.6800 | 0.7050 |
| Free Cash Flow 1 | 1,528 | 7,203 | 10,561 | -3,789 | -23,848 | -30,038 | -40,942 | -4,014 |
| FCF margin | 3.32% | 13.78% | 16.93% | -5.32% | -31.82% | -37.75% | -46.69% | -4.4% |
| FCF Conversion (EBITDA) | 5.36% | 28.73% | 34.25% | - | - | - | - | - |
| FCF Conversion (Net income) | 33.12% | 120.15% | 131.39% | - | - | - | - | - |
| Dividend per Share 2 | 0.1220 | 0.1300 | 0.1500 | 0.1700 | 0.1950 | 0.2201 | 0.2466 | 0.2300 |
| Announcement Date | 4/23/20 | 4/26/21 | 3/8/22 | 4/26/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,246 | - | 17,473 | 18,131 | 18,583 | 17,893 | - | 19,791 | 18,868 | 17,988 | 20,226 | 20,987 | 21,510 |
| EBITDA | - | - | 11,084 | 11,137 | - | - | - | - | - | - | - | - | - |
| EBIT | 2,736 | - | 5,319 | 5,617 | 2,218 | - | - | - | - | - | - | - | - |
| Operating Margin | 16.84% | - | 30.44% | 30.98% | 11.94% | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 2,850 | - | 5,326 | 5,565 | 2,190 | - | - | - | - | - | - | - | - |
| Net income | 1,531 | - | 2,553 | 2,594 | 978.9 | - | - | 3,285 | - | - | - | - | - |
| Net margin | 9.43% | - | 14.61% | 14.31% | 5.27% | - | - | 16.6% | - | - | - | - | - |
| EPS | 0.0900 | - | 0.1290 | 0.1300 | 0.0500 | - | - | - | - | - | - | - | - |
| Dividend per Share | 0.1500 | - | - | - | 0.1700 | - | - | - | 0.1950 | - | - | - | - |
| Announcement Date | 3/8/22 | 5/26/22 | 8/26/22 | 10/27/22 | 4/26/23 | 4/26/23 | 10/26/23 | 10/26/23 | 4/26/24 | 4/26/24 | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 209,669 | 206,323 | 216,999 | 240,133 | 302,854 | 234,945 | 234,994 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.351 x | 8.23 x | 7.036 x | 5.84 x | 7.737 x | 4.841 x | 4.309 x | - |
| Free Cash Flow 1 | 1,528 | 7,203 | 10,561 | -3,789 | -23,848 | -30,039 | -40,943 | -4,014 |
| ROE (net income / shareholders' equity) | 9.55% | 11% | 12% | 11.4% | 12.2% | 11.4% | 11.4% | 10.9% |
| ROA (Net income/ Total Assets) | 1.37% | 1.62% | 1.99% | 2.06% | - | 1.95% | 2.12% | 2.09% |
| Assets 1 | 335,559 | 369,861 | 404,107 | 437,264 | - | 584,863 | 602,767 | 635,000 |
| Book Value Per Share 2 | 3.220 | 3.460 | 3.770 | 4.380 | 4.760 | 5.230 | 5.800 | 6.140 |
| Cash Flow per Share 2 | 1.670 | 1.780 | 2.030 | 2.480 | 2.280 | 2.460 | 2.660 | 2.790 |
| Capex 1 | 24,541 | 23,924 | 25,047 | 50,487 | 66,974 | 59,000 | 67,387 | 57,301 |
| Capex / Sales | 53.27% | 45.77% | 40.16% | 70.82% | 89.35% | 74.15% | 76.85% | 62.78% |
| Announcement Date | 4/23/20 | 4/26/21 | 3/8/22 | 4/26/23 | 4/26/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
9.24
CNY
Average target price
9.863
CNY
Spread / Average Target
+6.75%
EPS Revisions
- Stock Market
- Equities
- 601985 Stock
- Financials China National Nuclear Power Co., Ltd.
