CHINA TELECOM CORPOR

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End-of-day quote. End-of-day quote  - 04/20
2.72HKD +0.74%
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 393 561413 356
EBITDA1 118 880122 646
Operating profit (EBIT)1 28 64031 509
Operating Margin 7,28%7,62%
Pre-Tax Profit (EBT)1 27 38730 466
Net income1 20 85022 956
Net margin 5,30%5,55%
EPS2 0,260,28
Dividend per Share2 0,100,11
Last update 03/09/202104/15/2021
1 CNY in Million
2 CNY
Estimates
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 60 89745 566
Net Cash position1 --
Leverage (Debt / EBITDA) 0,51x0,37x
Free Cash Flow1 47 46032 084
ROE (Net Profit / Equities) 5,82%6,10%
Shareholders' equity1 357 983376 253
ROA (Net Profit / Asset) 2,94%3,55%
Assets1 709 111646 839
Book Value Per Share2 4,494,76
Cash Flow per Share2 1,631,29
Capex1 84 80087 952
Capex / Sales 21,5%21,3%
Last update 03/09/202104/15/2021
1 CNY in Million
2 CNY
Estimates
Balance Sheet Analysis
Financial Ratios
Size 2021e 2022e
Capitalization 184 310 M CNY -
Entreprise Value (EV) 229 877 M CNY 216 246 M CNY
Valuation 2021e 2022e
P/E ratio (Price / EPS) 8,08x 7,38x
Capitalization / Revenue 0,45x 0,43x
EV / Revenue 0,56x 0,53x
EV / EBITDA 1,87x 1,80x
Yield (DPS / Price) 4,94% 5,52%
Price to book (Price / BVPS) 0,48x 0,46x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 7,62% 7,87%
Operating Leverage (Delta EBIT / Delta Sales) 1,99x 1,80x
Net Margin (Net Profit / Revenue) 5,55% 5,88%
ROA (Net Profit / Asset) 3,55% 3,67%
ROE (Net Profit / Equities) 6,10% 6,47%
Rate of Dividend 39,9% 40,7%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   21,3% 21,0%
Cash Flow / Sales 25,3% 25,4%
Capital Intensity (Assets / Sales) 1,56x 1,60x
Financial Leverage (Net Debt / EBITDA) 0,37x 0,25x
Price Earning Ratio
EPS & Dividend