Financials Shanxi Lu'an Environmental Energy Development Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
20.88 ^CNY	-2.29%		-12.34%	-4.70%

Apr. 19	Shanxi Lu'an Environmental Energy Development's Q1 Profit Plunges 62%	MT
Apr. 18	Shanxi Lu'an Environmental Energy Development Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	21,718	19,444	33,833	50,405	65,542	62,461	-	-
Enterprise Value (EV) ¹	21,718	19,444	33,833	50,405	65,542	62,461	62,461	62,461
P/E ratio	9.08 x	10 x	5.05 x	3.55 x	8.27 x	8.33 x	8.59 x	8.42 x
Yield	3.29%	-	5.95%	-	7.25%	5.82%	7.3%	7.59%
Capitalization / Revenue	0.81 x	0.75 x	0.75 x	0.93 x	1.52 x	1.49 x	1.46 x	1.44 x
EV / Revenue	0.81 x	0.75 x	0.75 x	0.93 x	1.52 x	1.49 x	1.46 x	1.44 x
EV / EBITDA	-	-	-	-	4.32 x	4.56 x	4.57 x	4.56 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.87 x	0.72 x	0.98 x	1.03 x	1.36 x	1.24 x	1.16 x	1.09 x
Nbr of stocks (in thousands)	2,991,409	2,991,409	2,991,409	2,991,409	2,991,409	2,991,409	-	-
Reference price ²	7.260	6.500	11.31	16.85	21.91	20.88	20.88	20.88
Announcement Date	4/19/20	3/22/21	3/4/22	3/7/23	3/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	26,791	25,972	45,147	54,297	43,137	41,886	42,686	43,421
EBITDA ¹	-	-	-	-	15,160	13,692	13,655	13,710
EBIT ¹	3,081	2,748	10,902	20,457	11,711	11,175	10,790	10,993
Operating Margin	11.5%	10.58%	24.15%	37.68%	27.15%	26.68%	25.28%	25.32%
Earnings before Tax (EBT) ¹	3,038	2,657	9,237	19,911	11,661	11,124	10,732	10,936
Net income ¹	2,379	1,931	6,708	14,168	7,922	7,496	7,271	7,417
Net margin	8.88%	7.44%	14.86%	26.09%	18.36%	17.89%	17.03%	17.08%
EPS ²	0.8000	0.6500	2.240	4.740	2.650	2.508	2.432	2.480
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2390	-	0.6730	-	1.589	1.215	1.525	1.585
Announcement Date	4/19/20	3/22/21	3/4/22	3/7/23	3/23/24	-	-	-

¹CNY in Million²CNY

Estimates

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)	9.5%	7.55%	22%	34%	16.4%	14.1%	13.4%	12.7%
ROA (Net income/ Total Assets)	3.18%	2.55%	7.67%	-	-	7.82%	7.68%	7.64%
Assets ¹	74,920	75,842	87,462	-	-	95,850	94,674	97,123
Book Value Per Share ²	8.350	9.070	11.60	16.30	16.10	16.90	18.00	19.20
Cash Flow per Share ²	1.490	0.7600	2.690	11.30	2.960	4.120	4.440	4.330
Capex ¹	1,460	1,136	2,146	745	670	1,358	1,285	1,403
Capex / Sales	5.45%	4.37%	4.75%	1.37%	1.55%	3.24%	3.01%	3.23%
Announcement Date	4/19/20	3/22/21	3/4/22	3/7/23	3/23/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

20.88 CNY

Average target price

27.6 CNY

Spread / Average Target

+32.18%

	1st Jan change	Capi.
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO., LTD.	-4.70%	8.62B
CHINA SHENHUA ENERGY COMPANY LIMITED	+19.44%	104B
PT BAYAN RESOURCES TBK.	-5.15%	38.78B
COAL INDIA LIMITED	+21.22%	33.68B
SHAANXI COAL INDUSTRY COMPANY LIMITED	+19.96%	33.53B
YANKUANG ENERGY GROUP COMPANY LIMITED	+11.73%	20.45B
CHINA COAL ENERGY COMPANY LIMITED	+7.75%	18.4B
SHANXI COKING COAL ENERGY GROUP CO., LTD.	+6.48%	8.24B
HUAIBEI MINING HOLDINGS CO.,LTD.	+7.46%	6.64B
INNER MONGOLIA YITAI COAL CO.,LTD	+19.73%	5.4B