Financials China Suntien Green Energy Corporation Limited

Equities

956

CNE100000TW9

Natural Gas Utilities

Market Closed - Hong Kong S.E. 04:08:14 2024-06-11 am EDT 5-day change 1st Jan Change
3.88 HKD -3.72% Intraday chart for China Suntien Green Energy Corporation Limited -0.26% +36.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,470 23,904 43,724 27,879 23,862 28,768 - -
Enterprise Value (EV) 1 30,957 49,887 68,544 59,489 55,386 65,437 67,686 73,767
P/E ratio 5.56 x 5.27 x 9.17 x 5.42 x 5.06 x 6.23 x 5.25 x 4.81 x
Yield - 6.79% 3.37% 6.72% 8.29% 6.19% 7.35% 7.54%
Capitalization / Revenue 0.63 x 1.91 x 2.74 x 1.5 x 1.18 x 1.13 x 0.99 x 0.91 x
EV / Revenue 2.59 x 3.99 x 4.29 x 3.21 x 2.73 x 2.57 x 2.32 x 2.33 x
EV / EBITDA 7.32 x 13 x 13.5 x 10.9 x 9.65 x 8.55 x 8.05 x 8.33 x
EV / FCF -10.7 x -8.37 x -18.2 x 339 x -32.1 x -16.2 x -39.8 x -85 x
FCF Yield -9.34% -12% -5.48% 0.3% -3.12% -6.18% -2.51% -1.18%
Price to Book 0.63 x 0.59 x 1.05 x 0.59 x 0.49 x 0.67 x 0.62 x 0.59 x
Nbr of stocks (in thousands) 3,715,160 3,849,910 3,849,910 4,187,093 4,187,093 4,205,693 - -
Reference price 2 2.011 2.003 4.954 2.870 2.581 3.738 3.738 3.738
Announcement Date 3/19/20 3/19/21 3/9/22 3/23/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,943 12,511 15,985 18,561 20,282 25,420 29,198 31,704
EBITDA 1 4,230 3,842 5,096 5,467 5,742 7,653 8,410 8,851
EBIT 1 2,845 2,252 3,118 3,286 3,362 4,332 5,100 5,603
Operating Margin 23.82% 18% 19.5% 17.7% 16.58% 17.04% 17.47% 17.67%
Earnings before Tax (EBT) 1 2,184 2,264 3,128 3,295 3,368 3,839 4,552 4,978
Net income 1 1,415 1,511 2,160 2,294 2,207 2,549 3,030 3,313
Net margin 11.85% 12.07% 13.51% 12.36% 10.88% 10.03% 10.38% 10.45%
EPS 2 0.3617 0.3800 0.5400 0.5300 0.5100 0.5998 0.7122 0.7778
Free Cash Flow 1 -2,892 -5,962 -3,759 175.7 -1,726 -4,042 -1,700 -868
FCF margin -24.22% -47.65% -23.52% 0.95% -8.51% -15.9% -5.82% -2.74%
FCF Conversion (EBITDA) - - - 3.21% - - - -
FCF Conversion (Net income) - - - 7.66% - - - -
Dividend per Share 2 - 0.1360 0.1670 0.1930 0.2140 0.2313 0.2749 0.2820
Announcement Date 3/19/20 3/19/21 3/9/22 3/23/23 3/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2022 Q1 2022 S1 2022 Q3
Net sales - 8,404 - - -
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 1 947.4 - 937.5 1,617 49.96
Net margin - - - - -
EPS - - - - -
Dividend per Share - - - - -
Announcement Date 9/10/20 8/25/21 4/28/22 8/25/22 10/28/22
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 23,486 25,983 24,820 31,610 31,524 36,669 38,918 44,999
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.553 x 6.763 x 4.871 x 5.782 x 5.491 x 4.791 x 4.628 x 5.084 x
Free Cash Flow 1 -2,892 -5,962 -3,759 176 -1,726 -4,042 -1,700 -868
ROE (net income / shareholders' equity) 13% 7.21% 13.2% 12% 10.7% 10.7% 11.7% 11.5%
ROA (Net income/ Total Assets) 3.32% 1.75% 3.91% 3.07% 2.82% 3.03% 3.6% 3.6%
Assets 1 42,614 86,565 55,246 74,744 78,215 84,253 84,181 92,028
Book Value Per Share 2 3.180 3.420 4.700 4.890 5.220 5.550 6.020 6.370
Cash Flow per Share 2 1.000 1.030 -0.9400 1.780 1.120 1.860 2.220 -
Capex 1 6,624 9,860 7,946 7,288 6,578 10,190 9,600 8,300
Capex / Sales 55.46% 78.81% 49.71% 39.26% 32.43% 40.09% 32.88% 26.18%
Announcement Date 3/19/20 3/19/21 3/9/22 3/23/23 3/26/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
3.738 CNY
Average target price
3.803 CNY
Spread / Average Target
+1.73%
Consensus

Annual profits - Rate of surprise

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