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1798

China Datang Corporation Renewable Power SEHK:1798 Stock Report

Last Price

HK$1.95

Market Cap

HK$14.2b

7D

-11.0%

1Y

-38.1%

Updated

24 Sep, 2022

Data

Company Financials +
1798 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance5/6
Financial Health3/6
Dividends2/6

1798 Stock Overview

China Datang Corporation Renewable Power Co., Limited, together with its subsidiaries, generates and sells wind power and other renewable power in the People’s Republic of China.

China Datang Corporation Renewable Power Competitors

Price History & Performance

Summary of all time highs, changes and price drops for China Datang Corporation Renewable Power
Historical stock prices
Current Share PriceHK$1.95
52 Week HighHK$4.41
52 Week LowHK$1.77
Beta0.86
1 Month Change-8.45%
3 Month Change-25.86%
1 Year Change-38.10%
3 Year Change160.00%
5 Year Change98.98%
Change since IPO-10.96%

Recent News & Updates

Sep 18
Here's Why China Datang Corporation Renewable Power (HKG:1798) Is Weighed Down By Its Debt Load

Here's Why China Datang Corporation Renewable Power (HKG:1798) Is Weighed Down By Its Debt Load

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Aug 27
At HK$2.10, Is China Datang Corporation Renewable Power Co., Limited (HKG:1798) Worth Looking At Closely?

At HK$2.10, Is China Datang Corporation Renewable Power Co., Limited (HKG:1798) Worth Looking At Closely?

China Datang Corporation Renewable Power Co., Limited ( HKG:1798 ), might not be a large cap stock, but it saw a decent...

Shareholder Returns

1798HK Renewable EnergyHK Market
7D-11.0%-4.8%-3.4%
1Y-38.1%-26.6%-25.0%

Return vs Industry: 1798 underperformed the Hong Kong Renewable Energy industry which returned -26.6% over the past year.

Return vs Market: 1798 underperformed the Hong Kong Market which returned -25% over the past year.

Price Volatility

Is 1798's price volatile compared to industry and market?
1798 volatility
1798 Average Weekly Movement7.3%
Renewable Energy Industry Average Movement6.5%
Market Average Movement6.3%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 1798 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1798's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20043,960Guangming Liuhttps://www.cdt-re.com

China Datang Corporation Renewable Power Co., Limited, together with its subsidiaries, generates and sells wind power and other renewable power in the People’s Republic of China. The company develops, invests in, constructs, and manages wind power and other renewable energy sources, including solar power, hydro power, and biomass. It also engages in the research and development, application, and promotion of low carbon technology; research, sale, testing, and maintenance of renewable energy-related equipment; power generation; and design, construction and installation, repair, and maintenance of domestic and international power projects.

China Datang Corporation Renewable Power Fundamentals Summary

How do China Datang Corporation Renewable Power's earnings and revenue compare to its market cap?
1798 fundamental statistics
Market CapHK$14.18b
Earnings (TTM)HK$1.93b
Revenue (TTM)HK$12.44b

7.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1798 income statement (TTM)
RevenueCN¥11.30b
Cost of RevenueCN¥533.92m
Gross ProfitCN¥10.76b
Other ExpensesCN¥9.01b
EarningsCN¥1.75b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin95.27%
Net Profit Margin15.53%
Debt/Equity Ratio146.9%

How did 1798 perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

12%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1798 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1798?

Other financial metrics that can be useful for relative valuation.

1798 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6x
Enterprise Value/EBITDA7.2x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 1798's PE Ratio compare to its peers?

1798 PE Ratio vs Peers
The above table shows the PE ratio for 1798 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.4x
3868 Xinyi Energy Holdings
15.5x17.8%HK$19.2b
1381 Canvest Environmental Protection Group
8.6x7.8%HK$12.7b
182 Concord New Energy Group
6.5x15.0%HK$5.8b
686 Beijing Energy International Holding
11.2xn/aHK$4.6b
1798 China Datang Corporation Renewable Power
7.3x18.0%HK$14.2b

Price-To-Earnings vs Peers: 1798 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (10.4x).


Price to Earnings Ratio vs Industry

How does 1798's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

Price-To-Earnings vs Industry: 1798 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the Asian Renewable Energy industry average (15.4x)


Price to Earnings Ratio vs Fair Ratio

What is 1798's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1798 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: 1798 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).


Share Price vs Fair Value

What is the Fair Price of 1798 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1798 (HK$1.95) is trading below our estimate of fair value (HK$8.25)

Significantly Below Fair Value: 1798 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is China Datang Corporation Renewable Power forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1798's forecast earnings growth (18% per year) is above the savings rate (1.6%).

Earnings vs Market: 1798's earnings (18% per year) are forecast to grow faster than the Hong Kong market (16.9% per year).

High Growth Earnings: 1798's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1798's revenue (13.4% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).

High Growth Revenue: 1798's revenue (13.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1798's Return on Equity is forecast to be low in 3 years time (14.8%).


Discover growth companies

Past Performance

How has China Datang Corporation Renewable Power performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1798 has high quality earnings.

Growing Profit Margin: 1798's current net profit margins (15.5%) are higher than last year (11.9%).


Past Earnings Growth Analysis

Earnings Trend: 1798's earnings have grown by 16% per year over the past 5 years.

Accelerating Growth: 1798's earnings growth over the past year (32.9%) exceeds its 5-year average (16% per year).

Earnings vs Industry: 1798 earnings growth over the past year (32.9%) exceeded the Renewable Energy industry -19.5%.


Return on Equity

High ROE: 1798's Return on Equity (7.6%) is considered low.


Discover strong past performing companies

Financial Health

How is China Datang Corporation Renewable Power's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1798's short term assets (CN¥19.2B) exceed its short term liabilities (CN¥15.9B).

Long Term Liabilities: 1798's short term assets (CN¥19.2B) do not cover its long term liabilities (CN¥45.3B).


Debt to Equity History and Analysis

Debt Level: 1798's net debt to equity ratio (132.4%) is considered high.

Reducing Debt: 1798's debt to equity ratio has reduced from 332.7% to 146.9% over the past 5 years.

Debt Coverage: 1798's debt is well covered by operating cash flow (27.5%).

Interest Coverage: 1798's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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Dividend

What is China Datang Corporation Renewable Power current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.69%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1798's dividend (1.69%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.96%).

High Dividend: 1798's dividend (1.69%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.57%).


Stability and Growth of Payments

Stable Dividend: 1798's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1798's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (12.4%), 1798's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (3.5%), 1798's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Guangming Liu (51 yo)

3.5yrs

Tenure

Mr. Guangming Liu has been General Manger at China Datang Corp. Renewable Power Co., Ltd since March 01, 2019 and also serves as its Chairman of the Board since June 28, 2021. Mr. Liu has been the Head/Dir...


Leadership Team

Experienced Management: 1798's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: 1798's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SEHK:1798 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
13 Sep 22SellHK$15,643,634AllianceBernstein L.P.Company6,645,000HK$2.35
08 Sep 22SellHK$53,843,247AllianceBernstein L.P.Company23,455,000HK$2.30
06 Sep 22SellHK$4,702,885AllianceBernstein L.P.Company2,188,000HK$2.15
02 Sep 22SellHK$6,995,302BlackRock, Inc.Company3,498,000HK$2.00
19 Aug 22SellHK$11,464,810AllianceBernstein L.P.Company5,221,000HK$2.20
18 Aug 22BuyHK$1,104,862BlackRock, Inc.Company526,000HK$2.10
08 Aug 22SellHK$9,721,744AllianceBernstein L.P.Company5,065,000HK$1.92
19 Jul 22SellHK$3,980,674AllianceBernstein L.P.Company1,826,000HK$2.18
19 Jul 22SellHK$24,535,515BlackRock, Inc.Company11,092,000HK$2.21
15 Jun 22BuyHK$3,558,306BlackRock, Inc.Company1,377,000HK$2.58
13 Jun 22SellHK$2,314,498BlackRock, Inc.Company879,000HK$2.63
08 Jun 22BuyHK$7,131,961AllianceBernstein L.P.Company2,794,000HK$2.55
31 May 22BuyHK$6,161,611BlackRock, Inc.Company2,257,000HK$2.73
16 Mar 22BuyHK$13,349,453AllianceBernstein L.P.Company4,532,000HK$2.95
02 Mar 22BuyHK$22,861,557AllianceBernstein L.P.Company7,369,000HK$3.10
17 Jan 22BuyHK$18,434,125AllianceBernstein L.P.Company5,507,000HK$3.35
17 Dec 21BuyHK$163,779,667BlackRock, Inc.Company51,419,000HK$3.19
29 Nov 21BuyHK$14,995,416AllianceBernstein L.P.Company5,010,000HK$2.99
15 Oct 21BuyHK$313,790,905BlackRock, Inc.Company86,204,000HK$3.64

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 14.08% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
2.51%
BlackRock, Inc.
182,749,000CN¥356.4m-1.48%no data
2.26%
Baoshan Iron & Steel Co., Ltd.
164,648,000CN¥321.1m0%no data
2.06%
AllianceBernstein L.P.
150,001,728CN¥292.5m-45.89%0.02%
1.72%
State Grid Corporation of China
125,012,000CN¥243.8m0%no data
1.18%
The Vanguard Group, Inc.
86,056,000CN¥167.8m1.45%no data
0.71%
Franklin Templeton Sealand Fund Management Co., Ltd.
51,965,000CN¥101.3m0%0.37%
0.59%
Amundi Asset Management
43,031,788CN¥83.9m0%no data
0.42%
Dimensional Fund Advisors LP
30,504,862CN¥59.5m1.51%no data
0.35%
Russell Investment Management, LLC
25,651,341CN¥50.0m0%0.01%
0.31%
LA Banque Postale Asset Management
22,202,965CN¥43.3m0%0.05%
0.25%
Norges Bank Investment Management
18,348,689CN¥35.8m0%no data
0.24%
ÖKoworld Lux S.A.
17,700,000CN¥34.5m-11.5%0.19%
0.22%
Wellington Management Group LLP
15,826,000CN¥30.9m1.55%no data
0.21%
Aviva Investors Global Services Limited
15,418,997CN¥30.1m0%0.01%
0.16%
Schroder Investment Management Limited
11,458,526CN¥22.3m0%no data
0.13%
State Street Global Advisors, Inc.
9,308,291CN¥18.2m-11.98%no data
0.11%
Sun Life Global Investments Inc.
8,040,000CN¥15.7m0%0.08%
0.11%
First Trust Advisors LP
7,746,106CN¥15.1m0%no data
0.1%
Invesco Capital Management LLC
7,524,124CN¥14.7m0.03%no data
0.1%
GLG Partners, Inc.
7,491,220CN¥14.6m0%0.02%
0.09%
Grantham Mayo Van Otterloo & Co. LLC
6,520,000CN¥12.7m-37.95%0.01%
0.069%
Nordea Investment Management AB
4,994,092CN¥9.7m0%no data
0.061%
Krane Funds Advisors, LLC
4,461,000CN¥8.7m14.06%0.01%
0.053%
SEI Investments Company
3,875,000CN¥7.6m-45.17%no data
0.052%
BNY Mellon Asset Management
3,757,000CN¥7.3m26.67%no data

Company Information

China Datang Corporation Renewable Power Co., Limited's employee growth, exchange listings and data sources


Key Information

  • Name: China Datang Corporation Renewable Power Co., Limited
  • Ticker: 1798
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: HK$14.184b
  • Shares outstanding: 7.27b
  • Website: https://www.cdt-re.com

Number of Employees


Location

  • China Datang Corporation Renewable Power Co., Limited
  • Building 1
  • 8th Floor
  • Beijing
  • 100053
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1798SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDDec 2010
DT7DB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURDec 2010
DT7BST (Boerse-Stuttgart)YesForeign Shares-Foreign ListedDEEURDec 2010
1798SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2010

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.