Executive Summary
China Power International Development Limited, an investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued established dividend payer.
Share Price & News
How has China Power International Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2380 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 2380's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
5.5%
2380
7.8%
HK Renewable Energy
3.6%
HK Market
1 Year Return
6.1%
2380
6.4%
HK Renewable Energy
15.8%
HK Market
Return vs Industry: 2380 matched the Hong Kong Renewable Energy industry which returned 6.4% over the past year.
Return vs Market: 2380 underperformed the Hong Kong Market which returned 15.8% over the past year.
Shareholder returns
| 2380 | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.5% | 7.8% | 3.6% |
| 30 Day | 10.1% | 19.2% | 12.7% |
| 90 Day | 11.5% | 25.8% | 18.3% |
| 1 Year | 15.9%6.1% | 12.1%6.4% | 20.4%15.8% |
| 3 Year | -4.0%-21.3% | -14.2%-23.5% | -4.5%-14.6% |
| 5 Year | -23.6%-49.4% | -9.3%-26.2% | 66.1%37.9% |
Long-Term Price Volatility Vs. Market
How volatile is China Power International Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
At HK$1.67, Is It Time To Put China Power International Development Limited (HKG:2380) On Your Watch List?1 month ago | Simply Wall St
How Is China Power International Development's (HKG:2380) CEO Compensated?2 months ago | Simply Wall St
China Power International Development Limited's (HKG:2380) Intrinsic Value Is Potentially 52% Above Its Share PriceValuation
Is China Power International Development undervalued compared to its fair value and its price relative to the market?
39.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2380 (HK$1.74) is trading below our estimate of fair value (HK$2.89)
Significantly Below Fair Value: 2380 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2380 is poor value based on its PE Ratio (9.6x) compared to the HK Renewable Energy industry average (8.4x).
PE vs Market: 2380 is good value based on its PE Ratio (9.6x) compared to the Hong Kong market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: 2380 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: 2380 is good value based on its PB Ratio (0.5x) compared to the HK Renewable Energy industry average (0.6x).
Next Steps
Future Growth
How is China Power International Development forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
24.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2380's forecast earnings growth (24.1% per year) is above the savings rate (1.5%).
Earnings vs Market: 2380's earnings (24.1% per year) are forecast to grow faster than the Hong Kong market (21.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2380's revenue (10.1% per year) is forecast to grow slower than the Hong Kong market (14.6% per year).
High Growth Revenue: 2380's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2380's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has China Power International Development performed over the past 5 years?
-30.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2380 has high quality earnings.
Growing Profit Margin: 2380's current net profit margins (5.5%) are lower than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: 2380's earnings have declined by 30.2% per year over the past 5 years.
Accelerating Growth: 2380's earnings growth over the past year (0.9%) exceeds its 5-year average (-30.2% per year).
Earnings vs Industry: 2380 earnings growth over the past year (0.9%) underperformed the Renewable Energy industry 13.4%.
Return on Equity
High ROE: 2380's Return on Equity (5.2%) is considered low.
Next Steps
Financial Health
How is China Power International Development's financial position?
Financial Position Analysis
Short Term Liabilities: 2380's short term assets (CN¥13.8B) do not cover its short term liabilities (CN¥39.5B).
Long Term Liabilities: 2380's short term assets (CN¥13.8B) do not cover its long term liabilities (CN¥62.0B).
Debt to Equity History and Analysis
Debt Level: 2380's debt to equity ratio (178%) is considered high.
Reducing Debt: 2380's debt to equity ratio has increased from 129% to 178% over the past 5 years.
Debt Coverage: 2380's debt is not well covered by operating cash flow (7%).
Interest Coverage: 2380's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Next Steps
Dividend
What is China Power International Development current dividend yield, its reliability and sustainability?
8.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2380's dividend (8.94%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.08%).
High Dividend: 2380's dividend (8.94%) is in the top 25% of dividend payers in the Hong Kong market (6.55%)
Stability and Growth of Payments
Stable Dividend: 2380's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2380's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (86.1%), 2380's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2380's dividends in 3 years are forecast to be covered by earnings (55.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average board tenure
CEO
Jun Tian (54 yo)
no data
Tenure
CN¥1,251,000
Compensation
Mr. Jun Tian served as Non-Executive Director of China Power Clean Energy Development Company Ltd. since March 27, 2019 and served as its Chairman since March 27, 2019. Mr. Tian has been Executive Director...
CEO Compensation Analysis
Compensation vs Market: Jun's total compensation ($USD193.01K) is below average for companies of similar size in the Hong Kong market ($USD559.90K).
Compensation vs Earnings: Jun's compensation has increased by more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CEO | no data | CN¥1.25m | no data | |
| President & Executive Director | 0.50yr | no data | no data | |
| Independent Non-Executive Director | 16.83yrs | CN¥284.00k | no data | |
| Independent Non-Executive Director | 16.83yrs | CN¥284.00k | no data | |
| Non-Executive Director | 13yrs | no data | no data | |
| Independent Non-Executive Director | 4.08yrs | CN¥284.00k | no data | |
| Non-Executive Director | 3.58yrs | no data | no data |
4.1yrs
Average Tenure
58yo
Average Age
Experienced Board: 2380's board of directors are considered experienced (4.1 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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Power International Development Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Power International Development Limited
- Ticker: 2380
- Exchange: SEHK
- Founded: 2004
- Industry: Independent Power Producers and Energy Traders
- Sector: Utilities
- Market Cap: HK$17.064b
- Shares outstanding: 9.81b
- Website: https://www.chinapower.hk
Number of Employees
Location
- China Power International Development Limited
- Central Plaza
- 63rd Floor
- Wan Chai
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CPWI.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2004 |
| HPD | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2004 |
| 2380 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 2004 |
| 2380 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 2004 |
| 2380 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 2004 |
Biography
China Power International Development Limited, an investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China. The company operates through ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 10:16 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.