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579

Beijing Jingneng Clean EnergySEHK:579 Stock Report

Last Price

HK$2.39

Market Cap

HK$19.7b

7D

1.3%

1Y

-5.2%

Updated

20 Jan, 2022

Data

Company Financials +
579 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance3/6
Financial Health2/6
Dividends5/6

579 Stock Overview

Beijing Jingneng Clean Energy Co., Limited generates gas-fired power and heat energy, wind power, photovoltaic power, and hydropower in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for Beijing Jingneng Clean Energy
Historical stock prices
Current Share PriceHK$2.39
52 Week HighHK$2.93
52 Week LowHK$1.59
Beta0.46
1 Month Change9.13%
3 Month Change-2.85%
1 Year Change-5.16%
3 Year Change38.15%
5 Year Change3.02%
Change since IPO43.11%

Recent News & Updates

Jan 03
Calculating The Intrinsic Value Of Beijing Jingneng Clean Energy Co., Limited (HKG:579)

Calculating The Intrinsic Value Of Beijing Jingneng Clean Energy Co., Limited (HKG:579)

Does the January share price for Beijing Jingneng Clean Energy Co., Limited ( HKG:579 ) reflect what it's really worth...

Dec 15
Beijing Jingneng Clean Energy (HKG:579) May Have Issues Allocating Its Capital

Beijing Jingneng Clean Energy (HKG:579) May Have Issues Allocating Its Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Nov 23
Beijing Jingneng Clean Energy (HKG:579) Seems To Be Using A Lot Of Debt

Beijing Jingneng Clean Energy (HKG:579) Seems To Be Using A Lot Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Oct 11
Here's Why We Think Beijing Jingneng Clean Energy (HKG:579) Is Well Worth Watching

Here's Why We Think Beijing Jingneng Clean Energy (HKG:579) Is Well Worth Watching

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Sep 23
A Look At The Intrinsic Value Of Beijing Jingneng Clean Energy Co., Limited (HKG:579)

A Look At The Intrinsic Value Of Beijing Jingneng Clean Energy Co., Limited (HKG:579)

In this article we are going to estimate the intrinsic value of Beijing Jingneng Clean Energy Co., Limited ( HKG:579...

Shareholder Returns

579HK Renewable EnergyHK Market
7D1.3%3.7%-0.2%
1Y-5.2%43.8%-16.2%

Return vs Industry: 579 underperformed the Hong Kong Renewable Energy industry which returned 43.8% over the past year.

Return vs Market: 579 exceeded the Hong Kong Market which returned -16.2% over the past year.

Price Volatility

Is 579's price volatile compared to industry and market?
579 volatility
579 Average Weekly Movement7.7%
Renewable Energy Industry Average Movement7.8%
Market Average Movement6.7%
10% most volatile stocks in HK Market13.2%
10% least volatile stocks in HK Market3.0%

Stable Share Price: 579 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 579's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20102,858Dayu Chenhttps://www.jncec.com

Beijing Jingneng Clean Energy Co., Limited generates gas-fired power and heat energy, wind power, photovoltaic power, and hydropower in the People’s Republic of China. As of December 31, 2019, the company had an installed capacity of 10,861 megawatt (MW), including seven gas-fired power cogeneration plants with 4,702 MW; wind power generation capacity of 2,797 MW; photovoltaic power generation installed capacity of 2,912 MW; and hydropower installed capacity of 450 MW. It sells electricity to local grid companies.

Beijing Jingneng Clean Energy Fundamentals Summary

How do Beijing Jingneng Clean Energy's earnings and revenue compare to its market cap?
579 fundamental statistics
Market CapCN¥16.05b
Earnings (TTM)CN¥2.38b
Revenue (TTM)CN¥18.32b

6.7x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
579 income statement (TTM)
RevenueCN¥18.32b
Cost of RevenueCN¥10.32b
Gross ProfitCN¥8.00b
ExpensesCN¥5.62b
EarningsCN¥2.38b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.29
Gross Margin43.67%
Net Profit Margin13.01%
Debt/Equity Ratio110.2%

How did 579 perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is Beijing Jingneng Clean Energy undervalued compared to its fair value and its price relative to the market?

27.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 579 (HK$2.39) is trading below our estimate of fair value (HK$3.3)

Significantly Below Fair Value: 579 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 579 is good value based on its PE Ratio (6.7x) compared to the Hong Kong Renewable Energy industry average (10.5x).

PE vs Market: 579 is good value based on its PE Ratio (6.7x) compared to the Hong Kong market (9.1x).


Price to Earnings Growth Ratio

PEG Ratio: 579 is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: 579 is good value based on its PB Ratio (0.6x) compared to the HK Renewable Energy industry average (0.7x).


Future Growth

How is Beijing Jingneng Clean Energy forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

21.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 579's forecast earnings growth (21.5% per year) is above the savings rate (1.5%).

Earnings vs Market: 579's earnings (21.5% per year) are forecast to grow faster than the Hong Kong market (16.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 579's revenue (10.1% per year) is forecast to grow slower than the Hong Kong market (11.6% per year).

High Growth Revenue: 579'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: 579's Return on Equity is forecast to be low in 3 years time (12%).


Past Performance

How has Beijing Jingneng Clean Energy performed over the past 5 years?

4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 579 has high quality earnings.

Growing Profit Margin: 579's current net profit margins (13%) are lower than last year (13.4%).


Past Earnings Growth Analysis

Earnings Trend: 579's earnings have grown by 4.3% per year over the past 5 years.

Accelerating Growth: 579's earnings growth over the past year (9.5%) exceeds its 5-year average (4.3% per year).

Earnings vs Industry: 579 earnings growth over the past year (9.5%) underperformed the Renewable Energy industry 14.9%.


Return on Equity

High ROE: 579's Return on Equity (8.8%) is considered low.


Financial Health

How is Beijing Jingneng Clean Energy's financial position?


Financial Position Analysis

Short Term Liabilities: 579's short term assets (CN¥18.3B) do not cover its short term liabilities (CN¥24.5B).

Long Term Liabilities: 579's short term assets (CN¥18.3B) do not cover its long term liabilities (CN¥24.2B).


Debt to Equity History and Analysis

Debt Level: 579's net debt to equity ratio (89.3%) is considered high.

Reducing Debt: 579's debt to equity ratio has reduced from 145.3% to 110.2% over the past 5 years.

Debt Coverage: 579's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: 579's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Dividend

What is Beijing Jingneng Clean Energy current dividend yield, its reliability and sustainability?

3.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 579's dividend (3.46%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.32%).

High Dividend: 579's dividend (3.46%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).


Stability and Growth of Payments

Stable Dividend: 579's dividends per share have been stable in the past 10 years.

Growing Dividend: 579's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.8%), 579's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 579's dividends in 3 years are forecast to be well covered by earnings (24.6% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Dayu Chen (50 yo)

1.17yrs

Tenure

Mr. Dayu Chen serves as General Manager at Beijing Jingneng Clean Energy Co., Limited since November 10, 2020 and also serves as Executive Director since February 19, 2021. He served as Non-Executive Direc...


Leadership Team

Experienced Management: 579's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 579's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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

Beijing Jingneng Clean Energy Co., Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Beijing Jingneng Clean Energy Co., Limited
  • Ticker: 579
  • Exchange: SEHK
  • Founded: 2010
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Implied Market Cap: HK$19.704b
  • Shares outstanding: 8.24b
  • Website: https://www.jncec.com

Number of Employees


Location

  • Beijing Jingneng Clean Energy Co., Limited
  • No. 6 Xibahe Road
  • 7th/8th/9th Floors
  • Beijing
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 16:10
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.