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Huadian Fuxin Energy

SEHK:816
Snowflake Description

Very undervalued second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
816
SEHK
HK$12B
Market Cap
  1. Home
  2. HK
  3. Utilities
Company description

Huadian Fuxin Energy Corporation Limited, together with its subsidiaries, develops, manages, and operates hydropower projects and coal-fired power plants in Fujian province. The last earnings update was 74 days ago. More info.


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816 Share Price and Events
7 Day Returns
-0.7%
SEHK:816
1%
HK Renewable Energy
-2.3%
HK Market
1 Year Returns
-25.5%
SEHK:816
-15.5%
HK Renewable Energy
-6.8%
HK Market
816 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Huadian Fuxin Energy (816) -0.7% -0.7% -13.4% -25.5% -34.1% -44%
HK Renewable Energy 1% 3.7% -9.2% -15.5% -31.4% -34.7%
HK Market -2.3% 0.3% -6.4% -6.8% 29% 169.4%
1 Year Return vs Industry and Market
  • 816 underperformed the Renewable Energy industry which returned -15.5% over the past year.
  • 816 underperformed the Market in Hong Kong which returned -6.8% over the past year.
Price Volatility
816
Industry
5yr Volatility vs Market

Value

 Is Huadian Fuxin Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Huadian Fuxin Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Huadian Fuxin Energy.

SEHK:816 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.2%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:816
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2.2%
Equity Risk Premium S&P Global 7.8%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.32
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.325 (1 + (1- 25%) (656.59%))
1.923
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.2% + (1.923 * 7.8%)
17.2%

Discounted Cash Flow Calculation for SEHK:816 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Huadian Fuxin Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:816 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) 1,662.29 3,423.66 3,632.26 3,853.57 4,088.36
Source Analyst x4 Analyst x4 Est @ 6.09% Est @ 6.09% Est @ 6.09%
Present Value
Discounted (@ 17.2%)
1,418.38 2,492.65 2,256.48 2,042.69 1,849.16
Present value of next 5 years cash flows CN¥10,059.37
SEHK:816 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥4,088.36 × (1 + 2.2%) ÷ (17.2% – 2.2%)
CN¥27,868.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥27,868.11 ÷ (1 + 17.2%)5
CN¥12,604.70
SEHK:816 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥10,059.37 + CN¥12,604.70
CN¥22,664.07
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥22,664.07 / 8,407.96
CN¥2.7
SEHK:816 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:816)
1.126
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥2.7 x 1.126
HK$3.04
Value per share (HKD) From above. HK$3.04
Current discount Discount to share price of HK$1.49
= -1 x (HK$1.49 - HK$3.04) / HK$3.04
50.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Huadian Fuxin Energy is available for.
Intrinsic value
>50%
Share price is HK$1.49 vs Future cash flow value of HK$3.04
Current Discount Checks
For Huadian Fuxin Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Huadian Fuxin Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Huadian Fuxin Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Huadian Fuxin Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Huadian Fuxin Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:816 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥0.24
SEHK:816 Share Price ** SEHK (2018-11-12) in HKD HK$1.49
SEHK:816 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.888 CN¥1.32
Hong Kong Renewable Energy Industry PE Ratio Median Figure of 23 Publicly-Listed Renewable Energy Companies 11.07x
Hong Kong Market PE Ratio Median Figure of 1,472 Publicly-Listed Companies 10.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Huadian Fuxin Energy.

SEHK:816 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:816 Share Price ÷ EPS (both in CNY)

= 1.32 ÷ 0.24

5.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Huadian Fuxin Energy is good value based on earnings compared to the HK Renewable Energy industry average.
  • Huadian Fuxin Energy is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Huadian Fuxin Energy's expected growth come at a high price?
Raw Data
SEHK:816 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
19%per year
Hong Kong Renewable Energy Industry PEG Ratio Median Figure of 16 Publicly-Listed Renewable Energy Companies 0.54x
Hong Kong Market PEG Ratio Median Figure of 456 Publicly-Listed Companies 0.7x

*Line of best fit is calculated by linear regression .

SEHK:816 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.57x ÷ 19%

0.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Huadian Fuxin Energy is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Huadian Fuxin Energy's assets?
Raw Data
SEHK:816 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥2.92
SEHK:816 Share Price * SEHK (2018-11-12) in HKD HK$1.49
SEHK:816 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.888 CN¥1.32
Hong Kong Renewable Energy Industry PB Ratio Median Figure of 23 Publicly-Listed Renewable Energy Companies 0.62x
Hong Kong Market PB Ratio Median Figure of 2,076 Publicly-Listed Companies 0.94x
SEHK:816 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:816 Share Price ÷ Book Value per Share (both in CNY)

= 1.32 ÷ 2.92

0.45x

* Primary Listing of Huadian Fuxin Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Huadian Fuxin Energy is good value based on assets compared to the HK Renewable Energy industry average.
X
Value checks
We assess Huadian Fuxin Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Renewable Energy industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Renewable Energy industry average (and greater than 0)? (1 check)
  5. Huadian Fuxin Energy has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Huadian Fuxin Energy expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Huadian Fuxin Energy expected to grow at an attractive rate?
  • Huadian Fuxin Energy's earnings growth is expected to exceed the low risk savings rate of 2.2%.
Growth vs Market Checks
  • Huadian Fuxin Energy's earnings growth is expected to exceed the Hong Kong market average.
  • Huadian Fuxin Energy's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:816 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:816 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 19%
SEHK:816 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 9.9%
Hong Kong Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 21.3%
Hong Kong Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:816 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:816 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 22,010 10,307 3,187 13
2019-12-31 20,179 9,425 2,783 15
2018-12-31 18,031 8,216 2,195 8
SEHK:816 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 17,675 7,360 1,998
2018-03-31 17,548 7,795 2,193
2017-12-31 16,813 8,038 1,986
2017-09-30 16,325 8,190 1,995
2017-06-30 15,799 8,324 1,983
2017-03-31 15,842 9,236 1,905
2016-12-31 15,998 9,362 1,953
2016-09-30 16,301 8,535 2,011
2016-06-30 16,055 8,750 2,061
2016-03-31 15,395 8,127 1,759
2015-12-31 15,393 8,535 1,822
2015-09-30 14,237 8,968 1,878

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Huadian Fuxin Energy's earnings are expected to grow by 19% yearly, however this is not considered high growth (20% yearly).
  • Huadian Fuxin Energy's revenue is expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:816 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Huadian Fuxin Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:816 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.37 0.50 0.28 13.00
2019-12-31 0.32 0.40 0.26 15.00
2018-12-31 0.25 0.27 0.24 9.00
SEHK:816 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 0.24
2018-03-31 0.26
2017-12-31 0.24
2017-09-30 0.24
2017-06-30 0.24
2017-03-31
2016-12-31 0.23
2016-09-30 0.24
2016-06-30 0.25
2016-03-31
2015-12-31 0.22
2015-09-30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Huadian Fuxin Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Huadian Fuxin Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Huadian Fuxin Energy has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Huadian Fuxin Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Huadian Fuxin Energy's growth in the last year to its industry (Renewable Energy).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Huadian Fuxin Energy's year on year earnings growth rate has been positive over the past 5 years.
  • Huadian Fuxin Energy's 1-year earnings growth is less than its 5-year average (0.8% vs 6.7%)
  • Huadian Fuxin Energy's earnings growth has not exceeded the HK Renewable Energy industry average in the past year (0.8% vs 3.3%).
Earnings and Revenue History
Huadian Fuxin Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Huadian Fuxin Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:816 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 17,674.62 1,998.47 1,907.45
2018-03-31 17,547.92 2,192.90 2,079.88
2017-12-31 16,812.68 1,986.14 1,894.80
2017-09-30 16,324.83 1,995.33 1,909.83
2017-06-30 15,798.60 1,983.14 1,905.85
2017-03-31 15,841.90 1,904.92 1,859.52
2016-12-31 15,997.50 1,953.49 1,847.15
2016-09-30 16,301.44 2,010.55 2,324.07
2016-06-30 16,054.90 2,060.57 1,746.53
2016-03-31 15,395.23 1,758.87 1,530.16
2015-12-31 15,392.75 1,822.49 1,649.54
2015-09-30 14,237.23 1,877.57 1,545.02
2015-06-30 14,725.70 1,968.93 1,557.51
2015-03-31 14,310.57 1,918.07 1,516.66
2014-12-31 13,895.45 1,867.21 1,475.81
2014-09-30 14,376.57 1,778.30 975.95
2014-06-30 13,764.17 1,660.16 1,413.54
2014-03-31 14,431.37 1,766.78 1,514.85
2013-12-31 13,242.41 1,467.89 1,386.13
2013-09-30 12,742.09 1,374.12 1,358.65
2013-06-30 12,241.76 1,280.35 1,331.17
2013-03-31 9,316.00 847.61 1,218.23
2012-12-31 11,364.41 1,093.11 1,230.34
2012-09-30 9,686.74 930.61 1,092.58
2012-06-30 9,210.86 939.76 989.04
2012-03-31 8,045.82 836.57 814.40
2011-12-31 7,278.49 565.91 887.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Huadian Fuxin Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Huadian Fuxin Energy used its assets more efficiently than the HK Renewable Energy industry average last year based on Return on Assets.
  • Huadian Fuxin Energy's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Huadian Fuxin Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Renewable Energy industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Huadian Fuxin Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Huadian Fuxin Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Huadian Fuxin Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Huadian Fuxin Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Huadian Fuxin Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Huadian Fuxin Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Huadian Fuxin Energy Company Filings, last reported 4 months ago.

SEHK:816 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 27,673.22 71,077.27 2,994.21
2018-03-31 27,673.22 71,077.27 2,994.21
2017-12-31 26,467.10 69,413.07 2,121.90
2017-09-30 26,467.10 69,413.07 2,121.90
2017-06-30 24,033.12 68,802.93 2,894.57
2017-03-31 23,055.68 61,840.10 2,625.70
2016-12-31 22,995.78 67,016.87 2,895.12
2016-09-30 22,995.78 67,016.87 2,895.12
2016-06-30 22,358.32 63,493.54 2,537.89
2016-03-31 21,150.22 60,982.24 2,031.20
2015-12-31 21,150.22 60,982.24 2,031.20
2015-09-30 20,705.88 50,370.64 4,109.64
2015-06-30 20,444.69 55,788.78 3,118.72
2015-03-31 20,444.69 55,788.78 3,118.72
2014-12-31 17,658.25 52,569.50 3,290.99
2014-09-30
2014-06-30 15,477.86 47,456.62 3,744.97
2014-03-31 15,477.86 47,456.62 3,744.97
2013-12-31 13,710.89 42,762.65 1,768.75
2013-09-30 13,710.89 42,762.65 1,768.75
2013-06-30 12,897.81 40,635.88 2,572.54
2013-03-31 12,703.17 36,636.59 3,154.05
2012-12-31 12,708.81 38,750.62 2,575.70
2012-09-30 12,446.85 35,629.77 2,304.52
2012-06-30 12,012.71 34,139.62 4,465.97
2012-03-31 9,309.58 31,201.55 1,530.46
2011-12-31 9,309.58 31,201.55 1,530.46
  • Huadian Fuxin Energy's level of debt (256.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (315% vs 256.8% today).
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Huadian Fuxin Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Huadian Fuxin Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Huadian Fuxin Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.2%
Current annual income from Huadian Fuxin Energy dividends. Estimated to be 5.72% next year.
If you bought HK$2,000 of Huadian Fuxin Energy shares you are expected to receive HK$84 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Huadian Fuxin Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.02%).
  • Huadian Fuxin Energy's dividend is below the markets top 25% of dividend payers in Hong Kong (5.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:816 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Hong Kong Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 3.5%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 920 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:816 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.09 13.00
2019-12-31 0.07 15.00
2018-12-31 0.06 8.00
SEHK:816 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-05-11 0.056 3.774
2017-04-25 0.051 3.195
2017-03-24 0.051 3.352
2016-06-28 0.040 2.586
2016-04-26 0.040 2.779
2016-03-23 0.040 2.600
2015-06-26 0.044 2.489
2015-03-23 0.044 1.354
2015-03-20 0.044 1.609
2014-06-30 0.038 1.201
2013-07-02 0.029 1.229

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Huadian Fuxin Energy has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Huadian Fuxin Energy only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Huadian Fuxin Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess Huadian Fuxin Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Huadian Fuxin Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Huadian Fuxin Energy has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Huadian Fuxin Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jianchun Wu
COMPENSATION CN¥578,904
AGE 55
TENURE AS CEO 1.3 years
CEO Bio

Mr. Jianchun Wu serves as Executive Director and General Manager of Huadian Fuxin Energy Corporation Limited. He served as the Deputy Director of Operation Branch, the Director of Production Department, the Deputy Chief Engineer, the Deputy Plant Director and the Plant Director of Wuxi River Hydropower Plant. Mr. Wu served as the Plant Director of Zhejiang Huadian Wuxi River Hydropower Plant. He served as the Director of the Zhejiang Representative Office of China Huadian Corporation. He served as the Executive Deputy Director of The Preparation Office of Zhejiang Huadian Sanmen Power Plant, the Deputy General Manager of CHD Power Plant Operation Co., Ltd. and the Secretary of the Party committee of Guangdong Branch of China Huadian Corporation. He graduated from the Rivers and Streams Department of East China Water Conservancy College with a bachelor degree in engineering majoring in power equipment of hydroelectric power station. He is also a senior engineer.

CEO Compensation
  • Insufficient data for Jianchun to compare compensation growth.
  • Jianchun's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Huadian Fuxin Energy management team in years:

0.9
Average Tenure
55
Average Age
  • The average tenure for the Huadian Fuxin Energy management team is less than 2 years, this suggests a new team.
Management Team

Shaoxiong Huang

TITLE
Chairman of the Board
COMPENSATION
CN¥579K
AGE
55

Jianchun Wu

TITLE
GM & Executive Director
COMPENSATION
CN¥579K
AGE
55
TENURE
1.3 yrs

Lixin Li

TITLE
Executive Director
COMPENSATION
CN¥850K
AGE
51

Huiping Wang

TITLE
CFO & Chief Accountant
AGE
50
TENURE
0.9 yrs

Shenyang Huang

TITLE
Chief Legal Adviser & General Counsel
AGE
57
TENURE
0.9 yrs

Kwok Lee

TITLE
Company Secretary
TENURE
0.3 yrs

Tao Sun

TITLE
Vice General Manager
AGE
41
TENURE
3.4 yrs

Junbiao Ma

TITLE
Vice General Manager
AGE
55
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Huadian Fuxin Energy board of directors in years:

3.1
Average Tenure
52.5
Average Age
  • The tenure for the Huadian Fuxin Energy board of directors is about average.
Board of Directors

Shaoxiong Huang

TITLE
Chairman of the Board
COMPENSATION
CN¥579K
AGE
55
TENURE
1.3 yrs

Jianchun Wu

TITLE
GM & Executive Director
COMPENSATION
CN¥579K
AGE
55
TENURE
1.3 yrs

Lixin Li

TITLE
Executive Director
COMPENSATION
CN¥850K
AGE
51
TENURE
5.4 yrs

Bai Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
58
TENURE
7.1 yrs

Changxu Li

TITLE
Chairman of the Board of Supervisors
AGE
54
TENURE
8.1 yrs

Yunpeng Tao

TITLE
Non Executive Director
AGE
47
TENURE
5.4 yrs

Zhigang Tao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
51
TENURE
4.4 yrs

Yinan Li

TITLE
Non-Executive Director
AGE
48
TENURE
1.8 yrs

Yiqiang Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥83K
AGE
66
TENURE
1.8 yrs

Weiyi Mei

TITLE
Non-Executive Director
AGE
45
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (HK$) Value (HK$)
06. Jul 18 Buy Prime Capital Management Company Limited Company 03. Jul 18 03. Jul 18 8,270,000 HK$1.81 HK$14,946,374.28
07. Jun 18 Sell BlackRock, Inc. Company 04. Jun 18 04. Jun 18 -27,710,000 HK$2.08 HK$-57,631,289.46
28. Apr 18 Buy BlackRock, Inc. Company 25. Apr 18 25. Apr 18 252,000 HK$2.24 HK$565,487.48
14. Feb 18 Buy Prime Capital Management Company Limited Company 09. Feb 18 09. Feb 18 12,802,000 HK$1.79 HK$22,939,885.21
X
Management checks
We assess Huadian Fuxin Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Huadian Fuxin Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Should You Investigate Huadian Fuxin Energy Corporation Limited (HKG:816) At HK$1.41?

Huadian Fuxin Energy Corporation Limited (HKG:816), which is in the renewable energy business, and is based in China,. … A question to answer is whether Huadian Fuxin Energy's current trading price of HK$1.41 reflective of the actual value of the? … Let’s take a look at Huadian Fuxin Energy’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

What’s Installed For Huadian Fuxin Energy Corporation Limited (HKG:816)?

is a utility company operating in an industry … which has continued to cope with the rising costs and complexities of maintaining legacy systems, while less traditional challenges are emerging … Recent trends utility companies are facing include rising cybersecurity threats, increasing usage by consumers and growing number of innovative competitors

Simply Wall St -

Does Huadian Fuxin Energy Corporation Limited (HKG:816) Fall With The Market?

Volatility is considered to be a measure of risk in modern finance theory. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Where Huadian Fuxin Energy Corporation Limited's (HKG:816) Earnings Growth Stands Against Its Industry

Examining Huadian Fuxin Energy Corporation Limited's (HKG:816) past track record of performance is a useful exercise for investors. … Below, I will assess 816's latest performance announced on 31 March 2018 and weight these figures against its longer term trend and industry movements. … Check out our latest analysis for Huadian Fuxin Energy?

Simply Wall St -

2 Days Left To Huadian Fuxin Energy Corporation Limited (HKG:816)’s Ex-Dividend Date, Should Investors Buy?

Huadian Fuxin Energy Corporation Limited (HKG:816) will be distributing its dividend of CN¥0.056 per share on the 30 August 2018, and will start trading ex-dividend in 2 days time on the 04 July 2018. … Below, I will explain how holding Huadian Fuxin Energy can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … See our latest analysis for Huadian Fuxin Energy

Simply Wall St -

What You Must Know About Huadian Fuxin Energy Corporation Limited's (HKG:816) ROE

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Huadian Fuxin Energy Corporation Limited (HKG:816)’s return fundamentals and stock market performance. … Huadian Fuxin Energy Corporation Limited (HKG:816) performed in-line with its independent power producers and energy traders industry on the basis of its ROE – producing a return of9.67% relative to the peer average of 6.87% over the past 12 months.

Simply Wall St -

Huadian Fuxin Energy Corporation Limited (HKG:816) Is Trading At A 42.47% Discount

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Huadian Fuxin Energy Corporation Limited (HKG:816) as an investment opportunity. … by taking the expected future cash flows and discounting them to today's value. … If you are reading this and its not June 2018 then I highly recommend you check out the latest calculation for Huadian Fuxin Energy by following the link below.

Simply Wall St -

What Should You Know About the future of Huadian Fuxin Energy Corporation Limited's (HGK:816)?

With analysts expecting … Huadian Fuxin Energy Corporation Limited (HGK:816) to … earnings growth of 24.09%

Simply Wall St -

Company Info

Map
Description

Huadian Fuxin Energy Corporation Limited, together with its subsidiaries, develops, manages, and operates hydropower projects and coal-fired power plants in Fujian province. It also develops, manages, and operates wind power and other clean energy projects in the People’s Republic of China. The company operates in Hydropower, Wind Power, Coal-Fired Power, Solar Power, Natural Gas-Fired Power, and Other Business segments. It has a consolidated installed capacity of 15,540.2 megawatts (MW), including 2,507.9 MW hydropower, 3,600.0 MW coal-fired power, 7,698.2 MW wind power, 1,155.6 MW solar energy, 553.2 MW gas-fired power, and 25.3 MW other clean energy. The company also holds 39 % equity interest Fuqing nuclear power plant and 10% equity interest in Sanmen nuclear power plant. The company was founded in 2004 and is headquartered in Beijing, the People’s Republic of China. Huadian Fuxin Energy Corporation Limited is a subsidiary of China Huadian Corporation.

Details
Name: Huadian Fuxin Energy Corporation Limited
816
Exchange: SEHK
Founded: 2004
HK$12,191,544,204
8,407,961,520
Website: http://www.hdfx.com.cn
Address: Huadian Fuxin Energy Corporation Limited
Huadian Plaza,
919, Building B,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 816 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 28. Jun 2012
DB HFE Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 28. Jun 2012
SZSC 816 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 28. Jun 2012
Number of employees
Current staff
Staff numbers
9,647
Huadian Fuxin Energy employees.
Industry
Independent Power Producers and Energy Traders
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/12 11:45
End of day share price update: 2018/11/12 00:00
Last estimates confirmation: 2018/11/09
Last earnings filing: 2018/08/30
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.