836 Stock Overview
China Resources Power Holdings Company Limited, an investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.
China Resources Power Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$14.90|
|52 Week High||HK$28.85|
|52 Week Low||HK$9.60|
|1 Month Change||-0.40%|
|3 Month Change||4.93%|
|1 Year Change||56.68%|
|3 Year Change||30.70%|
|5 Year Change||-2.74%|
|Change since IPO||441.82%|
Recent News & Updates
Investors Could Be Concerned With China Resources Power Holdings' (HKG:836) Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
|836||HK Renewable Energy||HK Market|
Return vs Industry: 836 exceeded the Hong Kong Renewable Energy industry which returned 18.4% over the past year.
Return vs Market: 836 exceeded the Hong Kong Market which returned -23.3% over the past year.
|836 Average Weekly Movement||7.2%|
|Renewable Energy Industry Average Movement||6.4%|
|Market Average Movement||7.0%|
|10% most volatile stocks in HK Market||13.8%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 836 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: 836's weekly volatility (7%) has been stable over the past year.
About the Company
China Resources Power Holdings Company Limited, an investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China. The company operates in two segments, Thermal Power and Renewable Energy. It operates and manages coal- and gas-fired power plants, wind farms, photovoltaic power plants, hydro-electric power plants, and other clean and renewable energy projects.
China Resources Power Holdings Fundamentals Summary
|836 fundamental statistics|
Is 836 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|836 income statement (TTM)|
|Cost of Revenue||HK$62.28b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.33|
|Net Profit Margin||1.77%|
How did 836 perform over the long term?See historical performance and comparison
2.0%Current Dividend Yield
Is 836 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 836?
Other financial metrics that can be useful for relative valuation.
|What is 836's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 836's PE Ratio compare to its peers?
|836 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: 836 is expensive based on its Price-To-Earnings Ratio (45x) compared to the peer average (10.8x).
Price to Earnings Ratio vs Industry
How does 836's PE Ratio compare vs other companies in the Renewable Energy Industry?
Price-To-Earnings vs Industry: 836 is expensive based on its Price-To-Earnings Ratio (45x) compared to the Hong Kong Renewable Energy industry average (8x)
Price to Earnings Ratio vs Fair Ratio
What is 836'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.
|Current PE Ratio||45x|
|Fair PE Ratio||23.5x|
Price-To-Earnings vs Fair Ratio: 836 is expensive based on its Price-To-Earnings Ratio (45x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).
Share Price vs Fair Value
What is the Fair Price of 836 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 836 (HK$14.9) is trading below our estimate of fair value (HK$26.82)
Significantly Below Fair Value: 836 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 836 is poor value based on its PEG Ratio (1.1x)
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How is China Resources Power Holdings forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 836's forecast earnings growth (40.2% per year) is above the savings rate (1.5%).
Earnings vs Market: 836's earnings (40.2% per year) are forecast to grow faster than the Hong Kong market (17% per year).
High Growth Earnings: 836's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 836's revenue (7.7% per year) is forecast to grow slower than the Hong Kong market (10.2% per year).
High Growth Revenue: 836's revenue (7.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 836's Return on Equity is forecast to be low in 3 years time (13.8%).
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How has China Resources Power Holdings performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 836 has a large one-off loss of HK$587.7M impacting its December 31 2021 financial results.
Growing Profit Margin: 836's current net profit margins (1.8%) are lower than last year (10.9%).
Past Earnings Growth Analysis
Earnings Trend: 836's earnings have grown by 2.8% per year over the past 5 years.
Accelerating Growth: 836's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 836 had negative earnings growth (-79%) over the past year, making it difficult to compare to the Renewable Energy industry average (2.8%).
Return on Equity
High ROE: 836's Return on Equity (0.4%) is considered low.
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How is China Resources Power Holdings's financial position?
Financial Health Score0/6
Financial Health Score 0/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 836's short term assets (HK$53.9B) do not cover its short term liabilities (HK$68.1B).
Long Term Liabilities: 836's short term assets (HK$53.9B) do not cover its long term liabilities (HK$112.2B).
Debt to Equity History and Analysis
Debt Level: 836's net debt to equity ratio (118.5%) is considered high.
Reducing Debt: 836's debt to equity ratio has increased from 122.8% to 125.9% over the past 5 years.
Debt Coverage: 836's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: 836's interest payments on its debt are not well covered by EBIT (1.7x coverage).
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What is China Resources Power Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 836's dividend (1.98%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.74%).
High Dividend: 836's dividend (1.98%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).
Stability and Growth of Payments
Stable Dividend: 836's dividend payments have been volatile in the past 10 years.
Growing Dividend: 836's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (89.1%), 836's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 836 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Baofeng Shi (48 yo)
Mr. Baofeng Shi serves as Executive Director & President at China Resources Power Holdings Company Limited since September 30, 2021. He had been President and Executive Director at China Resources Gas Grou...
CEO Compensation Analysis
Compensation vs Market: Baofeng's total compensation ($USD64.08K) is below average for companies of similar size in the Hong Kong market ($USD625.80K).
Compensation vs Earnings: Insufficient data to compare Baofeng's compensation with company performance.
Experienced Management: 836's management team is considered experienced (3.7 years average tenure).
Experienced Board: 836's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Resources Power Holdings Company Limited's employee growth, exchange listings and data sources
- Name: China Resources Power Holdings Company Limited
- Ticker: 836
- Exchange: SEHK
- Founded: 2001
- Industry: Independent Power Producers and Energy Traders
- Sector: Utilities
- Implied Market Cap: HK$71.676b
- Shares outstanding: 4.81b
- Website: https://www.cr-power.com
Number of Employees
- China Resources Power Holdings Company Limited
- China Resources Building
- 20th Floor
- Wan Chai
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/25 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.