Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has China Resources Power Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 836 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.6%
836
-2.9%
HK Renewable Energy
-5.5%
HK Market
1 Year Return
-11.8%
836
-15.6%
HK Renewable Energy
-1.9%
HK Market
Return vs Industry: 836 exceeded the Hong Kong Renewable Energy industry which returned -15.6% over the past year.
Return vs Market: 836 underperformed the Hong Kong Market which returned -1.9% over the past year.
Shareholder returns
| 836 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | -2.9% | -5.5% |
| 30 Day | -8.7% | -6.4% | -7.6% |
| 90 Day | -4.3% | 1.6% | -1.5% |
| 1 Year | -6.4%-11.8% | -11.1%-15.6% | 2.1%-1.9% |
| 3 Year | -29.4%-38.9% | -29.8%-37.5% | -8.4%-18.3% |
| 5 Year | -40.1%-53.8% | -50.9%-59.9% | 16.1%-3.5% |
Price Volatility Vs. Market
How volatile is China Resources Power Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
China Resources Power Holdings' (HKG:836) Shareholders Are Down 49% On Their Shares3 weeks ago | Simply Wall St
Is China Resources Power Holdings (HKG:836) Set To Make A Turnaround?1 month ago | Simply Wall St
It's A Story Of Risk Vs Reward With China Resources Power Holdings Company Limited (HKG:836)Valuation
Is China Resources Power Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 836 (HK$8.62) is trading below our estimate of fair value (HK$53.89)
Significantly Below Fair Value: 836 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 836 is good value based on its PE Ratio (5.8x) compared to the HK Renewable Energy industry average (7.2x).
PE vs Market: 836 is good value based on its PE Ratio (5.8x) compared to the Hong Kong market (10.9x).
Price to Earnings Growth Ratio
PEG Ratio: 836 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 836's PB Ratio (0.5x) is in line with the HK Renewable Energy industry average.
Next Steps
Future Growth
How is China Resources Power Holdings forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
6.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 836's forecast earnings growth (6.2% per year) is above the savings rate (1.6%).
Earnings vs Market: 836's earnings (6.2% per year) are forecast to grow slower than the Hong Kong market (22.4% per year).
High Growth Earnings: 836's earnings are forecast to grow, but not significantly.
Revenue vs Market: 836's revenue (5.5% per year) is forecast to grow slower than the Hong Kong market (13.2% per year).
High Growth Revenue: 836's revenue (5.5% 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 (11%).
Next Steps
Past Performance
How has China Resources Power Holdings performed over the past 5 years?
-12.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 836 has high quality earnings.
Growing Profit Margin: 836's current net profit margins (10.8%) are higher than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: 836's earnings have declined by 12.8% per year over the past 5 years.
Accelerating Growth: 836's earnings growth over the past year (41.5%) exceeds its 5-year average (-12.8% per year).
Earnings vs Industry: 836 earnings growth over the past year (41.5%) exceeded the Renewable Energy industry 9.1%.
Return on Equity
High ROE: 836's Return on Equity (9%) is considered low.
Next Steps
Financial Health
How is China Resources Power Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 836's short term assets (HK$34.3B) do not cover its short term liabilities (HK$60.1B).
Long Term Liabilities: 836's short term assets (HK$34.3B) do not cover its long term liabilities (HK$76.6B).
Debt to Equity History and Analysis
Debt Level: 836's debt to equity ratio (112.4%) is considered high.
Reducing Debt: 836's debt to equity ratio has increased from 112% to 112.4% over the past 5 years.
Debt Coverage: 836's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: 836's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
Next Steps
Dividend
What is China Resources Power Holdings's current dividend yield, its reliability and sustainability?
6.36%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 836's dividend (6.36%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.31%).
High Dividend: 836's dividend (6.36%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.06%).
Stability and Growth of Payments
Stable Dividend: 836's dividend payments have been volatile in the past 10 years.
Growing Dividend: 836's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.8%), 836's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 836's dividends in 3 years are forecast to be well covered by earnings (40% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
China Resources Power Holdings has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & Senior VP | 0.75yr | no data | 0.016% HK$ 6.7m | |
| President & Executive Director | 0.75yr | no data | 0.0062% HK$ 2.6m | |
| CFO, Company Secretary & Executive Director | 14.58yrs | HK$5.40m | 0.076% HK$ 31.6m | |
| VP & General Legal Counsel | no data | no data | no data | |
| Vice President | 8.42yrs | no data | no data | |
| Senior VP & Finance Director | no data | no data | no data | |
| Assistant President & GM of the Strategic Development Department | 2.67yrs | no data | no data | |
| Senior Vice President | 1.92yrs | no data | no data |
1.9yrs
Average Tenure
48yo
Average Age
Experienced Management: 836's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & Senior VP | 0.75yr | no data | 0.016% HK$ 6.7m | |
| President & Executive Director | 0.75yr | no data | 0.0062% HK$ 2.6m | |
| CFO, Company Secretary & Executive Director | 14.58yrs | HK$5.40m | 0.076% HK$ 31.6m | |
| Independent Non-Executive Director | 10.42yrs | HK$422.00k | 0.000080% HK$ 33.2k | |
| Independent Non-Executive Director | 6.25yrs | HK$470.00k | no data | |
| Non-Executive Director | 8.25yrs | no data | no data | |
| Independent Non-Executive Director | 13.75yrs | HK$470.00k | no data | |
| Chairman of the Board | 0.50yr | no data | no data | |
| Non-Executive Director | 6.08yrs | no data | 0.00091% HK$ 377.3k | |
| Independent Non-Executive Director | 10.42yrs | HK$470.00k | no data |
7.3yrs
Average Tenure
55.5yo
Average Age
Experienced Board: 836's board of directors are considered experienced (7.3 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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Resources Power Holdings Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Resources Power Holdings Company Limited
- Ticker: 836
- Exchange: SEHK
- Founded: 2001
- Industry: Independent Power Producers and Energy Traders
- Sector: Utilities
- Market Cap: HK$41.466b
- Shares outstanding: 4.81b
- Website: https://www.cr-power.com
Number of Employees
Location
- China Resources Power Holdings Company Limited
- China Resources Building
- 20th Floor
- Wan Chai
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CRPJ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 2003 |
| 836 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Nov 2003 |
| CRP | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 2003 |
| 836 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Nov 2003 |
| 836 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Nov 2003 |
| CRPJ.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Oct 2008 |
Biography
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 operate ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/26 19:14 |
| End of Day Share Price | 2020/09/25 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.