SEHK:836

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China Resources Power Holdings

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


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

-2.1%

836

-1.7%

HK Renewable Energy

-3.9%

HK Market


1 Year Return

-15.0%

836

-15.8%

HK Renewable Energy

-1.5%

HK Market

Return vs Industry: 836 matched the Hong Kong Renewable Energy industry which returned -15.3% over the past year.

Return vs Market: 836 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

836IndustryMarket
7 Day-2.1%-1.7%-3.9%
30 Day-9.3%-6.5%-7.1%
90 Day-3.6%2.5%-0.7%
1 Year-9.8%-15.0%-11.3%-15.8%2.4%-1.5%
3 Year-26.8%-36.6%-28.6%-36.4%-7.2%-17.2%
5 Year-36.2%-50.8%-48.8%-58.0%20.1%-0.1%

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

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$8.69) is trading below our estimate of fair value (HK$53.94)

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 (5.9x) compared to the HK Renewable Energy industry average (7.2x).

PE vs Market: 836 is good value based on its PE Ratio (5.9x) compared to the Hong Kong market (11.1x).


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 (22.5% 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 (13.3% 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?

6.31%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 836's dividend (6.31%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 836's dividend (6.31%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.92%).


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

NamePositionTenureCompensationOwnership
Junzheng Zhang
Vice Chairman & Senior VP0.75yrno data0.016%
HK$ 6.7m
Yong Tang
President & Executive Director0.75yrno data0.0062%
HK$ 2.6m
Xiao Bin Wang
CFO, Company Secretary & Executive Director14.58yrsHK$5.40m0.076%
HK$ 31.8m
Gang Zhang
VP & General Legal Counselno datano datano data
Lihui Jiang
Vice President8.42yrsno datano data
Guolin Zhu
Senior VP & Finance Directorno datano datano data
Hongbo Xu
Assistant President & GM of the Strategic Development Department2.67yrsno datano data
Jianbo Zhou
Senior Vice President1.92yrsno datano 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

NamePositionTenureCompensationOwnership
Junzheng Zhang
Vice Chairman & Senior VP0.75yrno data0.016%
HK$ 6.7m
Yong Tang
President & Executive Director0.75yrno data0.0062%
HK$ 2.6m
Xiao Bin Wang
CFO, Company Secretary & Executive Director14.58yrsHK$5.40m0.076%
HK$ 31.8m
Kuo Fung Ch'ien
Independent Non-Executive Director10.42yrsHK$422.00k0.000080%
HK$ 33.4k
Chak-Kwong So
Independent Non-Executive Director6.25yrsHK$470.00kno data
Ying Chen
Non-Executive Director8.25yrsno datano data
Chiu-Cheung Ma
Independent Non-Executive Director13.75yrsHK$470.00kno data
Chuandong Wang
Chairman of the Board0.50yrno datano data
Yan Wang
Non-Executive Director6.08yrsno data0.00091%
HK$ 380.4k
Oi-Sie Leung
Independent Non-Executive Director10.42yrsHK$470.00kno 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$41.803b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRPJ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2003
836SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2003
CRPDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2003
836SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2003
836SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2003
CRPJ.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/24 19:15
End of Day Share Price2020/09/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.