SEHK:836

Stock Analysis Report

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.

Snowflake

Fundamentals

Good value average dividend payer.


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


Market Performance


7 Day Return

4.4%

SEHK:836

1.7%

HK Renewable Energy

2.5%

HK Market


1 Year Return

-19.8%

SEHK:836

-8.6%

HK Renewable Energy

-3.9%

HK Market

836 underperformed the Renewable Energy industry which returned -8.6% over the past year.

836 underperformed the Market in Hong Kong which returned -3.9% over the past year.


Share holder returns

836IndustryMarket
7 Day4.4%1.7%2.5%
30 Day3.4%3.6%7.6%
90 Day-4.8%-5.3%0.8%
1 Year-17.5%-19.8%-5.7%-8.6%-0.4%-3.9%
3 Year-12.5%-24.1%-13.0%-21.1%19.6%7.6%
5 Year-40.1%-52.8%-41.5%-51.8%17.7%-1.7%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

China Resources Power Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

China Resources Power Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

China Resources Power Holdings is overvalued based on earnings compared to the HK Renewable Energy industry average.

China Resources Power Holdings is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

China Resources Power Holdings is good value based on expected growth next year.


Price Based on Value of Assets

China Resources Power Holdings is overvalued based on assets compared to the HK Renewable Energy industry average.


Next Steps

Future Growth

How is China Resources Power Holdings expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

17.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

China Resources Power Holdings's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).

China Resources Power Holdings's earnings are expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).

China Resources Power Holdings's revenue growth is positive but not above the Hong Kong market average.

China Resources Power Holdings's earnings growth is expected to exceed the Hong Kong market average.

China Resources Power Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

China Resources Power Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has China Resources Power Holdings performed over the past 5 years?

-20.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

China Resources Power Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

China Resources Power Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

China Resources Power Holdings's 1-year earnings growth is negative, it can't be compared to the HK Renewable Energy industry average.


Return on Equity

China Resources Power Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

China Resources Power Holdings used its assets less efficiently than the HK Renewable Energy industry average last year based on Return on Assets.


Return on Capital Employed

China Resources Power Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is China Resources Power Holdings's financial position?


Financial Position Analysis

China Resources Power Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

China Resources Power Holdings's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

China Resources Power Holdings's level of debt (124.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (114.4% vs 124.4% today).

Debt is not well covered by operating cash flow (18.7%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


Next Steps

Dividend

What is China Resources Power Holdings's current dividend yield, its reliability and sustainability?

6.43%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase China Resources Power Holdings before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

China Resources Power Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

China Resources Power Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (6.06%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).


Next Steps

Management

What is the CEO of China Resources Power Holdings's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average management tenure


CEO

China Resources Power Holdings has no CEO, or we have no data on them.


Management Age and Tenure

2.5yrs

Average Tenure

47yo

Average Age

The tenure for the China Resources Power Holdings management team is about average.


Board Age and Tenure

6.3yrs

Average Tenure

56yo

Average Age

The tenure for the China Resources Power Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellHK$5,530,00230 Apr 19
Chiu Cheung Ma
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares500,000
Max PriceHK$11.06
BuyHK$577,00029 Mar 19
Min Hu
EntityIndividual
Role
Member of the Board of Directors
President & Executive Director
Shares50,000
Max PriceHK$11.54
BuyHK$586,00029 Mar 19
Min Hu
EntityIndividual
Role
Member of the Board of Directors
President & Executive Director
Shares50,000
Max PriceHK$11.72
BuyHK$175,886,16503 Oct 18
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares12,736,607
Max PriceHK$13.81

Ownership Breakdown


Management Team

  • Xiao Bin Wang (47yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 13.6yrs
    • Compensation: HK$3.94m
  • Lihui Jiang (56yo)

    Senior Vice President

    • Tenure: 7.4yrs
  • Min Hu (53yo)

    President & Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$4.52m
  • Guolin Zhu (59yo)

    Senior VP & Finance Director

    • Tenure: 0yrs
  • Gang Zhang (42yo)

    VP & General Legal Counsel

    • Tenure: 0yrs
  • Hongbo Xu (42yo)

    Assistant President & GM of the Strategic Development Department

    • Tenure: 1.7yrs
  • Jianbo Zhou (45yo)

    Senior Vice President

    • Tenure: 0.9yrs

Board Members

  • Raymond Ch'ien (67yo)

    Independent Non-Executive Director

    • Tenure: 9.4yrs
    • Compensation: HK$300.00k
  • Jack So (73yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: HK$345.00k
  • Ying Chen (48yo)

    Non-Executive Director

    • Tenure: 7.3yrs
  • Xiao Bin Wang (47yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 13.6yrs
    • Compensation: HK$3.94m
  • Andrew Ma (77yo)

    Independent Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: HK$345.00k
  • Ru Ge Li (56yo)

    Chairman of the Board

    • Tenure: 1.5yrs
  • Yan Wang (47yo)

    Non-Executive Director

    • Tenure: 5.1yrs
  • Elsie Leung (80yo)

    Independent Non-Executive Director

    • Tenure: 9.4yrs
    • Compensation: HK$345.00k
  • Min Hu (53yo)

    President & Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$4.52m
  • Michael Mac Isaac

    Director

    • Tenure: 5.4yrs

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$51.953b
  • 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
  • Wanchai
  • 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 Analysis2019/09/15 12:34
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.