| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
902 Overview
Huaneng Power International, Inc., together with its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People’s Republic of China and internationally.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$3.65 |
| 52 Week High | HK$2.44 |
| 52 Week Low | HK$4.91 |
| Beta | 0.53 |
| 1 Month Change | -9.88% |
| 3 Month Change | 39.31% |
| 1 Year Change | 20.46% |
| 3 Year Change | -16.48% |
| 5 Year Change | -23.16% |
| Change since IPO | 65.91% |
Recent News & Updates
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Does Huaneng Power International (HKG:902) Have A Healthy Balance Sheet?
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Shareholder Returns
| 902 | HK Renewable Energy | HK Market | |
|---|---|---|---|
| 7D | -6.4% | 0.7% | 0.4% |
| 1Y | 20.5% | 75.1% | 6.7% |
Return vs Industry: 902 underperformed the Hong Kong Renewable Energy industry which returned 75.1% over the past year.
Return vs Market: 902 exceeded the Hong Kong Market which returned 6.7% over the past year.
Price Volatility
| 902 volatility | |
|---|---|
| 902 Beta | 0.53 |
| Industry Beta | 0.61 |
| Market Beta | 1 |
Stable Share Price: 902 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: 902's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1994 | 57,874 | Ping Zhao | https://www.hpi.com.cn |
Huaneng Power International, Inc., together with its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People’s Republic of China and internationally. It is involved in the development, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities. The company generates power from gas turbine, hydro, wind, photovoltaic, biomass, coal, solar, and oil resources.
Huaneng Power International Fundamentals Summary
| 902 fundamental statistics | |
|---|---|
| Market Cap | CN¥89.76b |
| Earnings (TTM) | CN¥1.02b |
| Revenue (TTM) | CN¥185.41b |
46.3x
P/E Ratio0.3x
P/S RatioIs 902 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 902 income statement (TTM) | |
|---|---|
| Revenue | CN¥185.41b |
| Cost of Revenue | CN¥158.83b |
| Gross Profit | CN¥26.57b |
| Expenses | CN¥25.56b |
| Earnings | CN¥1.02b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 27, 2021
| Earnings per share (EPS) | 0.065 |
| Gross Margin | 14.33% |
| Net Profit Margin | 0.55% |
| Debt/Equity Ratio | 167.7% |
How did 902 perform over the long term?
See historical performance and comparisonDividends
6.0%
Current Dividend Yield278%
Payout RatioValuation
Is Huaneng Power International undervalued compared to its fair value and its price relative to the market?
46.35x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 902 (HK$3.65) is trading above our estimate of fair value (HK$1.25)
Significantly Below Fair Value: 902 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 902 is poor value based on its PE Ratio (46.3x) compared to the Hong Kong Renewable Energy industry average (9.5x).
PE vs Market: 902 is poor value based on its PE Ratio (46.3x) compared to the Hong Kong market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: 902 is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: 902 is good value based on its PB Ratio (0.4x) compared to the HK Renewable Energy industry average (0.8x).
Future Growth
How is Huaneng Power International forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
24.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 902's forecast earnings growth (24.1% per year) is above the savings rate (1.5%).
Earnings vs Market: 902's earnings (24.1% per year) are forecast to grow faster than the Hong Kong market (17.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 902's revenue (5.1% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).
High Growth Revenue: 902's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 902's Return on Equity is forecast to be low in 3 years time (6.3%).
Past Performance
How has Huaneng Power International performed over the past 5 years?
-37.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 902 has a large one-off loss of CN¥5.7B impacting its June 30 2021 financial results.
Growing Profit Margin: 902's current net profit margins (0.5%) are lower than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: 902's earnings have declined by 37.5% per year over the past 5 years.
Accelerating Growth: 902's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 902 had negative earnings growth (-50.5%) over the past year, making it difficult to compare to the Renewable Energy industry average (23.1%).
Return on Equity
High ROE: 902's Return on Equity (2.6%) is considered low.
Financial Health
How is Huaneng Power International's financial position?
Financial Position Analysis
Short Term Liabilities: 902's short term assets (CN¥71.8B) do not cover its short term liabilities (CN¥144.0B).
Long Term Liabilities: 902's short term assets (CN¥71.8B) do not cover its long term liabilities (CN¥161.0B).
Debt to Equity History and Analysis
Debt Level: 902's debt to equity ratio (167.7%) is considered high.
Reducing Debt: 902's debt to equity ratio has reduced from 169.7% to 167.7% over the past 5 years.
Debt Coverage: 902's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: 902's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
Dividend
What is Huaneng Power International current dividend yield, its reliability and sustainability?
6.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 902's dividend (6%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).
High Dividend: 902's dividend (6%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).
Stability and Growth of Payments
Stable Dividend: 902's dividend payments have been volatile in the past 10 years.
Growing Dividend: 902's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (278.2%), 902's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 902's dividends in 3 years are forecast to be covered by earnings (78% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Ping Zhao (59 yo)
1.58yrs
Tenure
CN¥1,124,000
Compensation
Mr. Ping Zhao serves as Executive Director at Huaneng Power International, Inc. since June 16, 2020. Mr. Zhao serves as President at Huaneng Power International, Inc. since March 5, 2020 and served as its...
CEO Compensation Analysis
Compensation vs Market: Ping's total compensation ($USD176.01K) is below average for companies of similar size in the Hong Kong market ($USD1.11M).
Compensation vs Earnings: Ping's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: 902's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
Experienced Board: 902's board of directors are considered experienced (4.3 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
Huaneng Power International, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Huaneng Power International, Inc.
- Ticker: 902
- Exchange: SEHK
- Founded: 1994
- Industry: Independent Power Producers and Energy Traders
- Sector: Utilities
- Market Cap: HK$109.266b
- Shares outstanding: 15.70b
- Website: https://www.hpi.com.cn
Number of Employees
Location
- Huaneng Power International, Inc.
- Huaneng Building
- 6 Fuxingmennei Street
- Beijing
- 100031
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:09 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.