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China Longyuan Power Group

SEHK:916
Snowflake Description

Undervalued second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
916
SEHK
HK$35B
Market Cap
  1. Home
  2. HK
  3. Utilities
Company description

China Longyuan Power Group Corporation Limited generates and sells wind and coal power in the People’s Republic of China. The last earnings update was 114 days ago. More info.


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916 Share Price and Events
7 Day Returns
-1.8%
SEHK:916
-2.9%
HK Renewable Energy
-0.7%
HK Market
1 Year Returns
-34%
SEHK:916
-15.8%
HK Renewable Energy
-9.8%
HK Market
916 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Longyuan Power Group (916) -1.8% -9.7% -12% -34% -35.6% -47.3%
HK Renewable Energy -2.9% -6.4% -4.9% -15.8% -24.4% -53%
HK Market -0.7% -9.3% -8.4% -9.8% 1.6% -10.5%
1 Year Return vs Industry and Market
  • 916 underperformed the Renewable Energy industry which returned -15.8% over the past year.
  • 916 underperformed the Market in Hong Kong which returned -9.8% over the past year.
Price Volatility
916
Industry
5yr Volatility vs Market

Value

 Is China Longyuan Power Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Longyuan Power Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Longyuan Power Group.

SEHK:916 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:916
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.462 (1 + (1- 25%) (238.76%))
1.194
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.194 * 5.96%)
9.12%

Discounted Cash Flow Calculation for SEHK:916 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Longyuan Power Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SEHK:916 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.12%)
2020 2,926.80 Analyst x7 2,682.20
2021 6,238.65 Analyst x8 5,239.43
2022 11,044.00 Analyst x2 8,499.96
2023 11,327.50 Analyst x2 7,989.53
2024 11,596.67 Est @ 2.38% 7,495.78
2025 11,859.24 Est @ 2.26% 7,024.86
2026 12,118.47 Est @ 2.19% 6,578.47
2027 12,376.72 Est @ 2.13% 6,157.15
2028 12,635.71 Est @ 2.09% 5,760.64
2029 12,896.73 Est @ 2.07% 5,388.25
Present value of next 10 years cash flows CN¥62,816.26
SEHK:916 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥12,896.73 × (1 + 2%) ÷ (9.12% – 2%)
CN¥184,847.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥184,847.21 ÷ (1 + 9.12%)10
CN¥77,229.03
SEHK:916 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥62,816.26 + CN¥77,229.03
CN¥140,045.29
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥140,045.29 / 8,036.39
CN¥17.43
SEHK:916 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:916)
1.114
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥17.43 x 1.114
HK$19.41
Value per share (HKD) From above. HK$19.41
Current discount Discount to share price of HK$4.38
= -1 x (HK$4.38 - HK$19.41) / HK$19.41
77.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Longyuan Power Group is available for.
Intrinsic value
>50%
Share price is HK$4.38 vs Future cash flow value of HK$19.41
Current Discount Checks
For China Longyuan Power Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Longyuan Power Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Longyuan Power Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Longyuan Power Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Longyuan Power Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:916 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.49
SEHK:916 Share Price ** SEHK (2019-08-16) in HKD HK$4.38
SEHK:916 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.898 CN¥3.93
Hong Kong Renewable Energy Industry PE Ratio Median Figure of 24 Publicly-Listed Renewable Energy Companies 8.34x
Hong Kong Market PE Ratio Median Figure of 1,500 Publicly-Listed Companies 9.66x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Longyuan Power Group.

SEHK:916 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:916 Share Price ÷ EPS (both in CNY)

= 3.93 ÷ 0.49

8.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Longyuan Power Group is good value based on earnings compared to the HK Renewable Energy industry average.
  • China Longyuan Power Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Longyuan Power Group's expected growth come at a high price?
Raw Data
SEHK:916 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
11%per year
Hong Kong Renewable Energy Industry PEG Ratio Median Figure of 18 Publicly-Listed Renewable Energy Companies 0.67x
Hong Kong Market PEG Ratio Median Figure of 486 Publicly-Listed Companies 0.74x

*Line of best fit is calculated by linear regression .

SEHK:916 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.06x ÷ 11%

0.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Longyuan Power Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Longyuan Power Group's assets?
Raw Data
SEHK:916 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥6.13
SEHK:916 Share Price * SEHK (2019-08-16) in HKD HK$4.38
SEHK:916 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.898 CN¥3.93
Hong Kong Renewable Energy Industry PB Ratio Median Figure of 27 Publicly-Listed Renewable Energy Companies 0.63x
Hong Kong Market PB Ratio Median Figure of 2,186 Publicly-Listed Companies 0.84x
SEHK:916 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:916 Share Price ÷ Book Value per Share (both in CNY)

= 3.93 ÷ 6.13

0.64x

* Primary Listing of China Longyuan Power Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Longyuan Power Group is overvalued based on assets compared to the HK Renewable Energy industry average.
X
Value checks
We assess China Longyuan Power Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Renewable Energy industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Renewable Energy industry average (and greater than 0)? (1 check)
  5. China Longyuan Power Group has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is China Longyuan Power Group expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Longyuan Power Group expected to grow at an attractive rate?
  • China Longyuan Power Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Longyuan Power Group's earnings growth is positive but not above the Hong Kong market average.
  • China Longyuan Power Group's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:916 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:916 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 11%
SEHK:916 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 5.6%
Hong Kong Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 17.2%
Hong Kong Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:916 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:916 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 35,907 18,358 1
2022-12-31 33,895 19,873 1
2021-12-31 30,610 16,553 5,911 18
2020-12-31 28,965 16,145 5,531 23
2019-12-31 27,552 15,593 4,883 22
SEHK:916 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 26,617 3,899
2018-12-31 26,388 14,255 3,924
2018-09-30 26,092 4,893
2018-06-30 25,640 14,969 4,345
2018-03-31 25,376 4,451
2017-12-31 24,592 12,131 3,688
2017-09-30 24,323 3,583
2017-06-30 23,391 10,816 3,546
2017-03-31 23,035 3,488
2016-12-31 22,304 13,533 3,415
2016-09-30 20,755 3,304
2016-06-30 20,361 13,550 2,957

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Longyuan Power Group's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
  • China Longyuan Power Group's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:916 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from China Longyuan Power Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:916 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.74 0.89 0.64 16.00
2020-12-31 0.68 0.80 0.55 21.00
2019-12-31 0.60 0.67 0.53 20.00
SEHK:916 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31
2018-12-31 0.49
2018-09-30
2018-06-30 0.54
2018-03-31
2017-12-31 0.46
2017-09-30
2017-06-30 0.44
2017-03-31
2016-12-31 0.42
2016-09-30
2016-06-30 0.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Longyuan Power Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Longyuan Power Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Longyuan Power Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has China Longyuan Power Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Longyuan Power Group's growth in the last year to its industry (Renewable Energy).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Longyuan Power Group's year on year earnings growth rate has been positive over the past 5 years.
  • China Longyuan Power Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Longyuan Power Group's 1-year earnings growth is negative, it can't be compared to the HK Renewable Energy industry average.
Earnings and Revenue History
China Longyuan Power Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Longyuan Power Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:916 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 26,617.25 3,898.83 2,747.52
2018-12-31 26,387.92 3,923.81 2,747.52
2018-09-30 26,091.81 4,893.01 2,304.69
2018-06-30 25,639.72 4,345.49 2,438.37
2018-03-31 25,375.56 4,450.83 2,304.69
2017-12-31 24,591.62 3,688.05 2,304.69
2017-09-30 24,322.69 3,582.82 2,110.34
2017-06-30 23,390.73 3,545.98 2,179.50
2017-03-31 23,034.91 3,488.12 2,110.34
2016-12-31 22,304.06 3,415.38 2,110.34
2016-09-30 20,755.24 3,303.80 1,871.08
2016-06-30 20,360.67 2,957.11 1,925.08
2016-03-31 20,129.46 2,914.79 1,871.08
2015-12-31 19,683.06 2,878.28 1,871.08
2015-09-30 19,988.77 3,242.78 1,672.20
2015-06-30 19,770.87 3,393.63 1,755.74
2015-03-31 18,752.45 2,864.54 1,672.20
2014-12-31 18,228.43 2,554.50 1,672.20
2014-09-30 17,861.18 1,627.01 1,514.59
2014-06-30 18,500.72 1,953.67 1,584.13
2014-03-31 19,108.46 2,145.66 1,514.59
2013-12-31 19,146.62 2,051.58 1,514.59
2013-09-30 18,855.60 2,826.68 1,326.37
2013-06-30 18,507.10 2,597.21 1,361.35
2013-03-31 17,649.68 2,666.73 1,326.37
2012-12-31 17,288.19 2,593.24 1,326.37
2012-09-30 17,473.03 2,698.01 1,113.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Longyuan Power Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Longyuan Power Group used its assets more efficiently than the HK Renewable Energy industry average last year based on Return on Assets.
  • China Longyuan Power Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Longyuan Power Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Renewable Energy industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Longyuan Power Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is China Longyuan Power Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Longyuan Power Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Longyuan Power Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Longyuan Power Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of China Longyuan Power Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Longyuan Power Group Company Filings, last reported 4 months ago.

SEHK:916 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 56,565.79 75,468.83 3,110.34
2018-12-31 56,565.79 75,053.41 3,110.34
2018-09-30 55,601.96 76,987.81 2,804.28
2018-06-30 55,601.96 76,549.81 2,804.28
2018-03-31 53,299.28 77,965.66 5,249.39
2017-12-31 53,299.28 77,504.72 5,249.39
2017-09-30
2017-06-30 49,682.61 80,099.31 3,647.68
2017-03-31 47,786.25 76,342.43 2,108.79
2016-12-31 47,786.25 75,842.43 2,108.79
2016-09-30
2016-06-30 46,377.27 75,306.54 2,661.45
2016-03-31 44,574.32 74,946.77 3,539.72
2015-12-31 44,574.32 74,946.77 3,539.72
2015-09-30
2015-06-30 43,186.00 70,380.29 2,884.82
2015-03-31 40,904.09 70,035.75 2,618.56
2014-12-31 40,904.09 70,035.75 2,618.56
2014-09-30
2014-06-30 39,189.20 63,244.22 3,828.95
2014-03-31 38,129.52 57,901.59 3,035.25
2013-12-31 38,129.52 57,901.59 3,035.25
2013-09-30
2013-06-30 37,661.14 57,169.20 3,869.83
2013-03-31 36,421.93 58,652.11 5,439.32
2012-12-31 36,421.93 58,652.11 5,439.32
2012-09-30
  • China Longyuan Power Group's level of debt (132.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (152% vs 132.7% today).
  • Debt is not well covered by operating cash flow (19%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess China Longyuan Power Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Longyuan Power Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is China Longyuan Power Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.48%
Current annual income from China Longyuan Power Group dividends. Estimated to be 3.49% next year.
If you bought HK$2,000 of China Longyuan Power Group shares you are expected to receive HK$50 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • China Longyuan Power Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.28%).
  • China Longyuan Power Group's dividend is below the markets top 25% of dividend payers in Hong Kong (6.25%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:916 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
Hong Kong Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 3.6%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.9%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:916 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.15 18.00
2020-12-31 0.14 22.00
2019-12-31 0.12 19.00
SEHK:916 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-19 0.098 2.218
2018-03-12 0.092 1.719
2017-05-04 0.085 1.768
2016-04-14 0.072 1.332
2016-03-22 0.072 1.508
2015-05-29 0.060 1.090
2014-04-03 0.048 0.713
2013-05-31 0.064 0.927
2012-03-26 0.069 1.497
2011-05-06 0.054 1.015

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Longyuan Power Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but China Longyuan Power Group only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of China Longyuan Power Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.8x coverage).
X
Income/ dividend checks
We assess China Longyuan Power Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Longyuan Power Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Longyuan Power Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yanbing Jia
AGE 52
TENURE AS CEO 0.7 years
CEO Bio

Mr. Yanbing Jia is a General Manager and President at China Longyuan Power Group Corporation Ltd since December 12, 2018 and serves as its Executive Director since February 28, 2019. Mr. Jia Yanbing consecutively served as deputy general manager and general manager of Hebei No.1 Electric Power Construction Company; deputy director and director of the engineering construction department of China Guodian Corporation; and the team leader of the Party Committee Inspection Team of China Energy Investment Corporation Limited. He graduated from Northeast China Institute of Electric Power, holding a bachelor’s degree in engineering, and from Nankai University, holding a master’s degree in business administration. He is a senior engineer.

CEO Compensation
  • Insufficient data for Yanbing to compare compensation growth.
  • Insufficient data for Yanbing to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the China Longyuan Power Group management team in years:

5.7
Average Tenure
52
Average Age
  • The average tenure for the China Longyuan Power Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Qun Huang

TITLE
VP & Executive Director
COMPENSATION
CN¥1M
AGE
55
TENURE
10.1 yrs

Yanbing Jia

TITLE
President
AGE
52
TENURE
0.7 yrs

Shihong Chang

TITLE
Chief Accountant
AGE
44
TENURE
5.7 yrs

Nansong Jia

TITLE
VP, Board Secretary & Joint Company Secretary
AGE
56
TENURE
10.1 yrs

Sau Ling Chan

TITLE
Joint Company Secretary
AGE
49
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the China Longyuan Power Group board of directors in years:

4.1
Average Tenure
57.5
Average Age
  • The tenure for the China Longyuan Power Group board of directors is about average.
Board of Directors

Baoping Qiao

TITLE
Chairman
AGE
61
TENURE
6.1 yrs

Qun Huang

TITLE
VP & Executive Director
COMPENSATION
CN¥1M
AGE
55
TENURE
7.3 yrs

Yanbing Jia

TITLE
President
AGE
52
TENURE
0.5 yrs

Songyi Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥143K
AGE
63
TENURE
10.1 yrs

Yan Meng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥143K
AGE
63
TENURE
10.1 yrs

Bin Chen

TITLE
Chairman of the Supervisory Board
AGE
59
TENURE
1.3 yrs

Baoxing Luan

TITLE
Non-Executive Director
AGE
52
TENURE
3 yrs

Dechang Han

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥143K
AGE
61
TENURE
5.3 yrs

Xiangbin Yang

TITLE
Non-Executive Director
AGE
53
TENURE
3 yrs

Jinhuan Liu

TITLE
Non-Executive Director
AGE
56
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
12. Aug 19 Sell Wellington Management Group LLP Company 09. Aug 19 09. Aug 19 -4,731,000 HK$4.51 HK$-21,322,599
04. Jun 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 31. May 19 31. May 19 -128,000 HK$4.97 HK$-635,584
22. May 19 Sell J.P. Morgan Asset Management, Inc. Company 17. May 19 17. May 19 -21,371,000 HK$4.99 HK$-106,662,725
17. May 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 15. May 19 15. May 19 1,417,040 HK$5.02 HK$7,113,966
15. May 19 Buy Wellington Management Group LLP Company 14. May 19 14. May 19 8,327,000 HK$4.95 HK$41,218,621
15. May 19 Sell J.P. Morgan Asset Management, Inc. Company 10. May 19 10. May 19 -169,000 HK$5.04 HK$-852,419
13. May 19 Buy J.P. Morgan Asset Management, Inc. Company 08. May 19 08. May 19 2,344,000 HK$5.15 HK$12,068,554
07. May 19 Sell J.P. Morgan Asset Management, Inc. Company 02. May 19 02. May 19 -2,501,000 HK$5.39 HK$-13,492,889
27. Mar 19 Sell J.P. Morgan Asset Management, Inc. Company 22. Mar 19 22. Mar 19 -13,882,007 HK$5.49 HK$-76,253,845
25. Mar 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 20. Mar 19 20. Mar 19 1,474,979 HK$5.65 HK$8,339,085
20. Feb 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 15. Feb 19 15. Feb 19 -8,892,059 HK$5.78 HK$-51,361,391
18. Feb 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 13. Feb 19 13. Feb 19 1,934,059 HK$5.96 HK$11,529,500
11. Jan 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 08. Jan 19 08. Jan 19 -2,340,593 HK$5.53 HK$-12,936,924
07. Jan 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 02. Jan 19 02. Jan 19 4,601,918 HK$5.29 HK$24,336,333
03. Jan 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 28. Dec 18 28. Dec 18 -794,276 HK$5.38 HK$-4,276,702
07. Dec 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 04. Dec 18 04. Dec 18 1,536,000 HK$6.00 HK$9,220,300
30. Nov 18 Sell Wellington Management Group LLP Company 28. Nov 18 28. Nov 18 -68,267,000 HK$6.00 HK$-409,738,787
15. Nov 18 Sell Wellington Management Group LLP Company 13. Nov 18 13. Nov 18 -2,296,000 HK$6.29 HK$-14,448,725
09. Nov 18 Sell T. Rowe Price Group, Inc. Company 06. Nov 18 06. Nov 18 -5,269,000 HK$6.02 HK$-31,729,907
26. Oct 18 Sell BlackRock, Inc. Company 23. Oct 18 23. Oct 18 -2,152,026 HK$5.71 HK$-12,295,169
23. Oct 18 Sell Wellington Management Group LLP Company 19. Oct 18 19. Oct 18 -2,859,000 HK$5.82 HK$-16,642,239
19. Oct 18 Buy Wellington Management Group LLP Company 18. Oct 18 18. Oct 18 821,300 HK$5.96 HK$4,892,483
19. Oct 18 Buy BlackRock, Inc. Company 16. Oct 18 16. Oct 18 1,685,000 HK$5.94 HK$10,003,679
15. Oct 18 Sell Wellington Management Group LLP Company 12. Oct 18 12. Oct 18 -2,518,000 HK$5.96 HK$-14,997,215
11. Oct 18 Buy Wellington Management Group LLP Company 10. Oct 18 10. Oct 18 1,056,000 HK$6.43 HK$6,790,079
09. Oct 18 Sell Wellington Management Group LLP Company 08. Oct 18 08. Oct 18 -1,340,000 HK$6.31 HK$-8,448,703
31. Aug 18 Sell BlackRock, Inc. Company 28. Aug 18 28. Aug 18 -5,566,000 HK$6.50 HK$-36,206,270
30. Aug 18 Buy Wellington Management Group LLP Company 29. Aug 18 29. Aug 18 2,487,000 HK$6.62 HK$16,466,434
X
Management checks
We assess China Longyuan Power Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Longyuan Power Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Before You Buy China Longyuan Power Group Corporation Limited (HKG:916), Consider Its Volatility

If you're interested in China Longyuan Power Group Corporation Limited (HKG:916), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … China Longyuan Power Group has a five-year beta of 1.07. … What this means for you: It is probable that there is a link between the share price of China Longyuan Power Group and the broader market, since it has a beta value quite close to one.

Simply Wall St -

Is China Longyuan Power Group (HKG:916) Using Too Much Debt?

Check out our latest analysis for China Longyuan Power Group How Much Debt Does China Longyuan Power Group Carry? … SEHK:916 Historical Debt, July 10th 2019 How Healthy Is China Longyuan Power Group's Balance Sheet? … Either way, since China Longyuan Power Group does have more debt than cash, it's worth keeping an eye on its balance sheet.

Simply Wall St -

Is There Now An Opportunity In China Longyuan Power Group Corporation Limited (HKG:916)?

I find that China Longyuan Power Group’s ratio of 9.01x is trading slightly below its industry peers’ ratio of 9.37x, which means if you buy China Longyuan Power Group today, you’d be paying a fair price for it. … And if you believe China Longyuan Power Group should be trading in this range, then there isn’t much room for the share price grow beyond where it’s currently trading. … Since China Longyuan Power Group’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy.

Simply Wall St -

Is China Longyuan Power Group Corporation Limited's (HKG:916) Growth Strong Enough To Justify Its May Share Price?

Looking at China Longyuan Power Group Corporation Limited’s (HKG:916) fundamentals some investors are wondering if its last closing price of HK$4.88 represents a good value for money for this high growth stock. … However, to properly examine the value of a high-growth stock such as China Longyuan Power Group, we must reflect its earnings growth into the valuation. … A PE ratio of 8.8x and expected year-on-year earnings growth of 10% give China Longyuan Power Group a low PEG ratio of 0.87x.

Simply Wall St -

Are China Longyuan Power Group Corporation Limited’s (HKG:916) High Returns Really That Great?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Do Analysts Think About China Longyuan Power Group Corporation Limited's (HKG:916) Long Term Outlook?

China Longyuan Power Group Corporation Limited's (HKG:916) most recent earnings update in December 2018a

Simply Wall St -

Is China Longyuan Power Group Corporation Limited’s (HKG:916) Cash Outlook Optimistic?

China Longyuan Power Group Corporation Limited (HKG:916) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … China Longyuan Power Group’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of China Longyuan Power Group’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

What Do Analysts Think About China Longyuan Power Group Corporation Limited's (HKG:916) Growth?

In September 2018, China Longyuan Power Group Corporation Limited (HKG:916) released its earnings update. … the consensus outlook from analysts appear somewhat bearish, … with earnings expected to grow by 2.0% in the upcoming year

Simply Wall St -

Is China Longyuan Power Group Corporation Limited (HKG:916) Potentially Undervalued?

China Longyuan Power Group Corporation Limited (HKG:916), which is in the renewable energy business, and is based in China,. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine China Longyuan Power Group’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

Why You Should Like China Longyuan Power Group Corporation Limited’s (HKG:916) ROCE

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Company Info

Description

China Longyuan Power Group Corporation Limited generates and sells wind and coal power in the People’s Republic of China. It operates in two segments, Wind Power and Coal Power. The company designs, develops, constructs, manages, and operates wind and coal power plants. It also operates other power projects, such as thermal, solar, tidal, biomass, and geothermal solar power. In addition, the company is involved in the coal trading business. Further, it manufactures and sells power equipment, as well as provides consulting, maintenance, and training services to wind and other renewable power generation plants. The company was formerly known as China Longyuan Electric Power Group Corporation and changed its name to China Longyuan Power Group Corporation Limited in July 2009. China Longyuan Power Group Corporation Limited was founded in 1993 and is headquartered in Beijing, the People’s Republic of China. China Longyuan Power Group Corporation Limited is a subsidiary of China Energy Investment Corporation Limited.

Details
Name: China Longyuan Power Group Corporation Limited
916
Exchange: SEHK
Founded: 1993
HK$35,199,383,820
8,036,389,000
Website: http://www.clypg.com.cn
Address: China Longyuan Power Group Corporation Limited
6 Fuchengmen North Street,
Block C,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 916 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 10. Dec 2009
OTCPK CLPX.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 10. Dec 2009
DB 6WX Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 10. Dec 2009
SHSC 916 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 10. Dec 2009
SZSC 916 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 10. Dec 2009
OTCPK CLPX.Y UNSPONSORD ADR Pink Sheets LLC US USD 26. Apr 2010
Number of employees
Current staff
Staff numbers
7,610
China Longyuan Power Group employees.
Industry
Renewable Electricity
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 12:51
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/15
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.