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Datang International Power Generation

SEHK:991
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
991
SEHK
HK$54B
Market Cap
  1. Home
  2. HK
  3. Utilities
Company description

Datang International Power Generation Co., Ltd., together with its subsidiaries, engages in power generation and power plant development in the People’s Republic of China. The last earnings update was 82 days ago. More info.


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991 Share Price and Events
7 Day Returns
0%
SEHK:991
-0.1%
HK Renewable Energy
0.8%
HK Market
1 Year Returns
-17.5%
SEHK:991
-18.2%
HK Renewable Energy
-4.4%
HK Market
991 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Datang International Power Generation (991) 0% -3.6% -12.9% -17.5% -3.1% -51.7%
HK Renewable Energy -0.1% -0.6% -6.3% -18.2% -12.8% -49%
HK Market 0.8% 1.5% -7.4% -4.4% 17.7% 1.6%
1 Year Return vs Industry and Market
  • 991 matched the Renewable Energy industry (-18.2%) over the past year.
  • 991 underperformed the Market in Hong Kong which returned -4.4% over the past year.
Price Volatility
991
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Datang International Power Generation's competitors could be found in our database.

Value

 Is Datang International Power Generation 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 Datang International Power Generation 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 Datang International Power Generation.

SEHK:991 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
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:991
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 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.471 (1 + (1- 25%) (294.58%))
1.343
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.343 * 5.96%)
10.01%

Discounted Cash Flow Calculation for SEHK:991 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Datang International Power Generation 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.

SEHK:991 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.01%)
2020 13,252.06 Analyst x3 12,046.57
2021 17,787.18 Analyst x3 14,698.29
2022 14,083.00 Analyst x1 10,578.76
2023 13,428.00 Analyst x1 9,169.18
2024 13,304.58 Est @ -0.92% 8,258.48
2025 13,298.93 Est @ -0.04% 7,504.05
2026 13,374.89 Est @ 0.57% 6,860.39
2027 13,508.73 Est @ 1% 6,298.73
2028 13,684.53 Est @ 1.3% 5,800.27
2029 13,891.43 Est @ 1.51% 5,352.36
Present value of next 10 years cash flows CN¥86,567.09
SEHK:991 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥13,891.43 × (1 + 2%) ÷ (10.01% – 2%)
CN¥177,033.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥177,033.23 ÷ (1 + 10.01%)10
CN¥68,210.79
SEHK:991 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥86,567.09 + CN¥68,210.79
CN¥154,777.88
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥154,777.88 / 18,506.71
CN¥8.36
SEHK:991 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:991)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥8.36 x 1.135
HK$9.49
Value per share (HKD) From above. HK$9.49
Current discount Discount to share price of HK$1.89
= -1 x (HK$1.89 - HK$9.49) / HK$9.49
80.1%

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

Current Discount
Amount off the current price Datang International Power Generation is available for.
Intrinsic value
>50%
Share price is HK$1.89 vs Future cash flow value of HK$9.49
Current Discount Checks
For Datang International Power Generation to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Datang International Power Generation's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Datang International Power Generation'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 Datang International Power Generation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Datang International Power Generation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:991 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.07
SEHK:991 Share Price ** SEHK (2019-07-19) in HKD HK$1.89
SEHK:991 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.67
Hong Kong Renewable Energy Industry PE Ratio Median Figure of 24 Publicly-Listed Renewable Energy Companies 9.38x
Hong Kong Market PE Ratio Median Figure of 1,511 Publicly-Listed Companies 10.76x

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

** Primary Listing of Datang International Power Generation.

SEHK:991 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:991 Share Price ÷ EPS (both in CNY)

= 1.67 ÷ 0.07

25.27x

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

  • Datang International Power Generation is overvalued based on earnings compared to the HK Renewable Energy industry average.
  • Datang International Power Generation is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Datang International Power Generation's expected growth come at a high price?
Raw Data
SEHK:991 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
29.6%per year
Hong Kong Renewable Energy Industry PEG Ratio Median Figure of 17 Publicly-Listed Renewable Energy Companies 0.65x
Hong Kong Market PEG Ratio Median Figure of 480 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:991 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.27x ÷ 29.6%

0.85x

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

  • Datang International Power Generation is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Datang International Power Generation's assets?
Raw Data
SEHK:991 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥2.73
SEHK:991 Share Price * SEHK (2019-07-19) in HKD HK$1.89
SEHK:991 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.67
Hong Kong Renewable Energy Industry PB Ratio Median Figure of 27 Publicly-Listed Renewable Energy Companies 0.66x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:991 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:991 Share Price ÷ Book Value per Share (both in CNY)

= 1.67 ÷ 2.73

0.61x

* Primary Listing of Datang International Power Generation.

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

  • Datang International Power Generation is good value based on assets compared to the HK Renewable Energy industry average.
X
Value checks
We assess Datang International Power Generation'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. Datang International Power Generation has a total score of 4/6, 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 Datang International Power Generation expected to perform in the next 1 to 3 years based on estimates from 10 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
29.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Datang International Power Generation expected to grow at an attractive rate?
  • Datang International Power Generation's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Datang International Power Generation's earnings growth is expected to exceed the Hong Kong market average.
  • Datang International Power Generation's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:991 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:991 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 29.6%
SEHK:991 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 0.4%
Hong Kong Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
Hong Kong Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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:991 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:991 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 94,525 1
2022-12-31 94,525 1
2021-12-31 98,132 27,919 4,595 6
2020-12-31 97,188 25,071 4,291 10
2019-12-31 95,909 25,064 3,175 9
SEHK:991 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 93,155 19,956 1,278
2018-12-31 93,390 19,314 1,235
2018-09-30 97,350 21,501 1,568
2018-06-30 95,971 20,177 1,818
2018-03-31 91,821 21,862 1,252
2017-12-31 84,185 20,045 1,497
2017-09-30 76,112 17,404 2,058
2017-06-30 69,240 18,282 -3,430
2017-03-31 61,240 20,175 -2,676
2016-12-31 59,124 20,453 -2,623
2016-09-30 60,310 23,034 -3,923
2016-06-30 60,074 21,731 2,458

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Datang International Power Generation's earnings are expected to grow significantly at over 20% yearly.
  • Datang International Power Generation's revenue is expected to grow by 0.4% 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:991 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Datang International Power Generation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:991 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 0.22 0.26 0.14 6.00
2020-12-31 0.22 0.30 0.13 10.00
2019-12-31 0.18 0.19 0.15 6.00
SEHK:991 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.07
2018-12-31 0.07
2018-09-30 0.10
2018-06-30 0.12
2018-03-31 0.09
2017-12-31 0.11
2017-09-30 0.15
2017-06-30 -0.26
2017-03-31 -0.20
2016-12-31 -0.20
2016-09-30 -0.29
2016-06-30 0.18

*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.
  • Datang International Power Generation is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Datang International Power Generation'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.
Datang International Power Generation has a total score of 3/6, 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 Datang International Power Generation 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 Datang International Power Generation'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.
  • Datang International Power Generation's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Datang International Power Generation's 1-year earnings growth exceeds its 5-year average (2% vs -21%)
  • Datang International Power Generation's earnings growth has not exceeded the HK Renewable Energy industry average in the past year (2% vs 2.6%).
Earnings and Revenue History
Datang International Power Generation'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 Datang International Power Generation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:991 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 93,154.53 1,277.78 3,147.65 13.71
2018-12-31 93,389.63 1,234.71 3,130.61 13.22
2018-09-30 97,350.48 1,567.67 3,525.02 13.77
2018-06-30 95,970.98 1,817.74 3,510.60 13.75
2018-03-31 91,820.54 1,252.44 3,488.89 14.22
2017-12-31 84,185.07 1,496.69 3,338.78 14.10
2017-09-30 76,112.36 2,057.91 3,246.94 1.24
2017-06-30 69,239.97 -3,429.65 3,309.19 1.00
2017-03-31 61,240.20 -2,675.71 3,686.27
2016-12-31 59,124.32 -2,623.33 3,973.67
2016-09-30 60,309.83 -3,923.31 4,535.04
2016-06-30 60,074.40 2,458.41 4,820.50
2016-03-31 60,017.20 2,717.08 5,000.50
2015-12-31 61,890.29 2,809.03 4,919.71
2015-09-30 63,964.47 1,721.22 5,027.87
2015-06-30 66,366.20 1,863.18 5,203.59
2015-03-31 67,705.32 1,631.12 5,252.33
2014-12-31 70,194.33 1,798.36 5,454.35
2014-09-30 72,027.19 3,410.50 3,990.76
2014-06-30 73,059.99 3,496.96 4,042.86
2014-03-31 74,326.59 3,405.35 3,734.80
2013-12-31 75,227.46 3,400.79 3,740.01
2013-09-30 76,339.17 5,813.70 3,899.65
2013-06-30 77,731.16 4,758.48 3,383.73
2013-03-31 77,536.75 4,514.75 3,118.32
2012-12-31 77,598.10 3,964.25 2,990.98
2012-09-30 77,394.32 2,506.21 2,840.71

*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.
  • Datang International Power Generation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Datang International Power Generation used its assets less efficiently than the HK Renewable Energy industry average last year based on Return on Assets.
  • Datang International Power Generation's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Datang International Power Generation'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.
Datang International Power Generation has a total score of 1/6, 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 Datang International Power Generation'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 Datang International Power Generation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Datang International Power Generation's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Datang International Power Generation's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Datang International Power Generation'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 Datang International Power Generation Company Filings, last reported 3 months ago.

SEHK:991 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 70,961.74 139,532.73 8,976.59
2018-12-31 70,176.54 173,343.32 11,541.75
2018-09-30 66,219.53 159,319.13 12,205.36
2018-06-30 65,581.60 165,802.10 12,939.94
2018-03-31 74,098.76 143,635.11 22,464.57
2017-12-31 71,828.60 161,777.68 6,484.06
2017-09-30 60,202.78 141,478.50 5,783.46
2017-06-30 59,616.58 139,018.37 4,722.30
2017-03-31 59,256.17 140,642.54 4,037.24
2016-12-31 58,593.77 138,534.74 4,528.37
2016-09-30 57,494.89 130,570.34 4,659.17
2016-06-30 61,372.45 186,062.52 3,689.08
2016-03-31 63,853.83 191,958.54 4,512.86
2015-12-31 63,350.13 188,044.93 5,573.89
2015-09-30 64,902.03 176,201.90 5,485.29
2015-06-30 63,539.17 195,188.42 9,168.72
2015-03-31 64,072.39 180,289.18 8,785.83
2014-12-31 63,107.75 196,565.43 5,288.50
2014-09-30 66,465.51 180,035.21 9,240.98
2014-06-30 63,189.45 192,187.72 8,060.45
2014-03-31 65,608.83 180,212.64 5,988.26
2013-12-31 63,585.30 191,760.42 7,880.84
2013-09-30 63,528.58 170,353.42 9,182.14
2013-06-30 57,316.21 188,897.43 7,382.50
2013-03-31 57,980.60 180,135.92 9,981.51
2012-12-31 56,398.03 183,261.75 4,612.69
2012-09-30 52,047.61 184,920.28 5,324.00
  • Datang International Power Generation's level of debt (196.6%) 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 (289.3% vs 196.6% today).
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Datang International Power Generation'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. Datang International Power Generation 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 Datang International Power Generation'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
6%
Current annual income from Datang International Power Generation dividends. Estimated to be 6.51% next year.
If you bought HK$2,000 of Datang International Power Generation shares you are expected to receive HK$120 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?
  • Datang International Power Generation's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Datang International Power Generation's dividend is above the markets top 25% of dividend payers in Hong Kong (5.71%).
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:991 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 10 Analyst Estimates (S&P Global) See Below
Hong Kong Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 3.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:991 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.11 6.00
2020-12-31 0.11 10.00
2019-12-31 0.10 6.00
SEHK:991 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.100 5.795
2018-08-20 0.090 5.284
2017-10-30 0.000 0.000
2017-08-15 0.000 0.000
2017-04-26 0.000 0.000
2017-03-15 0.000 0.000
2016-07-04 0.170 9.359
2015-05-07 0.130 5.953
2014-07-31 0.119 3.703
2014-03-25 0.120 4.760
2013-08-05 0.100 3.811
2012-03-26 0.110 4.595
2011-07-11 0.070 3.594
2010-08-20 0.070 2.858
2010-04-20 0.070 2.500
2009-05-06 0.110 3.198
2008-08-27 0.120 3.750

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Datang International Power Generation's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Datang International Power Generation's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Datang International Power Generation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Datang International Power Generation 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 Datang International Power Generation'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
Shaowen Zhu
COMPENSATION CN¥0
AGE 54
CEO Bio

Mr. Shaowen Zhu has been a Non- Executive Director of Datang International Power Generation Co., Ltd. since February 26, 2016. Mr. Zhu has been the Manager of Electric Power Department of Tianjin Energy Investment Group Limited Since December 2013. He currently serves as the Manager of Electric Power Department of Tianjin Energy Investment Group Limited. Mr. Zhu previously served as an Engineer and the Deputy Head of Specialty Department at Tianjin Electric Power Science Research Institute, Head of Planning and Design Department of State Grid Tianjin Electric Power Company, Deputy Head of Project Department, Vice-manager (Person-in-Charge) and Manager of Power Development Department and manager of Project Development Department of Tianjin Jinneng Investment Company, General Manager (concurrent) of Tianjin Jinneng Wind Power Co., Ltd. He holds a master’s degree and is a senior engineer with postgraduate qualifications.

CEO Compensation
  • Insufficient data for Shaowen to compare compensation growth.
  • Shaowen's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Datang International Power Generation management team in years:

3.3
Average Tenure
54.5
Average Age
  • The tenure for the Datang International Power Generation management team is about average.
Management Team

Shaowen Zhu

TITLE
Non-Executive Director
AGE
54

Xin Wang

TITLE
GM & Executive Director
COMPENSATION
CN¥972K
AGE
58
TENURE
3.3 yrs

Xuejun Ying

TITLE
Chief Economist
COMPENSATION
CN¥847K
AGE
52
TENURE
4.5 yrs

Jinming Jiang

TITLE
Chief Accountant
AGE
55
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Datang International Power Generation board of directors in years:

3.8
Average Tenure
56
Average Age
  • The tenure for the Datang International Power Generation board of directors is about average.
Board of Directors

Feihu Chen

TITLE
Chairman
AGE
57
TENURE
0.3 yrs

Shaowen Zhu

TITLE
Non-Executive Director
AGE
54
TENURE
3.4 yrs

Xin Wang

TITLE
GM & Executive Director
COMPENSATION
CN¥972K
AGE
58

Sen Wang

TITLE
Vice-Chairman
AGE
56
TENURE
0.3 yrs

Xuejun Ying

TITLE
Chief Economist
COMPENSATION
CN¥847K
AGE
52
TENURE
3.8 yrs

Meiping Yu

TITLE
Chairman of the Supervisory Committee
COMPENSATION
CN¥634K
AGE
56
TENURE
5.8 yrs

Genfu Feng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥137K
AGE
62
TENURE
4.9 yrs

FuXiu Jiang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥137K
AGE
50
TENURE
3.9 yrs

Xiaoxu Zhang

TITLE
Vice Chairman of the Supervisory Committee
AGE
55

Zhongwei Luo

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥137K
AGE
63
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Datang International Power Generation'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. Datang International Power Generation 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

Should We Worry About Datang International Power Generation Co., Ltd.'s (HKG:991) P/E Ratio?

We'll look at Datang International Power Generation Co., Ltd.'s (HKG:991) P/E ratio and reflect on what it tells us about the company's share price. … Check out our latest analysis for Datang International Power Generation How Do I Calculate Datang International Power Generation's Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for Datang International Power Generation: P/E of 26.73 = CN¥1.76 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.066 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

Is There More To Datang International Power Generation Co., Ltd. (HKG:991) Than Its 5.3% Returns On Capital?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Datang International Power Generation: 0.053 = CN¥10b ÷ (CN¥283b - CN¥86b) (Based on the trailing twelve months to March 2019.) So, Datang International Power Generation has an ROCE of 5.3%. … How Datang International Power Generation's Current Liabilities Impact Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Datang International Power Generation has a medium level of current liabilities, which would boost its ROCE somewhat.

Simply Wall St -

How Much Of Datang International Power Generation Co., Ltd. (HKG:991) Do Institutions Own?

If you want to know who really controls Datang International Power Generation Co., Ltd. … Datang International Power Generation has a market capitalization of HK$61b, so it's too big to fly under the radar. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

What Did Datang International Power Generation Co., Ltd.'s (HKG:991) CEO Take Home Last Year?

In 2016 Xin Wang was appointed CEO of Datang International Power Generation Co., Ltd. … See our latest analysis for Datang International Power Generation? … Our data indicates that Datang International Power Generation Co., Ltd.

Simply Wall St -

Despite Its High P/E Ratio, Is Datang International Power Generation Co., Ltd. (HKG:991) Still Undervalued?

We'll look at Datang International Power Generation Co., Ltd.'s (HKG:991) P/E ratio and reflect on what it tells us about the company's share price. … Datang International Power Generation has a price to earnings ratio of 14.85, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Those Who Purchased Datang International Power Generation Shares Five Years Ago Have A 25% Loss To Show For It

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Looking back five years, both Datang International Power Generation's share price and EPS declined; the latter at a rate of 23% per year. … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers)

Simply Wall St -

Is Now The Time To Look At Buying Datang International Power Generation Co., Ltd. (HKG:991)?

Datang International Power Generation Co., Ltd. … 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 Datang International Power Generation’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

An Intrinsic Calculation For Datang International Power Generation Co., Ltd. (HKG:991) Shows It's 39.35% Undervalued

Does the January share price for Datang International Power Generation Co., Ltd. … by taking the expected future cash flows and discounting them to their present value. … If you are reading this and its not January 2019 then I highly recommend you check out the latest calculation for Datang International Power Generation by following the link below

Simply Wall St -

What Type Of Shareholder Owns Datang International Power Generation Co., Ltd.'s (HKG:991)?

Every investor in Datang International Power Generation Co., Ltd. … Datang International Power Generation is a pretty big company. … Check out our latest analysis for Datang International Power Generation

Simply Wall St -

Is Datang International Power Generation Co., Ltd.'s (HKG:991) CEO Being Overpaid?

Xin Wang became the CEO of Datang International Power Generation Co., Ltd. … See our latest analysis for Datang International Power Generation? … At the time of writing our data says that Datang International Power Generation Co., Ltd.

Simply Wall St -

Company Info

Description

Datang International Power Generation Co., Ltd., together with its subsidiaries, engages in power generation and power plant development in the People’s Republic of China. It operates through Power Generation, Coal, and Other segments. The company generates electricity through various sources, such as coal-fired, thermal, hydro, wind, nuclear, solar, and natural gas. As of December 31, 2018, it managed an installed capacity of approximately 62,853.30 MW. The company also engages in heat supply; the import of power related fuel; coal mining and trading; silicon and aluminum smelting; the production and sale of alumina; cargo shipping; the sale of coal ash and integrated application of solid wastes; the repair and testing of power equipment; and the provision of power related technical services. The company was formerly known as Beijing Datang Power Generation Co., Ltd. The company was founded in 1994 and is headquartered in Beijing, the People’s Republic of China. Datang International Power Generation Co., Ltd. is a subsidiary of China Datang Corporation Limited.

Details
Name: Datang International Power Generation Co., Ltd.
991
Exchange: SEHK
Founded: 1994
HK$53,745,783,226
18,506,710,504
Website: http://www.dtpower.com
Address: Datang International Power Generation Co., Ltd.
No. 9, Guangningbo Street,
Xicheng District,
Beijing,
100033,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 991 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 27. Mar 1997
OTCPK DIPG.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 27. Mar 1997
DB BJI Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 27. Mar 1997
SHSC 991 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 27. Mar 1997
SZSC 991 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 27. Mar 1997
OTCPK DIPG.Y SPON ADR REP H Pink Sheets LLC US USD 10. Oct 2003
SHSE 601991 Domestic Shares Shanghai Stock Exchange CN CNY 20. Dec 2006
XSSC 601991 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 20. Dec 2006
Number of employees
Current staff
Staff numbers
33,483
Datang International Power Generation employees.
Industry
Independent Power Producers and Energy Traders
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 12:38
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/04/29
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.