OTCPK:CPWI.F

Stock Analysis Report

China Power International Development

Executive Summary

China Power International Development Limited, an investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China.

Snowflake

Fundamentals

Very undervalued average dividend payer.


Similar Companies

Share Price & News

How has China Power International Development's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

CPWI.F

-0.2%

US Renewable Energy

1.3%

US Market


1 Year Return

n/a

CPWI.F

15.2%

US Renewable Energy

5.9%

US Market

Return vs Industry: Insufficient data to determine how CPWI.F performed against the US Renewable Energy industry.

Return vs Market: Insufficient data to determine how CPWI.F performed against the US Market.


Shareholder returns

CPWI.FIndustryMarket
7 Day0%-0.2%1.3%
30 Day0%1.5%-1.9%
90 Day0%8.3%-1.8%
1 Yearn/a19.1%15.2%8.3%5.9%
3 Year-25.0%-25.0%63.8%40.2%45.6%36.2%
5 Yearn/a27.5%-1.7%66.1%47.9%

Price Volatility Vs. Market

How volatile is China Power International Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Power International Development undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: CPWI.F ($0.27) is trading below our estimate of fair value ($7.54)

Significantly Undervalued: CPWI.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CPWI.F is good value based on its PE Ratio (9.9x) compared to the Renewable Energy industry average (19.2x).

PE vs Market: CPWI.F is good value based on its PE Ratio (9.9x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: CPWI.F is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: CPWI.F is good value based on its PB Ratio (0.5x) compared to the US Renewable Energy industry average (1.4x).


Next Steps

Future Growth

How is China Power International Development forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

23.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPWI.F's forecast earnings growth (23.6% per year) is above the savings rate (2.7%).

Earnings vs Market: CPWI.F's earnings (23.6% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CPWI.F's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: CPWI.F's revenue is forecast to decline over the next 3 years (-0.2%).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: CPWI.F's Return on Equity is forecast to be low in 3 years time (8.6%).


Next Steps

Past Performance

How has China Power International Development performed over the past 5 years?

-26.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CPWI.F's earnings have declined by -26.6% per year over the past 5 years.

Accelerating Growth: CPWI.F's earnings growth over the past year (50.4%) exceeds its 5-year average (-26.6% per year).

Earnings vs Industry: CPWI.F earnings growth over the past year (50.4%) exceeded the Renewable Energy industry 33.9%.


Return on Equity

High ROE: CPWI.F's Return on Equity (5.7%) is considered low.


Return on Assets

ROA vs Industry: CPWI.F's Return on Assets is below or equal to the Renewable Energy industry average last year.


Return on Capital Employed

ROCE Improving: CPWI.F's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is China Power International Development's financial position?


Financial Position Analysis

Short Term Liabilities: CPWI.F's short term assets (CN¥14.9B) do not cover its short term liabilities (CN¥32.8B)

Long Term Liabilities: CPWI.F's short term assets (14.9B) do not cover its long term liabilities (55.1B)


Debt to Equity History and Analysis

Debt Level: CPWI.F's debt to equity ratio (144.3%) is considered high

Reducing Debt: CPWI.F's debt to equity ratio has reduced from 188.1% to 144.3% over the past 5 years.

Debt Coverage: CPWI.F's debt is not well covered by operating cash flow (6%).

Interest Coverage: CPWI.F's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

Inventory Level: CPWI.F has a high level of physical assets or inventory.

Debt Coverage by Assets: CPWI.F's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is China Power International Development's current dividend yield, its reliability and sustainability?

7.38%

Current Dividend Yield


Dividend Yield vs Market

company7.4%marketbottom25%1.5%markettop25%3.8%industryaverage3.2%forecastin3Years8.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CPWI.F's dividend (7.38%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: CPWI.F's dividend (7.38%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: CPWI.F has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CPWI.F's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.4%), CPWI.F's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CPWI.F's dividends in 3 years are forecast to be covered by earnings (54.1% payout ratio).


Next Steps

Management

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

7.2yrs

Average board tenure


CEO

Jun Tian (53yo)

0yrs

Tenure

CN¥764,000

Compensation

Mr. Jun Tian has been a Non-executive Director at China Power Clean Energy Development Company Ltd since March 27, 2019 and has been its Chairman of the Board since March 27, 2019. Mr. Tian has been Presid ...


CEO Compensation Analysis

Compensation vs. Market: Jun's total compensation ($USD107.27K) is about average for companies of similar size in the US market ($USD4.07M).

Compensation vs Earnings: Jun's compensation has increased by more than 20% in the past year.


Board Age and Tenure

7.2yrs

Average Tenure

57yo

Average Age

Experienced Board: CPWI.F's board of directors are considered experienced (7.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Siu Lan Cheung

    Company Secretary

    • Tenure: 8.7yrs
  • Wei Xu (46yo)

    VP & Chief Legal Advisor

    • Tenure: 0yrs
  • Jun Tian (53yo)

    President

    • Tenure: 0yrs
    • Compensation: CN¥764.00k
  • Lianhui He (49yo)

    Financial Controller

    • Tenure: 0yrs
  • Yufeng Yang (43yo)

    Chief Economist

    • Tenure: 0yrs
  • Xinchun Xue (53yo)

    Chief Engineer

    • Tenure: 0yrs

Board Members

  • Gordon Kwong (70yo)

    Independent Non-Executive Director

    • Tenure: 15.5yrs
    • Compensation: CN¥318.00k
  • Fang Li (57yo)

    Independent Non-Executive Director

    • Tenure: 15.5yrs
    • Compensation: CN¥318.00k
  • Qihong Guan (57yo)

    Non-Executive Director

    • Tenure: 11.7yrs
  • Ka Chi Yau (61yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: CN¥318.00k
  • Jun Tian (53yo)

    President

    • Tenure: 0yrs
    • Compensation: CN¥764.00k
  • Xianchun Wang (57yo)

    Non-Executive Director

    • Tenure: 2.3yrs

Company Information

China Power International Development Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Power International Development Limited
  • Ticker: CPWI.F
  • Exchange: OTCPK
  • Founded: 2004
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: HK$16.083b
  • Listing Market Cap: HK$2.052b
  • Shares outstanding: 9.81b
  • Website: https://www.chinapower.hk

Number of Employees


Location

  • China Power International Development Limited
  • Central Plaza
  • 63rd Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPWI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2004
HPDDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2004
2380SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2004
2380SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDOct 2004
2380SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDOct 2004

Biography

China Power International Development Limited, an investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China. The company operates through  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/30 00:03
End of Day Share Price2019/07/02 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.