OTCPK:CPWI.F

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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 Analysis

Very undervalued average dividend payer.

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

Stable Share Price: CPWI.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-23.8%

CPWI.F

4.9%

US Renewable Energy

2.5%

US Market


1 Year Return

n/a

CPWI.F

11.6%

US Renewable Energy

16.3%

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 Day-23.8%4.9%2.5%
30 Dayn/a11.1%5.3%
90 Dayn/a18.7%16.3%
1 Yearn/a15.1%11.6%18.8%16.3%
3 Yearn/a47.3%32.3%45.0%35.7%
5 Yearn/a54.7%21.3%75.8%56.8%

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

No news available

Valuation

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

22.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CPWI.F ($0.16) is trading below our estimate of fair value ($0.21)

Significantly Below Fair Value: 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 (10x) compared to the US Renewable Energy industry average (31x).

PE vs Market: CPWI.F is good value based on its PE Ratio (10x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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 (0.4x) compared to the US Renewable Energy industry average (2.1x).


Next Steps

Future Growth

How is China Power International Development forecast to perform in the next 1 to 3 years based on estimates from 6 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 (2.2%).

Earnings vs Market: CPWI.F's earnings (23.6% per year) are forecast to grow faster than the US market (23.1% per year).

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

Revenue vs Market: CPWI.F's revenue (1.7% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: CPWI.F's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CPWI.F's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

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

-30.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CPWI.F has high quality earnings.

Growing Profit Margin: CPWI.F's current net profit margins (4.6%) are lower than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: CPWI.F's earnings have declined by 30.2% per year over the past 5 years.

Accelerating Growth: CPWI.F's earnings growth over the past year (16.9%) exceeds its 5-year average (-30.2% per year).

Earnings vs Industry: CPWI.F earnings growth over the past year (16.9%) exceeded the Renewable Energy industry -21.3%.


Return on Equity

High ROE: CPWI.F's Return on Equity (4.9%) is considered low.


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¥13.0B) do not cover its short term liabilities (CN¥35.5B).

Long Term Liabilities: CPWI.F's short term assets (CN¥13.0B) do not cover its long term liabilities (CN¥59.6B).


Debt to Equity History and Analysis

Debt Level: CPWI.F's debt to equity ratio (164.5%) is considered high.

Reducing Debt: CPWI.F's debt to equity ratio has increased from 162.4% to 164.5% over the past 5 years.

Debt Coverage: CPWI.F's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: CPWI.F's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


Next Steps

Dividend

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

9.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CPWI.F's dividend (9.9%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: CPWI.F's dividend (9.9%) is in the top 25% of dividend payers in the US market (4.36%)


Stability and Growth of Payments

Stable Dividend: CPWI.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: CPWI.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (99.3%), CPWI.F's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CPWI.F's dividends in 3 years are forecast to be covered by earnings (52.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average board tenure


CEO

Jun Tian (54 yo)

no data

Tenure

CN¥1,251,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Jun's total compensation ($USD179.54K) is below average for companies of similar size in the US market ($USD4.53M).

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


Board Members

NamePositionTenureCompensationOwnership
Jun Tian
Executive Chairman & CEOno dataCN¥1.25mno data
Xi He
President & Executive Director0.083yrno datano data
Che Keung Kwong
Independent Non-Executive Director16.42yrsCN¥284.00kno data
Fang Li
Independent Non-Executive Director16.42yrsCN¥284.00kno data
Qihong Guan
Non-Executive Director12.58yrsno datano data
Ka Chi Yau
Independent Non-Executive Director3.67yrsCN¥284.00kno data
Xianchun Wang
Non-Executive Director3.17yrsno datano data

3.7yrs

Average Tenure

58yo

Average Age

Experienced Board: CPWI.F's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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$14.318b
  • Listing Market Cap: HK$1.847b
  • 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 Analysis2020/08/08 23:32
End of Day Share Price2020/08/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.