China Shenhua Energy Company Limited

SEHK-1088

Basic

Market Cap
HK$845.95B
EV
HK$792.74B
Shares Out
19.87B
Revenue
CN¥343.68B
Employees
83,439

Margins

Gross
35.01%
EBITDA
32.08%
Operating
25.68%
Pre-Tax
24.61%
Net
16.52%
FCF
15.01%

Returns (5Yr Avg)

ROA
8.58%
ROTA
11.96%
ROE
11.73%
ROCE
15.8%
ROIC
14.3%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
HK$38.82
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CN¥158.08B
Net Debt
-CN¥122.55B
Debt/Equity
0.07
EBIT/Interest
165.9

Growth (CAGR)

Rev 3Yr
11.22%
Rev 5Yr
5.89%
Rev 10Yr
1.94%
Dil EPS 3Yr
14.62%
Dil EPS 5Yr
4.87%
Dil EPS 10Yr
2.57%
Rev Fwd 2Yr
-0.28%
EBITDA Fwd 2Yr
-1.57%
EPS Fwd 2Yr
-3.93%
EPS LT Growth Est
-3.54%

Dividends

Yield
—
Payout
79.1%
DPS
CN¥2.26
DPS Growth 3Yr
7.68%
DPS Growth 5Yr
20.76%
DPS Growth 10Yr
9.52%
DPS Growth Fwd 2Yr
-4.22%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						241,871	233,263	335,640	328,978	326,826	327,431
Impairment of Oil, Gas & Mineral Properties	—	—	—	—	—	481	505	—	—	—	—
Other Revenues, Total	—	—	—	—	—	—	—	—	15,555	16,248	16,248
Total Revenues						241,871	233,263	335,640	344,533	343,074	343,679
Total Revenues % Chg.						-8.4%	-3.6%	43.9%	2.6%	-0.4%	-1.1%
Cost of Goods Sold, Total						155,042	151,542	223,577	210,610	220,635	223,342
Gross Profit						86,829	81,721	112,063	133,923	122,439	120,337
Selling General & Admin Expenses, Total						9,628	9,503	9,700	10,108	10,047	10,353
Provision for Bad Debts	—	—	—	—		-28	275	21	1,370	264	246
R&D Expenses	—	—	—			940	1,362	2,499	3,722	3,007	3,039
Impairment of Oil, Gas & Mineral Properties	—	—	—	—	—	481	505	—	—	—	—
Other Operating Expenses						10,467	11,237	16,890	20,022	18,442	18,442
Other Operating Expenses, Total						21,488	22,882	29,110	35,222	31,760	32,080
Operating Income						65,341	58,839	82,953	98,701	90,679	88,257
Interest Expense, Total						-2,899	-1,950	-2,205	-877	-501	-532
Interest And Investment Income						1,170	1,684	2,492	2,420	3,815	3,870
Net Interest Expenses						-1,729	-266	287	1,543	3,314	3,338
Income (Loss) On Equity Invest.						433	947	-874	—	—	536
Currency Exchange Gains (Loss)						-227	71	115	—	—	—
Other Non Operating Income (Expenses)						1,159	-264	-2,855	-2,069	-97	-816
EBT, Excl. Unusual Items						64,977	59,327	79,626	98,175	93,896	91,315
Impairment of Goodwill	—	—		—	—	—	-18	-36	-56	-30	-30
Gain (Loss) On Sale Of Investments		—			—	111	1,181	-60	—	—	—
Gain (Loss) On Sale Of Assets						1,064	-167	337	261	83	83
Asset Writedown						-1,063	-963	-922	-2,833	-2,973	-2,973
Other Unusual Items	—	—	—	—		-167	2	—	700	-3,800	-3,800
EBT, Incl. Unusual Items						64,922	59,362	78,945	96,247	87,176	84,595
Income Tax Expense						15,145	15,378	18,161	14,551	17,578	17,795
Earnings From Continuing Operations						49,777	43,984	60,784	81,696	69,598	66,800
Minority Interest						-8,070	-8,135	-9,362	-12,048	-9,904	-10,023
Net Income						41,707	35,849	51,422	69,648	59,694	56,777
Net Income to Common Incl Extra Items						41,707	35,849	51,422	69,648	59,694	56,777
Net Income to Common Excl. Extra Items						41,707	35,849	51,422	69,648	59,694	56,777
Total Shares Outstanding						19,889.6	19,868.5	19,868.5	19,868.5	19,868.5	19,868.5
Weighted Avg. Shares Outstanding						19,890	19,888	19,869	19,871	19,871.5	19,872.3
Weighted Avg. Shares Outstanding Dil						19,890	19,888	19,869	19,871	19,871.5	19,872.3
EPS						2.1	1.8	2.6	3.5	3	2.9
EPS Diluted						2.1	1.8	2.6	3.5	3	2.9
EBITDA						85,497	77,698	102,611	119,971	112,539	110,264.5
Effective Tax Rate						23.3%	25.9%	23%	15.1%	20.2%	21%