These 4 Measures Indicate That Sichuan New Energy Power (SZSE:000155) Is Using Debt Extensively
May 27
Chinese (SSE) Renewable Energy Industry Analysis
UpdatedMay 28, 2024
DataAggregated Company Financials
Companies26
- 7D1.3%
- 3M5.7%
- 1Y5.1%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has risen 1.8%, driven by gains from China Yangtze Power of 2.0%. Meanwhile, Jiangsu New Energy Development actually underperformed within the industry, shrinking 10.0% in the last week. This takes the industry's 12 month performance to a gain of 6.0%. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Chinese Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 May 2024 | CN¥1.3t | CN¥194.9b | CN¥57.5b | 20.4x | 21.9x | 6.5x |
| Thu, 25 Apr 2024 | CN¥1.2t | CN¥188.5b | CN¥56.6b | 19.4x | 21.5x | 6.5x |
| Sat, 23 Mar 2024 | CN¥1.2t | CN¥184.6b | CN¥55.8b | 22.3x | 21.4x | 6.5x |
| Mon, 19 Feb 2024 | CN¥1.2t | CN¥887.1b | CN¥302.3b | 18.7x | 3.8x | 1.3x |
| Wed, 17 Jan 2024 | CN¥1.1t | CN¥162.5b | CN¥49.7b | 23.1x | 22.6x | 6.9x |
| Fri, 15 Dec 2023 | CN¥1.1t | CN¥168.3b | CN¥51.2b | 21.8x | 21.8x | 6.6x |
| Sun, 12 Nov 2023 | CN¥1.1t | CN¥167.1b | CN¥50.6b | 22.5x | 21.4x | 6.5x |
| Tue, 10 Oct 2023 | CN¥1.1t | CN¥132.0b | CN¥37.9b | 26x | 28.7x | 8.2x |
| Thu, 07 Sep 2023 | CN¥1.1t | CN¥151.3b | CN¥44.0b | 25.2x | 24.4x | 7.1x |
| Sat, 05 Aug 2023 | CN¥1.1t | CN¥135.6b | CN¥41.8b | 24.2x | 26.1x | 8.1x |
| Mon, 03 Jul 2023 | CN¥1.1t | CN¥135.6b | CN¥41.9b | 26x | 26.6x | 8.2x |
| Wed, 31 May 2023 | CN¥1.1t | CN¥135.6b | CN¥41.9b | 25.5x | 27.3x | 8.4x |
| Fri, 28 Apr 2023 | CN¥1.1t | CN¥131.3b | CN¥40.7b | 26.8x | 26.8x | 8.3x |
| Sun, 26 Mar 2023 | CN¥1.0t | CN¥148.7b | CN¥46.2b | 23.9x | 22.7x | 7x |
| Tue, 21 Feb 2023 | CN¥1.1t | CN¥148.8b | CN¥46.2b | 24x | 23x | 7.1x |
| Thu, 19 Jan 2023 | CN¥1.0t | CN¥147.7b | CN¥49.9b | 25.8x | 20.4x | 6.9x |
| Sat, 17 Dec 2022 | CN¥1.0t | CN¥147.6b | CN¥49.6b | 25x | 20.3x | 6.8x |
| Mon, 14 Nov 2022 | CN¥998.6b | CN¥147.6b | CN¥49.6b | 26.1x | 20.1x | 6.8x |
| Wed, 12 Oct 2022 | CN¥1.1t | CN¥148.4b | CN¥52.6b | 25.6x | 20.4x | 7.2x |
| Fri, 09 Sep 2022 | CN¥1.1t | CN¥148.4b | CN¥52.6b | 29.7x | 21.6x | 7.7x |
| Sun, 07 Aug 2022 | CN¥1.1t | CN¥141.4b | CN¥49.6b | 30.8x | 22.5x | 7.9x |
| Tue, 05 Jul 2022 | CN¥1.1t | CN¥140.2b | CN¥48.2b | 30.4x | 23.6x | 8.1x |
| Thu, 02 Jun 2022 | CN¥1.1t | CN¥139.9b | CN¥48.2b | 28.3x | 22.8x | 7.9x |
| Sat, 30 Apr 2022 | CN¥1.0t | CN¥138.8b | CN¥47.9b | 26.2x | 21.1x | 7.3x |
| Mon, 28 Mar 2022 | CN¥1.0t | CN¥144.3b | CN¥46.8b | 30.5x | 22x | 7.1x |
| Wed, 23 Feb 2022 | CN¥1.1t | CN¥142.0b | CN¥45.5b | 34.4x | 24.4x | 7.8x |
| Fri, 21 Jan 2022 | CN¥1.1t | CN¥141.3b | CN¥44.8b | 32.9x | 25.2x | 8x |
| Sun, 19 Dec 2021 | CN¥1.2t | CN¥141.3b | CN¥44.8b | 38.1x | 26.2x | 8.3x |
| Tue, 16 Nov 2021 | CN¥1.1t | CN¥141.3b | CN¥44.8b | 32.6x | 23.6x | 7.5x |
| Thu, 14 Oct 2021 | CN¥1.1t | CN¥143.6b | CN¥46.9b | 38.8x | 22.6x | 7.4x |
| Sat, 11 Sep 2021 | CN¥1.0t | CN¥144.2b | CN¥47.1b | 35.1x | 22.1x | 7.2x |
| Mon, 09 Aug 2021 | CN¥929.1b | CN¥143.6b | CN¥46.9b | 27.2x | 19.8x | 6.5x |
Price to Earnings Ratio
18.7x
Current Industry PE
- Investors are relatively neutral on the Chinese Renewable Electricity industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 22.3x.
- The 3-year average PS ratio of 7.1x is higher than the industry's current PS ratio of 6.4x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Renewable Energy compare with similar industries?
| CN Market | -2.34% | |
| Utilities | 1.74% | |
| Renewable Energy | 2.26% | |
| Renewable Energy | 1.32% | |
| Independent Power Producers and Energy Traders | 3.44% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600900 China Yangtze Power | CN¥26.51 | 2.0% +CN¥12.7b | 15.8% | PE23.5x | |
| 600025 Huaneng Lancang River Hydropower | CN¥9.76 | 2.8% +CN¥4.9b | 28.3% | PE22.5x | |
| 600674 Sichuan Chuantou EnergyLtd | CN¥17.57 | 3.2% +CN¥2.7b | 15.7% | PE18.9x | |
| 591 CECEP Solar EnergyLtd | CN¥5.30 | 1.5% +CN¥312.9m | -24.5% | PE13.5x | |
| 601016 CECEP Wind-power CorporationLtd | CN¥3.29 | 1.2% +CN¥259.0m | -15.4% | PE13.8x |
