Sichuan Energy Investment Development Co., Ltd. (1713.HK)

Industry: Renewable Utilities Sector: Utilities Currency Used: CN Live Price: $2.45

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Stock Price	1.95	1.50	1.40	1.38	1.55	1.57	1.52	1.51	1.55	1.44
Market Capitalization	2,093.72M	1,612.95M	1,502.93M	1,485.71M	1,666.62M	1,679.49M	1,230.09M	1,212.18M	1,248.39M	1,160.68M
(-) Cash & Equivalents	552.99M	556.48M	630.24M	472.10M	626.73M	583.56M	626.73M	197.91M	118.52M	171.40M
(+) Total Debt	680.30M	561.18M	304.02M	303.96M	502.07M	674.09M	844.71M	446.60M	595.39M	506.49M
Enterprise Value	2,221.03M	1,617.65M	1,176.71M	1,317.58M	1,541.96M	1,770.02M	1,448.07M	1,460.88M	1,725.27M	1,495.77M

Income Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Revenue	9,614M	6,751M	4,776M	4,160M	3,313M	3,172M	3,025M	2,473M	2,031M	1,853M	1,692M	1,615M
Cost of Revenue	8,067M	5,639M	3,979M	3,484M	2,741M	2,620M	2,478M	2,030M	1,657M	1,531M	1,364M	1,284M
Gross Profit	1,547M	1,112M	797M	676M	572M	552M	547M	442M	374M	322M	328M	331M
Gross Profit Margin	16.1%	16.5%	16.7%	16.2%	17.3%	17.4%	18.1%	17.9%	18.4%	17.4%	19.4%	20.5%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	583M	428M	301M	263M	213M	211M	221M	212M	182M	180M	162M	151M
Operating Expenses	653M	425M	336M	273M	220M	240M	248M	207M	173M	171M	150M	140M
Operating Income (EBIT)	894M	687M	461M	403M	352M	312M	299M	236M	200M	151M	178M	191M
Operating Income Margin	9.3%	10.2%	9.6%	9.7%	10.6%	9.8%	9.9%	9.5%	9.9%	8.2%	10.5%	11.8%
Interest Income	1M	31M	4M	3M	6M	6M	8M	11M	1M	1M	4M	17M
Interest Expense	18M	0M	16M	15M	10M	12M	19M	31M	36M	41M	51M	71M
Net Interest Income	-17M	31M	-13M	-12M	-4M	-6M	-11M	-20M	-34M	-40M	-46M	-54M
Unusual Items	20M	-44M	19M	18M	13M	16M	18M	0M	32M	32M	4M	-18M
EBT Excluding Unusual Items	878M	718M	448M	391M	348M	305M	288M	216M	166M	111M	132M	137M
Pre-Tax Income	898M	674M	467M	409M	362M	321M	306M	216M	198M	144M	136M	119M
Pre-Tax Margin	9.3%	10.0%	9.8%	9.8%	10.9%	10.1%	10.1%	8.7%	9.8%	7.7%	8.0%	7.3%
Income Tax Expense	137M	110M	66M	67M	59M	50M	49M	38M	29M	19M	18M	14M
Net Income	756M	561M	400M	339M	301M	270M	256M	176M	169M	125M	117M	98M
Net Income Margin	7.9%	8.3%	8.4%	8.1%	9.1%	8.5%	8.5%	7.1%	8.3%	6.8%	6.9%	6.1%
Depreciation & Amortization	404M	321M	189M	194M	163M	151M	139M	147M	142M	138M	130M	126M
EBITDA	1,299M	1,008M	650M	597M	516M	463M	438M	383M	342M	289M	309M	316M
EBITDA Margin	13.5%	14.9%	13.6%	14.4%	15.6%	14.6%	14.5%	15.5%	16.9%	15.6%	18.2%	19.6%
NOPAT	757M	574M	396M	337M	295M	263M	252M	194M	171M	132M	155M	169M
NOPAT Margin	7.9%	8.5%	8.3%	8.1%	8.9%	8.3%	8.3%	7.8%	8.4%	7.1%	9.1%	10.4%
Owner's Earnings	-849M	-499M	-174M	-578M	-210M	97M	108M	142M	194M	165M	135M	116M
Owner's Earnings Margin	-8.8%	-7.4%	-3.6%	-13.9%	-6.3%	3.1%	3.6%	5.7%	9.6%	8.9%	8.0%	7.2%
EPS (Basic)	0.71	0.52	0.37	0.32	0.28	0.25	0.24	0.16	0.21	0.16	0.14	0.12
EPS (Diluted)	0.70	0.52	0.37	0.32	0.28	0.25	0.24	0.16	0.21	0.16	0.14	0.12
Shares (Basic)	1,074M	1,077M	1,074M	1,074M	1,074M	1,074M	1,074M	1,074M	808M	806M	806M	806M
Shares (Diluted)	1,074M	1,074M	1,074M	1,074M	1,074M	1,074M	1,074M	1,074M	808M	806M	806M	806M

Balance Sheet

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Cash & Cash Equivalents	622.72M	569.90M	569.90M	490.24M	770.09M	589.98M	504.80M	780.50M	797.97M	395.81M	237.03M	514.20M
Short-Term Investments	0.00M	0.00M	0.00M	10.02M	0.00M	0.00M	160.00M	0.00M	0.00M	0.00M	265.28M	210.39M
Cash & Short-Term Investments	622.72M	569.90M	569.90M	500.26M	770.09M	589.98M	664.80M	780.50M	797.97M	395.81M	502.31M	724.59M
Net Receivables	1,000.96M	1,169.97M	1,169.97M	811.20M	437.74M	468.01M	423.00M	359.84M	270.95M	234.37M	195.93M	183.46M
Inventory	55.75M	64.63M	64.63M	96.13M	87.89M	70.28M	64.19M	56.85M	56.00M	32.13M	33.45M	25.52M
Other Current Assets	243.21M	199.56M	199.56M	155.10M	76.91M	41.32M	49.91M	63.47M	81.99M	103.86M	252.90M	391.58M
Total Current Assets	1,922.64M	2,004.06M	2,004.06M	1,562.70M	1,372.63M	1,169.58M	1,201.89M	1,260.66M	1,206.92M	766.17M	984.59M	1,325.14M
Property, Plant & Equipment	4,879.42M	4,721.14M	4,721.14M	4,172.39M	3,341.66M	2,906.03M	2,757.78M	2,797.57M	2,764.03M	2,797.01M	2,831.37M	2,900.96M
Goodwill	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	216.66M	210.72M	210.72M	156.30M	149.47M	128.13M	128.01M	4.75M	4.44M	5.28M	5.21M	4.59M
Long-Term Investments	343.84M	350.73M	350.73M	369.43M	243.14M	382.89M	369.22M	380.17M	375.31M	327.86M	-80.46M	-23.08M
Tax Assets	0.00M	0.00M	0.00M	55.29M	37.61M	41.48M	33.66M	31.86M	30.50M	30.44M	28.91M	27.30M
Other Non-Current Assets	78.34M	74.90M	74.90M	8.43M	-37.61M	-41.48M	-33.66M	-31.86M	0.00M	0.00M	265.28M	210.39M
Other Assets	0.00M	0.00M	0.00M	0.00M	40.92M	44.59M	34.66M	31.86M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	5,518.26M	5,357.49M	5,357.49M	4,761.84M	3,775.18M	3,461.64M	3,289.67M	3,214.34M	3,174.28M	3,160.59M	3,050.31M	3,120.15M
Total Assets	7,440.90M	7,361.55M	7,361.55M	6,324.53M	5,147.81M	4,631.22M	4,491.56M	4,475.00M	4,381.19M	3,926.77M	4,034.90M	4,445.29M
Accounts Payable	932.13M	747.73M	747.73M	866.12M	598.92M	81.43M	80.34M	486.19M	386.48M	335.27M	235.77M	136.68M
Short-Term Debt	489.35M	135.19M	135.19M	300.00M	312.87M	312.87M	381.49M	445.78M	66.43M	764.21M	933.23M	1,470.80M
Tax Payables	0.00M	85.71M	85.71M	72.10M	58.45M	60.01M	50.34M	60.71M	21.79M	18.46M	18.16M	21.66M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	-300.00M	-300.00M	0.00M	-448.07M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	736.65M	1,165.44M	1,165.44M	439.19M	402.70M	858.35M	557.18M	661.25M	372.69M	315.54M	281.73M	297.49M
Total Current Liabilities	2,158.13M	2,134.07M	2,134.07M	1,677.40M	1,072.93M	1,012.65M	1,069.35M	1,205.86M	847.40M	1,433.48M	1,468.88M	1,926.63M
Long-Term Debt	476.77M	557.44M	557.44M	323.50M	0.00M	0.00M	0.00M	146.00M	697.91M	129.00M	257.55M	48.67M
Capital Lease Obligations	4.28M	5.85M	5.85M	3.56M	4.16M	4.26M	3.56M	7.41M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	13.36M	14.74M	16.49M	17.66M	19.16M	20.00M	18.89M	16.71M	19.11M	20.77M
Other Non-Current Liabilities	996.29M	889.04M	721.71M	545.98M	293.97M	37.39M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	1,477.34M	1,452.33M	1,298.36M	887.77M	314.63M	59.31M	22.71M	173.40M	716.80M	145.71M	276.66M	69.44M
Total Liabilities	3,635.47M	3,586.39M	3,432.42M	2,565.18M	1,387.56M	1,071.96M	1,092.07M	1,379.26M	1,564.20M	1,579.18M	1,745.54M	1,996.07M
Preferred Stock	0.00M	0.00M	0.00M	176.37M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	1,074.36M	1,074.36M	1,074.36M	1,074.36M	1,074.36M	1,074.36M	1,074.36M	1,074.36M	1,074.36M	805.56M	805.56M	805.56M
Retained Earnings	1,463.43M	1,458.81M	1,458.81M	1,199.49M	991.56M	823.85M	683.77M	522.25M	437.32M	332.61M	271.75M	219.59M
Accumulated OCI	1,081.45M	1,081.45M	1,081.45M	878.02M	878.02M	878.02M	878.02M	1,081.45M	-1,415.98M	-1,279.63M	-1,138.04M	-1,018.20M
Minority Interest	71.15M	70.50M	70.50M	48.54M	37.85M	16.24M	14.88M	13.98M	5.52M	5.29M	2.99M	128.12M
Total Shareholders’ Equity	3,619.23M	3,614.62M	3,614.62M	3,328.24M	2,943.94M	2,776.23M	2,636.15M	2,678.05M	95.70M	-141.46M	-60.73M	6.94M
Total Equity	3,690.39M	3,685.12M	3,685.12M	3,376.78M	2,981.79M	2,792.47M	2,651.03M	2,692.03M	101.21M	-136.17M	-57.74M	135.06M
Total Liabilities & Equity	7,325.86M	7,271.51M	7,117.54M	5,941.96M	4,369.35M	3,864.43M	3,743.10M	4,071.29M	1,665.41M	1,443.01M	1,687.81M	2,131.13M
Tangible Assets	7,224.24M	7,150.83M	7,150.83M	6,168.23M	4,998.34M	4,503.10M	4,363.55M	4,470.25M	4,376.76M	3,921.49M	4,029.69M	4,440.70M
Tangible Equity	3,473.73M	3,474.39M	3,474.39M	3,220.48M	2,832.32M	2,664.34M	2,523.02M	2,687.28M	96.78M	-141.45M	-62.95M	130.47M
Tangible Book Value	3,473.73M	3,474.39M	3,474.39M	3,220.48M	2,832.32M	2,664.34M	2,523.02M	2,687.28M	96.78M	-141.45M	-62.95M	130.47M
Total Investments	343.84M	350.73M	350.73M	379.46M	243.14M	382.89M	529.22M	380.17M	375.31M	327.86M	184.82M	187.30M
Net Debt	343.40M	122.73M	122.73M	133.26M	-457.22M	-277.11M	-123.31M	-188.72M	-33.63M	497.39M	953.75M	1,005.27M

Capital Metrics

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Working Capital	-350.5M	-221.9M	-221.9M	-344.0M	-138.7M	-263.0M	-263.3M	-202.2M	297.8M	-738.3M	-553.9M	-678.0M
Total Capital	4,589.6M	4,313.1M	4,313.1M	3,982.4M	3,465.7M	3,297.2M	3,226.5M	3,277.2M	3,357.5M	3,004.7M	3,241.4M	3,589.7M
Capital Employed	5,167.7M	5,135.6M	5,135.6M	4,417.8M	3,636.4M	3,198.7M	3,026.4M	3,012.1M	3,472.1M	2,422.3M	2,496.4M	2,442.1M
Invested Capital	3,966.9M	3,743.2M	3,743.2M	3,492.1M	2,695.6M	2,707.3M	2,721.7M	2,496.7M	2,559.5M	2,608.9M	3,004.4M	3,075.5M

Cash Flow Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Net Income	755.97M	561.17M	401.25M	342.00M	301.44M	269.56M	256.03M	176.25M	198.12M	143.55M	136.08M	118.64M
Depreciation & Amortization	337.91M	412.31M	241.36M	194.12M	165.11M	154.06M	141.59M	143.19M	141.83M	137.63M	130.12M	125.57M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-1,030.64M	-124.43M	-79.16M	73.69M	-51.97M	-72.46M	-85.59M	-88.75M	-23.28M	111.98M	150.07M	-45.01M
Accounts Receivable	-1,053.90M	-100.73M	-581.93M	-471.97M	-34.36M	-66.37M	-78.18M	-87.90M	-84.06M	-33.20M	-4.98M	-83.04M
Inventory	23.26M	-23.70M	31.50M	-8.24M	-17.61M	-6.09M	-7.41M	-0.84M	-23.87M	1.32M	-7.94M	-3.26M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	84.06M	33.20M	4.98M	83.04M
Other Working Capital	0.00M	0.00M	471.27M	553.90M	0.00M	0.00M	0.00M	0.00M	0.60M	143.87M	162.98M	41.29M
Other Non-Cash Items	1,201.52M	175.07M	39.44M	12.49M	146.78M	64.53M	164.27M	227.42M	-1.05M	-8.43M	14.15M	47.77M
Net Cash from Operating Activities	1,264.76M	1,024.12M	602.89M	622.30M	561.35M	415.69M	476.30M	458.11M	315.62M	384.74M	430.41M	246.97M
Capital Expenditures (PPE)	-1,461.36M	-1,380.97M	-763.26M	-1,111.26M	-674.79M	-324.08M	-286.86M	-181.42M	-116.72M	-97.74M	-112.01M	-108.04M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	-129.27M	-169.54M	132.04M	7.98M	10.45M	28.97M	0.00M	0.00M
Purchases of Investments	0.00M	0.00M	-75.00M	-115.20M	-501.00M	-338.00M	-1,154.00M	-2,931.18M	-4,844.00M	-2,478.00M	-735.00M	-515.44M
Sales / Maturities of Investments	0.00M	0.00M	76.97M	5.10M	630.27M	507.54M	1,021.96M	2,923.20M	4,855.10M	2,651.87M	684.79M	301.91M
Other Investing Activities	-495.26M	211.34M	2.18M	26.77M	133.31M	180.64M	-139.79M	3.57M	7.53M	3.01M	122.33M	111.28M
Net Cash from Investing Activities	-1,956.62M	-1,169.64M	-759.11M	-1,194.58M	-541.48M	-143.44M	-426.64M	-177.85M	-87.63M	108.11M	-39.89M	-210.29M
Net Debt Issuance	570.62M	199.74M	185.26M	194.50M	-1.19M	-80.42M	-200.45M	-174.16M	171.61M	-232.34M	-108.65M	-193.78M
Long-Term Debt Issuance	570.62M	199.74M	185.26M	194.50M	-1.19M	-80.42M	-200.45M	-172.56M	171.61M	-232.34M	-108.65M	-193.78M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.60M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	403.91M	0.00M	0.00M	0.00M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-312.63M	-282.01M	-156.86M	-146.24M	-140.45M	-141.20M	-126.09M	-91.32M	-64.45M	-32.89M	-76.21M	-40.26M
Common Dividends Paid	-312.63M	-282.01M	-156.86M	-146.24M	-140.45M	-141.20M	-125.82M	-91.32M	-64.45M	-32.89M	-76.21M	-40.26M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.27M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	430.78M	488.35M	192.17M	256.27M	295.36M	33.08M	-2.66M	-23.97M	367.49M	-39.08M	-262.80M	-88.38M
Net Cash from Financing Activities	688.78M	406.08M	220.57M	304.53M	153.72M	-188.53M	-329.20M	-289.45M	474.65M	-304.31M	-447.66M	-322.43M
Effect of FX on Cash	-0.72M	1,353.80M	-0.72M	0.10M	0.31M	-0.54M	-0.15M	-8.29M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	606.72M	1,614.37M	63.64M	-267.65M	173.91M	83.18M	-279.70M	-17.47M	702.63M	188.54M	-57.14M	-285.75M
Cash at Beginning of Period	1,132.79M	834.62M	490.24M	757.89M	583.98M	500.80M	780.50M	797.97M	95.34M	-93.20M	-36.07M	249.69M
Cash at End of Period	1,739.51M	2,448.98M	553.88M	490.24M	757.89M	583.98M	500.80M	780.50M	797.97M	95.34M	-93.20M	-36.07M
Operating Cash Flow	1,264.76M	1,024.12M	602.89M	622.30M	561.35M	415.69M	476.30M	458.11M	315.62M	384.74M	430.41M	246.97M
Capital Expenditure	-2,009.50M	-1,380.97M	-763.26M	-1,111.26M	-674.79M	-324.08M	-286.86M	-181.42M	-116.72M	-97.74M	-112.01M	-108.04M
Free Cash Flow	-744.74M	-356.86M	-160.36M	-488.96M	-113.43M	91.61M	189.44M	276.69M	198.90M	287.00M	318.40M	138.93M

Free Cash Flow

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
EBITDA	1,368.28M	1,004.64M	685.01M	607.33M	522.21M	492.56M	465.61M	377.74M	334.12M	280.36M	296.51M	305.59M
(-) Tax Adjustment	209.50M	164.54M	96.13M	99.72M	85.21M	77.10M	73.87M	67.28M	48.48M	36.45M	39.79M	35.39M
(-) Change In Working Capital	-1,030.64M	-124.43M	-79.16M	73.69M	-51.97M	-72.46M	-85.59M	-88.75M	-23.28M	111.98M	150.07M	-45.01M
(-) Capital Expenditure	-2,009.50M	-1,380.97M	-763.26M	-1,111.26M	-674.79M	-324.08M	-286.86M	-181.42M	-116.72M	-97.74M	-112.01M	-108.04M
Unlevered Free Cash Flow	179.93M	-416.44M	-95.22M	-677.35M	-185.82M	163.84M	190.47M	217.78M	192.20M	34.18M	-5.35M	207.17M
(-) Net Interest Income After Taxes	-14.16M	25.97M	-10.76M	-9.94M	-3.35M	-5.36M	-9.22M	-16.42M	-29.28M	-34.71M	-40.25M	-47.63M
Net Debt Issuance	570.62M	199.74M	185.26M	194.50M	-1.19M	-80.42M	-200.45M	-174.16M	171.61M	-232.34M	-108.65M	-193.78M
Levered Free Cash Flow	764.71M	-242.67M	100.80M	-472.90M	-183.67M	88.78M	-0.76M	60.05M	393.09M	-163.45M	-73.76M	61.02M