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China Coal Energy

DB:CVV
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CVV
DB
HK$49B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

China Coal Energy Company Limited primarily mines for, processes, produces, and sells coal in the People’s Republic of China and internationally. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • China Coal Energy has significant price volatility in the past 3 months.
CVV Share Price and Events
7 Day Returns
1.8%
DB:CVV
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-40.5%
DB:CVV
21.9%
DE Oil and Gas
-17.7%
DE Market
CVV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Coal Energy (CVV) 1.8% -17.7% -32.6% -40.5% -50% -55.2%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • CVV underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • CVV underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
CVV
Industry
5yr Volatility vs Market

CVV Value

 Is China Coal Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Coal Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Coal Energy.

DB:CVV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CVV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 25%) (212.51%))
1.734
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.73
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.734 * 6.33%)
10.59%

Discounted Cash Flow Calculation for DB:CVV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Coal Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CVV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.59%)
2020 2,153.25 Analyst x4 1,947.09
2021 6,439.00 Analyst x4 5,265.05
2022 6,859.00 Analyst x3 5,071.51
2023 3,606.00 Analyst x1 2,410.99
2024 2,157.19 Est @ -40.18% 1,304.22
2025 1,547.97 Est @ -28.24% 846.28
2026 1,240.14 Est @ -19.89% 613.08
2027 1,066.06 Est @ -14.04% 476.56
2028 960.06 Est @ -9.94% 388.09
2029 892.11 Est @ -7.08% 326.09
Present value of next 10 years cash flows CN¥18,648.00
DB:CVV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥892.11 × (1 + -0.39%) ÷ (10.59% – -0.39%)
CN¥8,094.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥8,094.73 ÷ (1 + 10.59%)10
CN¥2,958.86
DB:CVV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥18,648.00 + CN¥2,958.86
CN¥21,606.86
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥21,606.86 / 13,258.66
CN¥1.63
DB:CVV Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1898)
1.092
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.63 x 1.092
HK$1.78
Non-primary Listing Adjustment Factor 1 share in DB:CVV represents 0.10995x of SEHK:1898
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10995x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.78 x 0.10995
€0.20
Value per share (EUR) From above. €0.20
Current discount Discount to share price of €0.23
= -1 x (€0.23 - €0.20) / €0.20
-18.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of China Coal Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Coal Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Coal Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CVV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.42
SEHK:1898 Share Price ** SEHK (2020-03-30) in HKD HK$2.11
SEHK:1898 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥1.93
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Coal Energy.

DB:CVV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1898 Share Price ÷ EPS (both in CNY)

= 1.93 ÷ 0.42

4.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Coal Energy is good value based on earnings compared to the Europe Oil and Gas industry average.
  • China Coal Energy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China Coal Energy's expected growth come at a high price?
Raw Data
DB:CVV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
2.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:CVV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.6x ÷ 2.2%

2.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Coal Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on China Coal Energy's assets?
Raw Data
DB:CVV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥7.26
SEHK:1898 Share Price * SEHK (2020-03-30) in HKD HK$2.11
SEHK:1898 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥1.93
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:CVV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1898 Share Price ÷ Book Value per Share (both in CNY)

= 1.93 ÷ 7.26

0.27x

* Primary Listing of China Coal Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Coal Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess China Coal Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. China Coal Energy has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CVV Future Performance

 How is China Coal Energy expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Coal Energy expected to grow at an attractive rate?
  • China Coal Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • China Coal Energy's earnings growth is positive but not above the Germany market average.
  • China Coal Energy's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CVV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CVV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 2.2%
DB:CVV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts -0.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CVV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CVV Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 113,382 18,216 5,549 1
2022-12-31 129,165 22,292 6,131 10
2021-12-31 124,434 18,406 5,558 14
2020-12-31 124,407 19,116 5,620 13
2020-03-30
DB:CVV Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 129,294 21,984 5,626
2019-09-30 121,241 20,554 5,132
2019-06-30 114,854 22,394 4,513
2019-03-31 107,737 23,716 3,584
2018-12-31 104,140 20,414 3,435
2018-09-30 98,673 23,628 4,024
2018-06-30 94,500 20,412 3,192
2018-03-31 89,604 16,144 2,513
2017-12-31 81,513 17,552 2,292
2017-09-30 79,152 16,672 3,466
2017-06-30 71,693 14,490 3,220
2017-03-31 66,016 15,323 3,422

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Coal Energy's earnings are expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
  • China Coal Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CVV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from China Coal Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CVV Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.42 0.42 0.42 1.00
2022-12-31 0.46 0.52 0.35 10.00
2021-12-31 0.42 0.50 0.26 13.00
2020-12-31 0.40 0.47 0.22 14.00
2020-03-30
DB:CVV Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.42
2019-09-30 0.38
2019-06-30 0.34
2019-03-31 0.27
2018-12-31 0.26
2018-09-30 0.30
2018-06-30 0.22
2018-03-31 0.19
2017-12-31 0.17
2017-09-30 0.26
2017-06-30 0.27
2017-03-31 0.26

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Coal Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Coal Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Coal Energy has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CVV Past Performance

  How has China Coal Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Coal Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Coal Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • China Coal Energy's 1-year earnings growth exceeds its 5-year average (63.8% vs 51.7%)
  • China Coal Energy's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (63.8% vs -4.1%).
Earnings and Revenue History
China Coal Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Coal Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CVV Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 129,293.73 5,626.44 17,209.49 289.47
2019-09-30 121,241.23 5,131.72 17,478.12 255.53
2019-06-30 114,854.16 4,512.96 16,360.28 277.64
2019-03-31 107,736.74 3,583.90 15,531.46 231.96
2018-12-31 104,140.07 3,434.58 14,834.92 216.62
2018-09-30 98,672.76 4,023.73 14,398.87 183.91
2018-06-30 94,500.01 3,192.37 14,314.54 124.17
2018-03-31 89,603.53 2,512.55 13,848.67 175.61
2017-12-31 81,512.56 2,291.78 13,887.98 147.78
2017-09-30 79,152.09 3,465.93 13,488.02 81.01
2017-06-30 71,693.47 3,219.94 13,260.63 50.82
2017-03-31 66,016.20 3,421.64 12,831.75
2016-12-31 60,664.11 2,027.59 12,479.49
2016-09-30 55,881.28 39.90 12,803.73
2016-06-30 55,825.11 -938.48 13,984.83
2016-03-31 58,708.54 -2,758.31 15,912.80
2015-12-31 59,270.87 -2,520.09 15,722.04
2015-09-30 63,463.35 -1,558.82 16,199.42
2015-06-30 64,975.81 -884.83 15,661.78
2015-03-31 66,880.18 243.66 15,412.86
2014-12-31 70,663.84 766.68 16,870.13
2014-09-30 74,786.14 1,052.80 17,315.13
2014-06-30 77,352.90 1,520.37 18,447.21
2014-03-31 79,050.07 2,458.51 18,121.52
2013-12-31 82,316.48 3,575.60 18,021.38
2013-09-30 81,836.16 5,516.86 17,404.46
2013-06-30 81,969.86 7,178.62 16,400.47
2013-03-31 85,191.90 8,274.73 16,289.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Coal Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Coal Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • China Coal Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Coal Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Coal Energy has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CVV Health

 How is China Coal Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Coal Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Coal Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Coal Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of China Coal Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Coal Energy Company Filings, last reported 2 months ago.

DB:CVV Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 117,369.08 94,015.77 25,603.85
2019-09-30 119,191.07 99,196.17 31,345.69
2019-06-30 115,797.33 99,095.16 28,943.18
2019-03-31 113,230.26 100,981.64 28,712.19
2018-12-31 110,681.93 97,361.28 23,876.93
2018-09-30 110,707.67 99,506.34 25,813.19
2018-06-30 108,694.41 100,106.41 23,737.26
2018-03-31 108,714.60 91,095.81 15,951.27
2017-12-31 106,404.46 95,969.86 18,836.19
2017-09-30 106,081.28 92,862.59 19,229.70
2017-06-30 104,575.19 95,454.49 17,884.62
2017-03-31 104,053.48 93,112.40 17,452.27
2016-12-31 101,987.73 95,132.19 15,346.59
2016-09-30 100,805.41 92,632.16 13,877.56
2016-06-30 100,393.90 110,987.85 29,292.67
2016-03-31 99,748.89 110,419.71 27,383.22
2015-12-31 100,017.20 113,026.19 32,242.25
2015-09-30 101,212.05 114,257.79 34,163.42
2015-06-30 101,549.81 115,577.97 38,104.51
2015-03-31 102,786.00 98,604.13 21,461.61
2014-12-31 102,704.96 95,207.91 26,573.61
2014-09-30 103,252.13 91,815.17 27,073.98
2014-06-30 103,205.20 84,473.26 24,857.87
2014-03-31 103,829.13 75,331.21 19,132.91
2013-12-31 102,672.25 69,963.02 21,119.15
2013-09-30 102,426.10 67,709.88 24,948.85
2013-06-30 101,883.37 52,933.00 19,118.63
2013-03-31 103,050.53 50,466.05 23,035.25
  • China Coal Energy's level of debt (80%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (92.7% vs 80% today).
  • Debt is well covered by operating cash flow (23.4%, greater than 20% of total debt).
  • China Coal Energy earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Coal Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Coal Energy has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CVV Dividends

 What is China Coal Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.04%
Current annual income from China Coal Energy dividends. Estimated to be 5.86% next year.
If you bought €2,000 of China Coal Energy shares you are expected to receive €81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • China Coal Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • China Coal Energy's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CVV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CVV Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.13 1.00
2022-12-31 0.12 8.00
2021-12-31 0.11 13.00
2020-12-31 0.11 15.00
2020-03-30
DB:CVV Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.078 2.946
2018-03-20 0.055 1.954
2017-05-11 0.039 1.247
2016-10-28 0.000 0.000
2016-08-24 0.000 0.000
2016-04-27 0.000 0.000
2015-06-16 0.024 0.878
2014-05-13 0.081 2.229
2013-05-13 0.210 5.951
2012-05-25 0.215 3.682
2011-08-16 0.156 2.122
2011-04-27 0.156 1.826
2011-03-22 0.156 1.757
2010-08-16 0.150 1.440
2010-04-23 0.150 1.594
2010-04-22 0.150 1.423

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of China Coal Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess China Coal Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Coal Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Coal Energy has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CVV Management

 What is the CEO of China Coal Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jin Pu
COMPENSATION CN¥905,100
AGE 59
TENURE AS CEO 0.3 years
CEO Bio

Mr. Jin Pu serves as the President of China Coal Energy Company Limited since November 27, 2019 and served as its Vice President until November 27, 2019. Mr. Pu also serves as Executive Director and General Manager of China National Coal Mining Equipment Co., Ltd., Vice-president of China National Coal Machinery Industry Association, Executive Director of China Coal Society, Deputy Director of Machinery and Electrical Experts Committee of Coal Industry Technology Committee, Deputy Director of National Coal Industry “653” Steering Committee. He is a Professorate Senior Engineer, a National Senior Professional Manager and a Senior Professional Manager in the coal industry and he is entitled to special government allowance granted by the State Council. He served as Assistant to the General Manager and Deputy General Manager of automatic engineering division and overseas operations division of China National General Machinery Engineering Corp. under the Ministry of Machinery Industry, General Manager of China Coal Shenzhen Company, General Manager of China Coal Southern Energy Resources Co., Ltd. and Chairman of China National Coal Mining Equipment Group Corp. Mr. Pu has extensive experience in enterprise management as well as solid theoretical experience in coal mining machinery. He graduated from the China University of Mining and Technology in 1998, majoring in engineering with a master degree in engineering and he obtained a doctoral degree in management studies from the School of Management Science and Engineering of Tongji University in 2003.

CEO Compensation
  • Jin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jin's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the China Coal Energy management team in years:

1
Average Tenure
57
Average Age
  • The average tenure for the China Coal Energy management team is less than 2 years, this suggests a new team.
Management Team

Yanjiang Li

TITLE
Executive Chairman of the Board
AGE
62

Jin Pu

TITLE
Interim President
COMPENSATION
CN¥905K
AGE
59
TENURE
0.3 yrs

Yi Peng

TITLE
Executive Vice Chairman of the Board
AGE
57

Qiaolin Chai

TITLE
CFO & Manager of Finance Department
COMPENSATION
CN¥704K
AGE
51
TENURE
3.2 yrs

Baohou Yi

TITLE
Company Secretary & Secretary to the Board
AGE
56
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the China Coal Energy board of directors in years:

2.9
Average Tenure
57.5
Average Age
  • The average tenure for the China Coal Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yi Peng

TITLE
Executive Vice Chairman of the Board
AGE
57
TENURE
3 yrs

Ke Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
66
TENURE
4.8 yrs

Yanjiang Li

TITLE
Executive Chairman of the Board
AGE
62
TENURE
4.4 yrs

Chengjie Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
66
TENURE
2.8 yrs

Chong Shun Leung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
54
TENURE
2.8 yrs

Ji'an Du

TITLE
Non-Executive Director
AGE
58
TENURE
2.8 yrs

Rongzhe Zhao

TITLE
Non-Executive Director
AGE
54
TENURE
1.4 yrs

Qian Xu

TITLE
Non-Executive Director
AGE
39
TENURE
1.4 yrs

Litao Zhou

TITLE
Shareholder Representative Supervisor
AGE
59
TENURE
4.8 yrs

Shaoping Zhang

TITLE
Employee Representative Supervisor
COMPENSATION
CN¥615K
AGE
55
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess China Coal Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Coal Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CVV News

Simply Wall St News

CVV Company Info

Description

China Coal Energy Company Limited primarily mines for, processes, produces, and sells coal in the People’s Republic of China and internationally. It operates through Coal, Coal-Chemical, Mining Machinery, and Finance segments. The company offers thermal and coking coal. It also produces and sells polyolefin, methanol, urea, and other coal chemical products, as well as coke; researches, designs, develops, manufactures, and sells coal mining machinery and equipment; and provides after-sales services. In addition, the company is involved in aluminum, electricity generation, and other manufacturing businesses. Further, it provides equipment trading agency, tendering, investment management, finance, and waste disposal services. The company was founded in 2006 and is based in Beijing, the People’s Republic of China. China Coal Energy Company Limited is a subsidiary of China National Coal Group Corporation.

Details
Name: China Coal Energy Company Limited
CVV
Exchange: DB
Founded: 2006
HK$5,649,120,586
13,258,663,400
Website: http://www.chinacoalenergy.com
Address: China Coal Energy Company Limited
No. 1 Huangsidajie,
Chaoyang District,
Beijing,
100120,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1898 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 19. Dec 2006
OTCPK CCOZ.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 19. Dec 2006
DB CVV Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 19. Dec 2006
SHSC 1898 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 19. Dec 2006
SZSC 1898 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Dec 2006
OTCPK CCOZ.Y ADR Pink Sheets LLC US USD 08. Apr 2008
SHSE 601898 Domestic Shares Shanghai Stock Exchange CN CNY 01. Feb 2008
XSSC 601898 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 01. Feb 2008
Number of employees
Current staff
Staff numbers
42,194
China Coal Energy employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:36
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.