Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Guangdong Baolihua New Energy Stock Co LTD
Physical assets are 52.3% of total assets, a heavy footprint. Capex is 2.65x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. EBITDA after capex covers debt service by -0.10x, which is below 1.
Utilities often turn net PP&E at about 0.3x to 1.0x. This name is at 0.73x.
Physical asset ratio
52.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.73x
Revenue per dollar of the physical asset base.
Capex / D&A
2.65x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
CNY 5.24
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.06x
Price CNY 5.55.
Fixed-charge coverage
-0.10x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.0%
Latest free cash flow divided by current market cap (CNY 12.21B).
ROIC
4.8%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.09x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2017 | 39.2% | 0.37x | 5.51x | CNY 3.82 | -4.98x | -CNY 1.77B | 0.8% | 0.02x |
| 2018 | 51.4% | 0.36x | 4.79x | CNY 3.75 | -2.99x | -CNY 1.34B | 2.9% | 0.06x |
| 2019 | 56.5% | 0.55x | 0.47x | CNY 4.09 | 3.31x | CNY 1.55B | 6.8% | 0.11x |
| 2020 | 50.5% | 0.75x | 0.44x | CNY 4.72 | 3.55x | CNY 3.17B | 14.2% | 0.24x |
| 2021 | 47.0% | 1.06x | 0.37x | CNY 4.84 | 0.97x | CNY 1.15B | 6.4% | 0.11x |
| 2022 | 43.7% | 1.14x | 0.34x | CNY 4.90 | 0.34x | CNY 944.77M | 1.2% | 0.02x |
| 2023 | 44.9% | 1.14x | 2.87x | CNY 5.29 | -0.15x | CNY 24.37M | 6.0% | 0.12x |
| 2024 | 52.3% | 0.73x | 2.65x | CNY 5.24 | -0.10x | CNY 1.11M | 4.8% | 0.09x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2024)
Net PP&E: CNY 10.76B
Inventory: CNY 323.34M
Total assets: CNY 21.20B
Goodwill: CNY 0.00
Intangibles: CNY 648.09M
Liabilities: CNY 8.99B
Tangible book: CNY 11.56B
Shares: 2,204,816,489
Revenue: CNY 7.90B
Capex: CNY 1.68B
D&A: CNY 634.27M
EBITDA: CNY 1.55B
Interest: CNY 160.24M
Short-term debt: CNY 1.13B
Free cash flow: CNY 1.11M
Operating income: CNY 933.35M
Invested capital: CNY 14.73B
Tax rate: 24.0%