CYPC
company on 1 show · 2 statements across 1 episodes
2 statements about CYPC, every show
China Yangtze Power converts 98% of its cash flow into free cash
“98% of their net free cash flow was Free because they had so little maintenance requirements on maintaining the dams.”
Dam depreciation schedules artificially distort China Yangtze Power's P/E multiple
“CYPC or China Yangtze Power had debt. Well, it should have debt. If there ever was a business on Earth that should have debt, that's it. But likewise, it depreciates its dams over 26 and a half years, but they're going to last over a 150 years, so that's wrong…”