Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Ps Multiple | 2.8x - 3.1x | 2.9x |
| Selected Fwd Ps Multiple | 2.6x - 2.9x | 2.8x |
| Fair Value | ¥13.02 - ¥14.39 | ¥13.70 |
| Upside | -21.8% - -13.6% | -17.7% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Heilongjiang Transport Development Co., Ltd. | 60,118,800.0% | SHSE:601188 |
| Xiamen Port Development Co., Ltd. | 90,500.0% | SZSE:000905 |
| Jiangsu Lianyungang Port Co., Ltd. | 60,100,800.0% | SHSE:601008 |
| Jilin Expressway Co., Ltd. | 60,151,800.0% | SHSE:601518 |
| Henan Zhongyuan Expressway Company Limited | 60,002,000.0% | SHSE:600020 |
| Anhui Expressway Company Limited | 60,001,200.0% | SHSE:600012 |
| Select Price / LTM Sales Ratio | ||||||||
| Benchmark Companies | ||||||||
| 601188 | 905 | 601008 | 601518 | 600020 | 600012 | |||
| SHSE:601188 | SZSE:000905 | SHSE:601008 | SHSE:601518 | SHSE:600020 | SHSE:600012 | |||
| Historical Sales Growth | ||||||||
| 5Y CAGR | -1.4% | 9.4% | 13.7% | 11.2% | 1.9% | 17.5% | ||
| 3Y CAGR | 5.2% | -2.1% | 15.9% | 19.4% | 4.0% | 31.2% | ||
| Latest Twelve Months | 4.7% | -3.4% | -5.3% | -12.0% | 34.6% | 31.7% | ||
| Historical Net Income Profit Margin | ||||||||
| 5 Year Average Margin | 32.9% | 1.3% | 8.3% | 26.6% | 10.9% | 30.3% | ||
| Prior Fiscal Year | 28.3% | 1.0% | 6.4% | 27.0% | 0.6% | 27.8% | ||
| Latest Fiscal Year | 21.0% | 0.9% | 7.5% | 37.8% | 12.5% | 25.0% | ||
| Latest Twelve Months | 18.7% | 0.9% | 7.4% | 39.5% | 9.5% | 20.9% | ||
| Current Trading Multiples | ||||||||
| EV / LTM EBITDA | 10.8x | 10.9x | 9.5x | 4.1x | 12.2x | 9.0x | ||
| Price / LTM Sales | 7.4x | 0.2x | 1.9x | 3.9x | 1.5x | 3.4x | ||
| LTM P/E Ratio | 39.4x | 28.3x | 25.5x | 9.8x | 15.9x | 16.1x | ||
| Low | Mid | High | ||||||
| Benchmark LTM P/S Ratio | 0.2x | 1.9x | 7.4x | |||||
| Historical LTM P/S Ratio | 2.3x | 2.9x | 3.7x | |||||
| Selected Price / Sales Multiple | 2.8x | 2.9x | 3.1x | |||||
| (x) LTM Sales | 7,331 | 7,331 | 7,331 | |||||
| (=) Equity Value | 20,525 | 21,605 | 22,685 | |||||
| (/) Shares Outstanding | 1,472.6 | 1,472.6 | 1,472.6 | |||||
| Implied Value Range | 13.94 | 14.67 | 15.40 | |||||
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 13.94 | 14.67 | 15.40 | 16.64 | ||||
| Upside / (Downside) | -16.2% | -11.8% | -7.4% | |||||
| Equity Value | |||||||
| Benchmark Companies | |||||||
| (in millions) | 601188 | 905 | 601008 | 601518 | 600020 | 600012 | |
| Value of Common Equity | 4,399 | 5,690 | 4,851 | 5,312 | 9,933 | 24,505 | |
| (/) Shares Outstanding | 1,305.5 | 741.8 | 1,240.6 | 1,890.6 | 2,247.4 | 1,472.6 | |
| Implied Stock Price | 3.37 | 7.67 | 3.91 | 2.81 | 4.42 | 16.64 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 3.37 | 7.67 | 3.91 | 2.81 | 4.42 | 16.64 | |
| Trading Currency | CNY | CNY | CNY | CNY | CNY | CNY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |