Stock 600020 HENAN ZHONGYUAN EXPRESSWAY COMPANY LIMITED
Add to a list
To use this feature you must be a member
Log inSign up

Financials Henan Zhongyuan Expressway Company Limited

Equities

600020

CNE000001FL0

Highways & Rail Tracks

End-of-day quote Shanghai S.E.
Other stock markets
 18:00:00 2024-04-25 EDT 		5-day change 1st Jan Change
3.74 CNY -2.09% Intraday chart for Henan Zhongyuan Expressway Company Limited -2.35% +1.63%
04-10 Henan Zhongyuan Expressway Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 CI
03-26 Henan Zhongyuan Announces Results of the 2024 Second Extraordinary Shareholder Meeting CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,248 9,888 7,619 7,349 6,652 8,270
Enterprise Value (EV) 1 38,609 39,917 38,451 37,039 38,664 39,166
P/E ratio 17.9 x 7.69 x 54.8 x 11.5 x 159 x 11.6 x
Yield 2.97% 1.32% 1.03% 3.06% 0.64% 4.05%
Capitalization / Revenue 1.43 x 1.59 x 1.5 x 1.31 x 0.9 x 1.45 x
EV / Revenue 6.68 x 6.42 x 7.57 x 6.61 x 5.22 x 6.87 x
EV / EBITDA 9.46 x 8.69 x 12.7 x 10.4 x 16.6 x 12.2 x
EV / FCF 55.9 x -194 x -43.6 x -9.16 x -17.4 x 147 x
FCF Yield 1.79% -0.52% -2.29% -10.9% -5.76% 0.68%
Price to Book 0.87 x 0.95 x 0.64 x 0.59 x 0.53 x 0.56 x
Nbr of stocks (in thousands) 2,247,372 2,247,372 2,247,372 2,247,372 2,247,372 2,247,372
Reference price 2 3.670 4.400 3.390 3.270 2.960 3.680
Announcement Date 19-04-26 20-04-29 21-04-27 22-04-15 23-04-14 24-04-10
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,776 6,222 5,077 5,607 7,411 5,703
EBITDA 1 4,080 4,591 3,038 3,548 2,332 3,200
EBIT 1 2,717 3,149 1,337 1,994 1,232 2,047
Operating Margin 47.04% 50.61% 26.34% 35.57% 16.63% 35.89%
Earnings before Tax (EBT) 1 1,122 1,913 287.3 943.1 178.7 1,103
Net income 1 798.8 1,460 242.4 743.5 140.5 828.4
Net margin 13.83% 23.47% 4.77% 13.26% 1.9% 14.53%
EPS 2 0.2052 0.5725 0.0619 0.2850 0.0186 0.3176
Free Cash Flow 1 690.8 -206 -881.7 -4,046 -2,226 266.6
FCF margin 11.96% -3.31% -17.37% -72.16% -30.04% 4.67%
FCF Conversion (EBITDA) 16.93% - - - - 8.33%
FCF Conversion (Net income) 86.48% - - - - 32.18%
Dividend per Share 2 0.1090 0.0580 0.0350 0.1000 0.0190 0.1490
Announcement Date 19-04-26 20-04-29 21-04-27 22-04-15 23-04-14 24-04-10
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 30,361 30,028 30,832 29,690 32,012 30,896
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.442 x 6.541 x 10.15 x 8.369 x 13.73 x 9.655 x
Free Cash Flow 1 691 -206 -882 -4,046 -2,226 267
ROE (net income / shareholders' equity) 6.18% 12.5% 2.03% 6.1% 1.12% 6.05%
ROA (Net income/ Total Assets) 3.22% 3.98% 1.74% 2.64% 1.6% 2.56%
Assets 1 24,838 36,712 13,966 28,122 8,804 32,312
Book Value Per Share 2 4.200 4.610 5.290 5.500 5.600 6.570
Cash Flow per Share 2 1.210 0.5700 0.4200 0.5300 0.4300 0.2100
Capex 1 1,154 1,007 958 351 3,544 1,200
Capex / Sales 19.98% 16.18% 18.87% 6.26% 47.82% 21.05%
Announcement Date 19-04-26 20-04-29 21-04-27 22-04-15 23-04-14 24-04-10
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Highway Operators

1st Jan change Capi.
HENAN ZHONGYUAN EXPRESSWAY COMPANY LIMITED Stock Henan Zhongyuan Expressway Company Limited
+1.63% 1.16B
TRANSURBAN GROUP Stock Transurban Group
-9.26% 25.09B
MUNDYS S.P.A. Stock Mundys S.p.A.
+0.22% 20.21B
CHINA MERCHANTS EXPRESSWAY NETWORK & TECHNOLOGY HOLDINGS CO.,LTD. Stock China Merchants Expressway Network & Technology Holdings Co.,Ltd.
+17.30% 10.79B
JIANGSU EXPRESSWAY COMPANY LIMITED Stock Jiangsu Expressway Company Limited
+11.54% 7.27B
SALIK COMPANY Stock Salik Company
+9.97% 6.98B
IMPULSORA DEL DESARROLLO Y EL EMPLEO EN AMÉRICA LATINA, S.A.B. DE C.V. Stock Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V.
+5.41% 6.49B
SHANDONG HI-SPEED COMPANY LIMITED Stock Shandong Hi-speed Company Limited
+33.00% 6.17B
GRUPO CCR S.A. Stock Grupo CCR S.A.
-11.92% 4.91B
ATLAS ARTERIA LIMITED Stock Atlas Arteria Limited
-10.73% 4.88B
Highway Operators
  1. Stock Market
  2. Equities
  3. 600020 Stock
  4. Financials Henan Zhongyuan Expressway Company Limited