End-of-day quote
Shanghai S.E.
18:00:00 2024-04-25 EDT
|
5-day change
|
1st Jan Change
|
10.4
CNY
|
-2.16%
|
|
-1.98%
|
+15.68%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
23,946
|
17,314
|
18,905
|
17,294
|
17,189
|
19,840
|
-
|
-
|
Enterprise Value (EV)
1 |
33,790
|
27,076
|
35,096
|
44,777
|
45,261
|
44,559
|
42,847
|
40,601
|
P/E ratio
|
8.72
x
|
6.56
x
|
5.54
x
|
7.09
x
|
5.84
x
|
6.24
x
|
5.87
x
|
5.98
x
|
Yield
|
5.2%
|
7%
|
10.1%
|
-
|
9.59%
|
8.58%
|
8.8%
|
8.74%
|
Capitalization / Revenue
|
3.87
x
|
2.16
x
|
1.74
x
|
1.85
x
|
1.85
x
|
2.07
x
|
1.87
x
|
1.79
x
|
EV / Revenue
|
5.46
x
|
3.37
x
|
3.23
x
|
4.78
x
|
4.87
x
|
4.64
x
|
4.03
x
|
3.66
x
|
EV / EBITDA
|
8.56
x
|
6.02
x
|
6.47
x
|
9.51
x
|
8.42
x
|
7.65
x
|
7.14
x
|
6.59
x
|
EV / FCF
|
31,450,758
x
|
-8,130,346
x
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
0%
|
-0%
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
1.19
x
|
0.58
x
|
0.54
x
|
-
|
0.68
x
|
0.67
x
|
0.63
x
|
0.6
x
|
Nbr of stocks (in thousands)
|
2,180,770
|
2,180,770
|
2,180,770
|
2,180,770
|
2,180,770
|
2,180,770
|
-
|
-
|
Reference price
2 |
9.991
|
6.144
|
6.152
|
5.944
|
5.735
|
6.600
|
6.600
|
6.600
|
Announcement Date
|
20-03-18
|
21-03-24
|
22-03-29
|
23-03-24
|
24-03-22
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
6,186
|
8,027
|
10,872
|
9,373
|
9,295
|
9,606
|
10,625
|
11,106
|
EBITDA
1 |
3,950
|
4,499
|
5,426
|
4,709
|
5,376
|
5,827
|
6,001
|
6,164
|
EBIT
1 |
2,444
|
2,713
|
3,134
|
2,487
|
3,013
|
3,104
|
3,432
|
3,635
|
Operating Margin
|
39.51%
|
33.8%
|
28.83%
|
26.54%
|
32.42%
|
32.31%
|
32.3%
|
32.73%
|
Earnings before Tax (EBT)
1 |
2,444
|
2,709
|
3,178
|
2,485
|
2,916
|
3,096
|
3,422
|
3,504
|
Net income
1 |
2,499
|
2,055
|
2,606
|
2,014
|
2,327
|
2,441
|
2,819
|
3,014
|
Net margin
|
40.41%
|
25.6%
|
23.97%
|
21.49%
|
25.04%
|
25.41%
|
26.53%
|
27.14%
|
EPS
2 |
1.146
|
0.9360
|
1.110
|
0.8380
|
0.9820
|
1.058
|
1.125
|
1.103
|
Free Cash Flow
|
1,074
|
-3,330
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
17.37%
|
-41.49%
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
27.2%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
42.98%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.5200
|
0.4300
|
0.6200
|
-
|
0.5500
|
0.5662
|
0.5808
|
0.5769
|
Announcement Date
|
20-03-18
|
21-03-24
|
22-03-29
|
23-03-24
|
24-03-22
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2021 S2
|
2022 Q1
|
---|
Net sales
|
-
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
EBIT
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
Net income
1 |
922.7
|
43.92
|
1,387
|
412.7
|
Net margin
|
-
|
-
|
-
|
-
|
EPS
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
Announcement Date
|
20-03-18
|
20-08-21
|
22-03-29
|
22-04-28
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
9,844
|
9,761
|
16,191
|
27,483
|
28,072
|
24,720
|
23,007
|
20,761
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.492
x
|
2.17
x
|
2.984
x
|
5.836
x
|
5.222
x
|
4.242
x
|
3.834
x
|
3.368
x
|
Free Cash Flow
|
1,074
|
-3,330
|
-
|
-
|
-
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
14.1%
|
10.8%
|
12.2%
|
9.93%
|
12%
|
10.2%
|
10.5%
|
10.3%
|
ROA (Net income/ Total Assets)
|
5.81%
|
4.08%
|
4.5%
|
2.85%
|
3.4%
|
3.51%
|
3.98%
|
4.18%
|
Assets
1 |
43,013
|
50,405
|
57,879
|
70,753
|
68,357
|
69,644
|
70,917
|
72,204
|
Book Value Per Share
2 |
8.430
|
10.60
|
11.30
|
-
|
8.420
|
9.880
|
10.50
|
11.10
|
Cash Flow per Share
2 |
0.8000
|
0.5000
|
1.680
|
-
|
1.880
|
2.870
|
2.500
|
3.030
|
Capex
1 |
677
|
2,483
|
3,775
|
2,091
|
2,081
|
1,888
|
1,973
|
2,201
|
Capex / Sales
|
10.95%
|
30.93%
|
34.72%
|
22.31%
|
22.38%
|
19.65%
|
18.57%
|
19.81%
|
Announcement Date
|
20-03-18
|
21-03-24
|
22-03-29
|
23-03-24
|
24-03-22
|
-
|
-
|
-
|
Average target price
7.892
CNY Spread / Average Target +19.57% Consensus |
1st Jan change
|
Capi.
|
---|
| -8.02% | 25.09B | | +0.22% | 20.21B | | +17.30% | 10.79B | | +9.40% | 7.27B | | +11.58% | 6.98B | | +5.41% | 6.49B | | +33.00% | 6.17B | | -11.92% | 4.91B | | -8.82% | 4.88B |
Highway Operators
|