XHKG0548
Market cap3.10bUSD
Dec 23, Last price
7.15HKD
1D
0.85%
1Q
3.62%
Jan 2017
7.84%
Name
Shenzhen Expressway Corp Ltd
Chart & Performance
Profile
Shenzhen Expressway Corporation Limited, together with its subsidiaries, primarily invests in, constructs, operates, and manages toll highways and roads, as well as other urban and transport infrastructure in the People's Republic of China. The company provides construction management and highways operation management services for government and other enterprises, as well as project development and management, advertising, construction consulting, inter-network toll collection, and financial services; and billboard leasing, advertising agency, and design production and related services. It also invests in industries and project construction; and offers property management, real estate development, and engineering consulting services. In addition, the company provides infrastructure construction, environment protection construction, equipment manufacturing, capital market, apartment rental and management, environmental technology development consultation, land development, architecture and engineering, and environmental projects and advisory services. It operated and invested in 17 toll highway projects. The company was incorporated in 1996 and is based in Shenzhen, the People's Republic of China. Shenzhen Expressway Corporation Limited is a subsidiary of Shenzhen International Holdings Limited.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 9,295,304 -0.82% | 9,372,583 -13.79% | 10,871,924 35.45% | |||||||
Cost of revenue | 6,085,238 | 6,534,983 | 7,299,588 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 3,210,066 | 2,837,600 | 3,572,336 | |||||||
NOPBT Margin | 34.53% | 30.28% | 32.86% | |||||||
Operating Taxes | 529,803 | 531,670 | 471,799 | |||||||
Tax Rate | 16.50% | 18.74% | 13.21% | |||||||
NOPAT | 2,680,264 | 2,305,930 | 3,100,537 | |||||||
Net income | 2,327,197 15.41% | 2,016,497 -22.83% | 2,613,119 27.19% | |||||||
Dividends | (2,446,861) | |||||||||
Dividend yield | 16.36% | |||||||||
Proceeds from repurchase of equity | ||||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 11,105,626 | 15,776,553 | 4,890,924 | |||||||
Long-term debt | 16,818,040 | 15,438,243 | 16,144,519 | |||||||
Deferred revenue | 388,676 | 474,343 | 557,480 | |||||||
Other long-term liabilities | 1,372,717 | 1,451,329 | 2,841,887 | |||||||
Net debt | 6,160,406 | 9,066,599 | 6,756,061 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 4,094,812 | 3,369,490 | 3,941,531 | |||||||
CAPEX | ||||||||||
Cash from investing activities | (923,610) | |||||||||
Cash from financing activities | 1,669,297 | |||||||||
FCF | 3,813,165 | 2,644,993 | (992,939) | |||||||
Balance | ||||||||||
Cash | 2,621,160 | 4,748,106 | 4,409,409 | |||||||
Long term investments | 19,142,099 | 17,400,091 | 9,869,974 | |||||||
Excess cash | 21,298,494 | 21,679,568 | 13,735,787 | |||||||
Stockholders' equity | 16,933,457 | 19,866,657 | 18,280,171 | |||||||
Invested Capital | 40,704,668 | 40,079,374 | 37,562,737 | |||||||
ROIC | 6.64% | 5.94% | 9.53% | |||||||
ROCE | 5.46% | 4.63% | 6.81% | |||||||
EV | ||||||||||
Common stock shares outstanding | 2,369,855 | 2,403,475 | 2,347,816 | |||||||
Price | 6.31 -6.24% | 6.73 -10.86% | 7.55 3.71% | |||||||
Market cap | 14,953,782 -7.55% | 16,175,390 -8.75% | 17,726,012 10.93% | |||||||
EV | 26,754,873 | 31,256,609 | 27,614,883 | |||||||
EBITDA | 5,552,804 | 5,097,031 | 5,845,976 | |||||||
EV/EBITDA | 4.82 | 6.13 | 4.72 | |||||||
Interest | 287,854 | 1,154,379 | 859,180 | |||||||
Interest/NOPBT | 8.97% | 40.68% | 24.05% |