XHKG2169
Market cap781mUSD
Dec 23, Last price
1.54HKD
1D
6.21%
1Q
77.01%
IPO
356.30%
Name
Canggang Railway Ltd
Chart & Performance
P/E
96.60
P/S
16.32
EPS
0.01
Div Yield, %
0.45%
Shrs. gr., 5y
31.09%
Rev. gr., 5y
-2.04%
Revenues
349m
+4.68%
Net income
59m
-13.36%
CFO
53m
-50.33%
Dividend
Jun 20, 20240.0065764 HKD/sh
Earnings
Mar 25, 2025
Profile
Canggang Railway Limited operates freight railway and railway yards in Hebei Province. The company provides rail freight transportation services through the Canggang Railway Line, which transports a range of cargo, primarily coal, as well as petroleum, ore, and other cargo, including PVC, asphalt, gravel, bauxite, and chemicals between Cangzhou and Port Huanghua. It also offers ancillary services comprising loading and unloading, as well as road freight transportation services. In addition, the company provides construction, maintenance, and repair services, primarily include the operation, repair, and maintenance of special service lines and railway roadbed and other railway facility construction. Further, it offers additional ancillary services, principally covering car arrival, freight agency, antifreeze treatment, and scattering prevention of coal services; and coal filtering services, as well as logistics agency services. Canggang Railway Limited was founded in 2009 and is headquartered in Cangzhou, China.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | |
| Income | |||||||
Revenues | 349,048 4.68% | 333,430 -6.34% | 355,990 -1.52% | ||||
Cost of revenue | 188,011 | 230,920 | 231,677 | ||||
Unusual Expense (Income) | |||||||
NOPBT | 161,037 | 102,510 | 124,313 | ||||
NOPBT Margin | 46.14% | 30.74% | 34.92% | ||||
Operating Taxes | 26,112 | 23,209 | 27,011 | ||||
Tax Rate | 16.21% | 22.64% | 21.73% | ||||
NOPAT | 134,925 | 79,301 | 97,302 | ||||
Net income | 58,978 -13.36% | 68,076 -12.04% | 77,394 21.59% | ||||
Dividends | (27,370) | (31,755) | (39,191) | ||||
Dividend yield | 0.33% | 3.19% | 7.03% | ||||
Proceeds from repurchase of equity | (99,832) | ||||||
BB yield | 10.03% | ||||||
| Debt | |||||||
Debt current | 202,073 | 184,773 | 160,525 | ||||
Long-term debt | 290,683 | 272,639 | 213,087 | ||||
Deferred revenue | |||||||
Other long-term liabilities | (272,639) | (213,087) | |||||
Net debt | 380,364 | 256,296 | 202,295 | ||||
| Cash flow | |||||||
Cash from operating activities | 53,476 | 107,655 | 116,890 | ||||
CAPEX | (56,011) | (64,511) | (42,003) | ||||
Cash from investing activities | (72,448) | (56,403) | (35,277) | ||||
Cash from financing activities | (62,520) | (18,603) | (147,745) | ||||
FCF | 10,418 | 42,988 | 85,998 | ||||
| Balance | |||||||
Cash | 112,392 | 193,802 | 160,794 | ||||
Long term investments | 7,314 | 10,523 | |||||
Excess cash | 94,940 | 184,444 | 153,518 | ||||
Stockholders' equity | 667,210 | 680,746 | 664,076 | ||||
Invested Capital | 1,172,897 | 1,047,772 | 1,012,854 | ||||
ROIC | 12.15% | 7.70% | 9.67% | ||||
ROCE | 12.70% | 8.32% | 10.66% | ||||
| EV | |||||||
Common stock shares outstanding | 3,870,675 | 995,687 | 1,000,000 | ||||
Price | 2.14 114.00% | 1.00 79.37% | 0.56 29.65% | ||||
Market cap | 8,283,244 731.91% | 995,687 78.60% | 557,500 62.51% | ||||
EV | 8,692,738 | 1,281,525 | 789,490 | ||||
EBITDA | 199,274 | 140,573 | 161,048 | ||||
EV/EBITDA | 43.62 | 9.12 | 4.90 | ||||
Interest | 24,868 | 24,407 | 23,255 | ||||
Interest/NOPBT | 15.44% | 23.81% | 18.71% | ||||