XHKG80737
Market cap678mUSD
Dec 17, Last price
1.71HKD
Name
Shenzhen Investment Holdings Bay Area Development Co Ltd
Chart & Performance
P/E
9.36
P/S
5.24
EPS
0.17
Div Yield, %
5.31%
Shrs. gr., 5y
58.49%
Rev. gr., 5y
%
Revenues
945m
+19.64%
Net income
528m
+89.71%
CFO
468m
+436.66%
Dividend
Sep 23, 20240.0772725 HKD/sh
Earnings
Mar 17, 2025
Profile
Shenzhen Investment Holdings Bay Area Development Company Limited, an investment holding company, develops, operates, and manages toll expressways and bridges in the People's Republic of China. It operates through GS Superhighway, GZ West Superhighway, and Xintang Interchange segments. The company operates toll expressway projects comprising Guangzhou-Shenzhen superhighway and Guangzhou-Zhuhai West superhighway. It is also involved in the land development and utilization, and loan financing activities. The company was incorporated in 2003 and is based in Wan Chai, Hong Kong. Shenzhen Investment Holdings Bay Area Development Company Limited is a subsidiary of Shenzhen Investment International Capital Holdings Infrastructure Co., Ltd.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑06 | 2017‑06 | 2016‑06 | 2015‑06 | |
| Income | |||||||||
Revenues | 944,777 19.64% | 789,701 28.72% | 613,511 | ||||||
Cost of revenue | 716,444 | 677,723 | 397,162 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 228,333 | 111,978 | 216,349 | ||||||
NOPBT Margin | 24.17% | 14.18% | 35.26% | ||||||
Operating Taxes | 132,043 | 122,486 | 80,440 | ||||||
Tax Rate | 57.83% | 109.38% | 37.18% | ||||||
NOPAT | 96,290 | (10,508) | 135,909 | ||||||
Net income | 528,483 89.71% | 278,572 -60.84% | 711,434 3.31% | ||||||
Dividends | (279,756) | (509,642) | (868,522) | ||||||
Dividend yield | |||||||||
Proceeds from repurchase of equity | (265,942) | ||||||||
BB yield | |||||||||
| Debt | |||||||||
Debt current | 1,826,897 | 1,154,384 | 884,027 | ||||||
Long-term debt | 2,232,520 | 2,847,932 | 1,062,266 | ||||||
Deferred revenue | (133,408) | (130,746) | |||||||
Other long-term liabilities | 133,408 | 130,746 | |||||||
Net debt | (1,961,774) | (1,011,122) | (4,597,309) | ||||||
| Cash flow | |||||||||
Cash from operating activities | 467,854 | 87,179 | (183,048) | ||||||
CAPEX | (308,777) | (318,274) | (544) | ||||||
Cash from investing activities | 234,534 | 309,998 | 1,223,197 | ||||||
Cash from financing activities | (696,186) | (1,784,708) | (8,748) | ||||||
FCF | 106,524 | 578,197 | (769,489) | ||||||
| Balance | |||||||||
Cash | 1,011,816 | 925,455 | 1,903,700 | ||||||
Long term investments | 5,009,375 | 4,087,983 | 4,639,902 | ||||||
Excess cash | 5,973,952 | 4,973,953 | 6,512,926 | ||||||
Stockholders' equity | 5,365,370 | 5,048,098 | 6,045,744 | ||||||
Invested Capital | 6,383,343 | 6,385,008 | 963,655 | ||||||
ROIC | 1.51% | 6.42% | |||||||
ROCE | 1.92% | 0.97% | 3.03% | ||||||
| EV | |||||||||
Common stock shares outstanding | 3,081,690 | 3,081,690 | 3,081,690 | ||||||
Price | |||||||||
Market cap | |||||||||
EV | |||||||||
EBITDA | 465,981 | 296,407 | 217,383 | ||||||
EV/EBITDA | |||||||||
Interest | 171,923 | 58,685 | 20,651 | ||||||
Interest/NOPBT | 75.29% | 52.41% | 9.55% | ||||||