XSHG
600350
Market cap7.56bUSD
Jun 06, Last price
11.20CNY
1D
-0.18%
1Q
14.40%
Jan 2017
72.84%
IPO
203.52%
Name
Shandong Hi-speed Co Ltd
Chart & Performance
Profile
Shandong Hi-speed Company Limited engages in the investment, operation, and management of toll roads, bridges, and tunnel infrastructures in China. The company operates and manages a total of approximately 2,575 kilometers of roads and bridges. It is also involved in the investment in industries relating to the expressway, value chains, finance, environmental protection, and other industries. The company was formerly known as Shandong Expressway Company Limited and changed its name to Shandong Hi-speed Company Limited in April 2012. The company was founded in 1999 and is headquartered in Jinan, China. Shandong Hi-speed Company Limited is a subsidiary of Shandong Hi-speed Group Co.,Ltd.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 28,494,276 7.34% | 26,545,644 43.60% | 18,486,355 14.09% | |||||||
Cost of revenue | 21,780,580 | 19,229,011 | 12,425,596 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 6,713,696 | 7,316,633 | 6,060,759 | |||||||
NOPBT Margin | 23.56% | 27.56% | 32.79% | |||||||
Operating Taxes | 1,311,585 | 1,242,512 | 1,105,561 | |||||||
Tax Rate | 19.54% | 16.98% | 18.24% | |||||||
NOPAT | 5,402,111 | 6,074,121 | 4,955,198 | |||||||
Net income | 3,196,128 -3.07% | 3,297,232 8.47% | 3,039,648 -0.41% | |||||||
Dividends | (1,952,280) | (1,938,693) | ||||||||
Dividend yield | 4.89% | 5.99% | ||||||||
Proceeds from repurchase of equity | (1,200,000) | |||||||||
BB yield | 3.00% | |||||||||
Debt | ||||||||||
Debt current | 2,992,150 | 2,342,504 | 4,410,165 | |||||||
Long-term debt | 60,132,419 | 57,901,483 | 52,506,118 | |||||||
Deferred revenue | 2,344,571 | 2,406,337 | 2,559,433 | |||||||
Other long-term liabilities | 2,443,034 | 2,437,479 | 3,131,273 | |||||||
Net debt | 38,505,504 | 31,456,300 | 33,088,823 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 6,840,708 | 6,677,957 | 5,113,063 | |||||||
CAPEX | (7,144,911) | |||||||||
Cash from investing activities | (9,829,595) | |||||||||
Cash from financing activities | 2,300,563 | 4,082,258 | ||||||||
FCF | 10,488,392 | 6,847,867 | 16,973,253 | |||||||
Balance | ||||||||||
Cash | 3,547,360 | 5,324,963 | 6,153,480 | |||||||
Long term investments | 21,071,706 | 23,462,723 | 17,673,981 | |||||||
Excess cash | 23,194,352 | 27,460,404 | 22,903,142 | |||||||
Stockholders' equity | 39,970,379 | 43,741,742 | 42,118,464 | |||||||
Invested Capital | 101,813,688 | 92,347,243 | 91,587,347 | |||||||
ROIC | 5.56% | 6.60% | 5.68% | |||||||
ROCE | 5.27% | 6.00% | 5.21% | |||||||
EV | ||||||||||
Common stock shares outstanding | 5,918,756 | 5,754,331 | 5,687,775 | |||||||
Price | 10.28 48.13% | 6.94 21.97% | 5.69 10.27% | |||||||
Market cap | 60,844,814 52.36% | 39,935,057 23.40% | 32,363,440 22.47% | |||||||
EV | 113,358,600 | 84,628,523 | 78,048,962 | |||||||
EBITDA | 10,371,143 | 11,191,175 | 9,208,306 | |||||||
EV/EBITDA | 10.93 | 7.56 | 8.48 | |||||||
Interest | 2,157,844 | 2,361,100 | 2,258,526 | |||||||
Interest/NOPBT | 32.14% | 32.27% | 37.26% |