ANHUI EXPRESSWAY COMPANY LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.28 HKD | -2.13% |
|
-9.80% | +7.53% |
| 26/04 | Anhui Expressway Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 29/03 | Anhui Expressway's 2023 Profit Jumps 15% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,883 | 9,121 | 10,785 | 11,246 | 16,312 | 19,097 | - | - |
| Enterprise Value (EV) 1 | 9,022 | 9,144 | 11,634 | 13,213 | 18,876 | 19,097 | 19,097 | 19,097 |
| P/E ratio | 6.27 x | 7.06 x | 5.63 x | - | - | - | - | - |
| Yield | 5.58% | 5.9% | 10.7% | - | - | 8.65% | 9.68% | 10.1% |
| Capitalization / Revenue | 3.01 x | 3.46 x | 2.75 x | 2.16 x | 2.46 x | 2.08 x | 3.77 x | 3.82 x |
| EV / Revenue | 3.01 x | 3.46 x | 2.75 x | 2.16 x | 2.46 x | 2.08 x | 3.77 x | 3.82 x |
| EV / EBITDA | 3.91 x | 4.6 x | 3.56 x | 3.88 x | 5.13 x | 5.16 x | 4.94 x | 4.52 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.63 x | 0.57 x | 0.75 x | - | - | - | - | - |
| Nbr of stocks (in thousands) | 16,58,610 | 16,58,610 | 16,58,610 | 16,58,610 | 16,58,610 | 16,58,610 | - | - |
| Reference price 2 | 4.120 | 3.897 | 5.133 | 5.555 | 6.999 | 7.835 | 7.835 | 7.835 |
| Announcement Date | 29/03/20 | 28/03/21 | 28/03/22 | 30/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,946 | 2,633 | 3,921 | 5,206 | 6,631 | 9,194 | 5,059 | 5,002 |
| EBITDA 1 | 2,271 | 1,982 | 3,029 | 2,900 | 3,179 | 3,704 | 3,864 | 4,221 |
| EBIT 1 | 1,556 | 1,254 | 2,119 | 1,976 | 2,274 | 2,578 | 2,699 | 2,863 |
| Operating Margin | 52.8% | 47.64% | 54.05% | 37.95% | 34.29% | 28.04% | 53.34% | 57.24% |
| Earnings before Tax (EBT) 1 | 1,560 | 1,249 | 2,119 | 1,977 | 2,267 | 2,578 | 2,698 | 2,862 |
| Net income 1 | 1,098 | 918.5 | 1,514 | 1,445 | 1,660 | 1,869 | 1,941 | 2,051 |
| Net margin | 37.25% | 34.89% | 38.62% | 27.75% | 25.03% | 20.33% | 38.36% | 41.01% |
| EPS | 0.6571 | 0.5523 | 0.9116 | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2300 | 0.2300 | 0.5500 | - | - | 0.6778 | 0.7587 | 0.7936 |
| Announcement Date | 29/03/20 | 28/03/21 | 28/03/22 | 30/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 |
|---|---|---|---|---|---|
| Net sales | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| EBIT | - | - | - | - | - |
| Operating Margin | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - |
| Net income 1 | 710.3 | 425.3 | 406.1 | 259.9 | 666 |
| Net margin | - | - | - | - | - |
| EPS | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 29/08/21 | 28/03/22 | 29/04/22 | 28/08/22 | 28/08/22 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 139 | 22.4 | 849 | 1,967 | 2,564 | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.0613 x | 0.0113 x | 0.2802 x | 0.678 x | 0.8065 x | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 10.6% | 8.37% | 11.9% | 12.5% | 13.5% | 14% | 13.8% | 13.8% |
| ROA (Net income/ Total Assets) | 7.15% | 5.68% | 6.7% | 7.01% | 7.77% | 7.58% | 7.57% | 7.58% |
| Assets 1 | 15,350 | 16,170 | 22,603 | 20,612 | 21,352 | 24,661 | 25,653 | 27,058 |
| Book Value Per Share | 6.500 | 6.820 | 6.870 | - | - | - | - | - |
| Cash Flow per Share | 1.100 | 0.7200 | 1.260 | - | - | - | - | - |
| Capex 1 | 1,236 | 505 | 409 | 1,303 | 2,113 | 4,749 | 610 | 234 |
| Capex / Sales | 41.95% | 19.19% | 10.42% | 25.02% | 31.86% | 51.65% | 12.06% | 4.68% |
| Announcement Date | 29/03/20 | 28/03/21 | 28/03/22 | 30/03/23 | 28/03/24 | - | - | - |
1CNY in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
7.835
CNY
Average target price
11.1
CNY
Spread / Average Target
+41.65%
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.53% | 2.65B | |
| -11.38% | 1.09B | |
| -7.20% | 822M | |
| -6.11% | 758M | |
| +28.83% | 63.54M |
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