Valuation China Railway Group Limited

Equities

601390

CNE100000866

Construction & Engineering

End-of-day quote Shanghai S.E. Other stock markets 13/03/2026			5-day change	1st Jan Change
5.940 ^CNY	+0.51%		+0.17%	+9.80%

12/03	First train to Pyongyang in six years leaves Beijing as neighbours revive link	RE
10/03	China, North Korea to resume international passenger train service from March 12 - China's rail authority statement	RE

Company Valuation: China Railway Group Limited

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	1,19,432	1,32,027	1,29,563	1,29,985	1,46,872	1,38,753	1,38,753	-
Change	-	10.55%	-1.87%	0.33%	12.99%	-5.53%	0%	-
Enterprise Value (EV) ¹	1,94,718	2,65,041	2,80,201	3,63,798	4,09,704	4,81,840	4,74,890	5,53,633
Change	-	36.12%	5.72%	29.83%	12.62%	17.61%	-1.44%	16.58%
P/E ratio	5.47x	5.58x	4.64x	4.4x	5.89x	5.73x	5.48x	5.27x
PBR	0.62x	0.52x	0.54x	0.42x	0.45x	0.39x	0.37x	0.35x
PEG	-	0.73x	0.3x	0.56x	-0.4x	-1.33x	1.22x	1.34x
Capitalization / Revenue	0.12x	0.12x	0.11x	0.1x	0.13x	0.12x	0.12x	0.11x
EV / Revenue	0.2x	0.25x	0.24x	0.29x	0.35x	0.42x	0.4x	0.46x
EV / EBITDA	4.18x	5.43x	5.17x	5.99x	6.99x	8.05x	7.74x	8.09x
EV / EBIT	5.43x	7x	6.56x	7.71x	9.5x	13.6x	12.7x	11.4x
EV / FCF	-15.8x	-5.05x	-17.3x	-10x	-15x	-117x	39.4x	46.9x
FCF Yield	-6.32%	-19.8%	-5.78%	-9.97%	-6.67%	-0.85%	2.54%	2.13%
Dividend per Share ²	0.18	0.196	0.2	0.21	0.178	0.1659	0.1883	0.1975
Rate of return	3.42%	3.39%	3.6%	3.7%	2.79%	2.79%	3.17%	3.33%
EPS ²	0.963	1.037	1.198	1.292	1.084	1.037	1.084	1.127
Distribution rate	18.7%	18.9%	16.7%	16.3%	16.4%	16%	17.4%	17.5%
Net sales ¹	9,74,732	10,73,272	11,54,349	12,63,412	11,60,311	11,40,628	11,78,341	12,09,957
EBITDA ¹	46,625	48,771	54,198	60,731	58,649	59,837	61,319	68,467
EBIT ¹	35,849	37,845	42,700	47,171	43,142	35,421	37,413	48,658
Net income ¹	25,188	27,618	31,276	33,483	27,887	25,704	26,765	27,641
Net Debt ¹	75,286	1,33,014	1,50,639	2,33,813	2,62,832	3,43,087	3,36,137	4,14,880
Reference price ²	5.270	5.790	5.560	5.680	6.390	5.940	5.940	5.940
Nbr of stocks (in thousands)	2,45,70,929	2,45,70,929	2,47,52,196	2,47,52,196	2,47,41,865	2,46,64,775	2,46,64,775	-
Announcement Date	30/03/21	30/03/22	30/03/23	28/03/24	28/03/25	-	-	-

¹CNY in Million²CNY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CHINA RAILWAY GROUP LIMITED	5.73x	0.42x	8.05x	2.79%	2.01TCr
QUANTA SERVICES, INC.	63.65x	2.62x	25.56x	0.08%	8.36TCr
VINCI	14.05x	1.16x	6.41x	4.18%	8.2TCr
LARSEN & TOUBRO LIMITED	26.38x	1.96x	18.66x	1.2%	5.12TCr
COMFORT SYSTEMS USA, INC.	37.14x	4.21x	25.14x	0.2%	4.79TCr
FERROVIAL SE	55.27x	4.67x	29.69x	1.67%	4.56TCr
HOCHTIEF AG	28.78x	0.66x	11.47x	2.18%	3.27TCr
EMCOR GROUP, INC.	25.11x	1.65x	15.68x	0.18%	3.16TCr
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	4.52x	0.27x	5.09x	5.27%	3.09TCr
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A.	31.34x	0.57x	9.16x	2.13%	3.07TCr
Average	29.20x	1.82x	15.49x	1.99%	4.56TCr
Weighted average by Cap.	33.04x	2.05x	16.76x	1.88%