Does Guangdong Provincial Expressway Development (SZSE:000429) Have A Healthy Balance Sheet?
Nov 12
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Chinese (SSE) Highways and Railtracks Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies17
- 7D2.1%
- 3M2.6%
- 1Y19.9%
- YTDn/a
The Highways and Railtracks industry is up 1.6% in the last week, with Shandong Hi-speed up 5.9%. This means that the industry has gained 19% over the past year. As for the next few years, earnings are expected to grow by 3.4% per annum.
Industry Valuation and Performance
Has the Chinese Highways and Railtracks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CN¥280.2b | CN¥124.1b | CN¥19.8b | 15.1x | 14.1x | 2.3x |
| Sat, 19 Oct 2024 | CN¥267.2b | CN¥124.2b | CN¥19.7b | 13.3x | 13.5x | 2.2x |
| Mon, 16 Sep 2024 | CN¥253.1b | CN¥125.2b | CN¥19.7b | 12.1x | 12.8x | 2x |
| Wed, 14 Aug 2024 | CN¥265.1b | CN¥125.3b | CN¥20.3b | 13.6x | 13.1x | 2.1x |
| Fri, 12 Jul 2024 | CN¥257.8b | CN¥125.4b | CN¥20.3b | 12.6x | 12.7x | 2.1x |
| Sun, 09 Jun 2024 | CN¥264.1b | CN¥125.4b | CN¥20.3b | 12.8x | 13x | 2.1x |
| Tue, 07 May 2024 | CN¥264.2b | CN¥125.5b | CN¥20.2b | 13.2x | 13.1x | 2.1x |
| Thu, 04 Apr 2024 | CN¥258.5b | CN¥126.6b | CN¥17.6b | 14.6x | 14.7x | 2x |
| Sat, 02 Mar 2024 | CN¥241.2b | CN¥126.8b | CN¥17.6b | 14x | 13.7x | 1.9x |
| Mon, 29 Jan 2024 | CN¥238.5b | CN¥126.9b | CN¥17.5b | 14.5x | 13.6x | 1.9x |
| Wed, 27 Dec 2023 | CN¥223.6b | CN¥126.9b | CN¥17.4b | 14.3x | 12.9x | 1.8x |
| Fri, 24 Nov 2023 | CN¥221.0b | CN¥126.9b | CN¥17.4b | 14.4x | 12.7x | 1.7x |
| Sun, 22 Oct 2023 | CN¥211.4b | CN¥128.5b | CN¥16.4b | 12.7x | 12.9x | 1.6x |
| Tue, 19 Sep 2023 | CN¥220.8b | CN¥128.5b | CN¥16.4b | 13.4x | 13.5x | 1.7x |
| Thu, 17 Aug 2023 | CN¥213.3b | CN¥130.3b | CN¥15.8b | 14.2x | 13.5x | 1.6x |
| Sat, 15 Jul 2023 | CN¥212.3b | CN¥131.9b | CN¥15.2b | 13.7x | 13.9x | 1.6x |
| Mon, 12 Jun 2023 | CN¥216.6b | CN¥131.9b | CN¥15.2b | 14.3x | 14.2x | 1.6x |
| Wed, 10 May 2023 | CN¥226.5b | CN¥131.3b | CN¥16.0b | 12.4x | 14.1x | 1.7x |
| Fri, 07 Apr 2023 | CN¥189.7b | CN¥75.3b | CN¥15.0b | 11.9x | 12.6x | 2.5x |
| Sun, 05 Mar 2023 | CN¥189.9b | CN¥73.8b | CN¥15.2b | 11.9x | 12.5x | 2.6x |
| Tue, 31 Jan 2023 | CN¥181.9b | CN¥74.4b | CN¥15.5b | 11.2x | 11.7x | 2.4x |
| Thu, 29 Dec 2022 | CN¥176.1b | CN¥74.1b | CN¥15.7b | 10.6x | 11.2x | 2.4x |
| Sat, 26 Nov 2022 | CN¥177.0b | CN¥74.0b | CN¥15.7b | 11x | 11.3x | 2.4x |
| Mon, 24 Oct 2022 | CN¥172.0b | CN¥74.4b | CN¥15.8b | 11x | 10.9x | 2.3x |
| Wed, 21 Sep 2022 | CN¥175.5b | CN¥75.1b | CN¥16.0b | 11.4x | 11x | 2.3x |
| Fri, 19 Aug 2022 | CN¥174.0b | CN¥76.8b | CN¥16.5b | 11.7x | 10.6x | 2.3x |
| Sun, 17 Jul 2022 | CN¥179.1b | CN¥75.2b | CN¥16.6b | 12.2x | 10.8x | 2.4x |
| Tue, 14 Jun 2022 | CN¥177.2b | CN¥75.2b | CN¥16.6b | 11.4x | 10.6x | 2.4x |
| Thu, 12 May 2022 | CN¥168.7b | CN¥75.4b | CN¥16.8b | 11.1x | 10x | 2.2x |
| Sat, 09 Apr 2022 | CN¥184.3b | CN¥77.4b | CN¥17.4b | 10.4x | 10.6x | 2.4x |
| Mon, 07 Mar 2022 | CN¥186.2b | CN¥71.3b | CN¥17.5b | 9.9x | 10.7x | 2.6x |
| Wed, 02 Feb 2022 | CN¥174.7b | CN¥71.1b | CN¥17.4b | 9.5x | 10x | 2.5x |
| Fri, 31 Dec 2021 | CN¥175.6b | CN¥71.1b | CN¥17.6b | 9.5x | 10x | 2.5x |
| Sun, 28 Nov 2021 | CN¥159.1b | CN¥69.8b | CN¥17.1b | 9x | 9.3x | 2.3x |
Price to Earnings Ratio
9.3x
Current Industry PE
- Investors are optimistic on the Chinese Highways and Railtracks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.0x which is higher than its 3-year average PE of 12.2x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Highways and Railtracks industry have grown 5.0% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Highways and Railtracks compare with similar industries?
| CN Market | -3.39% | |
| Industrials | -2.83% | |
| Infrastructure | 1.20% | |
| Highways and Railtracks | 2.13% | |
| Marine Ports and Services | 1.54% | |
| Airport Services | -1.43% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 000088 Shenzhen Yan Tian Port HoldingsLtd | CN¥5.00 | 0.6% +CN¥4.7b | -2.2% | PE22.4x | |
| 600350 Shandong Hi-speed | CN¥9.42 | 6.0% +CN¥2.6b | 40.4% | PE14.5x | |
| 001965 China Merchants Expressway Network & Technology HoldingsLtd | CN¥11.73 | 2.3% +CN¥1.8b | 21.4% | PE12.2x | |
| 000429 Guangdong Provincial Expressway Development | CN¥11.80 | 6.8% +CN¥1.6b | 45.9% | PE15.1x | |
| 000900 Xiandai InvestmentLtd | CN¥4.57 | 10.4% +CN¥652.7m | 11.7% | PE13.1x |
