SHSE:601668

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China State Construction Engineering

Executive Summary

China State Construction Engineering Corporation Limited operates as an integrated construction and real estate company primarily in China. More Details


Snowflake Analysis

6 star dividend payer and good value.


Similar Companies

Share Price & News

How has China State Construction Engineering's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 601668 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 601668's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

1.1%

601668

0.05%

CN Construction

0.04%

CN Market


1 Year Return

4.3%

601668

1.4%

CN Construction

31.5%

CN Market

Return vs Industry: 601668 exceeded the CN Construction industry which returned 1.4% over the past year.

Return vs Market: 601668 underperformed the CN Market which returned 31.5% over the past year.


Shareholder returns

601668IndustryMarket
7 Day1.1%0.05%0.04%
30 Day3.7%1.3%2.8%
90 Day3.3%-2.6%-1.0%
1 Year8.3%4.3%3.7%1.4%33.8%31.5%
3 Year-14.4%-22.1%-27.1%-31.2%18.6%12.8%
5 Year30.9%12.0%-29.4%-35.3%8.6%1.2%

Long-Term Price Volatility Vs. Market

How volatile is China State Construction Engineering's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China State Construction Engineering undervalued compared to its fair value and its price relative to the market?

5.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 601668 (CN¥5.37) is trading above our estimate of fair value (CN¥2.53)

Significantly Below Fair Value: 601668 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 601668 is good value based on its PE Ratio (5.2x) compared to the CN Construction industry average (20.7x).

PE vs Market: 601668 is good value based on its PE Ratio (5.2x) compared to the CN market (38.9x).


Price to Earnings Growth Ratio

PEG Ratio: 601668 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: 601668 is good value based on its PB Ratio (0.8x) compared to the CN Construction industry average (1.5x).


Next Steps

Future Growth

How is China State Construction Engineering forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 601668's forecast earnings growth (11.7% per year) is above the savings rate (3.3%).

Earnings vs Market: 601668's earnings (11.7% per year) are forecast to grow slower than the CN market (24.3% per year).

High Growth Earnings: 601668's earnings are forecast to grow, but not significantly.

Revenue vs Market: 601668's revenue (10.3% per year) is forecast to grow slower than the CN market (18% per year).

High Growth Revenue: 601668's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 601668's Return on Equity is forecast to be low in 3 years time (13.5%).


Next Steps

Past Performance

How has China State Construction Engineering performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 601668 has high quality earnings.

Growing Profit Margin: 601668's current net profit margins (2.7%) are lower than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: 601668's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: 601668's earnings growth over the past year (6%) is below its 5-year average (10% per year).

Earnings vs Industry: 601668 earnings growth over the past year (6%) exceeded the Construction industry -0.02%.


Return on Equity

High ROE: 601668's Return on Equity (12.1%) is considered low.


Next Steps

Financial Health

How is China State Construction Engineering's financial position?


Financial Position Analysis

Short Term Liabilities: 601668's short term assets (CN¥1,596.6B) exceed its short term liabilities (CN¥1,229.2B).

Long Term Liabilities: 601668's short term assets (CN¥1,596.6B) exceed its long term liabilities (CN¥422.7B).


Debt to Equity History and Analysis

Debt Level: 601668's debt to equity ratio (100.4%) is considered high.

Reducing Debt: 601668's debt to equity ratio has reduced from 104% to 100.4% over the past 5 years.

Debt Coverage: 601668's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 601668's interest payments on its debt are well covered by EBIT (55.2x coverage).


Balance Sheet


Next Steps

Dividend

What is China State Construction Engineering current dividend yield, its reliability and sustainability?

3.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 601668's dividend (3.45%) is higher than the bottom 25% of dividend payers in the CN market (0.36%).

High Dividend: 601668's dividend (3.45%) is in the top 25% of dividend payers in the CN market (1.63%)


Stability and Growth of Payments

Stable Dividend: 601668's dividends per share have been stable in the past 10 years.

Growing Dividend: 601668's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.9%), 601668's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 601668's dividends in 3 years are forecast to be well covered by earnings (19.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Xuexuan Zheng (53 yo)

0.67

Tenure

Mr. Xuexuan Zheng serves as General Manager and President at China State Construction Engineering Corporation Limited since March 4, 2020. He has been a Director at China State Construction Engineering Cor...


Leadership Team

NamePositionTenureCompensationOwnership
Bai'an Li
VP & GM of Investment Department7.25yrsCN¥2.00mno data
Keqing Xue
Secretary of the Board1.67yrsCN¥1.94mno data
Xuexuan Zheng
President0.67yrno datano data
Yunlin Wang
VP & CFO1.67yrsno datano data
Jinzhang Liu
Chief Economist & Deputy GM16.17yrsCN¥865.00kno data
Zeping Ma
VP & President of Infrastructure Operationsno dataCN¥707.00kno data
Zhibing Mao
Chief Engineer9.33yrsno datano data
Guiqing Lu
Chief Economistno datano datano data
Yong Zhou
Vice Presidentno datano datano data

4.5yrs

Average Tenure

56yo

Average Age

Experienced Management: 601668's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xuexuan Zheng
President0.67yrno datano data
Zhibing Mao
Chief Engineer9.33yrsno datano data
Chunjin Yang
Independent Director6.42yrsCN¥60.00kno data
Hailong Yu
Independent Director6.42yrsCN¥60.00kno data
Chen Jia
Independent Directorno dataCN¥60.00kno data
Changhong Zheng
Independent Directorno dataCN¥60.00kno data
Naixiang Zhou
Chairman of the Board1.08yrsno datano data
Lie Yang Gao
Chairman of the Supervisory Boardno datano datano data
Jian Bo Li
Supervisorno datano datano data
Shi Fang Tian
Supervisorno datano datano data
Wang Chu Ning
Employee Supervisorno datano datano data
Yan Bin Lu
Employee Supervisorno datano datano data

6.4yrs

Average Tenure

62yo

Average Age

Experienced Board: 601668's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China State Construction Engineering Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China State Construction Engineering Corporation Limited
  • Ticker: 601668
  • Exchange: SHSE
  • Founded: 1982
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: CN¥225.352b
  • Shares outstanding: 41.97b
  • Website: https://www.cscec.com.cn

Number of Employees


Location

  • China State Construction Engineering Corporation Limited
  • China Construction Fortune Int. Center
  • Building 3
  • Beijing
  • 100029
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
601668SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJul 2009
601668XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJul 2009

Biography

China State Construction Engineering Corporation Limited operates as an integrated construction and real estate company primarily in China. It undertakes housing construction; infrastructure projects of ra...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 09:08
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.