Shandong Hi-Speed Road&Bridge Group Co., Ltd.

SZSE:000498 Stock Report

Market Cap: CN¥9.5b

Shandong Hi-Speed Road&Bridge Group Valuation

Is 000498 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 000498 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000498 (CN¥6.13) is trading above our estimate of fair value (CN¥3.13)

Significantly Below Fair Value: 000498 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000498?

Key metric: As 000498 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000498. This is calculated by dividing 000498's market cap by their current earnings.
What is 000498's PE Ratio?
PE Ratio4.1x
EarningsCN¥2.34b
Market CapCN¥9.51b

Price to Earnings Ratio vs Peers

How does 000498's PE Ratio compare to its peers?

The above table shows the PE ratio for 000498 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22x
600502 Anhui Construction Engineering Group
5.8x10.1%CN¥8.4b
603153 Shanghai Research Institute of Building Sciences Group
24.5x12.2%CN¥8.0b
002929 Runjian
24.9x28.1%CN¥8.2b
002051 China CAMC Engineering
33x15.4%CN¥11.1b
000498 Shandong Hi-Speed Road&Bridge Group
4.1x8.0%CN¥9.5b

Price-To-Earnings vs Peers: 000498 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the peer average (22x).

Price to Earnings Ratio vs Industry

How does 000498's PE Ratio compare vs other companies in the CN Construction Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.23.5x14.3%
000498 Shandong Hi-Speed Road&Bridge Group
 4.1x8.0%US$1.31b
601668 China State Construction Engineering
4.9x6.8%US$34.17b
600248 Shaanxi Construction Engineering Group
4.3x12.6%US$2.31b
000498 4.1xIndustry Avg. 23.5xNo. of Companies16PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
Industry Avg.23.5x14.3%
000498 Shandong Hi-Speed Road&Bridge Group
 4.1x8.0%US$1.31b
No more companies

Price-To-Earnings vs Industry: 000498 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the CN Construction industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is 000498's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

000498 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.1x
Fair PE Ratio15.6x

Price-To-Earnings vs Fair Ratio: 000498 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Beijing New Building Materials

CN¥48.7b

Manufactures and sells building materials in China and internationally.

786

CN¥28.84

7D

-1.5%

1Y

21.6%

Contemporary Amperex Technology

CN¥1.1t

Engages in the development, production, sale, and after-sales service of power and energy storage batteries, and battery materials in China and internationally.

300750

CN¥259.10

7D

-2.4%

1Y

48.1%

Jiangshan Oupai Door Industry

CN¥3.3b

Engages in the research, development, manufacture, processing, sale, and service of wooden doors in China and internationally.

603208

CN¥18.53

7D

-6.2%

1Y

-44.5%