China State Construction Engineering Corporation Limited

XSSC:601668 Stock Report

Market Cap: CN¥228.9b

China State Construction Engineering Valuation

Is 601668 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 601668 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CN¥23.83
Fair Value
76.9% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: 601668 (CN¥5.5) is trading below our estimate of fair value (CN¥23.83)

Significantly Below Fair Value: 601668 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601668?

Key metric: As 601668 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601668. This is calculated by dividing 601668's market cap by their current earnings.
What is 601668's PE Ratio?
PE Ratio4.6x
EarningsCN¥50.11b
Market CapCN¥228.86b

Price to Earnings Ratio vs Peers

How does 601668's PE Ratio compare to its peers?

The above table shows the PE ratio for 601668 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7x
601390 China Railway Group
5.1x9.9%CN¥133.7b
601186 China Railway Construction
5.7x7.8%CN¥106.7b
601669 Power Construction Corporation of China
7x14.0%CN¥85.8b
600039 Sichuan Road & Bridge GroupLtd
10.2x10.4%CN¥61.7b
601668 China State Construction Engineering
4.6x6.5%CN¥228.9b

Price-To-Earnings vs Peers: 601668 is good value based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (7x).

Price to Earnings Ratio vs Industry

How does 601668's PE Ratio compare vs other companies in the CN Construction Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
000498 Shandong Hi-Speed Road&Bridge Group
3.7x8.0%US$1.16b
002482 Shenzhen Grandland Group
2.7xn/aUS$1.02b
002564 SuZhou THVOW Technology
1.8xn/aUS$504.92m
No more companies available in this PE range
601668 4.6xIndustry Avg. 20.4xNo. of Companies16PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601668 is good value based on its Price-To-Earnings Ratio (4.6x) compared to the CN Construction industry average (20.4x).

Price to Earnings Ratio vs Fair Ratio

What is 601668'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.

601668 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.6x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: 601668 is good value based on its Price-To-Earnings Ratio (4.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).

Analyst Price Targets

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

The above table shows the analyst 601668 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥5.50
CN¥7.36
+33.7%
9.9%CN¥8.63CN¥6.50n/a10
Jan ’26CN¥6.00
CN¥7.36
+22.6%
9.9%CN¥8.63CN¥6.50n/a10
Dec ’25CN¥5.98
CN¥7.36
+23.0%
9.9%CN¥8.63CN¥6.50n/a10
Nov ’25CN¥6.15
CN¥7.37
+19.9%
9.6%CN¥8.63CN¥6.50n/a10
Oct ’25CN¥6.18
CN¥7.37
+19.2%
11.3%CN¥8.63CN¥6.09n/a10
Sep ’25CN¥5.39
CN¥7.43
+37.8%
10.2%CN¥8.63CN¥6.50n/a10
Aug ’25CN¥5.62
CN¥7.39
+31.5%
10.0%CN¥8.63CN¥6.50n/a10
Jul ’25CN¥5.44
CN¥7.32
+34.6%
10.2%CN¥8.63CN¥6.50n/a9
Jun ’25CN¥5.63
CN¥7.54
+33.9%
14.8%CN¥10.29CN¥6.60n/a9
May ’25CN¥5.36
CN¥7.54
+40.7%
14.8%CN¥10.29CN¥6.60n/a9
Apr ’25CN¥5.27
CN¥7.64
+45.0%
15.8%CN¥10.29CN¥6.22n/a10
Mar ’25CN¥5.32
CN¥7.60
+42.9%
15.2%CN¥10.29CN¥6.22n/a11
Feb ’25CN¥5.02
CN¥7.60
+51.4%
15.2%CN¥10.29CN¥6.22n/a11
Jan ’25CN¥4.81
CN¥7.60
+58.0%
15.2%CN¥10.29CN¥6.22CN¥6.0011
Dec ’24CN¥4.95
CN¥7.81
+57.8%
14.0%CN¥10.29CN¥6.60CN¥5.9811
Nov ’24CN¥5.15
CN¥7.91
+53.6%
17.0%CN¥11.40CN¥6.60CN¥6.1511
Oct ’24CN¥5.53
CN¥8.11
+46.7%
16.3%CN¥11.40CN¥6.60CN¥6.1811
Sep ’24CN¥5.72
CN¥8.19
+43.2%
15.8%CN¥11.40CN¥6.60CN¥5.3911
Aug ’24CN¥6.10
CN¥8.45
+38.5%
15.6%CN¥11.40CN¥6.60CN¥5.6211
Jul ’24CN¥5.74
CN¥8.45
+47.2%
15.6%CN¥11.40CN¥6.60CN¥5.4411
Jun ’24CN¥6.01
CN¥8.45
+40.6%
15.6%CN¥11.40CN¥6.60CN¥5.6311
May ’24CN¥6.57
CN¥8.40
+27.9%
19.6%CN¥12.40CN¥6.50CN¥5.3611
Apr ’24CN¥5.80
CN¥7.94
+36.8%
21.9%CN¥12.40CN¥6.30CN¥5.2710
Mar ’24CN¥5.75
CN¥7.94
+38.0%
21.9%CN¥12.40CN¥6.30CN¥5.3210
Feb ’24CN¥5.57
CN¥7.93
+42.3%
22.0%CN¥12.40CN¥6.30CN¥5.0210
Jan ’24CN¥5.43
CN¥8.07
+48.7%
21.8%CN¥12.40CN¥6.30CN¥4.8110
Analyst Price Target
Consensus Narrative from 10 Analysts
CN¥7.36
Fair Value
25.2% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 00:25
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China State Construction Engineering Corporation Limited is covered by 32 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Summer WangBofA Global Research
Chunhui BiChangjiang Securities Co. LTD.
Henghui ShiChangjiang Securities Co. LTD.