China State Construction Engineering Corporation Limited

XSSC:601668 Stock Report

Market Cap: CN¥247.6b

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.

Below Fair Value: 601668 (CN¥5.95) 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 Ratio4.9x
EarningsCN¥50.11b
Market CapCN¥247.58b

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 Average7.6x
601390 China Railway Group
5.6x11.9%CN¥147.5b
601186 China Railway Construction
6.3x8.1%CN¥116.0b
601669 Power Construction Corporation of China
7.8x14.0%CN¥96.1b
600039 Sichuan Road & Bridge GroupLtd
10.5x17.6%CN¥63.2b
601668 China State Construction Engineering
4.9x6.8%CN¥247.6b

Price-To-Earnings vs Peers: 601668 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (7.6x).

Price to Earnings Ratio vs Industry

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

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

Price-To-Earnings vs Industry: 601668 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the CN Construction industry average (23.5x).

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 Ratio4.9x
Fair PE Ratio23.6x

Price-To-Earnings vs Fair Ratio: 601668 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.6x).

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¥5.95
CN¥7.37
+23.9%
9.6%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¥6.22n/a11
Dec ’24CN¥4.95
CN¥7.81
+57.8%
14.0%CN¥10.29CN¥6.60n/a11
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
Dec ’23CN¥5.74
CN¥8.07
+40.7%
21.8%CN¥12.40CN¥6.30CN¥4.9510
Nov ’23CN¥4.83
CN¥8.08
+67.3%
23.0%CN¥12.40CN¥6.30CN¥5.159

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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