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Zheshang Securities Zhejiang ExpresswaySHSE:508001 Stock Report

Market Cap

CN¥30.6b

7D

2.4%

1Y

n/a

Updated

24 Sep, 2021

Data

Company Financials
508001 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

508001 Overview

No business description

Price History & Performance

Summary of all time highs, changes and price drops for Zheshang Securities Zhejiang Expressway
Historical stock prices
Current Share PriceCN¥9.88
52 Week HighCN¥8.24
52 Week LowCN¥9.88
Beta0
1 Month Change9.33%
3 Month Change12.07%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO7.92%

Recent News & Updates

Shareholder Returns

508001CN REITsCN Market
7D2.4%2.4%-0.2%
1Yn/a10.3%12.9%

Return vs Industry: Insufficient data to determine how 508001 performed against the CN REITs industry.

Return vs Market: Insufficient data to determine how 508001 performed against the CN Market.

Price Volatility

Is 508001's price volatile compared to industry and market?
508001 volatility
508001 Beta0
Industry Beta0.66
Market Beta1

Stable Share Price: 508001 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: Insufficient data to determine 508001's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/an/a

Zheshang Securities Zhejiang Expressway Fundamentals Summary

How do Zheshang Securities Zhejiang Expressway's earnings and revenue compare to its market cap?
508001 fundamental statistics
Market CapCN¥30.64b
Earnings (TTM)CN¥5.86m
Revenue (TTM)CN¥456.74m

5.2kx

P/E Ratio

67.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
508001 income statement (TTM)
RevenueCN¥456.74m
Cost of RevenueCN¥418.90m
Gross ProfitCN¥37.84m
ExpensesCN¥31.98m
EarningsCN¥5.86m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.0019
Gross Margin8.28%
Net Profit Margin1.28%
Debt/Equity Ratio22.2%

How did 508001 perform over the long term?

See historical performance and comparison

Valuation

Is Zheshang Securities Zhejiang Expressway undervalued compared to its fair value and its price relative to the market?

5226.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 508001 (CN¥9.88) is trading above our estimate of fair value (CN¥2.4)

Significantly Below Fair Value: 508001 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 508001 is poor value based on its PE Ratio (5226.5x) compared to the Asian REITs industry average (22.5x).

PE vs Market: 508001 is poor value based on its PE Ratio (5226.5x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 508001's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 508001 is overvalued based on its PB Ratio (13.6x) compared to the XA REITs industry average (1.1x).


Future Growth

How is Zheshang Securities Zhejiang Expressway forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.8%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zheshang Securities Zhejiang Expressway has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Zheshang Securities Zhejiang Expressway performed over the past 5 years?

-93.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: 508001 has a large one-off loss of CN¥5.3M impacting its December 31 2020 financial results.

Growing Profit Margin: 508001's current net profit margins (1.3%) are lower than last year (15.7%).


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if 508001's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare 508001's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: 508001 had negative earnings growth (-93.6%) over the past year, making it difficult to compare to the REITs industry average (-23.5%).


Return on Equity

High ROE: 508001's Return on Equity (0.3%) is considered low.


Financial Health

How is Zheshang Securities Zhejiang Expressway's financial position?


Financial Position Analysis

Short Term Liabilities: 508001's short term assets (CN¥187.8M) do not cover its short term liabilities (CN¥619.9M).

Long Term Liabilities: 508001's short term assets (CN¥187.8M) exceed its long term liabilities (CN¥21.8M).


Debt to Equity History and Analysis

Debt Level: 508001's debt to equity ratio (22.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 508001's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 508001's debt is well covered by operating cash flow (59.3%).

Interest Coverage: 508001's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Dividend

What is Zheshang Securities Zhejiang Expressway current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 508001's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 508001's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 508001's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 508001's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 508001's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

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


CEO

Zheshang Securities Zhejiang Expressway has no CEO, or we have no data on them.


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: 508001 only recently listed within the past 12 months.


Top Shareholders

Company Information

Zheshang Securities Zhejiang Expressway's employee growth, exchange listings and data sources


Key Information

  • Name: Zheshang Securities Zhejiang Expressway
  • Ticker: 508001
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Market Cap: CN¥30.640b
  • Shares outstanding: 3.10b

Location

  • Zheshang Securities Zhejiang Expressway
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 15:44
End of Day Share Price2021/09/24 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.