Shandong Hi-speed Company Limited invests in, operates, and manages transportation infrastructure in China. More Details
Established dividend payer and fair value.
Share Price & News
How has Shandong Hi-speed's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 600350 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 600350's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 600350 exceeded the CN Infrastructure industry which returned 4.8% over the past year.
Return vs Market: 600350 exceeded the CN Market which returned 28.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Shandong Hi-speed's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Shandong Hi-speed undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 600350 (CN¥6.29) is trading above our estimate of fair value (CN¥4.53)
Significantly Below Fair Value: 600350 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 600350 is good value based on its PE Ratio (15.6x) compared to the CN Infrastructure industry average (21.7x).
PE vs Market: 600350 is good value based on its PE Ratio (15.6x) compared to the CN market (33.9x).
Price to Earnings Growth Ratio
PEG Ratio: 600350 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 600350's PB Ratio (1x) is in line with the CN Infrastructure industry average.
How is Shandong Hi-speed forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600350's forecast earnings growth (18.4% per year) is above the savings rate (3.3%).
Earnings vs Market: 600350's earnings (18.4% per year) are forecast to grow slower than the CN market (23.4% per year).
High Growth Earnings: 600350's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600350's revenue (15.4% per year) is forecast to grow slower than the CN market (17.9% per year).
High Growth Revenue: 600350's revenue (15.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600350's Return on Equity is forecast to be low in 3 years time (11.3%).
How has Shandong Hi-speed performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600350 has high quality earnings.
Growing Profit Margin: 600350's current net profit margins (17.9%) are lower than last year (30%).
Past Earnings Growth Analysis
Earnings Trend: 600350's earnings have declined by 7.7% per year over the past 5 years.
Accelerating Growth: 600350's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 600350 had negative earnings growth (-34.5%) over the past year, making it difficult to compare to the Infrastructure industry average (-28.6%).
Return on Equity
High ROE: 600350's Return on Equity (5.9%) is considered low.
How is Shandong Hi-speed's financial position?
Financial Position Analysis
Short Term Liabilities: 600350's short term assets (CN¥12.8B) do not cover its short term liabilities (CN¥18.4B).
Long Term Liabilities: 600350's short term assets (CN¥12.8B) do not cover its long term liabilities (CN¥38.2B).
Debt to Equity History and Analysis
Debt Level: 600350's debt to equity ratio (121%) is considered high.
Reducing Debt: 600350's debt to equity ratio has increased from 65.1% to 121% over the past 5 years.
Debt Coverage: 600350's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: 600350's interest payments on its debt are well covered by EBIT (22.7x coverage).
What is Shandong Hi-speed current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600350's dividend (6.04%) is higher than the bottom 25% of dividend payers in the CN market (0.43%).
High Dividend: 600350's dividend (6.04%) is in the top 25% of dividend payers in the CN market (1.81%)
Stability and Growth of Payments
Stable Dividend: 600350's dividends per share have been stable in the past 10 years.
Growing Dividend: 600350's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (94.5%), 600350's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600350's dividends in 3 years are forecast to be covered by earnings (59.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Zhibin Wang (53 yo)
Mr. Zhibin Wang has been General Manager and Director of Shandong Hi-Speed Co., Ltd. since February 10, 2015 and February 27, 2015 respectively and serves as its Vice Chairman of Board of Directors.
Experienced Management: 600350's management team is considered experienced (2 years average tenure).
Experienced Board: 600350's board of directors are seasoned and experienced ( 15 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Shandong Hi-speed Company Limited's company bio, employee growth, exchange listings and data sources
- Name: Shandong Hi-speed Company Limited
- Ticker: 600350
- Exchange: SHSE
- Founded: 1999
- Industry: Highways and Railtracks
- Sector: Transportation
- Market Cap: CN¥30.262b
- Shares outstanding: 4.81b
- Website: https://www.sdecl.com.cn
Number of Employees
- Shandong Hi-speed Company Limited
- No. 5006, Olympic Middle Road
- Shandong Province
Shandong Hi-speed Company Limited invests in, operates, and manages transportation infrastructure in China. The company operates roads, bridges, and highways. It also invests in land development projects; ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 09:07|
|End of Day Share Price||2021/04/09 00:00|
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.