China Merchants Expressway Network & Technology Holdings Co., Ltd. More Details
Average dividend payer and fair value.
Share Price & News
How has China Merchants Expressway Network & Technology Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 001965 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 001965's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 001965 exceeded the CN Infrastructure industry which returned 6.6% over the past year.
Return vs Market: 001965 underperformed the CN Market which returned 27.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is China Merchants Expressway Network & Technology Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is China Merchants Expressway Network & Technology Holdings 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: 001965 (CN¥7.65) is trading above our estimate of fair value (CN¥3.59)
Significantly Below Fair Value: 001965 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 001965 is poor value based on its PE Ratio (21.7x) compared to the CN Infrastructure industry average (21x).
PE vs Market: 001965 is good value based on its PE Ratio (21.7x) compared to the CN market (34.5x).
Price to Earnings Growth Ratio
PEG Ratio: 001965 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 001965 is good value based on its PB Ratio (0.9x) compared to the CN Infrastructure industry average (1x).
How is China Merchants Expressway Network & Technology Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 001965's forecast earnings growth (24.9% per year) is above the savings rate (3.3%).
Earnings vs Market: 001965's earnings (24.9% per year) are forecast to grow faster than the CN market (23.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 001965's revenue (12.6% per year) is forecast to grow slower than the CN market (18% per year).
High Growth Revenue: 001965's revenue (12.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 001965's Return on Equity is forecast to be low in 3 years time (8.5%).
How has China Merchants Expressway Network & Technology Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 001965 has high quality earnings.
Growing Profit Margin: 001965's current net profit margins (31.4%) are lower than last year (52.7%).
Past Earnings Growth Analysis
Earnings Trend: 001965's earnings have declined by 3.3% per year over the past 5 years.
Accelerating Growth: 001965's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 001965 had negative earnings growth (-48.4%) over the past year, making it difficult to compare to the Infrastructure industry average (-28.6%).
Return on Equity
High ROE: 001965's Return on Equity (4.3%) is considered low.
How is China Merchants Expressway Network & Technology Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 001965's short term assets (CN¥10.9B) do not cover its short term liabilities (CN¥11.1B).
Long Term Liabilities: 001965's short term assets (CN¥10.9B) do not cover its long term liabilities (CN¥23.2B).
Debt to Equity History and Analysis
Debt Level: 001965's debt to equity ratio (42.9%) is considered high.
Reducing Debt: 001965's debt to equity ratio has increased from 25.1% to 42.9% over the past 5 years.
Debt Coverage: 001965's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: 001965 earns more interest than it pays, so coverage of interest payments is not a concern.
What is China Merchants Expressway Network & Technology Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 001965's dividend (2.31%) is higher than the bottom 25% of dividend payers in the CN market (0.42%).
High Dividend: 001965's dividend (2.31%) is in the top 25% of dividend payers in the CN market (1.79%)
Stability and Growth of Payments
Stable Dividend: 001965 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 001965 has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.3%), 001965's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 001965's dividends in 3 years are forecast to be well covered by earnings (40.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Changsong Liu (43 yo)
Mr. Changsong Liu has been a Non-Independent Director at China Merchants Expressway Network & Technology Holdings Co., Ltd. since July 31, 2019 and serves as its General Manager Since January 30, 2019. He ...
Experienced Management: 001965's management team is considered experienced (3.3 years average tenure).
Experienced Board: 001965's board of directors are considered experienced (4.6 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.
China Merchants Expressway Network & Technology Holdings Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: China Merchants Expressway Network & Technology Holdings Co., Ltd.
- Ticker: 1965
- Exchange: SZSE
- Founded: 1965
- Industry: Highways and Railtracks
- Sector: Transportation
- Market Cap: CN¥47.263b
- Shares outstanding: 6.18b
- Website: https://www.cmhighway.com
Number of Employees
- China Merchants Expressway Network & Technology Holdings Co., Ltd.
- China Merchants Office Building
- 31st Floor
China Merchants Expressway Network & Technology Holdings Co., Ltd. invests in and operates expressways in China. The company operates expressways under the Jing-Jin-Tang Expressway, Bo Fu Expressway, Beilu...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 09:08|
|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.