China Merchants Expressway Network & Technology Holdings Co.,Ltd.

SZSE:001965 Stock Report

Market Cap: CN¥92.6b

China Merchants Expressway Network & Technology HoldingsLtd Valuation

Is 001965 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 001965 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 001965 (CN¥13.57) is trading below our estimate of fair value (CN¥17)

Significantly Below Fair Value: 001965 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 001965?

Key metric: As 001965 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 001965. This is calculated by dividing 001965's market cap by their current earnings.
What is 001965's PE Ratio?
PE Ratio14.1x
EarningsCN¥6.56b
Market CapCN¥92.55b

Price to Earnings Ratio vs Peers

How does 001965's PE Ratio compare to its peers?

The above table shows the PE ratio for 001965 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.2x
600350 Shandong Hi-speed
15.3x8.8%CN¥48.0b
000088 Shenzhen Yan Tian Port HoldingsLtd
21.7xn/aCN¥25.2b
000429 Guangdong Provincial Expressway Development
17.3x1.6%CN¥26.2b
600269 Jiangxi Ganyue ExpresswayLTD
10.5xn/aCN¥13.1b
001965 China Merchants Expressway Network & Technology HoldingsLtd
14.1x0.8%CN¥92.6b

Price-To-Earnings vs Peers: 001965 is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (16.2x).

Price to Earnings Ratio vs Industry

How does 001965's PE Ratio compare vs other companies in the CN Infrastructure Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
001965 14.1xIndustry Avg. 16.6xNo. of Companies8PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 001965 is good value based on its Price-To-Earnings Ratio (14.1x) compared to the CN Infrastructure industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is 001965'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.

001965 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ratio16.7x

Price-To-Earnings vs Fair Ratio: 001965 is good value based on its Price-To-Earnings Ratio (14.1x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).

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 001965 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥13.57
CN¥13.51
-0.5%
3.0%CN¥14.00CN¥13.00n/a3
Dec ’25CN¥11.89
CN¥13.51
+13.6%
3.0%CN¥14.00CN¥13.00n/a3
Nov ’25CN¥11.94
CN¥13.51
+13.1%
3.0%CN¥14.00CN¥13.00n/a3
Oct ’25CN¥12.59
CN¥13.51
+7.3%
3.0%CN¥14.00CN¥13.00n/a3
Sep ’25CN¥12.04
CN¥13.51
+12.2%
3.0%CN¥14.00CN¥13.00n/a3
Aug ’25CN¥12.76
CN¥13.43
+5.2%
3.8%CN¥14.00CN¥12.76n/a3
Jul ’25CN¥12.11
CN¥13.43
+10.9%
3.8%CN¥14.00CN¥12.76n/a3
Jun ’25CN¥11.75
CN¥13.43
+14.3%
3.8%CN¥14.00CN¥12.76n/a3
May ’25CN¥11.08
CN¥13.14
+18.6%
2.9%CN¥13.52CN¥12.76n/a2
Apr ’25CN¥11.09
CN¥10.75
-3.1%
5.4%CN¥11.55CN¥10.21n/a3
Mar ’25CN¥10.56
CN¥10.75
+1.8%
5.4%CN¥11.55CN¥10.21n/a3
Feb ’25CN¥10.21
CN¥10.75
+5.2%
5.4%CN¥11.55CN¥10.21n/a3
Jan ’25CN¥9.77
CN¥10.75
+10.0%
5.4%CN¥11.55CN¥10.21n/a3
Dec ’24CN¥9.70
CN¥10.56
+8.8%
3.0%CN¥10.98CN¥10.21CN¥11.893
Nov ’24CN¥9.27
CN¥10.54
+13.6%
3.1%CN¥10.98CN¥10.21CN¥11.943
Oct ’24CN¥9.65
CN¥10.11
+4.7%
0.7%CN¥10.21CN¥10.03CN¥12.593
Sep ’24CN¥9.85
CN¥10.11
+2.6%
0.7%CN¥10.21CN¥10.03CN¥12.043
Aug ’24CN¥9.18
CN¥10.05
+9.5%
0.4%CN¥10.09CN¥10.01CN¥12.762
Jul ’24CN¥9.60
CN¥10.05
+4.7%
0.4%CN¥10.09CN¥10.01CN¥12.112
Jun ’24CN¥9.21
CN¥10.05
+9.1%
0.4%CN¥10.09CN¥10.01CN¥11.752
May ’24CN¥9.18
CN¥9.90
+7.8%
1.2%CN¥10.01CN¥9.78CN¥11.082
Apr ’24CN¥8.47
CN¥8.83
+4.3%
0.7%CN¥8.89CN¥8.77CN¥11.092
Mar ’24CN¥8.47
CN¥8.83
+4.3%
0.7%CN¥8.89CN¥8.77CN¥10.562
Feb ’24CN¥7.89
CN¥8.83
+11.9%
0.7%CN¥8.89CN¥8.77CN¥10.212
Jan ’24CN¥7.77
CN¥8.83
+13.6%
0.7%CN¥8.89CN¥8.77CN¥9.772
Dec ’23CN¥7.81
CN¥8.83
+13.1%
0.7%CN¥8.89CN¥8.77CN¥9.702

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 02:42
End of Day Share Price 2024/12/26 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 Merchants Expressway Network & Technology Holdings Co.,Ltd. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Xin YangChina International Capital Corporation Limited
Yuanfan GuChina International Capital Corporation Limited
Baoliang SuChina Merchants Securities Co. Ltd.