Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 1/6 |
Past Performance | 5/6 |
Financial Health | 4/6 |
Dividends | 6/6 |
600012 Stock Overview
Anhui Expressway Company Limited constructs, operates, manages, and develops toll roads and associated service sections in Anhui province, the People's Republic of China.
Rewards
Risk Analysis
No risks detected for 600012 from our risk checks.
Anhui Expressway Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | HK$7.03 |
52 Week High | HK$8.70 |
52 Week Low | HK$5.52 |
Beta | 0.61 |
1 Month Change | -3.96% |
3 Month Change | -1.13% |
1 Year Change | 16.97% |
3 Year Change | 19.36% |
5 Year Change | -44.91% |
Change since IPO | 34.93% |
Recent News & Updates
Shareholder Returns
600012 | CN Infrastructure | CN Market | |
---|---|---|---|
7D | -8.1% | 2.1% | 1.3% |
1Y | 17.0% | 8.9% | -11.2% |
Return vs Industry: 600012 exceeded the CN Infrastructure industry which returned 8.9% over the past year.
Return vs Market: 600012 exceeded the CN Market which returned -11.2% over the past year.
Price Volatility
600012 volatility | |
---|---|
600012 Average Weekly Movement | 4.1% |
Infrastructure Industry Average Movement | 4.9% |
Market Average Movement | 6.5% |
10% most volatile stocks in CN Market | 9.6% |
10% least volatile stocks in CN Market | 4.4% |
Stable Share Price: 600012 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 600012's weekly volatility (4%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1996 | 2,058 | Wensheng Tao | https://www.anhui-expressway.net |
Anhui Expressway Company Limited constructs, operates, manages, and develops toll roads and associated service sections in Anhui province, the People's Republic of China. The company owns interests in the Hening Expressway, New Tianchang Section of National Trunk 205, Gaojie Expressway, Xuanguang Expressway, Lianhuo Expressway Anhui Section, Ningxuanhang Expressway Tianchang Section, Guangci Expressway, Ningxuanhang Expressway, Anquing Yangtze River Expressway Bridge, and Yuewu Expressway Anhui section. It also provides pawn loan services.
Anhui Expressway Fundamentals Summary
600012 fundamental statistics | |
---|---|
Market Cap | CN¥10.77b |
Earnings (TTM) | CN¥1.54b |
Revenue (TTM) | CN¥3.92b |
5.6x
P/E Ratio2.2x
P/S RatioIs 600012 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
600012 income statement (TTM) | |
---|---|
Revenue | CN¥3.92b |
Cost of Revenue | CN¥1.57b |
Gross Profit | CN¥2.35b |
Other Expenses | CN¥810.30m |
Earnings | CN¥1.54b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 0.93 |
Gross Margin | 59.86% |
Net Profit Margin | 39.21% |
Debt/Equity Ratio | 49.1% |
How did 600012 perform over the long term?
See historical performance and comparisonDividends
10.3%
Current Dividend Yield59%
Payout RatioValuation
Is 600012 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 600012?
Other financial metrics that can be useful for relative valuation.
What is 600012's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | CN¥10.77b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 3.4x |
Enterprise Value/EBITDA | 4.3x |
PEG Ratio | 0.6x |
Price to Earnings Ratio vs Peers
How does 600012's PE Ratio compare to its peers?
600012 PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 17.5x | ||
000088 Shenzhen Yan Tian Port HoldingsLtd | 24.8x | n/a | CN¥11.4b |
600269 Jiangxi Ganyue ExpresswayLTD | 7.9x | n/a | CN¥8.3b |
200429 Guangdong Provincial Expressway Development | 6x | 3.7% | HK$17.0b |
000755 Shanxi Road & BridgeLtd | 31.3x | n/a | CN¥12.8b |
600012 Anhui Expressway | 5.6x | 9.1% | CN¥12.5b |
Price-To-Earnings vs Peers: 600012 is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (17.5x).
Price to Earnings Ratio vs Industry
How does 600012's PE Ratio compare vs other companies in the CN Infrastructure Industry?
Price-To-Earnings vs Industry: 600012 is good value based on its Price-To-Earnings Ratio (5.6x) compared to the CN Infrastructure industry average (14.4x)
Price to Earnings Ratio vs Fair Ratio
What is 600012'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.
Fair Ratio | |
---|---|
Current PE Ratio | 5.6x |
Fair PE Ratio | 15.7x |
Price-To-Earnings vs Fair Ratio: 600012 is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.7x).
Share Price vs Fair Value
What is the Fair Price of 600012 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 600012 (CN¥7.03) is trading below our estimate of fair value (CN¥21.24)
Significantly Below Fair Value: 600012 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Anhui Expressway forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600012's forecast earnings growth (9.1% per year) is above the savings rate (3.2%).
Earnings vs Market: 600012's earnings (9.1% per year) are forecast to grow slower than the CN market (24.4% per year).
High Growth Earnings: 600012's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600012's revenue (6.7% per year) is forecast to grow slower than the CN market (17.7% per year).
High Growth Revenue: 600012's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600012's Return on Equity is forecast to be low in 3 years time (14.3%).
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Past Performance
How has Anhui Expressway performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600012 has high quality earnings.
Growing Profit Margin: 600012's current net profit margins (39.2%) are higher than last year (35.2%).
Past Earnings Growth Analysis
Earnings Trend: 600012's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: 600012's earnings growth over the past year (20.4%) exceeds its 5-year average (6.2% per year).
Earnings vs Industry: 600012 earnings growth over the past year (20.4%) exceeded the Infrastructure industry 6.3%.
Return on Equity
High ROE: 600012's Return on Equity (12.4%) is considered low.
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Financial Health
How is Anhui Expressway's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 600012's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 600012's short term assets (CN¥4.8B) do not cover its long term liabilities (CN¥5.8B).
Debt to Equity History and Analysis
Debt Level: 600012's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: 600012's debt to equity ratio has increased from 29% to 49.1% over the past 5 years.
Debt Coverage: 600012's debt is well covered by operating cash flow (34.2%).
Interest Coverage: 600012's interest payments on its debt are well covered by EBIT (27.6x coverage).
Balance Sheet
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Dividend
What is Anhui Expressway current dividend yield, its reliability and sustainability?
Dividend Score
6/6Dividend Score 6/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
10.33%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600012's dividend (10.33%) is higher than the bottom 25% of dividend payers in the CN market (0.47%).
High Dividend: 600012's dividend (10.33%) is in the top 25% of dividend payers in the CN market (1.92%)
Stability and Growth of Payments
Stable Dividend: 600012's dividends per share have been stable in the past 10 years.
Growing Dividend: 600012's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (59.3%), 600012's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (48.7%), 600012's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Wensheng Tao (52 yo)
1.08yrs
Tenure
CN¥319,932
Compensation
Mr. Wensheng Tao serves as General Manager at Anhui Expressway Company Limited since June 11, 2021 and serves as its Executive Director since July 16, 2021. He holds a postgraduate degree and is a senior e...
CEO Compensation Analysis
Compensation vs Market: Wensheng's total compensation ($USD47.39K) is below average for companies of similar size in the CN market ($USD222.88K).
Compensation vs Earnings: Insufficient data to compare Wensheng's compensation with company performance.
Leadership Team
Experienced Management: 600012's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
Experienced Board: 600012's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Anhui Expressway Company Limited's employee growth, exchange listings and data sources
Key Information
- Name: Anhui Expressway Company Limited
- Ticker: 600012
- Exchange: XSSC
- Founded: 1996
- Industry: Highways and Railtracks
- Sector: Transportation
- Implied Market Cap: HK$12.523b
- Listing Market Cap: HK$10.773b
- Shares outstanding: 1.66b
- Website: https://www.anhui-expressway.net
Number of Employees
Location
- Anhui Expressway Company Limited
- 520 Wangjiang West Road
- Hefei
- Anhui Province
- 230088
- China
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/07/24 00:00 |
End of Day Share Price | 2022/07/22 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.