China Communications Construction Company Limited

DB:CYY Stock Report

Market Cap: €19.1b

China Communications Construction Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: CYY (€0.6) is trading above our estimate of fair value (€0.49)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CYY. This is calculated by dividing CYY's market cap by their current earnings.
What is CYY's PE Ratio?
PE Ratio3.4x
EarningsCN¥22.39b
Market CapCN¥144.01b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CYY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average62.4x
HOT HOCHTIEF
12.2x2.5%€8.8b
NCH2 thyssenkrupp nucera KGaA
183.5x55.9%€1.0b
MTX MTU Aero Engines
24.2x10.7%€17.1b
B5A0 BAUER
29.9x38.2%€166.1m
CYY China Communications Construction
3.4x10.0%€154.7b

Price-To-Earnings vs Peers: CYY is good value based on its Price-To-Earnings Ratio (3.4x) compared to the peer average (62.4x).

Price to Earnings Ratio vs Industry

How does CYY's PE Ratio compare vs other companies in the European Construction Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CYY 3.4xIndustry Avg. 13.1xNo. of Companies18PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CYY is good value based on its Price-To-Earnings Ratio (3.4x) compared to the European Construction industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is CYY'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.

CYY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.4x
Fair PE Ratio20.7x

Price-To-Earnings vs Fair Ratio: CYY is good value based on its Price-To-Earnings Ratio (3.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.7x).

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 CYY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.60
€0.78
+30.7%
16.3%€0.92€0.62n/a3
Nov ’25€0.60
€0.80
+32.7%
16.5%€0.92€0.61n/a4
Oct ’25€0.56
€0.73
+29.8%
15.1%€0.90€0.61n/a5
Sep ’25€0.55
€0.72
+31.5%
14.3%€0.91€0.59n/a7
Aug ’25€0.54
€0.71
+33.5%
14.3%€0.90€0.60n/a7
Jul ’25€0.55
€0.73
+34.1%
14.1%€0.92€0.61n/a7
Jun ’25€0.55
€0.70
+26.4%
21.1%€0.91€0.45n/a6
May ’25€0.49
€0.68
+38.1%
22.9%€0.92€0.46n/a7
Apr ’25€0.43
€0.66
+53.7%
18.5%€0.83€0.46n/a8
Mar ’25€0.43
€0.62
+43.9%
19.6%€0.77€0.39n/a10
Feb ’25€0.40
€0.63
+58.1%
21.0%€0.80€0.39n/a10
Jan ’25€0.39
€0.64
+66.1%
19.0%€0.80€0.39n/a10
Dec ’24€0.39
€0.65
+65.3%
18.1%€0.80€0.39n/a11
Nov ’24€0.41
€0.69
+69.7%
22.3%€1.00€0.40€0.6011
Oct ’24€0.45
€0.71
+58.4%
19.6%€1.00€0.40€0.5611
Sep ’24€0.41
€0.71
+74.2%
22.3%€0.97€0.38€0.5511
Aug ’24€0.52
€0.73
+40.2%
22.1%€0.92€0.38€0.5410
Jul ’24€0.49
€0.72
+47.6%
22.5%€0.92€0.38€0.5510
Jun ’24€0.55
€0.75
+37.4%
23.5%€0.96€0.37€0.5510
May ’24€0.60
€0.67
+11.5%
22.4%€0.96€0.37€0.4911
Apr ’24€0.54
€0.64
+20.4%
23.4%€0.98€0.38€0.4311
Mar ’24€0.47
€0.61
+30.8%
23.4%€0.96€0.39€0.4310
Feb ’24€0.46
€0.63
+37.8%
22.6%€0.98€0.43€0.4010
Jan ’24€0.44
€0.63
+43.9%
22.7%€0.97€0.42€0.3910
Dec ’23€0.45
€0.63
+41.0%
21.3%€0.97€0.42€0.3912
Nov ’23€0.39
€0.67
+71.3%
21.5%€0.99€0.43€0.4111

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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