China Communications Construction
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China Communications Construction Company Limited, together with its subsidiaries, engages in the infrastructure construction, infrastructure design, dredging, and other businesses. The last earnings update was 23 days ago. More info.
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1800 Share Price and Events
7 Day Returns
1 Year Returns
1800 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| China Communications Construction (1800) | -1.1% | -11.9% | -16.1% | -16.3% | -17.5% | 36.1% |
| HK Construction | -0% | -10% | -10.9% | -20.2% | -13.2% | 6.3% |
| HK Market | -1.6% | -9.5% | -5.2% | -16.6% | 24.8% | 7.3% |
1 Year Return vs Industry and Market
- 1800 outperformed the Construction industry which returned -20.2% over the past year.
1800 Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
China Communications Construction
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for China Communications Construction.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 14 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 13.3% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6% |
| Construction Unlevered Beta | Simply Wall St/ S&P Global | 0.98 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 25%) (184.17%)) |
1.899 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.9 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.899 * 5.96%) |
13.32% |
Discounted Cash Flow Calculation for SEHK:1800 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for China Communications Construction is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 13.32%) |
|
|---|---|---|---|
| 2019 | 12,016.27 | Analyst x1 | 10,603.71 |
| 2020 | 15,422.29 | Analyst x1 | 12,009.51 |
| 2021 | 15,175.30 | Analyst x1 | 10,428.02 |
| 2022 | 15,094.88 | Est @ -0.53% | 9,153.39 |
| 2023 | 15,129.59 | Est @ 0.23% | 8,095.94 |
| 2024 | 15,244.85 | Est @ 0.76% | 7,198.66 |
| 2025 | 15,417.76 | Est @ 1.13% | 6,424.48 |
| 2026 | 15,632.81 | Est @ 1.39% | 5,748.33 |
| 2027 | 15,879.38 | Est @ 1.58% | 5,152.60 |
| 2028 | 16,150.13 | Est @ 1.7% | 4,624.42 |
| Present value of next 10 years cash flows | CN¥79,439.06 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥16,150.13 × (1 + 2%) ÷ (13.32% – 2%) |
CN¥145,547.28 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥145,547.28 ÷ (1 + 13.32%)10 |
CN¥41,675.90 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥79,439.06 + CN¥41,675.90 |
CN¥121,114.96 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥121,114.96 / 16,174.74 |
CN¥7.49 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:1800) |
1.137 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥7.49 x 1.137 |
HK$8.52 |
| Value per share (HKD) | From above. | HK$8.52 |
| Current discount | Discount to share price of
HK$7.09
= -1 x (HK$7.09 - HK$8.52) / HK$8.52 |
16.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- China Communications Construction's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- China Communications Construction's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for China Communications Construction's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
China Communications Construction's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CNY | CN¥1.18 |
| SEHK:1800 Share Price ** | SEHK (2019-05-22) in HKD | HK$7.09 |
| SEHK:1800 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.879 | CN¥6.23 |
| Hong Kong Construction Industry PE Ratio | Median Figure of 107 Publicly-Listed Construction Companies | 11.27x |
| Hong Kong Market PE Ratio | Median Figure of 1,478 Publicly-Listed Companies | 11.06x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of China Communications Construction.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:1800 Share Price ÷ EPS (both in CNY) = 6.23 ÷ 1.18 |
5.26x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- China Communications Construction is good value based on earnings compared to the HK Construction industry average.
- China Communications Construction is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
China Communications Construction's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 5.26x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
11.3%per year |
| Hong Kong Construction Industry PEG Ratio | Median Figure of 9 Publicly-Listed Construction Companies | 0.49x |
| Hong Kong Market PEG Ratio | Median Figure of 463 Publicly-Listed Companies | 0.8x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 5.26x ÷ 11.3% |
0.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- China Communications Construction is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
China Communications Construction's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CNY | CN¥11.70 |
| SEHK:1800 Share Price * | SEHK (2019-05-22) in HKD | HK$7.09 |
| SEHK:1800 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.879 | CN¥6.23 |
| Hong Kong Construction Industry PB Ratio | Median Figure of 133 Publicly-Listed Construction Companies | 1.41x |
| Hong Kong Market PB Ratio | Median Figure of 2,157 Publicly-Listed Companies | 0.97x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:1800 Share Price ÷ Book Value per Share (both in CNY) = 6.23 ÷ 11.70 |
0.53x |
* Primary Listing of China Communications Construction.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- China Communications Construction is good value based on assets compared to the HK Construction industry average.
Value checks
We assess China Communications Construction's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check) China Communications Construction has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
1800 Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- China Communications Construction's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- China Communications Construction's earnings growth is expected to exceed the Hong Kong market average.
- China Communications Construction's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:1800 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 11.3% |
| SEHK:1800 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 8% |
| Hong Kong Construction Industry Earnings Growth Rate | Market Cap Weighted Average | 12.6% |
| Hong Kong Construction Industry Revenue Growth Rate | Market Cap Weighted Average | 9.9% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | -5.7% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 630,795 | 47,012 | 27,554 | 9 |
| 2020-12-31 | 590,337 | 44,635 | 25,229 | 12 |
| 2019-12-31 | 541,218 | 40,209 | 22,536 | 8 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 499,864 | -13,304 | 19,159 |
| 2018-12-31 | 490,872 | 9,098 | 18,663 |
| 2018-09-30 | 504,054 | 7,255 | 20,696 |
| 2018-06-30 | 501,082 | 11,784 | 20,200 |
| 2018-03-31 | 493,359 | 40,563 | 19,857 |
| 2017-12-31 | 482,804 | 42,741 | 19,563 |
| 2017-09-30 | 424,053 | 46,291 | 16,073 |
| 2017-06-30 | 414,641 | 43,218 | 16,134 |
| 2017-03-31 | 408,104 | 30,049 | 16,453 |
| 2016-12-31 | 407,979 | 29,723 | 15,618 |
| 2016-09-30 | 415,810 | 24,414 | 15,671 |
| 2016-06-30 | 411,549 | 24,210 | 14,954 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
All data from China Communications Construction Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.67 | 1.90 | 1.54 | 8.00 |
| 2020-12-31 | 1.53 | 1.66 | 1.44 | 14.00 |
| 2019-12-31 | 1.40 | 1.45 | 1.35 | 10.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.18 |
| 2018-12-31 | 1.15 |
| 2018-09-30 | 1.28 |
| 2018-06-30 | 1.25 |
| 2018-03-31 | 1.23 |
| 2017-12-31 | 1.21 |
| 2017-09-30 | 1.00 |
| 2017-06-30 | 0.98 |
| 2017-03-31 | 1.02 |
| 2016-12-31 | 0.97 |
| 2016-09-30 | 1.00 |
| 2016-06-30 | 0.97 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- China Communications Construction is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess China Communications Construction's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
China Communications Construction has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
1800 Past Performance
How has China Communications Construction performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- China Communications Construction's year on year earnings growth rate has been positive over the past 5 years.
- China Communications Construction's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- China Communications Construction's 1-year earnings growth is negative, it can't be compared to the HK Construction industry average.
Earnings and Revenue History
All data from China Communications Construction Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 499,863.87 | 19,159.09 | 24,741.31 | 11,374.57 |
| 2018-12-31 | 490,872.13 | 18,662.92 | 25,643.64 | 9,526.91 |
| 2018-09-30 | 504,054.38 | 20,696.08 | 28,690.65 | 9,511.88 |
| 2018-06-30 | 501,081.85 | 20,200.06 | 28,565.25 | 9,364.41 |
| 2018-03-31 | 493,358.86 | 19,856.81 | 27,468.78 | 8,337.31 |
| 2017-12-31 | 482,804.34 | 19,563.28 | 26,794.11 | 8,337.31 |
| 2017-09-30 | 424,053.11 | 16,073.33 | 27,842.72 | 6,691.39 |
| 2017-06-30 | 414,640.94 | 16,133.68 | 29,629.52 | 3,747.31 |
| 2017-03-31 | 408,103.92 | 16,453.50 | 31,935.70 | |
| 2016-12-31 | 407,978.75 | 15,618.42 | 31,238.46 | |
| 2016-09-30 | 415,810.08 | 15,670.67 | 29,191.02 | |
| 2016-06-30 | 411,549.15 | 14,953.74 | 27,795.27 | |
| 2016-03-31 | 412,641.27 | 15,741.50 | 27,133.88 | |
| 2015-12-31 | 404,420.45 | 15,396.28 | 26,636.67 | |
| 2015-09-30 | 394,062.07 | 14,179.16 | 21,124.61 | |
| 2015-06-30 | 384,420.54 | 14,599.73 | 20,243.94 | |
| 2015-03-31 | 379,101.27 | 14,026.47 | 19,192.72 | |
| 2014-12-31 | 366,673.23 | 13,887.50 | 18,702.93 | |
| 2014-09-30 | 357,146.21 | 13,846.55 | 17,545.23 | |
| 2014-06-30 | 349,676.90 | 12,601.83 | 10,672.87 | |
| 2014-03-31 | 339,718.50 | 12,172.09 | 16,254.56 | |
| 2013-12-31 | 332,486.77 | 12,138.84 | 16,240.51 | |
| 2013-09-30 | 323,416.81 | 13,126.44 | 28,513.17 | |
| 2013-06-30 | 312,435.60 | 12,476.99 | 34,229.52 | |
| 2013-03-31 | 300,608.31 | 12,242.93 | 28,333.14 | |
| 2012-12-31 | 296,227.39 | 11,979.76 | 28,025.89 | |
| 2012-09-30 | 284,533.68 | 10,419.15 | 14,108.72 | |
| 2012-06-30 | 281,112.07 | 10,723.68 | 14,167.11 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- China Communications Construction has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- China Communications Construction used its assets less efficiently than the HK Construction industry average last year based on Return on Assets.
- China Communications Construction's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess China Communications Construction's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
China Communications Construction has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
1800 Health
How is China Communications Construction's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up China Communications Construction's finances.
The net worth of a company is the difference between its assets and liabilities.
- China Communications Construction is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- China Communications Construction's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from China Communications Construction Company Filings, last reported 1 month ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 247,697.96 | 293,501.07 | 105,764.43 |
| 2018-12-31 | 239,682.18 | 293,287.13 | 142,281.79 |
| 2018-09-30 | 218,873.33 | 315,199.54 | 113,321.67 |
| 2018-06-30 | 210,985.88 | 292,321.14 | 123,083.25 |
| 2018-03-31 | 210,943.27 | 273,147.35 | 113,628.44 |
| 2017-12-31 | 205,941.76 | 259,555.80 | 145,680.68 |
| 2017-09-30 | 201,915.39 | 304,775.69 | 98,624.96 |
| 2017-06-30 | 195,119.61 | 289,453.45 | 110,577.40 |
| 2017-03-31 | 192,723.46 | 275,023.05 | 98,878.84 |
| 2016-12-31 | 186,957.32 | 271,082.06 | 124,667.26 |
| 2016-09-30 | 180,978.30 | 270,421.79 | 80,823.45 |
| 2016-06-30 | 173,619.00 | 280,370.02 | 89,555.44 |
| 2016-03-31 | 171,376.62 | 256,122.75 | 89,381.83 |
| 2015-12-31 | 169,562.82 | 251,773.22 | 104,359.52 |
| 2015-09-30 | 158,172.87 | 254,650.43 | 100,413.00 |
| 2015-06-30 | 145,263.25 | 257,473.26 | 85,328.58 |
| 2015-03-31 | 134,705.60 | 245,744.88 | 70,155.55 |
| 2014-12-31 | 132,196.54 | 225,059.04 | 85,609.27 |
| 2014-09-30 | 114,476.00 | 230,307.81 | 75,140.33 |
| 2014-06-30 | 109,110.40 | 232,286.11 | 87,364.08 |
| 2014-03-31 | 106,667.63 | 206,642.62 | 88,142.68 |
| 2013-12-31 | 105,547.34 | 186,028.23 | 90,622.46 |
| 2013-09-30 | 101,511.64 | 160,238.36 | 67,331.97 |
| 2013-06-30 | 98,504.20 | 165,420.94 | 72,297.13 |
| 2013-03-31 | 98,895.62 | 134,164.34 | 60,440.20 |
| 2012-12-31 | 97,087.12 | 143,456.04 | 88,723.48 |
| 2012-09-30 | 90,156.13 | 130,416.64 | 64,060.52 |
| 2012-06-30 | 88,724.72 | 131,505.09 | 63,082.54 |
- China Communications Construction's level of debt (118.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (193.9% vs 118.5% today).
- Operating cash flow is negative therefore debt is not well covered.
- Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).
Financial health checks
We assess China Communications Construction's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) China Communications Construction has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
1800 Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
HK$2,000 of
China Communications Construction
shares you are expected to receive
HK$78
in your first year as a dividend.
Dividend Amount
- China Communications Construction's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
- China Communications Construction's dividend is below the markets top 25% of dividend payers in Hong Kong (5.8%).
Upcoming dividend payment
Purchase China Communications Construction before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Construction Industry Average Dividend Yield | Market Cap Weighted Average of 42 Stocks | 3.8% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 968 Stocks | 3.7% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.31 | 10.00 |
| 2020-12-31 | 0.28 | 16.00 |
| 2019-12-31 | 0.25 | 11.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-06-20 | 0.242 | 3.576 |
| 2017-06-26 | 0.194 | 2.548 |
| 2016-06-16 | 0.190 | 2.324 |
| 2015-03-30 | 0.172 | 2.197 |
| 2014-06-25 | 0.188 | 3.416 |
| 2013-07-02 | 0.185 | 4.028 |
| 2012-03-26 | 0.179 | 3.139 |
| 2012-01-30 | 0.160 | 2.631 |
| 2011-03-25 | 0.160 | 3.182 |
| 2010-08-31 | 0.116 | 1.982 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, China Communications Construction has been paying a dividend for less than 10 years.
- Dividend payments have increased, but China Communications Construction only paid a dividend in the past 9 years.
Income/ dividend checks
We assess China Communications Construction's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can China Communications Construction afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) China Communications Construction has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
1800 Management
- China Communications Construction has no CEO, or we have no data on them.
Management Team Tenure
Average tenure and age of the China Communications Construction management team in years:
- The average tenure for the China Communications Construction management team is less than 2 years, this suggests a new team.
Management Team
Qitao Liu
Executive Chairman
CN¥827K
61
Hailiang Song
President & Executive Director
CN¥978K
53
0.6 yrs
Yun Chen
Executive Director
CN¥753K
55
1.5 yrs
Haihuai Wang
Vice President
CN¥981K
50
5.1 yrs
Ziyu Sun
VP & Chief Engineer
CN¥979K
56
5.1 yrs
Gang Wen
Vice President
CN¥1M
52
2.4 yrs
Jian Wang
VP & Chief Safety Officer
CN¥917K
54
2.4 yrs
Changjiang Zhou
Company Secretary
CN¥859K
53
1.4 yrs
Bihong Peng
Chief Financial Officer
55
0.7 yrs
Ming Lin
Chief Engineer
Board of Directors Tenure
Average tenure and age of the China Communications Construction board of directors in years:
- The average tenure for the China Communications Construction board of directors is less than 3 years, this suggests a new board.
Board of Directors
Qitao Liu
Executive Chairman
CN¥827K
61
6.1 yrs
Hailiang Song
President & Executive Director
CN¥978K
53
0.5 yrs
Yun Chen
Executive Director
CN¥753K
55
1.5 yrs
Long Huang
Independent Non-Executive Director
CN¥60K
65
5.1 yrs
Maurice Ngai
Independent Non-Executive Director
CN¥8K
56
1.5 yrs
Sen Li
Chairman of the Supervisory Committee
54
1.5 yrs
Maoxun Llu
Non-Executive Director
63
5.1 yrs
Changhong Zheng
Independent Non-Executive Director
CN¥5K
63
1.5 yrs
Xiaofei Ql
Non-Executive Director
61
1.5 yrs
Yongbin Wang
Shareholder Representative Supervisor
CN¥759K
53
12.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. May 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 14. May 19 | 14. May 19 | 30,578,943 | HK$7.15 | HK$218,724,976 | ||
| 05. Apr 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 02. Apr 19 | 02. Apr 19 | -9,232,896 | HK$7.97 | HK$-73,626,826 | ||
| 22. Feb 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 19. Feb 19 | 19. Feb 19 | 9,829,122 | HK$8.50 | HK$83,575,064 | ||
| 08. Feb 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 01. Feb 19 | 01. Feb 19 | 3,845,931 | HK$7.95 | HK$30,593,610 | ||
| 05. Dec 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 30. Nov 18 | 30. Nov 18 | 1,419,418 | HK$7.62 | HK$10,819,652 | ||
| 30. Nov 18 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 27. Nov 18 | 27. Nov 18 | 1,305,511 | HK$7.58 | HK$9,889,509 | ||
| 30. Nov 18 | Sell | Highbridge Capital Management, LLC | Company | 27. Nov 18 | 27. Nov 18 | 46,000 | HK$7.58 | HK$348,459 | ||
| 29. Nov 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 26. Nov 18 | 26. Nov 18 | 2,345,596 | HK$7.67 | HK$17,993,310 | ||
| 26. Oct 18 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 23. Oct 18 | 23. Oct 18 | 5,591,464 | HK$7.41 | HK$41,445,042 | ||
| 05. Nov 18 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 01. Nov 18 | 01. Nov 18 | -12,163,252 | HK$7.43 | HK$-90,414,286 | ||
| 31. Oct 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 26. Oct 18 | 26. Oct 18 | 1,579,303 | HK$7.21 | HK$11,386,295 | ||
| 30. Oct 18 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 25. Oct 18 | 25. Oct 18 | -715,315 | HK$7.25 | HK$-5,187,536 | ||
| 11. Oct 18 | Buy | BlackRock, Inc. | Company | 08. Oct 18 | 08. Oct 18 | 1,688,000 | HK$7.94 | HK$13,410,145 | ||
| 26. Sep 18 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 21. Sep 18 | 21. Sep 18 | -8,859,508 | HK$7.95 | HK$-70,464,971 | ||
| 20. Sep 18 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 17. Sep 18 | 17. Sep 18 | 1,369,624 | HK$7.30 | HK$9,997,566 | ||
| 19. Sep 18 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 14. Sep 18 | 14. Sep 18 | -2,358,493 | HK$7.47 | HK$-17,609,917 | ||
| 14. Sep 18 | Sell | BlackRock, Inc. | Company | 11. Sep 18 | 11. Sep 18 | -1,191,000 | HK$7.41 | HK$-8,829,358 | ||
| 29. Aug 18 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 24. Aug 18 | 24. Aug 18 | 962,137 | HK$7.66 | HK$7,373,817 | ||
| 28. Aug 18 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 23. Aug 18 | 23. Aug 18 | -1,070,264 | HK$7.84 | HK$-8,386,266 | ||
| 21. Aug 18 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 17. Aug 18 | 17. Aug 18 | 2,214,884 | HK$7.97 | HK$17,647,091 | ||
| 16. Aug 18 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 13. Aug 18 | 13. Aug 18 | -3,159,374 | HK$8.10 | HK$-25,591,257 | ||
Management checks
We assess China Communications Construction's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) China Communications Construction has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
1800 News
Simply Wall St News
Calculating The Fair Value Of China Communications Construction Company Limited (HKG:1800)
In this article we are going to estimate the intrinsic value of China Communications Construction Company Limited (HKG:1800) by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CN¥, Millions) CN¥12.02k CN¥15.42k CN¥15.18k CN¥15.09k CN¥15.13k CN¥15.24k CN¥15.42k CN¥15.63k CN¥15.88k CN¥16.15k Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Est @ -0.53% Est @ 0.23% Est @ 0.76% Est @ 1.13% Est @ 1.39% Est @ 1.58% Est @ 1.7% Present Value (CN¥, Millions) Discounted @ 13.33% CN¥10.60k CN¥12.01k CN¥10.43k CN¥9.15k CN¥8.09k CN¥7.20k CN¥6.42k CN¥5.75k CN¥5.15k CN¥4.62k Present Value of 10-year Cash Flow (PVCF)= CN¥79.42b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … SEHK:1800 Intrinsic value, May 21st 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full articleWhat You Must Know About China Communications Construction Company Limited's (HKG:1800) Financial Strength
The size of China Communications Construction Company Limited (HKG:1800), a HK$188b large-cap, often attracts investors seeking a reliable investment in the stock market. … This article will examine China Communications Construction’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis
Simply Wall St - – Full articleWhat Are Analysts Saying About China Communications Construction Company Limited's (HKG:1800) Future?
As China Communications Construction Company Limited (HKG:1800) announced its earnings release on 31 December 2018, … with earnings expected to grow by 22% in the upcoming year … the past 5-year average growth rate of 7.7%.
Simply Wall St - – Full articleAt HK$8.15, Is It Time To Put China Communications Construction Company Limited (HKG:1800) On Your Watch List?
Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether China Communications Construction's current trading price of HK$8.15 reflective of the actual value of the? … Let’s take a look at China Communications Construction’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleHere’s why China Communications Construction Company Limited’s (HKG:1800) Returns On Capital Matters So Much
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleThe China Communications Construction (HKG:1800) Share Price Has Gained 56% And Shareholders Are Hoping For More
To wit, the China Communications Construction share price has climbed 56% in five years, easily topping the market return of 21% (ignoring dividends). … Over half a decade, China Communications Construction managed to grow its earnings per share at 9.4% a year. … We know that China Communications Construction has improved its bottom line lately, but is it going to grow revenue
Simply Wall St - – Full articleShould China Communications Construction Company Limited (HKG:1800) Be Part Of Your Dividend Portfolio?
China Communications Construction Company Limited (HKG:1800) has pleased shareholders over the past 10 years, by paying out dividends. … The company currently pays out a dividend yield of 3.3% to shareholders, making it a relatively attractive dividend stock. … Does China Communications Construction tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleDoes China Communications Construction Company Limited (HKG:1800) Have A Good P/E Ratio?
We'll look at China Communications Construction Company Limited's (HKG:1800) P/E ratio and reflect on what it tells us about the company's share price. … China Communications Construction has a price to earnings ratio of 5.74, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleDo Institutions Own Shares In China Communications Construction Company Limited (HKG:1800)?
A look at the shareholders of China Communications Construction Company Limited (HKG:1800) can tell us which group is most powerful. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleAn Intrinsic Calculation For China Communications Construction Company Limited (HKG:1800) Shows It's 23.56% Undervalued
by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full article1800 Company Info
Description
China Communications Construction Company Limited, together with its subsidiaries, engages in the infrastructure construction, infrastructure design, dredging, and other businesses. The company is involved in the construction of various infrastructure projects, including road and bridge, port, railway, airport, subway, housing, etc.; and provision of infrastructure design services, such as consulting and planning, feasibility study, survey and design, engineering consultancy, engineering measurement and technical research, project management, project supervision, general project contracting, compilation of industry standards and codes, etc. It also provides dredging services primarily comprising infrastructure dredging, maintenance dredging, environmental dredging, and reclamation, as well as supports projects related to dredging and land reclamation. In addition, the company engages in the manufacture of road construction machinery; trading of motor vehicle spare parts and machinery; maintenance and repair of port machinery; trading of construction materials and equipment; fund and asset management activities; and provision of financial services. It has operations in Mainland China and Australia, as well as countries in Africa, the Middle East, and South East Asia. The company was founded in 2006 and is based in Beijing, the People’s Republic of China. China Communications Construction Company Limited is a subsidiary of China Communications Construction Group (Limited).
Details
| Name: | China Communications Construction Company Limited |
| 1800 | |
| Exchange: | SEHK |
| Founded: | 2006 |
| HK$181,251,223,597 | |
| 16,174,735,425 | |
| Website: | http://www.ccccltd.cn |
| Address: |
China Communications Construction Company Limited No.85 De Sheng Men Wai Street, Xicheng District, Beijing, 100088, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 1800 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 15. Dec 2006 | |
| OTCPK | CCCG.F | Foreign Shares-Foreign Listed | Pink Sheets LLC | US | USD | 15. Dec 2006 | |
| DB | CYY | Foreign Shares-Foreign Listed | Deutsche Boerse AG | DE | EUR | 15. Dec 2006 | |
| SHSC | 1800 | Foreign Shares-Foreign Listed | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 15. Dec 2006 | |
| SZSC | 1800 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 15. Dec 2006 | |
| OTCPK | CCCG.Y | ADR | Pink Sheets LLC | US | USD | 08. Jan 2009 | |
| SHSE | 601800 | Domestic Shares | Shanghai Stock Exchange | CN | CNY | 09. Mar 2012 | |
| XSSC | 601800 | Domestic Shares | Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect | CN | CNY | 09. Mar 2012 |
Number of employees
Current staff
Industry
| Construction and Engineering | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/22 12:45 |
| End of day share price update: | 2019/05/22 00:00 |
| Last estimates confirmation: | 2019/05/08 |
| Last earnings filing: | 2019/04/29 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
