China State Construction International Holdings Valuation

Q: What is the Fair Price of 3311 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

3311 (HK$11.48) is trading above our estimate of [[fair value]] (HK$2.5)

Is 3311 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 3311 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3311 (HK$11.48) is trading above our estimate of fair value (HK$2.5)

Significantly Below Fair Value: 3311 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3311?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 3311. This is calculated by dividing 3311's market cap by their current preferred multiple.
What is 3311's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	HK$57.83b

3311 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	7.4x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

How does 3311's PE Ratio compare to its peers?

The above table shows the PE ratio for 3311 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	6.9x
1618 Metallurgical Corporation of China	5.9x	17.8%	HK$71.8b
3996 China Energy Engineering	4.8x	n/a	HK$95.3b
552 China Communications Services	7.2x	6.0%	HK$29.2b
2386 SINOPEC Engineering (Group)	9.4x	12.2%	HK$24.2b
3311 China State Construction International Holdings	5.9x	12.3%	HK$57.8b

Price-To-Earnings vs Peers: 3311 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (6.9x).

Price to Earnings Ratio vs Industry

How does 3311's PE Ratio compare vs other companies in the HK Construction Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	14.0%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	14.0%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 3311 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the Hong Kong Construction industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is 3311'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.

3311 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.9x
Fair PE Ratio	8.2x

Price-To-Earnings vs Fair Ratio: 3311 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.2x).

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 3311 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	HK$11.48	HK$13.77 +20.0%	9.5%	HK$16.64	HK$12.00	n/a	11
Oct ’25	HK$12.10	HK$13.58 +12.2%	7.3%	HK$15.00	HK$12.00	n/a	11
Sep ’25	HK$11.12	HK$13.74 +23.5%	7.9%	HK$15.50	HK$12.00	n/a	12
Aug ’25	HK$11.00	HK$13.09 +19.0%	10.2%	HK$15.00	HK$11.00	n/a	12
Jul ’25	HK$10.66	HK$12.80 +20.1%	9.9%	HK$15.00	HK$11.00	n/a	10
Jun ’25	HK$10.36	HK$12.59 +21.5%	11.3%	HK$15.00	HK$10.60	n/a	10
May ’25	HK$8.28	HK$12.32 +48.8%	12.5%	HK$15.00	HK$10.60	n/a	11
Apr ’25	HK$8.54	HK$12.66 +48.3%	13.0%	HK$15.00	HK$10.60	n/a	12
Mar ’25	HK$8.73	HK$12.45 +42.6%	15.4%	HK$15.00	HK$9.10	n/a	13
Feb ’25	HK$8.17	HK$12.34 +51.0%	15.1%	HK$15.00	HK$9.10	n/a	12
Jan ’25	HK$9.03	HK$12.43 +37.7%	14.7%	HK$15.00	HK$9.10	n/a	12
Dec ’24	HK$8.90	HK$12.40 +39.3%	14.2%	HK$15.00	HK$9.10	n/a	13
Nov ’24	HK$8.18	HK$12.40 +51.6%	14.2%	HK$15.00	HK$9.10	HK$11.60	13
Oct ’24	HK$8.24	HK$12.79 +55.2%	13.1%	HK$15.00	HK$9.10	HK$12.10	13
Sep ’24	HK$8.73	HK$12.74 +45.9%	12.7%	HK$15.00	HK$9.10	HK$11.12	14
Aug ’24	HK$9.58	HK$12.62 +31.7%	14.5%	HK$16.10	HK$9.10	HK$11.00	13
Jul ’24	HK$8.93	HK$12.62 +41.3%	14.5%	HK$16.10	HK$9.10	HK$10.66	13
Jun ’24	HK$8.77	HK$12.77 +45.6%	14.2%	HK$16.10	HK$9.10	HK$10.36	13
May ’24	HK$9.73	HK$12.77 +31.2%	14.2%	HK$16.10	HK$9.10	HK$8.28	13
Apr ’24	HK$8.88	HK$12.83 +44.5%	14.0%	HK$16.10	HK$9.10	HK$8.54	13
Mar ’24	HK$9.02	HK$12.50 +38.6%	15.0%	HK$15.86	HK$9.10	HK$8.73	13
Feb ’24	HK$9.53	HK$12.13 +27.3%	16.0%	HK$15.00	HK$7.30	HK$8.17	13
Jan ’24	HK$8.77	HK$12.16 +38.6%	17.4%	HK$15.00	HK$7.30	HK$9.03	11
Dec ’23	HK$9.02	HK$12.02 +33.3%	17.0%	HK$15.00	HK$7.30	HK$8.90	11
Nov ’23	HK$7.44	HK$12.02 +61.6%	17.0%	HK$15.00	HK$7.30	HK$8.18	11

Analyst Forecast: Target price is less than 20% higher than the current share price.