company background image
576 logo

Zhejiang Expressway SZSC:576 Stock Report

Last Price

HK$5.59

Market Cap

HK$33.5b

7D

-0.2%

1Y

-3.3%

Updated

06 Feb, 2025

Data

Company Financials +

Zhejiang Expressway Co., Ltd.

SZSC:576 Stock Report

Market Cap: HK$33.5b

576 Stock Overview

An investment holding company, constructs, operates, maintains, and manages roads in the People’s Republic of China. More details

576 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance1/6
Financial Health4/6
Dividends4/6

Rewards

Trading at 68.8% below our estimate of its fair value

Earnings are forecast to grow 3.52% per year

Trading at good value compared to peers and industry

Risk Analysis

Large one-off items impacting financial results

Dividend of 6.07% is not well covered by free cash flows


My Notes

Capture your thoughts, links and company narrative

Zhejiang Expressway Co., Ltd. Competitors

Shenzhen Expressway

SEHK:548

HK$23.2b

Shenzhen International Holdings

SEHK:152

HK$16.7b

Anhui Expressway

SEHK:995

HK$24.5b

Jiangsu Expressway

SEHK:177

HK$68.3b

Price History & Performance

Summary of share price highs, lows and changes for Zhejiang Expressway
Historical stock prices
Current Share PriceHK$5.59
52 Week HighHK$7.34
52 Week LowHK$4.56
Beta0.37
1 Month Change3.52%
3 Month Change2.38%
1 Year Change-3.29%
3 Year Change-20.26%
5 Year Change-15.94%
Change since IPO-31.66%

Recent News & Updates

Recent updates

Shareholder Returns

576HK InfrastructureHK Market
7D-0.2%-1.1%2.3%
1Y-3.3%16.7%24.5%

Return vs Industry: 576 underperformed the Hong Kong Infrastructure industry which returned 15.7% over the past year.

Return vs Market: 576 underperformed the Hong Kong Market which returned 22.3% over the past year.

Price Volatility

Is 576's price volatile compared to industry and market?
576 volatility
576 Average Weekly Movement2.8%
Infrastructure Industry Average Movement3.5%
Market Average Movement6.4%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.0%

Stable Share Price: 576 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 576's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199710,500Wei Wuwww.zjec.com.cn

Zhejiang Expressway Co., Ltd., an investment holding company, constructs, operates, maintains, and manages roads in the People’s Republic of China. It operates through Toll Operation, Securities Operation, and Others segments. The Toll Operation segment operates and manages high grade roads; and collects expressway tolls.

Zhejiang Expressway Co., Ltd. Fundamentals Summary

How do Zhejiang Expressway's earnings and revenue compare to its market cap?
576 fundamental statistics
Market capHK$33.51b
Earnings (TTM)HK$5.80b
Revenue (TTM)HK$18.10b

5.8x

P/E Ratio

1.9x

P/S Ratio

Is 576 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
576 income statement (TTM)
RevenueCN¥16.94b
Cost of RevenueCN¥9.94b
Gross ProfitCN¥7.00b
Other ExpensesCN¥1.57b
EarningsCN¥5.43b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.91
Gross Margin41.32%
Net Profit Margin32.03%
Debt/Equity Ratio97.8%

How did 576 perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

35%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 10:34
End of Day Share Price 2025/02/06 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.

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 Github.

Analyst Sources

Zhejiang Expressway Co., Ltd. is covered by 27 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
Sarah LiuBNP Paribas Securities (Asia)
Mandy QuBofA Global Research
Aaron HoCFRA Equity Research