Company Valuation: China State Construction Engineering Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 209,741 227,704 201,633 249,662 211,974 196,685 - -
Change - 8.56% -11.45% 23.82% -15.1% -7.21% - -
Enterprise Value (EV) 1 457,781 591,556 645,553 684,382 737,451 660,328 677,934 196,685
Change - 29.22% 9.13% 6.01% 7.75% -10.46% 2.67% -70.99%
P/E 4x 4.41x 3.67x 5.41x 5.46x 4.76x 4.48x 4.76x
PBR 0.63x 0.61x 0.48x 0.55x 0.44x 0.38x 0.36x 0.34x
PEG - -2.76x 0.56x -0.4x -0.4x 0.74x 0.71x -0.81x
Capitalization / Revenue 0.11x 0.11x 0.09x 0.11x 0.1x 0.09x 0.09x 0.09x
EV / Revenue 0.24x 0.29x 0.28x 0.31x 0.35x 0.3x 0.3x 0.09x
EV / EBITDA 4.24x 6.25x 6.35x 7.59x 9.52x 5.83x 5.76x 2.13x
EV / EBIT 4.55x 6.82x 6.93x 8.5x 10.7x 9.83x 9.19x 2.49x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.25 0.2527 0.2714 0.2715 0.2718 0.2852 0.3015 -
Rate of return 5% 4.65% 5.64% 4.53% 5.3% 5.99% 6.33% -
EPS 2 1.25 1.23 1.31 1.11 0.94 1 1.063 1
Distribution rate 20% 20.5% 20.7% 24.5% 28.9% 28.5% 28.4% -
Net sales 1 1,891,339 2,055,052 2,265,529 2,187,148 2,082,142 2,191,528 2,224,143 2,133,410
EBITDA 1 107,982 94,620 101,642 90,190 77,468 113,188 117,746 92,398
EBIT 1 100,601 86,733 93,132 80,561 68,949 67,153 73,783 79,008
Net income 1 51,408 50,950 54,264 46,187 39,069 40,163 43,057 41,191
Net Debt 1 248,040 363,852 443,920 434,720 525,477 463,643 481,249 -
Reference price 2 5.000 5.430 4.810 6.000 5.130 4.760 4.760 4.760
Nbr of stocks (in thousands) 41,948,168 41,934,433 41,919,514 41,610,322 41,320,390 41,320,390 - -
Announcement Date 4/15/22 A 4/17/23 A 4/18/24 A 4/15/25 A 4/17/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
4.84x0.3x5.82x5.89% 28.75B
59.37x2.66x25.42x0.07% 100B
13.51x1.13x6.21x4.33% 78.12B
35.69x4.5x24.42x0.19% 60.77B
26.21x2.02x19.9x1.17% 56.76B
53.87x4.61x29x1.55% 47.07B
30.9x0.76x12.55x2% 38.36B
25.07x1.66x15.29x0.19% 35.17B
26.78x0.53x8.25x2.27% 35.16B
14.9x0.42x4.66x4.41% 21.65B
Average 29.11x 1.86x 15.15x 2.21% 50.22B
Weighted average by Cap. 33.21x 2.16x 17.11x 1.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. 601668 Stock
  4. Valuation China State Construction Engineering Corporation Limited