BEIJING-SHANGHAI HIGH-SPEED RAILWAY CO., LTD. Financials Beijing-Shanghai High-Speed Railway Co., Ltd.
Equities
601816
CNE100003RV9
Highways & Rail Tracks
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.19 CNY | -0.76% |
|
+0.58% | +5.49% |
| Jan. 29 | Beijing-Shanghai High Speed Railway to Return to Profit in 2023 | MT |
| 2023 | Beijing-Shanghai High-Speed Railway Co.,Ltd.(SHSE:601816) added to Shanghai Stock Exchange 180 Value Index | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 277,943 | 237,184 | 241,604 | 254,863 | 254,863 | - |
| Enterprise Value (EV) 1 | 355,571 | 308,072 | 312,295 | 309,949 | 298,436 | 286,364 |
| P/E ratio | 85.1 x | 49.2 x | -421 x | 22 x | 18.8 x | 16.4 x |
| Yield | 0.58% | 1.02% | 0.23% | 2.25% | 2.46% | 2.72% |
| Capitalization / Revenue | 11 x | 8.09 x | 12.5 x | 6.25 x | 5.68 x | 5.27 x |
| EV / Revenue | 14.1 x | 10.5 x | 16.2 x | 7.6 x | 6.65 x | 5.93 x |
| EV / EBITDA | 28.2 x | 25.8 x | 63.9 x | 13.1 x | 11.3 x | 10 x |
| EV / FCF | 46.9 x | 25.5 x | 54.8 x | 17.6 x | 15.5 x | 13.7 x |
| FCF Yield | 2.13% | 3.92% | 1.83% | 5.69% | 6.46% | 7.28% |
| Price to Book | 1.51 x | 1.28 x | 1.31 x | 1.33 x | 1.28 x | 1.23 x |
| Nbr of stocks (in thousands) | 49,106,485 | 49,106,485 | 49,106,485 | 49,106,485 | 49,106,485 | - |
| Reference price 2 | 5.660 | 4.830 | 4.920 | 5.190 | 5.190 | 5.190 |
| Announcement Date | 4/29/21 | 2/25/22 | 4/28/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 32,942 | 25,238 | 29,305 | 19,336 | 40,772 | 44,883 | 48,329 |
| EBITDA 1 | 19,102 | 12,589 | 11,956 | 4,889 | 23,675 | 26,307 | 28,575 |
| EBIT 1 | 15,917 | 4,028 | 6,245 | -1,047 | 15,020 | 17,821 | 20,208 |
| Operating Margin | 48.32% | 15.96% | 21.31% | -5.41% | 36.84% | 39.71% | 41.81% |
| Earnings before Tax (EBT) 1 | 15,917 | 4,028 | 6,248 | -1,045 | 14,980 | 18,208 | 20,850 |
| Net income 1 | 11,937 | 3,229 | 4,816 | -576.2 | 11,520 | 13,553 | 15,434 |
| Net margin | 36.24% | 12.79% | 16.43% | -2.98% | 28.25% | 30.2% | 31.93% |
| EPS 2 | 0.2900 | 0.0665 | 0.0981 | -0.0117 | 0.2356 | 0.2760 | 0.3157 |
| Free Cash Flow 1 | 16,573 | 7,575 | 12,089 | 5,703 | 17,622 | 19,272 | 20,857 |
| FCF margin | 50.31% | 30.01% | 41.25% | 29.49% | 43.22% | 42.94% | 43.16% |
| FCF Conversion (EBITDA) | 86.76% | 60.17% | 101.11% | 116.64% | 74.43% | 73.26% | 72.99% |
| FCF Conversion (Net income) | 138.83% | 234.6% | 251.04% | - | 152.97% | 142.2% | 135.14% |
| Dividend per Share 2 | 0.0528 | 0.0329 | 0.0491 | 0.0114 | 0.1167 | 0.1278 | 0.1410 |
| Announcement Date | 4/15/20 | 4/29/21 | 2/25/22 | 4/28/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,354 | 7,919 | 6,287 | - | 2,248 | - | 7,298 | 4,110 | 8,939 | 10,341 | 11,602 | 9,940 | 9,489 | 11,340 | 13,334 | 11,763 |
| EBITDA 1 | 5,513 | 4,298 | - | - | - | - | - | - | - | - | - | 5,302 | - | - | - | - |
| EBIT | 3,191 | 2,092 | 605.4 | - | -1,804 | - | 1,521 | -990.7 | - | - | 5,021 | - | - | - | - | - |
| Operating Margin | 34.12% | 26.42% | 9.63% | - | -80.25% | - | 20.84% | -24.1% | - | - | 43.28% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 3,190 | 2,092 | 611.6 | - | -1,802 | - | 1,519 | -990 | - | 3,834 | 5,019 | 3,157 | - | - | - | - |
| Net income | 2,421 | 1,604 | 468.8 | 220.2 | -1,248 | -1,028 | 1,180 | - | 2,226 | - | - | - | - | - | - | - |
| Net margin | 25.88% | 20.25% | 7.46% | - | -55.51% | - | 16.17% | - | 24.9% | - | - | - | - | - | - | - |
| EPS | 0.0493 | 0.0327 | 0.0100 | - | -0.0200 | - | 0.0200 | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | 0.0491 | - | - | - | - | 0.0114 | - | - | - | 0.1157 | - | - | - | 0.1359 |
| Announcement Date | 8/30/21 | 10/29/21 | 2/25/22 | 4/29/22 | 8/30/22 | 8/30/22 | 10/30/22 | 4/28/23 | 4/28/23 | 8/30/23 | 10/30/23 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 12,912 | 77,628 | 70,888 | 70,691 | 55,086 | 43,573 | 31,501 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.676 x | 6.166 x | 5.929 x | 14.46 x | 2.327 x | 1.656 x | 1.102 x |
| Free Cash Flow 1 | 16,573 | 7,575 | 12,089 | 5,703 | 17,622 | 19,273 | 20,857 |
| ROE (net income / shareholders' equity) | 7.88% | 1.74% | 2.6% | -0.31% | 5.98% | 6.7% | 7.27% |
| ROA (Net income/ Total Assets) | 6.62% | 1.05% | 1.62% | -0.2% | 3.59% | 4.11% | 4.54% |
| Assets 1 | 180,430 | 307,804 | 298,113 | 291,875 | 320,524 | 329,732 | 340,079 |
| Book Value Per Share 2 | 3.710 | 3.740 | 3.770 | 3.750 | 3.920 | 4.070 | 4.230 |
| Cash Flow per Share 2 | 0.3900 | 0.2600 | 0.3200 | 0.1400 | 0.4100 | 0.4400 | 0.4700 |
| Capex 1 | 496 | 5,027 | 3,378 | 1,099 | 1,357 | 1,357 | 1,440 |
| Capex / Sales | 1.51% | 19.92% | 11.53% | 5.68% | 3.33% | 3.02% | 2.98% |
| Announcement Date | 4/15/20 | 4/29/21 | 2/25/22 | 4/28/23 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
5.19
CNY
Average target price
6.67
CNY
Spread / Average Target
+28.52%
EPS Revisions
- Stock Market
- Equities
- 601816 Stock
- Financials Beijing-Shanghai High-Speed Railway Co., Ltd.
