CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED Financials China Communications Construction Company Limited
Equities
1800
CNE1000002F5
Construction & Engineering
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.39 HKD | +0.23% |
|
+3.29% | +26.15% |
| May. 01 | China Communications Construction's Q1 Profit Rises 10% | MT |
| Apr. 30 | China Communications Construction Declares Final Dividend for 2023 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 132,699 | 97,704 | 116,073 | 109,051 | 104,118 | 124,598 | - | - |
| Enterprise Value (EV) 1 | 352,687 | 380,588 | 449,475 | 466,171 | 503,976 | 515,767 | 512,958 | 491,677 |
| P/E ratio | 4.89 x | 3.06 x | 3.32 x | 2.91 x | 2.18 x | 2.59 x | 2.38 x | 2.13 x |
| Yield | 4.1% | 6.42% | 5.9% | - | 9.25% | 7.98% | 8.39% | 9.81% |
| Capitalization / Revenue | 0.24 x | 0.16 x | 0.17 x | 0.15 x | 0.14 x | 0.15 x | 0.14 x | 0.13 x |
| EV / Revenue | 0.64 x | 0.61 x | 0.66 x | 0.65 x | 0.66 x | 0.63 x | 0.57 x | 0.52 x |
| EV / EBITDA | 9.43 x | 10.5 x | 9.63 x | 10.9 x | 10.6 x | 9.45 x | 8.32 x | 7.87 x |
| EV / FCF | -6.26 x | -5.29 x | -9.31 x | -14.8 x | -19.9 x | -63.5 x | 269 x | 43.8 x |
| FCF Yield | -16% | -18.9% | -10.7% | -6.74% | -5.02% | -1.58% | 0.37% | 2.28% |
| Price to Book | 0.4 x | 0.19 x | 0.21 x | - | 0.17 x | 0.21 x | 0.19 x | 0.18 x |
| Nbr of stocks (in thousands) | 16,174,735 | 16,165,711 | 16,165,711 | 16,165,711 | 16,263,661 | 16,278,611 | - | - |
| Reference price 2 | 5.675 | 2.820 | 3.455 | 3.312 | 3.163 | 4.041 | 4.041 | 4.041 |
| Announcement Date | 3/31/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 554,792 | 627,586 | 685,639 | 720,275 | 758,676 | 822,634 | 897,987 | 938,231 |
| EBITDA 1 | 37,392 | 36,142 | 46,680 | 42,937 | 47,767 | 54,573 | 61,662 | 62,445 |
| EBIT 1 | 26,593 | 25,383 | 28,489 | 30,945 | 36,383 | 40,941 | 43,826 | 48,207 |
| Operating Margin | 4.79% | 4.04% | 4.16% | 4.3% | 4.8% | 4.98% | 4.88% | 5.14% |
| Earnings before Tax (EBT) 1 | 26,714 | 25,450 | 28,744 | 30,968 | 36,364 | 40,294 | 43,316 | 47,547 |
| Net income 1 | 20,108 | 16,206 | 17,993 | 19,104 | 23,812 | 25,849 | 27,351 | 30,430 |
| Net margin | 3.62% | 2.58% | 2.62% | 2.65% | 3.14% | 3.14% | 3.05% | 3.24% |
| EPS 2 | 1.160 | 0.9200 | 1.040 | 1.140 | 1.450 | 1.563 | 1.698 | 1.901 |
| Free Cash Flow 1 | -56,382 | -71,985 | -48,268 | -31,401 | -25,313 | -8,128 | 1,907 | 11,226 |
| FCF margin | -10.16% | -11.47% | -7.04% | -4.36% | -3.34% | -0.99% | 0.21% | 1.2% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 3.09% | 17.98% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 6.97% | 36.89% |
| Dividend per Share 2 | 0.2328 | 0.1809 | 0.2037 | - | 0.2925 | 0.3224 | 0.3389 | 0.3963 |
| Announcement Date | 3/31/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 313,455 | 245,410 | 379,085 | 340,627 | 169,422 | 341,972 | 172,095 | 191,828 | 363,924 | 178,055 | 178,296 | 353,549 | 176,591 | 189,197 | 181,913 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 15,002 | 5,652 | 19,537 | 8,008 | 9,119 | 21,057 | 7,534 | 6,283 | 12,659 | 8,470 | 9,066 | 7,629 |
| Operating Margin | - | - | - | 4.4% | 3.34% | 5.71% | 4.65% | 4.75% | 5.79% | 4.23% | 3.52% | 3.58% | 4.8% | 4.79% | 4.19% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.6800 | 0.2800 | 0.6400 | 0.5600 | - | 0.4000 | - | - | 0.6400 | - | 0.2300 | 0.5000 | 0.3200 | 0.4000 | 0.2800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/31/20 | 8/28/20 | 3/30/21 | 8/30/21 | 3/30/22 | 3/30/22 | 4/28/22 | 8/30/22 | 8/30/22 | 10/28/22 | 3/30/23 | 3/30/23 | 4/28/23 | 8/28/23 | 10/30/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 219,975 | 285,867 | 333,401 | 357,120 | 399,858 | 391,169 | 388,360 | 367,079 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.751 x | 6.115 x | 7.142 x | 8.317 x | 8.371 x | 7.168 x | 6.298 x | 5.878 x |
| Free Cash Flow 1 | -57,828 | -34,965 | -48,268 | -31,401 | -25,313 | -8,128 | 1,907 | 11,226 |
| ROE (net income / shareholders' equity) | 9.4% | 7.12% | 7.26% | 7.54% | 8.87% | 8.12% | 8.03% | 8.48% |
| ROA (Net income/ Total Assets) | 1.93% | 1.36% | 1.36% | 1.32% | 1.55% | 1.54% | 1.55% | 1.62% |
| Assets 1 | 1,040,439 | 1,213,807 | 1,321,078 | 1,451,219 | 1,540,806 | 1,682,155 | 1,767,424 | 1,882,285 |
| Book Value Per Share 2 | 14.20 | 15.20 | 16.10 | - | 18.70 | 19.60 | 21.20 | 23.10 |
| Cash Flow per Share 2 | 0.3700 | 0.8600 | -0.7800 | - | 0.7500 | 3.670 | 3.670 | 3.980 |
| Capex 1 | 63,706 | 48,816 | 35,625 | 31,844 | 37,387 | 25,473 | 28,950 | 47,832 |
| Capex / Sales | 11.53% | 7.82% | 5.2% | 4.42% | 4.93% | 3.1% | 3.22% | 5.1% |
| Announcement Date | 3/31/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
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
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
4.041
CNY
Average target price
5.221
CNY
Spread / Average Target
+29.19%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +26.15% | 17.27B | |
| +0.09% | 69.18B | |
| -1.48% | 56.54B | |
| +23.67% | 39.07B | |
| +12.47% | 31.2B | |
| +9.57% | 28.05B | |
| +16.37% | 20.96B | |
| +74.25% | 17.64B | |
| +13.67% | 15.16B | |
| +3.31% | 14.07B |
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