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 | ||
| 5.09 CNY | -0.59% |
|
-1.93% | +3.46% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 277,943 | 237,184 | 241,604 | 241,604 | 249,952 | - | - |
| Enterprise Value (EV) 1 | 355,571 | 308,072 | 312,295 | 295,477 | 291,178 | 278,981 | 263,686 |
| P/E ratio | 85.1 x | 49.2 x | -421 x | 20.9 x | 18.1 x | 16.1 x | 14.1 x |
| Yield | 0.58% | 1.02% | 0.23% | 2.27% | 2.79% | 2.82% | 2.87% |
| Capitalization / Revenue | 11 x | 8.09 x | 12.5 x | 5.94 x | 5.56 x | 5.17 x | 4.9 x |
| EV / Revenue | 14.1 x | 10.5 x | 16.2 x | 7.26 x | 6.48 x | 5.77 x | 5.17 x |
| EV / EBITDA | 28.2 x | 25.8 x | 63.9 x | 13.9 x | 10.9 x | 9.72 x | 8.5 x |
| EV / FCF | 46.9 x | 25.5 x | 54.8 x | 15.1 x | 15.1 x | 13.4 x | 11.7 x |
| FCF Yield | 2.13% | 3.92% | 1.83% | 6.63% | 6.62% | 7.48% | 8.51% |
| Price to Book | 1.51 x | 1.28 x | 1.31 x | 1.24 x | 1.24 x | 1.19 x | 1.12 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 | 4.920 | 5.090 | 5.090 | 5.090 |
| Announcement Date | 29/04/21 | 25/02/22 | 28/04/23 | 29/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 32,942 | 25,238 | 29,305 | 19,336 | 40,683 | 44,956 | 48,357 | 51,044 |
| EBITDA 1 | 19,102 | 12,589 | 11,956 | 4,889 | 21,233 | 26,704 | 28,710 | 31,029 |
| EBIT 1 | 15,917 | 4,028 | 6,245 | -1,047 | 15,314 | 18,329 | 20,560 | 21,822 |
| Operating Margin | 48.32% | 15.96% | 21.31% | -5.41% | 37.64% | 40.77% | 42.52% | 42.75% |
| Earnings before Tax (EBT) 1 | 15,917 | 4,028 | 6,248 | -1,045 | 15,309 | 18,518 | 21,000 | 23,184 |
| Net income 1 | 11,937 | 3,229 | 4,816 | -576.2 | 11,546 | 13,907 | 15,558 | 17,410 |
| Net margin | 36.24% | 12.79% | 16.43% | -2.98% | 28.38% | 30.93% | 32.17% | 34.11% |
| EPS 2 | 0.2900 | 0.0665 | 0.0981 | -0.0117 | 0.2351 | 0.2806 | 0.3170 | 0.3611 |
| Free Cash Flow 1 | 16,573 | 7,575 | 12,089 | 5,703 | 19,591 | 19,272 | 20,857 | 22,446 |
| FCF margin | 50.31% | 30.01% | 41.25% | 29.49% | 48.15% | 42.87% | 43.13% | 43.98% |
| FCF Conversion (EBITDA) | 86.76% | 60.17% | 101.11% | 116.64% | 92.27% | 72.17% | 72.65% | 72.34% |
| FCF Conversion (Net income) | 138.83% | 234.6% | 251.04% | - | 169.68% | 138.59% | 134.06% | 128.93% |
| Dividend per Share 2 | 0.0528 | 0.0329 | 0.0491 | 0.0114 | 0.1116 | 0.1418 | 0.1436 | 0.1461 |
| Announcement Date | 15/04/20 | 29/04/21 | 25/02/22 | 28/04/23 | 29/04/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,287 | - | 2,248 | - | 7,298 | 4,110 | 8,939 | 10,341 | 11,602 | 9,801 | 10,106 | 11,686 | 12,789 | 9,571 | - | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | 6,822 | 7,324 | 6,019 | - | - |
| EBIT | 605.4 | - | -1,804 | - | 1,521 | -990.7 | - | - | 5,021 | 3,525 | - | - | - | - | - | - |
| Operating Margin | 9.63% | - | -80.25% | - | 20.84% | -24.1% | - | - | 43.28% | 35.96% | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 611.6 | - | -1,802 | - | 1,519 | -990 | - | 3,834 | 5,019 | 3,522 | - | 4,785 | 5,237 | 4,095 | - | - |
| Net income | 468.8 | 220.2 | -1,248 | -1,028 | 1,180 | - | 2,226 | - | - | - | - | - | - | - | - | - |
| Net margin | 7.46% | - | -55.51% | - | 16.17% | - | 24.9% | - | - | - | - | - | - | - | - | - |
| EPS | 0.0100 | - | -0.0200 | - | 0.0200 | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0491 | - | - | - | - | 0.0114 | - | - | - | - | - | - | - | 0.1383 | - | - |
| Announcement Date | 25/02/22 | 29/04/22 | 30/08/22 | 30/08/22 | 30/10/22 | 28/04/23 | 28/04/23 | 30/08/23 | 30/10/23 | 29/04/24 | 29/04/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 12,912 | 77,628 | 70,888 | 70,691 | 53,873 | 41,226 | 29,029 | 13,734 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.676 x | 6.166 x | 5.929 x | 14.46 x | 2.537 x | 1.544 x | 1.011 x | 0.4426 x |
| Free Cash Flow 1 | 16,573 | 7,575 | 12,089 | 5,703 | 19,591 | 19,273 | 20,857 | 22,447 |
| ROE (net income / shareholders' equity) | 7.88% | 1.74% | 2.6% | -0.31% | 6.09% | 6.9% | 7.3% | 7.89% |
| ROA (Net income/ Total Assets) | 6.62% | 1.05% | 1.62% | -0.2% | - | 4.77% | 4.74% | 6.04% |
| Assets 1 | 180,430 | 307,804 | 298,113 | 291,875 | - | 291,726 | 328,026 | 288,096 |
| Book Value Per Share 2 | 3.710 | 3.740 | 3.770 | 3.750 | 3.970 | 4.100 | 4.260 | 4.540 |
| Cash Flow per Share 2 | 0.3900 | 0.2600 | 0.3200 | 0.1400 | 0.4300 | 0.4300 | 0.4700 | 0.5000 |
| Capex 1 | 496 | 5,027 | 3,378 | 1,099 | 1,490 | 1,965 | 1,643 | 1,660 |
| Capex / Sales | 1.51% | 19.92% | 11.53% | 5.68% | 3.66% | 4.37% | 3.4% | 3.25% |
| Announcement Date | 15/04/20 | 29/04/21 | 25/02/22 | 28/04/23 | 29/04/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
5.09
CNY
Average target price
6.693
CNY
Spread / Average Target
+31.50%
EPS Revisions
Quarterly revenue - Rate of surprise
- Stock Market
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- 601816 Stock
- Financials Beijing-Shanghai High-Speed Railway Co., Ltd.
