Financials Sichuan Road & Bridge Group Co.,Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 23:00:00 29/04/2024 BST			5-day change	1st Jan Change
7.25 ^CNY	+0.14%		-0.68%	-3.20%

04-30	Sichuan Road & Bridge's Q1 Profit Drops 36%, Operating Income 28%	MT
04-29	Sichuan Road & Bridge Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	12,131	21,547	57,496	69,227	65,280	63,185	-	-
Enterprise Value (EV) ¹	12,131	21,547	57,496	69,227	65,280	63,185	63,185	63,185
P/E ratio	7.13 x	5.75 x	10.3 x	6.14 x	7.2 x	6.69 x	4.32 x	5.56 x
Yield	2.08%	-	-	-	-	-	-	-
Capitalization / Revenue	0.23 x	-	0.68 x	0.51 x	0.57 x	0.5 x	0.45 x	0.41 x
EV / Revenue	0.23 x	-	0.68 x	0.51 x	0.57 x	0.5 x	0.45 x	0.41 x
EV / EBITDA	-	-	7.54 x	4.55 x	5.04 x	3.41 x	3.04 x	2.73 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.78 x	-	2.13 x	1.66 x	1.45 x	1.23 x	1.08 x	0.95 x
Nbr of stocks (in thousands)	5,054,736	6,688,598	6,685,602	8,715,578	8,715,578	8,715,201	-	-
Reference price ²	2.400	3.221	8.600	7.943	7.490	7.250	7.250	7.250
Announcement Date	30/04/20	19/04/21	02/03/22	30/03/23	22/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	52,725	-	85,049	135,151	115,042	126,272	139,287	153,144
EBITDA ¹	-	-	7,621	15,201	12,952	18,511	20,760	23,149
EBIT ¹	2,103	-	6,781	13,615	11,049	11,534	12,591	13,974
Operating Margin	3.99%	-	7.97%	10.07%	9.6%	9.13%	9.04%	9.12%
Earnings before Tax (EBT) ¹	2,132	-	6,848	13,657	10,968	11,539	12,579	13,908
Net income ¹	1,702	3,025	5,582	11,213	9,004	9,431	10,283	11,369
Net margin	3.23%	-	6.56%	8.3%	7.83%	7.47%	7.38%	7.42%
EPS ²	0.3367	0.5603	0.8357	1.293	1.040	1.083	1.680	1.303
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.0500	-	-	-	-	-	-	-
Announcement Date	30/04/20	19/04/21	02/03/22	30/03/23	22/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.5%	-	21.1%	26.8%	20.7%	18%	17.4%	17%
ROA (Net income/ Total Assets)	1.85%	-	-	6.16%	-	-	-	-
Assets ¹	91,844	-	-	181,927	-	-	-	-
Book Value Per Share ²	3.090	-	4.040	4.790	5.180	5.900	6.700	7.590
Cash Flow per Share ²	1.460	-	-0.1500	1.540	-0.2400	1.830	1.890	2.080
Capex ¹	5,045	-	2,558	5,328	7,744	5,258	5,711	5,891
Capex / Sales	9.57%	-	3.01%	3.94%	6.73%	4.16%	4.1%	3.85%
Announcement Date	30/04/20	19/04/21	02/03/22	30/03/23	22/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.25 CNY

Average target price

8.41 CNY

Spread / Average Target

+16.00%

	1st Jan change	Capi.
SICHUAN ROAD & BRIDGE GROUP CO.,LTD	-3.20%	8.73B
IRB INFRASTRUCTURE DEVELOPERS LIMITED	+67.87%	5.05B
STERLING INFRASTRUCTURE, INC.	+15.03%	3.15B
CONSTRUCTION PARTNERS, INC.	+18.34%	2.72B
G R INFRAPROJECTS LIMITED	+21.80%	1.62B
ZHEJIANG COMMUNICATIONS TECHNOLOGY CO., LTD.	+5.21%	1.38B
SHANDONG HI-SPEED ROAD&BRIDGE GROUP CO., LTD.	+0.18%	1.22B
NATIONAL HIGHWAYS INFRA TRUST	+6.33%	899M
SHANGHAI PUDONG CONSTRUCTION CO.,LTD.	-3.33%	816M
DILIP BUILDCON LIMITED	+21.03%	816M