Financials Sichuan Road & Bridge Group Co.,Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 23:00:00 14/07/2024 BST			5-day change	1st Jan Change
7.6 ^CNY	+1.06%		-0.78%	+1.47%

07-10	Sichuan Road & Bridge Names Chairman, General Manager; Shares Down 3%	MT
07-09	Sichuan Road & Bridge's Contract Value Slides 20% in H1	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	12,131	21,547	57,496	69,227	65,280	66,217	-	-
Enterprise Value (EV) ¹	12,131	21,547	57,496	69,227	65,280	66,217	66,217	66,217
P/E ratio	7.13 x	5.75 x	10.3 x	6.14 x	7.2 x	6.91 x	6.24 x	5.54 x
Yield	2.08%	-	-	-	-	-	-	-
Capitalization / Revenue	0.23 x	-	0.68 x	0.51 x	0.57 x	0.52 x	0.47 x	0.42 x
EV / Revenue	0.23 x	-	0.68 x	0.51 x	0.57 x	0.52 x	0.47 x	0.42 x
EV / EBITDA	-	-	7.54 x	4.55 x	5.04 x	3.37 x	2.89 x	2.51 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.78 x	-	2.13 x	1.66 x	1.45 x	1.29 x	1.13 x	0.99 x
Nbr of stocks (in thousands)	5,054,736	6,688,598	6,685,602	8,715,578	8,715,578	8,712,818	-	-
Reference price ²	2.400	3.221	8.600	7.943	7.490	7.600	7.600	7.600
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	126,351	140,512	157,159
EBITDA ¹	-	-	7,621	15,201	12,952	19,625	22,939	26,428
EBIT ¹	2,103	-	6,781	13,615	11,049	11,719	13,008	14,648
Operating Margin	3.99%	-	7.97%	10.07%	9.6%	9.27%	9.26%	9.32%
Earnings before Tax (EBT) ¹	2,132	-	6,848	13,657	10,968	11,710	12,993	14,610
Net income ¹	1,702	3,025	5,582	11,213	9,004	9,572	10,622	11,950
Net margin	3.23%	-	6.56%	8.3%	7.83%	7.58%	7.56%	7.6%
EPS ²	0.3367	0.5603	0.8357	1.293	1.040	1.100	1.218	1.372
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%	18.4%	18%	17.8%
ROA (Net income/ Total Assets)	1.85%	-	-	6.16%	-	3.85%	3.8%	3.9%
Assets ¹	91,844	-	-	181,927	-	248,610	279,531	306,401
Book Value Per Share ²	3.090	-	4.040	4.790	5.180	5.910	6.740	7.680
Cash Flow per Share ²	1.460	-	-0.1500	1.540	-0.2400	1.960	2.190	2.520
Capex ¹	5,045	-	2,558	5,328	7,744	7,501	7,773	7,881
Capex / Sales	9.57%	-	3.01%	3.94%	6.73%	5.94%	5.53%	5.01%
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

7.6 CNY

Average target price

9.927 CNY

Spread / Average Target

+30.61%

	1st Jan change	Capi.
SICHUAN ROAD & BRIDGE GROUP CO.,LTD	+1.47%	9.13B
IRB INFRASTRUCTURE DEVELOPERS LIMITED	+70.83%	4.93B
STERLING INFRASTRUCTURE, INC.	+47.01%	3.99B
CONSTRUCTION PARTNERS, INC.	+35.02%	3.1B
G R INFRAPROJECTS LIMITED	+55.43%	2.02B
ZHEJIANG COMMUNICATIONS TECHNOLOGY CO., LTD.	0.00%	1.31B
SHANDONG HI-SPEED ROAD&BRIDGE GROUP CO., LTD.	-9.04%	1.1B
DILIP BUILDCON LIMITED	+38.25%	928M
NATIONAL HIGHWAYS INFRA TRUST	+8.02%	912M
SHANGHAI PUDONG CONSTRUCTION CO.,LTD.	-15.71%	710M