` Comparison: 600020, TCL - Alpha Spread

H
600020
vs
TCL

Over the past 12 months, Henan Zhongyuan Expressway Co Ltd has underperformed TCL, delivering a return of 0% compared to the TCL's +8% growth.

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600020
TCL
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600020 TCL
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Valuation Comparison

H
Intrinsic Value
14.96 CNY
Undervaluation 71%
Intrinsic Value
Price
TCL Intrinsic Value
10.6 AUD
Overvaluation 27%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
H
Henan Zhongyuan Expressway Co Ltd
SSE:600020
4.27 CNY
Transurban Group
ASX:TCL
14.55 AUD
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Growth Comparison

Growth Over Time
600020, TCL

600020
TCL
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
H
Henan Zhongyuan Expressway Co Ltd
Revenue
Transurban Group
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
600020, TCL

600020
TCL
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
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H
Henan Zhongyuan Expressway Co Ltd
SSE:600020
Transurban Group
ASX:TCL
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Gross Margin

Henan Zhongyuan Expressway Co Ltd
31.5%
TCL
68%

Operating Margin

Henan Zhongyuan Expressway Co Ltd
24.3%
TCL
24.8%

Net Margin

Henan Zhongyuan Expressway Co Ltd
12.6%
TCL
3.5%

FCF Margin

Henan Zhongyuan Expressway Co Ltd
-0.6%
TCL
16.1%

ROE

Henan Zhongyuan Expressway Co Ltd
5.9%
TCL
1.3%

ROA

Henan Zhongyuan Expressway Co Ltd
1.7%
TCL
0.4%

ROIC

Henan Zhongyuan Expressway Co Ltd
2.5%
TCL
4.2%

ROCE

Henan Zhongyuan Expressway Co Ltd
3.7%
TCL
2.9%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
600020, TCL

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600020
TCL
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
600020, TCL

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600020
TCL
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
600020, TCL

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600020
TCL
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