China Aluminum International Engineering Corp Ltd
HKEX:2068

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China Aluminum International Engineering Corp Ltd
HKEX:2068
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Price: 2.62 HKD 0.77%
Market Cap: HK$19.1B

EV/OCF

26.2
Current
95%
More Expensive
vs 3-y average of 13.4

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
26.2
=
Enterprise Value
HK$23.2B
/
Operating Cash Flow
¥891.3m

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
26.2
=
Enterprise Value
HK$23.2B
/
Operating Cash Flow
¥891.3m

Valuation Scenarios

China Aluminum International Engineering Corp Ltd is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (13.4), the stock would be worth HK$1.34 (49% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-49%
Maximum Upside
No Upside Scenarios
Average Downside
37%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 26.2 HK$2.62
0%
3-Year Average 13.4 HK$1.34
-49%
5-Year Average 16.5 HK$1.65
-37%
Industry Average 15.7 HK$1.57
-40%
Country Average 20.8 HK$2.08
-21%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
CN
China Aluminum International Engineering Corp Ltd
HKEX:2068
18.7B HKD 26.2 172.2
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 25.3 19.9
US
Quanta Services Inc
NYSE:PWR
93.5B USD 44.3 91
FR
Vinci SA
PAR:DG
70.9B EUR 7.3 14.4
US
Comfort Systems USA Inc
NYSE:FIX
60.7B USD 50.3 59.4
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 46.6 34.3
IN
Larsen and Toubro Ltd
F:LTO
46.8B EUR 42 30.8
ES
Ferrovial SA
MAD:FER
43.3B EUR 25.5 47.9
NL
Ferrovial SE
AEX:FER
42.3B EUR 25.4 47.6
DE
Hochtief AG
XETRA:HOT
34.5B EUR 17.3 38.2
US
EMCOR Group Inc
NYSE:EME
38.7B USD 28.9 30.4

Market Distribution

In line with most companies in China
Percentile
60th
Based on 6 190 companies
60th percentile
28.7
Low
0 — 11.5
Typical Range
11.5 — 39.2
High
39.2 —
Distribution Statistics
China
Min 0
30th Percentile 11.5
Median 20.8
70th Percentile 39.2
Max 266 666.7

China Aluminum International Engineering Corp Ltd
Glance View

Market Cap
19.1B HKD
Industry
Construction

China Aluminum International Engineering Corp Ltd, often abbreviated as Chalieco, operates at the intersection of engineering expertise and China's vast industrial ambitions. As a subsidiary of the Aluminum Corporation of China, Chalieco was established in 2003, initially focusing on providing comprehensive engineering services to the aluminum industry. Over time, the company has expanded its scope, evolving into a multifaceted enterprise that encompasses engineering design and consultancy, project contracting, and supply of equipment. With its headquarters nestled in Beijing, Chalieco acts as a crucial cog in the Chinese industrial machine, leveraging its deep well of technical knowledge not only in the aluminum sector but also in the broader fields of nonferrous metal industry, power, and housing construction. The company's strength lies in its ability to integrate and execute complex projects, which is crucial in a country marked by rapid urbanization and industrial expansion. Chalieco makes money primarily through its engineering contracting services, which have taken center stage as the company has grown. This includes designing, managing, and executing large-scale infrastructure and industrial projects — from the initial concept through to completion. In particular, the EPC (Engineering, Procurement, and Construction) model is a significant revenue generator, where Chalieco takes on projects that combine all stages of planning, procurement, and building, often for government or state-affiliated clients who value the company's extensive industry experience. Its projects are not confined to the local landscape; Chalieco has also capitalized on burgeoning opportunities internationally, especially in countries that are part of China's Belt and Road Initiative, reinforcing its status as a global player in engineering services. Through this diverse portfolio and international reach, Chalieco continues to cement its role as a pivotal player in engineering and construction, adeptly navigating the challenges and opportunities of an ever-evolving global market.

Intrinsic Value
1.51 HKD
Overvaluation 42%
Intrinsic Value
Price HK$2.62
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