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Henan Zhongyuan Expressway Co Ltd
SSE:600020

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Henan Zhongyuan Expressway Co Ltd
SSE:600020
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Price: 3.77 CNY 1.07%
Market Cap: ¥8.5B

P/B

0.5
Current
4%
Cheaper
vs 3-y average of 0.6

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.5
=
Market Cap
¥9.2B
/
Total Equity
¥15.4B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.5
=
Market Cap
¥9.2B
/
Total Equity
¥15.4B

Valuation Scenarios

Henan Zhongyuan Expressway Co Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (0.6), the stock would be worth ¥3.93 (4% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+346%
Average Upside
106%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.5 ¥3.77
0%
3-Year Average 0.6 ¥3.93
+4%
5-Year Average 0.6 ¥3.88
+3%
Industry Average 0.9 ¥6.45
+71%
Country Average 2.4 ¥16.81
+346%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close

Market Distribution

Lower than 92% of companies in China
Percentile
8th
Based on 7 605 companies
8th percentile
0.5
Low
0 — 1.5
Typical Range
1.5 — 3.9
High
3.9 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.4
70th Percentile 3.9
Max 1 172 445.9

Henan Zhongyuan Expressway Co Ltd
Glance View

Henan Zhongyuan Expressway Co Ltd operates at the heart of China's rapidly expanding infrastructure landscape, playing a pivotal role in the province of Henan. This company, established to manage and maintain crucial expressway links, connects one of the most populous regions in China with the rest of the nation, facilitating significant economic and social mobility. Founded in the mid-1990s, the company has grown its footprint by operating several major expressway segments. These thoroughfares are essential arteries for transportation, supporting the movement of people and goods across the region's industrial and agricultural sectors. By investing in the upkeep and modernization of these expressways, the company ensures smooth and efficient traffic flow, a crucial aspect of Henan's developmental strategy. Revenue generation for Henan Zhongyuan Expressway Co Ltd primarily revolves around toll collections. As vehicles traverse its network of expressways, tolls serve as a consistent and reliable income stream, driving financial performance. Given the increasing demand for transport infrastructure driven by urbanization and economic activities, the company finds itself in a favorable position to capitalize on these trends. To enhance profitability, the company employs advanced technology for toll collection, streamlining operations and minimizing leakage. Their strategic focus isn't just on maintenance, but also on expanding their scope through the acquisition and construction of new expressway projects. This expansion effort forms a crucial part of their growth narrative, enhancing network density and opening new revenue streams in a country where road travel remains a critical component of both commerce and daily life.

Intrinsic Value
10.96 CNY
Undervaluation 66%
Intrinsic Value
Price ¥3.77
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