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China State Construction Engineering Corp Ltd
SSE:601668

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China State Construction Engineering Corp Ltd
SSE:601668
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Price: 4.85 CNY
Market Cap: ¥200.4B

EV/EBITDA

7
Current
3%
More Expensive
vs 3-y average of 6.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
7
=
Enterprise Value
¥656B
/
EBITDA
¥93.6B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
7
=
Enterprise Value
¥656B
/
EBITDA
¥93.6B

Valuation Scenarios

China State Construction Engineering Corp Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (6.8), the stock would be worth ¥4.71 (3% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-21%
Maximum Upside
+314%
Average Upside
109%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 7 ¥4.85
0%
3-Year Average 6.8 ¥4.71
-3%
5-Year Average 5.5 ¥3.85
-21%
Industry Average 17.1 ¥11.93
+146%
Country Average 28.8 ¥20.07
+314%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥656B
/
Oct 2025
¥93.6B
=
7
Current
¥656B
/
Dec 2025
¥121.7B
=
5.4
Forward
¥656B
/
Dec 2026
¥127.2B
=
5.2
Forward
¥656B
/
Dec 2027
¥130.5B
=
5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CN
China State Construction Engineering Corp Ltd
SSE:601668
200.4B CNY 7 4.6
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 10.9 19.9
US
Quanta Services Inc
NYSE:PWR
91.8B USD 39.4 89.4
FR
Vinci SA
PAR:DG
72.7B EUR 6.6 14.8
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 20.4 34
US
Comfort Systems USA Inc
NYSE:FIX
60.7B USD 41 59.3
IN
Larsen and Toubro Ltd
F:LTO
48.1B EUR 19.1 31.7
ES
Ferrovial SA
MAD:FER
43.3B EUR 33.9 48.7
NL
Ferrovial SE
AEX:FER
43B EUR 33.9 48.4
DE
Hochtief AG
XETRA:HOT
34B EUR 12.9 38.5
US
EMCOR Group Inc
NYSE:EME
38.3B USD 21.2 30.1

Market Distribution

Lower than 89% of companies in China
Percentile
11th
Based on 5 409 companies
11th percentile
7
Low
0 — 16.3
Typical Range
16.3 — 53.1
High
53.1 —
Distribution Statistics
China
Min 0
30th Percentile 16.3
Median 28.8
70th Percentile 53.1
Max 49 021

China State Construction Engineering Corp Ltd
Glance View

Market Cap
200.4B CNY
Industry
Construction

China State Construction Engineering Corp Ltd (CSCEC) stands as a towering behemoth in the realm of construction, tracing its origins back to the late 1950s. With its headquarters in Beijing, this colossal enterprise has crafted a reputation for undertaking mammoth projects, shaping skylines across the globe. At its core, CSCEC operates with a sprawling network of subsidiaries that orchestrate an extensive array of construction and engineering services. From designing and engineering to project management and real estate development, the company weaves through every phase of the construction lifecycle. Its prowess isn't limited to building skyscrapers alone, as it also ventures into infrastructure undertakings such as roads, bridges, and urban transit systems, sealing its ranking among the world’s most substantial construction firms. The financial engine that drives CSCEC predominantly lies in its robust contracting segment, where it inks lucrative deals for mega-construction projects. Through a strategic blend of expertise and resources, the company optimizes its supply chain, utilizing economies of scale to enhance project efficiency and profitability. Moreover, CSCEC’s foray into property development further diversifies its revenue streams. By acquiring, developing, and selling properties, the firm capitalizes on the expanding real estate markets in China and beyond. Its financial structure is bolstered through strategic partnerships and international ventures, allowing it to not only sustain but accelerate its expansive ambitions. Engaging with both public and private sectors, CSCEC navigates the complexities of construction with a blend of innovation, strategic foresight, and a sturdy grasp of market dynamics.

Intrinsic Value
9.51 CNY
Undervaluation 49%
Intrinsic Value
Price ¥4.85
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