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NORINCO International Cooperation Ltd
SZSE:000065

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NORINCO International Cooperation Ltd
SZSE:000065
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Price: 13.61 CNY -3.27% Market Closed
Market Cap: ¥15.8B

EV/EBITDA

15.2
Current
10%
More Expensive
vs 3-y average of 13.9

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
15.2
=
Enterprise Value
¥16.2B
/
EBITDA
¥1B

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
15.2
=
Enterprise Value
¥16.2B
/
EBITDA
¥1B

Valuation Scenarios

NORINCO International Cooperation Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (13.9), the stock would be worth ¥12.43 (9% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-13%
Maximum Upside
+90%
Average Upside
20%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 15.2 ¥13.61
0%
3-Year Average 13.9 ¥12.43
-9%
5-Year Average 13.2 ¥11.81
-13%
Industry Average 17.1 ¥15.36
+13%
Country Average 28.8 ¥25.82
+90%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥16.2B
/
Jan 2026
¥1B
=
15.2
Current
¥16.2B
/
Dec 2026
¥2.2B
=
7.5
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
NORINCO International Cooperation Ltd
SZSE:000065
15.8B CNY 15.2 21.9
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 10.9 19.9
US
Quanta Services Inc
NYSE:PWR
93.5B USD 40 91
FR
Vinci SA
PAR:DG
70.9B EUR 6.5 14.4
US
Comfort Systems USA Inc
NYSE:FIX
60.7B USD 41 59.4
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 20.4 33.9
IN
Larsen and Toubro Ltd
F:LTO
46.8B EUR 18.6 30.8
ES
Ferrovial SA
MAD:FER
43.3B EUR 33.5 47.9
NL
Ferrovial SE
AEX:FER
42.3B EUR 33.4 47.6
DE
Hochtief AG
XETRA:HOT
34.5B EUR 12.8 38.2
US
EMCOR Group Inc
NYSE:EME
38.7B USD 21.4 30.4

Market Distribution

Lower than 73% of companies in China
Percentile
27th
Based on 5 409 companies
27th percentile
15.2
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

NORINCO International Cooperation Ltd
Glance View

Market Cap
15.8B CNY
Industry
Construction

NORINCO International Cooperation Ltd., a prominent player on the global stage, has carved out a niche in the international engineering and construction sector. As a subsidiary of the China North Industries Group Corporation (NORINCO), the company leverages its strong ties and rich heritage rooted in industrial projects. Its business model is primarily centered on the design, construction, and management of complex infrastructure projects, spanning from railways and highways to energy solutions and urban development. NORINCO International combines cutting-edge technology with innovative project management techniques, ensuring that it can deliver global projects on time and within budget. This approach not only enhances its reputation but also solidifies long-term relationships with governments and private sector clients around the world. Revenue for NORINCO International largely stems from large-scale contracts awarded for infrastructure development, which the company bids for competitively against other global giants in the field. By focusing on international markets, particularly in developing regions, NORINCO International taps into the growing demand for modernization and expansion of infrastructure in these areas. Its operations are bolstered by a robust supply chain and support from its parent company, allowing it to offer competitive pricing and comprehensive solutions. This strategic alignment of resources and expertise enables the company to execute complex projects that contribute to its profitability, reflecting an astute understanding of market dynamics and a commitment to delivering value through sustainable development.

Intrinsic Value
32.58 CNY
Undervaluation 58%
Intrinsic Value
Price ¥13.61
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