Subscribe

Shenzhen Expressway Corporation Limited (600548.SS)

CNY8.52 +0.01 (+0.12%)
CN SHH Industrials Industrial - Infrastructure Operations
Address Hanking Center Tower 518026
Shenzhen, GD, CN
CEO Liao Xiangwen
Website sz-expressway.com
IPO 2001-12-25
ISIN CNE0000019G9

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 0548.HK (HKD) Other OTC · SHZNF (USD) Other OTC · SHZNY (USD) Shanghai Stock Exchange · 600548.SS (CNY)
Description

Shenzhen Expressway Corporation Limited, together with its subsidiaries, primarily invests in, constructs, operates, and manages toll highways and roads, as well as other urban and transportation infrastructure in the People's Republic of China. It operates through Toll Road, Environmental Protection, and Others segments. The company offers recovery and solid waste management; clean energy power generation; construction management and highways operation management services for government and other enterprises; project development, road operation and maintenance, and construction consulting; entrusted management, advertising, finance leasing, and construction services under franchised arrangement services; property development and management; and electronic toll collection and clearing systems and services. It also provides environmental protection and infrastructure construction; capital market; wind power; kitchen waste disposal; commercial factoring; environmental and ecological monitoring agricultural science research; health, elderly care, and nursing; engineering; business and office; information technology; environment and facility; real estate; science and technology promotion and application; and real estate brokerage services. In addition, the company is involved in the leasing and management of apartments; manufacturing equipment; asphalt building materials; and ecological protection and environmental management industries. The company was incorporated in 1996 and is headquartered in Shenzhen, the People's Republic of China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
CNY8.52 +0.01 (+0.12%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
3M
Beta
0.31
Float Shares
348.90M
Free Float %
13.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.94% +1.48% -1.65% -1.00% -9.53% +1.36% -21.13% -7.66% -4.50% +12.34% +76.63%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
8.52
DCF (Unlevered) 9.12 +7.1%
DCF (Levered) 32.43 +280.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2024-11 Change
Strong Buy 4 0
Buy 2 0
Hold 2 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
0.65
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Industrial - Infrastructure Operations: +6.5%
    -0.1% Q1'26: -0.7% (vs Q1'25)
  • ✓
    EPS growth Industrial - Infrastructure Operations: +11.1%
    +2.3% Q1'26: +0.0% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Industrial - Infrastructure Operations: +42.0%
    +11.2% Q1'26: +31.3% (vs Q1'25)
  • ✓
    EBIT margin Industrial - Infrastructure Operations: +28.4%
    +22.0% Q1'26: +33.3% (vs Q1'25)
  • ✗
    ROIC Industrial - Infrastructure Operations: +6.7%
    +2.6% Q1'26: +3.4% (vs Q1'25)
  • ✓
    Share dilution Industrial - Infrastructure Operations: +0.0%
    -2.3% ★ Q1'26: +7.8% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Industrial - Infrastructure Operations: 1.25×
    8.08× Q1'26: 15.40× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.32) × ERP
WACC = 38% × Ke + 62% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 9.12 Current price: 8.52
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
1 Rev. Ana.
1 EPS Ana. 		Dec 2027
1 Rev. Ana.
1 EPS Ana. 		Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
3.42B
est: 3.35B (+2.1%)
4.53B
est: 4.30B (+5.5%)
5.21B
est: 4.79B (+8.9%)
5.81B
est: 5.80B (+0.1%)
6.39B
est: 5.57B (+14.7%)
8.03B
est: 5.39B (+48.9%)
10.89B
est: 9.82B (+10.9%)
9.37B
est: 11.53B (-18.7%)
9.30B
est: 10.23B (-9.1%)
9.25B
est: 8.44B (+9.6%)
9.24B
est: 10.94B (-15.5%)
11.24B
11.24B – 11.24B
+2.7% YoY
11.81B
11.81B – 11.81B
+5.1% YoY
12.25B
12.25B – 12.25B
+3.7% YoY
EBITDA
2.37B
est: 1.64B (+44.0%)
3.00B
est: 2.11B (+42.1%)
3.84B
est: 2.35B (+63.5%)
4.31B
est: 2.85B (+51.5%)
3.87B
est: 2.73B (+41.7%)
3.97B
est: 2.64B (+50.0%)
5.22B
est: 4.82B (+8.3%)
4.51B
est: 5.66B (-20.3%)
4.90B
est: 5.02B (-2.4%)
4.37B
est: 4.15B (+5.2%)
4.51B
est: 5.38B (-16.3%)
5.53B
5.53B – 5.53B
+2.7% YoY
5.81B
5.81B – 5.81B
+5.1% YoY
6.03B
6.03B – 6.03B
+3.7% YoY
EBIT
1.47B
est: 874.49M (+68.2%)
1.78B
est: 1.12B (+58.3%)
2.25B
est: 1.25B (+80.4%)
2.67B
est: 1.51B (+76.4%)
2.35B
est: 1.45B (+61.9%)
2.23B
est: 1.41B (+58.7%)
2.98B
est: 2.56B (+16.4%)
2.30B
est: 3.01B (-23.6%)
2.60B
est: 2.67B (-2.8%)
2.12B
est: 2.10B (+0.6%)
2.03B
est: 2.73B (-25.5%)
2.80B
2.80B – 2.80B
+2.7% YoY
2.94B
2.94B – 2.94B
+5.1% YoY
3.05B
3.05B – 3.05B
+3.7% YoY
Net Income
1.55B
est: 1.81B (-14.4%)
1.17B
est: 1.48B (-20.9%)
1.38B
est: 1.75B (-21.1%)
3.44B
est: 4.11B (-16.4%)
2.56B
est: 3.35B (-23.4%)
2.05B
est: 1.55B (+32.9%)
2.61B
est: 3.13B (-16.5%)
2.02B
est: 2.96B (-31.9%)
2.33B
est: 2.80B (-17.0%)
1.15B
est: 1.55B (-26.0%)
1.15B
est: 1.50B (-23.2%)
1.65B
1.65B – 1.65B
+10.2% YoY
1.45B
1.45B – 1.45B
-12.3% YoY
1.37B
1.37B – 1.37B
-5.3% YoY
SGA
143.07M
est: 176.78M (-19.1%)
148.55M
est: 226.74M (-34.5%)
196.14M
est: 252.63M (-22.4%)
218.21M
est: 306.10M (-28.7%)
376.90M
est: 293.95M (+28.2%)
411.53M
est: 284.46M (+44.7%)
621.02M
est: 518.15M (+19.9%)
472.12M
est: 608.30M (-22.4%)
502.88M
est: 539.79M (-6.8%)
472.76M
est: 450.87M (+4.9%)
504.36M
est: 584.58M (-13.7%)
600.42M
600.42M – 600.42M
+2.7% YoY
630.94M
630.94M – 630.94M
+5.1% YoY
654.51M
654.51M – 654.51M
+3.7% YoY
EPS
0.71
est: 0.70 (+1.7%)
0.54
est: 0.57 (-5.8%)
0.63
est: 0.68 (-6.1%)
1.58
est: 1.58 (-0.3%)
1.18
est: 1.29 (-8.5%)
0.94
est: 0.60 (+57.9%)
1.11
est: 1.20 (-7.9%)
0.92
est: 1.14 (-18.9%)
1.07
est: 1.08 (-0.9%)
0.44
est: 0.61 (-27.9%)
0.45
est: 0.59 (-23.7%)
0.65
0.65 – 0.65
+10.2% YoY
0.57
0.57 – 0.57
-12.3% YoY
0.54
0.54 – 0.54
-5.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-28 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-27 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-26 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-25 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-22 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-21 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-20 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-19 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-18 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-15 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-14 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-13 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-12 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-11 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-05-08 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-05-07 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-05-06 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-04-30 B+ 3/5 5/5 2/5 3/5 1/5 3/5 4/5
2026-04-29 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5
2026-04-28 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5
2026-04-27 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5
2026-04-24 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5
2026-04-23 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5
2026-04-22 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5
2026-04-21 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5
2026-04-20 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5
2026-04-17 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5
2026-04-16 B+ 3/5 5/5 2/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.89B
OE per share TTM
1.15
Owner's Yield
12.74%
Maintenance CapEx ratio
104.13%
Maint CapEx / Avg PPE
71.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 22 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 JPMorgan Diversified Return Emerging Markets Equity ETF JPEM 0.03% 105.5K 0.44%
2 Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF EMCR 0.01% 4.6K 0.15%
3 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 8.0K 0.48%
4 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 18.1K 0.26%
5 Vanguard FTSE Emerging Markets ETF VWO 0.00% 894.5K 0.06%
6 Vanguard ESG International Stock ETF VSGX 0.00% 27.2K 0.10%
7 Vanguard International High Dividend Yield ETF VYMI 0.00% 78.3K 0.07%
8 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.00% 20.8K 0.17%
9 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.00% 20.8K 0.17%
10 Invesco FTSE All-World UCITS ETF FWRA.SW 0.00% 9.2K 0.15%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
292.4K
Shares Outstanding
2.54B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Enli Xu Executive Chairman 1M male
Xiang Wen Liao President & Executive Director 1M male
Hai Yao Executive Director 1M male
Bi Nan Huang Deputy Administrative Officer & Vice President 1M female
De Liang Wen Vice President 1M male
Meng Du Vice President 1M male
Shaoliang Wang Vice President 1M male
Guiping Zhao Chief Accountant & Company Secretary 1M female
Shou Yi Chen Chief Engineer 1M male
Zhenyuan Jin Chief Financial Officer & Executive Director — female
Liang Wen CFO & Director — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

Related companies

Largest companies in Industrial - Infrastructure Operations