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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  CRRC Corporation Limited    601766   CNE100000CP9

CRRC CORPORATION LIMITED

(601766)
  Report
End-of-day quote. End-of-day quote Shanghai Stock Exchange - 01/20
6.87 CNY   +1.33%
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How Siemens and Alstom rail stack up against the competition

09/27/2017 | 01:03pm EST

FRANKFURT (Reuters) - Siemens (>> Siemens) and Alstom (>> Alstom) have agreed to merge their rail businesses, creating a bigger second player to China's CRRC (>> CRRC Corp Ltd), with sales of 15.3 billion euros ($18 billion).

FRANKFURT (Reuters) - Siemens (>> Siemens) and Alstom (>> Alstom) have agreed to merge their rail businesses, creating a bigger second player to China's CRRC (>> CRRC Corp Ltd), with sales of 15.3 billion euros ($18 billion).

The move is the latest in a wave of rail industry consolidation in the past few years.

Below are details of previous deals, and how Siemens and Alstom stack up together and against the competition.

PREVIOUS DEALS:

2013- Siemens bought Britain's Invensys Rail Group for 1.7 billion pounds ($2.3 billion). Siemens becomes global number 2.

2015 - Alstom bought the signaling unit of U.S. conglomerate General Electric (>> General Electric Company) for 700 million euros. Alstom is becomes global number 3.

2015 - China's state-owned CNR and CSR merged to create CRRC, the world's biggest manufacturer of rolling stock.

2015 - Japan's Hitachi (>> Hitachi Transport System Ltd) bought Ansaldo STS & Breda from Italy's Finnmeccanica (>> Leonardo) for about 800 million euros. Hitachi Rail is now the world's sixth-biggest rail company.

2016 - Switzerland's Stadler Rail bought the Valencia-based Rail Vehicles from Germany's Vossloh (>> Vossloh AG) for about 48 million euros. Stadler is now the world number 10.

2016 - U.S.-based Wabtec (>> Westinghouse Air Brake Technologies Corp) bought a majority in French railway systems and services provider Faiveley <FVLEF.PK> in a deal that will total about $1.7 billion. Wabtec is now global number nine.

SIEMENS-ALSTOM COMBINATION:

ORDER BACKLOG - Siemens 26.4 billion euros; Alstom 34.8 billion; total 61.2 billion euros.

LAST FISCAL YEAR ORDERS - Siemens 8 billion euros; Alstom 10 billion; total 18 billion euros.

REVENUE - Siemens 8 billion euros; Alstom 7.3 billion; total 15.3 billion euros.

ADJUSTED EBIT - Siemens 800 million euros, margin 10.1 percent; Alstom 400 million euros, margin 5.8 percent; total 1.2 billion euros, margin 8 percent.

EMPLOYEES BY REGION:

EUROPE - Alstom 20,700; Siemens 22,700; total 43,400

AMERICAS - Alstom 5,200; Siemens 2,500; total 7,700

ASIA PACIFIC - Alstom 4,000; Siemens 3,500; total 7,500

MIDDLE EAST AND AFRICA - Alstom 2,900; Siemens 800; total 3,700

WORLD - Siemens 29,500; Alstom 32,800; total 62,300

(Reporting by Georgina Prodhan. Editing by Jane Merriman)


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ALSTOM 0.02% 48.7 Real-time Quote.4.44%
CRRC CORPORATION LIMITED 1.33% 6.87 End-of-day quote.29.38%
DOW JONES AFRICA TITANS 50 INDEX 0.32% 546.09 Delayed Quote.2.22%
GENERAL ELECTRIC COMPANY -0.35% 11.39 Delayed Quote.5.46%
HITACHI TRANSPORT SYSTEM, LTD. -0.81% 3060 End-of-day quote.-0.33%
LEONARDO S.P.A. -2.26% 5.958 Delayed Quote.3.42%
LINE CORPORATION 0.00% 5350 End-of-day quote.0.00%
ONE STOP SYSTEMS, INC. -2.52% 4.25 Delayed Quote.6.25%
S&P AFRICA 40 INDEX 0.71% 178.9 Delayed Quote.1.56%
SIEMENS AG 1.14% 123.74 Delayed Quote.4.12%
STADLER RAIL AG 1.46% 44.42 Delayed Quote.8.36%
VOSSLOH AG 2.89% 44.5 Delayed Quote.4.59%
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION -0.43% 81.28 Delayed Quote.11.04%
WORLD CO., LTD. -1.61% 1285 End-of-day quote.2.55%
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Financials
Sales 2020 222 B 34 319 M 34 319 M
Net income 2020 10 935 M 1 693 M 1 693 M
Net cash 2020 23 170 M 3 586 M 3 586 M
P/E ratio 2020 18,1x
Yield 2020 1,97%
Capitalization 211 B 32 699 M 32 723 M
EV / Sales 2020 0,85x
EV / Sales 2021 0,74x
Nbr of Employees 165 715
Free-Float 48,1%
Chart CRRC CORPORATION LIMITED
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Technical analysis trends CRRC CORPORATION LIMITED
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 7,26 CNY
Last Close Price 6,87 CNY
Spread / Highest target 45,6%
Spread / Average Target 5,73%
Spread / Lowest Target -41,8%
EPS Revisions
Managers and Directors
NameTitle
Yong Cai Sun President, General Manager & Executive Director
Hua Long Liu Chairman
Hu Zhao Chairman-Supervisory Board
Zheng Li Chief Financial Officer & Chief Accountant
Qi Liang Lou Executive Director