Stock 601006 DAQIN RAILWAY CO., LTD.
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Financials Daqin Railway Co., Ltd.

Equities

601006

CNE000001NG4

Ground Freight & Logistics

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
7.44 CNY -1.06% Intraday chart for Daqin Railway Co., Ltd. -2.23% +3.19%
Apr. 26 Daqin Railway Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Mar. 11 Daqin Line's Cargo Transportation Volume Drops 12.6% in February MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 122,056 96,039 95,148 99,311 110,828 130,693 - -
Enterprise Value (EV) 1 116,418 81,465 78,817 79,100 80,850 93,949 85,980 88,554
P/E ratio 8.92 x 8.97 x 9.28 x 11 x 10.6 x 9.4 x 9.98 x 14.7 x
Yield 5.85% 7.43% 7.5% 7.19% 6.1% 5.38% 6.07% 4.75%
Capitalization / Revenue 1.53 x 1.33 x 1.21 x 1.31 x 1.37 x 1.61 x 1.5 x 1.66 x
EV / Revenue 1.46 x 1.13 x 1 x 1.04 x 1 x 1.16 x 0.99 x 1.12 x
EV / EBITDA 4.26 x 3.57 x 3.41 x 3.6 x 3.52 x 3.97 x 3.55 x 5.33 x
EV / FCF 11.8 x 7.69 x 5.12 x 8.71 x 8.06 x -11 x 5.1 x -
FCF Yield 8.46% 13% 19.5% 11.5% 12.4% -9.05% 19.6% -
Price to Book 1.07 x 0.79 x 0.79 x 0.79 x 0.84 x 0.88 x 0.8 x 0.86 x
Nbr of stocks (in thousands) 14,866,791 14,866,791 14,866,897 14,866,942 15,371,394 17,566,216 - -
Reference price 2 8.210 6.460 6.400 6.680 7.210 7.440 7.440 7.440
Announcement Date 4/28/20 4/26/21 4/27/22 4/26/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 79,917 72,322 78,682 75,758 81,020 81,064 86,970 78,891
EBITDA 1 27,306 22,800 23,084 21,951 22,977 23,683 24,204 16,618
EBIT 1 19,975 15,750 18,212 16,901 17,872 19,579 19,747 11,092
Operating Margin 24.99% 21.78% 23.15% 22.31% 22.06% 24.15% 22.71% 14.06%
Earnings before Tax (EBT) 1 19,791 15,659 18,103 16,800 17,727 19,249 19,393 14,847
Net income 1 13,669 10,896 12,181 11,196 11,930 12,854 12,971 10,097
Net margin 17.1% 15.07% 15.48% 14.78% 14.72% 15.86% 14.91% 12.8%
EPS 2 0.9200 0.7200 0.6900 0.6100 0.6800 0.7917 0.7454 0.5051
Free Cash Flow 1 9,845 10,588 15,395 9,085 10,032 -8,506 16,850 -
FCF margin 12.32% 14.64% 19.57% 11.99% 12.38% -10.49% 19.37% -
FCF Conversion (EBITDA) 36.05% 46.44% 66.69% 41.39% 43.66% - 69.62% -
FCF Conversion (Net income) 72.02% 97.18% 126.38% 81.14% 84.09% - 129.91% -
Dividend per Share 2 0.4800 0.4800 0.4800 0.4800 0.4400 0.4000 0.4520 0.3536
Announcement Date 4/28/20 4/26/21 4/27/22 4/26/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 21,047 - 20,673 - 19,832 16,994 19,839 20,602 20,356 20,223 - - - - -
EBITDA - - 6,896 - 5,699 - - - - - - - - - -
EBIT 3,117 - 6,476 - 5,096 1,014 - 5,760 5,159 1,540 - - - - -
Operating Margin 14.81% - 31.32% - 25.7% 5.97% - 27.96% 25.35% 7.61% - - - - -
Earnings before Tax (EBT) 3,098 - 6,458 - 5,097 953.2 - 5,724 5,126 1,498 - - - - -
Net income 1,928 - 4,349 7,316 3,495 385.8 3,655 3,883 3,574 818.6 - - - - -
Net margin 9.16% - 21.04% - 17.62% 2.27% 18.42% 18.85% 17.56% 4.05% - - - - -
EPS 0.1200 - 0.2300 - 0.1900 0.0200 - 0.2100 0.2000 0.0700 - - - - -
Dividend per Share 1 0.4800 - - - - 0.4800 - - - - - - 0.4000 - -
Announcement Date 4/27/22 4/27/22 8/29/22 8/29/22 10/27/22 4/26/23 4/26/23 8/28/23 10/26/23 4/26/24 - - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 5,639 14,575 16,331 20,211 29,978 36,744 44,713 42,139
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 9,845 10,588 15,395 9,085 10,032 -8,506 16,850 -
ROE (net income / shareholders' equity) 12.6% 9.45% 9.94% 8.9% 9.09% 7.66% 8.35% 5.83%
ROA (Net income/ Total Assets) 9.3% 6.58% 6.25% 5.59% - 6.53% 6.45% -
Assets 1 146,997 165,689 194,845 200,420 - 196,739 201,096 -
Book Value Per Share 2 7.660 8.130 8.140 8.400 8.570 8.490 9.350 8.680
Cash Flow per Share 2 1.010 0.8400 1.270 1.080 1.100 1.280 1.310 -
Capex 1 5,178 1,940 3,504 7,017 7,213 6,162 5,711 5,868
Capex / Sales 6.48% 2.68% 4.45% 9.26% 8.9% 7.6% 6.57% 7.44%
Announcement Date 4/28/20 4/26/21 4/27/22 4/26/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Daqin Railway Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
7.44 CNY
Average target price
7.89 CNY
Spread / Average Target
+6.05%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Railway Freight Operators
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