Valuation Ningbo Construction Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 2025-06-20			5-day change	1st Jan Change
5.500 ^CNY	+1.85%		+1.66%	+23.87%

Jun. 09	Consortium With Ningbo Construction's Units Bags Construction Project for 787 Million Yuan	MT
Jun. 06	Ningbo Construction Says Unit's Consortium Won Bid Worth 786.8 Million Yuan	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024
Capitalization ¹	3,719	3,895	3,641	4,695	4,499	4,825
Change	-	4.72%	-6.52%	28.95%	-4.17%	7.25%
Enterprise Value (EV) ¹	4,518	3,799	4,924	4,167	4,220	6,005
Change	-	-15.9%	29.59%	-15.37%	1.27%	42.32%
P/E ratio	15.5x	15.6x	9.49x	14.2x	14.6x	16.6x
PBR	1.28x	1.09x	0.94x	0.93x	1.05x	1.08x
PEG	-	4.27x	0.2x	-0.6x	-2.14x	-3.09x
Capitalization / Revenue	0.2x	0.2x	0.17x	0.21x	0.2x	0.23x
EV / Revenue	0.24x	0.19x	0.23x	0.19x	0.19x	0.29x
EV / EBITDA	6.89x	6.35x	7.42x	6.35x	6.66x	8.89x
EV / EBIT	8.18x	7.54x	8.88x	7.54x	8.06x	10.6x
EV / FCF	9.95x	4.73x	155x	2.86x	2.1x	11.9x
FCF Yield	10%	21.1%	0.65%	35%	47.6%	8.44%
Dividend per Share ²	0.1	0.1	0.12	0.1	0.1	0.1
Rate of return	2.62%	2.51%	3.22%	2.31%	2.42%	2.25%
EPS ²	0.2462	0.2552	0.3929	0.3033	0.2826	0.2674
Distribution rate	40.6%	39.2%	30.5%	33%	35.4%	37.4%
Net sales ¹	18,555	19,797	21,320	21,867	22,673	21,060
EBITDA ¹	656	598.5	663.9	655.7	634	675.7
EBIT ¹	552.6	504.2	554.2	552.9	523.8	565.7
Net income ¹	240.3	279.6	415.7	348.8	329.4	308.3
Net Debt ¹	798.8	-95.18	1,283	-528.3	-279.6	1,180
Reference price ²	3.810	3.990	3.730	4.320	4.140	4.440
Nbr of stocks (in thousands)	976,080	976,080	976,091	1,086,799	1,086,799	1,086,799
Announcement Date	4/28/20	4/19/21	4/18/22	4/17/23	4/15/24	4/21/25

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NINGBO CONSTRUCTION CO., LTD.	-	-	-	-	833M
VINCI	14.28x	1.18x	6.52x	3.94%	78.36B
LARSEN & TOUBRO LIMITED	27.35x	2.02x	18.77x	1.13%	58.13B
QUANTA SERVICES, INC.	49.82x	2.08x	20.5x	0.11%	53.47B
FERROVIAL SE	38.01x	3.9x	25.1x	1.84%	36.25B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	4.8x	0.29x	5.43x	5.34%	32.81B
WSP GLOBAL INC.	39.57x	2.86x	15.71x	0.55%	25.72B
EMCOR GROUP, INC.	20.53x	1.25x	12.52x	0.21%	21.71B
COMFORT SYSTEMS USA, INC.	25.72x	2.21x	16.71x	0.35%	17.6B
Average	27.51x	1.97x	15.16x	1.68%	36.1B
Weighted average by Cap.	27.23x	1.89x	14.68x	2%