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Sichuan Expressway Co
(0107)
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Rating:60Neutral
Price Target:
HK$5.00
â–²(4.60% Upside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by solid operating profitability but tempered by a debt-heavy capital structure and negative TTM free cash flow. Valuation is a positive offset due to the high dividend yield and moderate P/E, while technical indicators point to a largely neutral setup with weaker longer-term trend.
Positive Factors
Strong Operating Profitability
The company generates healthy margins for an infrastructure operator, indicating solid toll-road economics and operating leverage. These margins can support resilience through moderate traffic fluctuations, although their durability remains linked to traffic volumes, toll policies, and maintenance costs.
Negative Factors
High Financial Leverage
The debt-heavy capital structure reduces financial flexibility and increases sensitivity to funding costs or weaker cash generation. Higher leverage can constrain investment and distributions while making the company more dependent on stable toll receipts to service long-lived infrastructure debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Operating Profitability
The company generates healthy margins for an infrastructure operator, indicating solid toll-road economics and operating leverage. These margins can support resilience through moderate traffic fluctuations, although their durability remains linked to traffic volumes, toll policies, and maintenance costs.
Read all positive factors
Sichuan Expressway Co (0107) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$18.92B
Dividend Yield7.08%
Average Volume (3M)995.54K
Price to Earnings (P/E)11.7
Beta (1Y)0.06
Revenue Growth7.83%
EPS Growth-5.65%
CountryHK
Employees4,353
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)0.61
Shares Outstanding895,320,000
10 Day Avg. Volume856,620
30 Day Avg. Volume995,539
Financial Highlights & Ratios
PEG Ratio4.56
Price to Book (P/B)1.07
Price to Sales (P/S)2.46
P/FCF Ratio24.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$6.42Price Target Upside34.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.56
Revenue Forecast (FY)HK$10.52B
Sichuan Expressway Co Business Overview & Revenue Model
Company Description
Sichuan Expressway Co. Ltd. invests in the construction, operation, and management of road infrastructure projects. The company holds interests in Chengyu, Chengya, and Chengren Expressways. It operates through the following segments: Toll Operati...
How the Company Makes Money
Sichuan Expressway primarily makes money by operating tolled expressways and collecting toll revenue from vehicles using its road network. Under this model, the company (directly or through subsidiaries/joint ventures) holds operating rights for s...
Sichuan Expressway Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
56
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.58B | 8.76B | 10.36B | 11.65B | 9.91B | 9.10B |
| Gross Profit | 3.17B | 3.05B | 3.30B | 2.93B | 1.80B | 2.35B |
| EBITDA | 3.27B | 3.78B | 3.98B | 3.75B | 2.50B | 3.81B |
| Net Income | 1.58B | 1.51B | 1.46B | 1.19B | 624.23M | 1.87B |
Balance Sheet | ||||||
| Total Assets | 67.28B | 63.71B | 61.07B | 57.66B | 40.26B | 40.73B |
| Cash, Cash Equivalents and Short-Term Investments | 1.52B | 4.39B | 2.95B | 1.98B | 2.55B | 3.84B |
| Total Debt | 42.33B | 38.48B | 36.49B | 34.58B | 19.35B | 20.04B |
| Total Liabilities | 45.33B | 42.46B | 41.57B | 40.99B | 21.54B | 22.28B |
| Stockholders Equity | 20.10B | 20.15B | 18.40B | 15.67B | 17.81B | 17.36B |
Cash Flow | ||||||
| Free Cash Flow | -570.06M | 879.62M | 652.40M | -1.51B | -2.06B | -2.05B |
| Operating Cash Flow | 3.75B | 3.32B | 3.70B | 3.23B | 2.01B | 1.58B |
| Investing Cash Flow | -4.30B | -2.41B | -3.20B | -1.98B | -3.48B | -1.56B |
| Financing Cash Flow | -620.23M | 520.97M | 464.23M | -1.86B | 190.61M | 641.85M |
Sichuan Expressway Co Technical Analysis
Neutral
4.78
Price Trends
4.63
Positive
4.96
Negative
5.05
Negative
Market Momentum
0.03
Negative
59.72
Neutral
77.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0107, the sentiment is Neutral. The current price of 4.78 is above the 20-day moving average (MA) of 4.64, above the 50-day MA of 4.63, and below the 200-day MA of 5.05, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 59.72 is Neutral, neither overbought nor oversold. The STOCH value of 77.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0107.
Sichuan Expressway Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$32.16B | 14.61 | 15.04% | 4.70% | -17.37% | 6.37% | |
66 Neutral | HK$3.36B | 5.34 | 10.80% | 6.97% | 1.69% | 15.41% | |
64 Neutral | HK$67.46B | 13.35 | 11.22% | 5.65% | -7.89% | 4.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$22.73B | 19.70 | 4.77% | 4.16% | -1.39% | -16.72% | |
60 Neutral | HK$18.92B | 11.68 | 7.89% | 7.08% | 7.83% | -5.65% | |
59 Neutral | HK$3.42B | 7.91 | 7.21% | 8.11% | -52.79% | -10.61% |
* Industrials Sector Average
HK:0107
Sichuan Expressway Co
4.81
0.47
10.79%
HK:0995
Anhui Expressway Company
16.16
5.22
47.69%
HK:0177
Jiangsu Expressway Co
9.91
1.18
13.50%
HK:0548
Shenzhen Expressway Co
6.75
-0.25
-3.60%
HK:1576
Qilu Expressway Co., Ltd. Class H
1.70
<0.01
0.18%
HK:1785
Chengdu Expressway Co., Ltd. Class H
2.00
0.04
2.20%
Sichuan Expressway Co Corporate Events
Sichuan Expressway Delivers Earnings Growth on Higher Interim Revenue
Aug 27, 2026
In the first half of 2026, Sichuan Expressway Company Limited, a PRC-based expressway investment and toll-road operator listed in Hong Kong, continued to generate most of its income from transport infrastructure services in Sichuan and nearby regi...
Sichuan Expressway Co Proposes Appointment of New Non-Executive Director
Aug 27, 2026
Sichuan Expressway Company Limited has nominated veteran accountant and state-sector executive Mr. Zhang Lihu as a non-executive director for the ninth session of its board, with his appointment pending shareholder approval at an upcoming general ...
Sichuan Expressway Sets Board Meeting to Approve 2026 Interim Results
Aug 14, 2026
Sichuan Expressway Company Limited has scheduled a board meeting for 27 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The company also intends to proceed with the publication of these interi...
Sichuan Expressway Announces Resignation of Non-Executive Director
Aug 6, 2026
Sichuan Expressway Company Limited announced that non-executive director Mr. Li Chengyong has resigned from the board due to a change in work arrangements, effective 6 August 2026. The company stated that Mr. Li has no disagreements with the board...
Sichuan Expressway Sets Out Board Composition and Governance Committees
Aug 6, 2026
Sichuan Expressway Company Limited has announced the composition of its Board of Directors, detailing a mix of executive, non-executive and independent non-executive directors, with Chairman Luo Zuyi and Vice Chairmen You Zhiming and Nie Yibin amo...
Sichuan Expressway Wins Shareholder Approval for Targeted A-Share Issuance Mandate
Jul 21, 2026
Sichuan Expressway Company Limited reported the poll results of its extraordinary general meeting held in Chengdu on 21 July 2026, where 160 shareholders and proxies representing about 59.28% of the company’s issued share capital attended. B...
Sichuan Expressway Relocates Hong Kong Office and Appoints New Process Agent
Jul 2, 2026
Sichuan Expressway Company Limited has announced that its principal place of business in Hong Kong will move to Rooms 2201-03, 22nd Floor, World-Wide House, 19 Des Voeux Road Central, with effect from 1 July 2026. The company’s telephone, fa...
Sichuan Expressway Calls EGM to Approve Targeted A Share Issuance and Governance Changes
Jun 30, 2026
Sichuan Expressway Company Limited has convened its fourth extraordinary general meeting for 21 July 2026 in Chengdu to seek shareholder approval on a wide-ranging set of capital and governance proposals. The agenda includes granting the board a g...
Sichuan Expressway Shareholders Approve New Remuneration System at EGM
Jun 29, 2026
Sichuan Expressway Company Limited reported the poll results of its extraordinary general meeting held in Chengdu on 29 June 2026, where shareholders representing about 59.3% of issued voting shares were present. Attendance included 137 A-share ho...
Sichuan Expressway Announces Retirement of Employee Director Li Tao
Jun 23, 2026
Sichuan Expressway Company Limited has announced the retirement and resignation of employee director Li Tao, who also served as a member of the audit committee, with her departure effective upon the board’s receipt of her written notice. The...
Sichuan Expressway Clarifies Board Structure and Committee Roles
Jun 23, 2026
Sichuan Expressway Company Limited has disclosed the current composition of its board, detailing the roles of its executive, non-executive and independent non-executive directors, including the chairman, vice chairmen and lead independent director...
Sichuan Expressway Seeks New Share Mandate and Targeted A-Share Issue
Jun 18, 2026
Sichuan Expressway Company Limited’s board has proposed a new general mandate to issue additional A and H shares, allowing it to raise equity of up to 20% of its existing A and H share capital to enhance flexibility and seize market opportun...
Sichuan Expressway Plans Name Change to Reflect Group Expansion
Jun 18, 2026
Sichuan Expressway Company Limited plans to change its Chinese and English names to Sichuan Expressway Group Company Limited to better align with its expanded business scope and group-based management model. The move is intended to enhance brand i...
Sichuan Expressway calls June EGM to approve new pay system for directors
Jun 9, 2026
Sichuan Expressway Company Limited has called an extraordinary general meeting for 29 June 2026 in Chengdu to seek shareholder approval for a new Remuneration Management System for directors and senior management. The proposal will be voted on by ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.