Sichuan Expressway Co Ltd Class H (HK:0107)
:0107
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Sichuan Expressway Co
(0107)
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Rating:52Neutral
Price Target:
HK$5.50
â–²(1.29% Upside)
Action:ReiteratedDate:04/02/26
The score is held back primarily by leveraged financials and uneven free cash flow alongside weakening revenue trends. Technicals also point to a weak near-term setup. These are partially offset by a relatively reasonable P/E and a high dividend yield.
Positive Factors
Toll-based recurring cash flow
The core business is operating tolled expressways, which generates predictable, usage-linked cash inflows. Such infrastructure cash flows are structurally durable, supporting steady operating cash generation, recurring maintenance capex planning and distribution policies over multi-year horizons.
Negative Factors
Rising leverage
Debt roughly doubled over recent years, producing elevated leverage (around 2x equity). This structural indebtedness increases interest and refinancing risk, reduces financial flexibility for capex or acquisitions, and amplifies vulnerability to traffic or revenue shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Toll-based recurring cash flow
The core business is operating tolled expressways, which generates predictable, usage-linked cash inflows. Such infrastructure cash flows are structurally durable, supporting steady operating cash generation, recurring maintenance capex planning and distribution policies over multi-year horizons.
Read all positive factors
Sichuan Expressway Co (0107) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$18.83B
Dividend Yield5.82%
Average Volume (3M)2.63M
Price to Earnings (P/E)14.2
Beta (1Y)<0.01
Revenue Growth-20.02%
EPS Growth42.97%
CountryHK
Employees4,548
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)0.08
Shares Outstanding895,320,000
10 Day Avg. Volume3,790,396
30 Day Avg. Volume2,633,362
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.56
Revenue Forecast (FY)HK$10.86B
Sichuan Expressway Co Business Overview & Revenue Model
Company Description
Sichuan Expressway Company Limited, together with its subsidiaries, invests in, constructs, operates, and manages expressway infrastructure projects in Sichuan Province, the People's Republic of China. It operates through five segments: Toll Roads...
How the Company Makes Money
The company primarily makes money by operating tolled expressways and collecting toll revenue from vehicles using its road network. Toll income is generally driven by traffic volume, toll rates approved by relevant authorities, and the operating s...
Sichuan Expressway Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
46
Neutral
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.76B | 10.36B | 11.65B | 9.91B | 9.10B |
| Gross Profit | 3.05B | 3.30B | 2.93B | 1.80B | 2.35B |
| EBITDA | 3.78B | 3.98B | 3.75B | 2.50B | 3.81B |
| Net Income | 1.51B | 1.46B | 1.19B | 624.23M | 1.87B |
Balance Sheet | |||||
| Total Assets | 63.71B | 61.07B | 57.66B | 40.26B | 40.73B |
| Cash, Cash Equivalents and Short-Term Investments | 4.39B | 2.95B | 1.98B | 2.55B | 3.84B |
| Total Debt | 38.48B | 36.49B | 34.58B | 19.35B | 20.04B |
| Total Liabilities | 42.46B | 41.57B | 40.99B | 21.54B | 22.28B |
| Stockholders Equity | 20.15B | 18.40B | 15.67B | 17.81B | 17.36B |
Cash Flow | |||||
| Free Cash Flow | 879.62M | 652.40M | -1.51B | -2.06B | -2.05B |
| Operating Cash Flow | 3.32B | 3.70B | 3.23B | 2.01B | 1.58B |
| Investing Cash Flow | -2.41B | -3.20B | -1.98B | -3.48B | -1.56B |
| Financing Cash Flow | 520.97M | 464.23M | -1.86B | 190.61M | 641.85M |
Sichuan Expressway Co Technical Analysis
Neutral
5.43
Price Trends
5.53
Negative
5.46
Negative
5.14
Positive
Market Momentum
-0.02
Positive
43.62
Neutral
18.24
Positive
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 5.43 is below the 20-day moving average (MA) of 5.60, below the 50-day MA of 5.53, and above the 200-day MA of 5.14, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 43.62 is Neutral, neither overbought nor oversold. The STOCH value of 18.24 is Positive, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$6.73B | 13.69 | 5.90% | 5.26% | 7.04% | 7.64% | |
69 Neutral | HK$28.56B | 10.82 | 15.46% | 5.08% | 5.50% | 11.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$3.36B | 5.67 | 10.43% | 5.25% | 3.78% | -17.34% | |
61 Neutral | HK$25.37B | -12.81 | 5.00% | 3.72% | 7.13% | -52.33% | |
58 Neutral | HK$17.50B | 9.34 | 6.54% | 6.96% | -22.68% | 9.22% | |
52 Neutral | HK$18.83B | 14.25 | 8.39% | 5.82% | -20.02% | 42.97% |
* Industrials Sector Average
HK:0107
Sichuan Expressway Co
5.41
1.94
55.95%
HK:0995
Anhui Expressway Company
14.54
4.57
45.78%
HK:1052
Yuexiu Transport Infrastructure
4.02
0.93
30.14%
HK:0548
Shenzhen Expressway Co
8.07
2.27
39.19%
HK:0152
Shenzhen International Holdings
7.16
0.57
8.65%
HK:1785
Chengdu Expressway Co., Ltd. Class H
2.03
0.11
5.73%
Sichuan Expressway Co Corporate Events
Sichuan Expressway Sets Out Board Line-Up and Committee Roles
Apr 2, 2026
Sichuan Expressway Company Limited has announced the current composition of its board of directors, detailing the roles of executive, non-executive, independent non-executive and an employee director, with Chairman Luo Zuyi and Vice Chairmen You Z...
Sichuan Expressway Lifts Profit and Dividend Despite Revenue Decline in 2025
Mar 30, 2026
Sichuan Expressway Company Limited reported a 16.34% drop in net revenue to RMB8.57 billion for 2025, reflecting weaker top-line performance in its core toll road business. Despite the revenue decline, profit attributable to owners rose 4.52% to R...
Sichuan Expressway Proposes Final 2025 Dividend of RMB 0.297 Per Share
Mar 30, 2026
Sichuan Expressway Company Limited has proposed a final ordinary dividend of RMB 0.297 per share for the financial year ended 31 December 2025, subject to shareholder approval on 22 May 2026. The dividend for H-share investors will be paid in Hong...
Sichuan Expressway Names Li Tao as Employee Director on Eighth Board
Mar 25, 2026
Sichuan Expressway Company Limited has appointed 55-year-old Li Tao as the employee director on its eighth board of directors, following her election at an employee representatives’ meeting on 25 March 2026. Her term begins with immediate ef...
Sichuan Expressway Sets Out Board Composition and Committee Roles
Mar 25, 2026
Sichuan Expressway Company Limited has announced the current composition of its board of directors, comprising executive, non-executive, independent non-executive, and employee directors, with Chairman Luo Zuyi and Vice Chairmen You Zhiming and Ya...
Sichuan Expressway Sets March 30 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 10, 2026
Sichuan Expressway Company Limited has scheduled a board meeting for 30 March 2026 to review and approve the annual financial results for the year ended 31 December 2025 for the company and its subsidiaries. The board will also consider a proposal...
Sichuan Expressway Announces Routine Retirement of Non-Executive Director
Feb 10, 2026
Sichuan Expressway Company Limited announced that non-executive director Mr. Chen Chaoxiong has resigned from the board and from the remuneration and appraisal committee upon reaching the company’s retirement age, with effect from 10 Februar...
Sichuan Expressway Details Board Structure and Committee Roles
Feb 10, 2026
Sichuan Expressway Company Limited has announced the current composition of its board of directors, detailing its executive, non-executive and independent non-executive members, including Chairman Luo Zuyi and several vice chairmen. The company al...
Sichuan Expressway Announces Voting Results of Extraordinary General Meeting
Jan 30, 2026
Sichuan Expressway Company Limited reported the poll results of its extraordinary general meeting held on 30 January 2026 in Chengdu, which was convened and chaired by chairman Luo Zuyi and attended in person by all directors, senior management an...
Sichuan Expressway Sets Out Board Composition and Committee Roles
Jan 29, 2026
Sichuan Expressway Company Limited has announced the current composition of its board of directors, detailing the roles of its executive, non-executive and independent non-executive members, with Chairman Luo Zuyi and Vice Chairmen You Zhiming and...
Sichuan Expressway Announces Resignations of Executive Director and CFO
Jan 29, 2026
Sichuan Expressway Company Limited announced senior management changes, with executive director Ma Yonghan resigning from the board and Guo Renrong stepping down as chief financial controller, both effective 29 January 2026, citing work re‑a...
Sichuan Expressway Calls 2026 EGM to Approve Equity Transfer Deal
Jan 12, 2026
Sichuan Expressway Company Limited has called an extraordinary general meeting for 30 January 2026 in Chengdu to seek shareholder approval for an equity transfer agreement involving the company and entities within the Shudao Investment Group. The ...
Sichuan Expressway Clarifies Pricing Terms in Renewed Refined Oil Supply Deal
Jan 9, 2026
Sichuan Expressway Company Limited has issued a further announcement on the renewal of its Refined Oil Framework Agreement between subsidiary Zhonglu Energy and PetroChina Sichuan Sales Branch, clarifying the pricing mechanism for refined oil purc...
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.