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001965.SZ

Hold

China Merchants Expressway Network & Technology Holdings Co.,Ltd. · Industrials · China · $9.9B · Avg Vol: $23M/d

StockRank

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P/E (TTM)

14.9x

ROE

5.7%

D/E

0.6x

Dividend %

3.9%

COMPANY DESCRIPTION

China Merchants Expressway Network & Technology Holdings Co., Ltd. is the largest toll road operator in China, managing an extensive network of expressways across multiple provinces. The company generates highly resilient, inflation-hedged cash flows from toll collections, supported by long-term concession rights on critical national transport corridors. Its competitive moat is reinforced by its massive scale, strategic investment portfolio in other toll road operators, and advanced smart traffic management technologies.

FINANCIAL SUMMARY (CNY)

Year	2022	2023	2024	2025	CAGR	TTM	2026E	2027E	Fwd CAGR
Revenue	8.3B	9.7B	12.7B	13.4B	17.2%	14.9B	15.1B	15.8B	8.6%
EPS (CNY)	0.75	1.06	0.77	0.66	-4.5%	0.66	0.73	0.75	6.7%
Shares	6.2B	6.3B	6.8B	6.8B	+10.0%	6.8B	—	—	—
Debt	35.6B	61.6B	57.6B	54.5B	15.3%	53.7B	—	—	—
Equity	60.5B	65.1B	71.2B	74.3B	7.1%	—	—	—	—
Op CF	3.9B	4.4B	7.1B	6.5B	18.9%	6.4B	—	—	—
Inv CF	-4.2B	404.6M	-1.7B	27.6M	—	—	—	—	—
Fin CF	-1.7B	-285.1M	-5.2B	-5.7B	—	—	—	—	—

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PRICE (1Y)-1.8%

SMA 50SMA 200

$1.44

RSI (14)

58.7

52W High

$1.62

From 52W High

0.9%

SCORE BREAKDOWN

Quality

ROIC

4.9%30.9

ROE

5.7%36.2

GP/Assets

2.4%5.0

Op. Margin

17.0%80.7

FCF/Assets

2.4%43.7

Piotroski

775.9

Int. Cover

4.6x35.9

D/E Ratio

0.57x37.2

Current Ratio

1.04x16.0

Value

P/E (TTM)

14.9x64.3

EV/EBITDA

19.6x27.0

P/FCF

17.2x57.1

P/B

1.0x77.5

P/S

4.5x18.3

Div Yield

3.9%77.3

Momentum

52W High %

89%75.3

RS 6M

—N/A

SMA 50/200

1.00x53.4

EPS Rev 4W

+1.2%47.3

EPS Rev 12W

+1.3%72.8

EPS Improve

+33%44.7

Q Growth

7%43.8

FUNDAMENTALS

Market Cap

$9.9B

P/E (Forward)

11.1x

Gross Margin

25.7%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 001965.SZ are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
001965.SZ	China Merchants Expressway Network & Technology Holdings Co.,Ltd.(you)	$9.9B	48	Hold
600377.SS	Jiangsu Expressway Company Limited	$9.3B	51	Hold
600350.SS	Shandong Hi-speed Company Limited	$7.5B	32	Sell
600012.SS	Anhui Expressway Company Limited	$4.2B	52	Hold
0576.HK	Zhejiang Expressway Co., Ltd.	$5.0B	60	Hold
601107.SS	Sichuan Expressway Company Limited	$2.7B	46	Hold
0548.HK	Shenzhen Expressway Corporation Limited	$2.2B	53	Hold
000429.SZ	Guangdong Provincial Expressway Development Co., Ltd.	$4.2B	71	Buy
600020.SS	Henan Zhongyuan Expressway Company Limited	$1.3B	45	Hold
600269.SS	Jiangxi Ganyue Expressway CO.,LTD.	$1.3B	56	Hold

Peer medians: ROE 5.8% · P/E 31.9x · Gross margin 22.5%

China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ): Stock Score Summary

China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ) has a MoatMap StockRank of 48/100 based on Quality (37/100), Value (52/100), and Momentum (51/100) factor scores. The current signal is HOLD.

Key Financial Metrics

Price	$1.44
Market Cap	$9.9B
P/E (TTM)	14.86
P/E (Forward)	11.15
Price/Book	0.97
Return on Equity	5.7%
Return on Invested Capital	4.9%
Debt/Equity	0.57x
Gross Margin	25.7%
Operating Margin	17.0%
Revenue Growth	26.8%
Dividend Yield	3.9%
Free Cash Flow	$575M

China Merchants Expressway Network & Technology Holdings Co.,Ltd. operates in the Infrastructure Operations industry, part of the Industrials sector (China).

Frequently Asked Questions

What is China Merchants Expressway Network & Technology Holdings Co.,Ltd.’s (001965.SZ) StockRank?: MoatMap’s StockRank for China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ) is 48/100, with a Hold signal. It is a composite of Quality (37), Value (52), and Momentum (51) factor ranks across MoatMap’s 20,000+ stock universe.
Does China Merchants Expressway Network & Technology Holdings Co.,Ltd. have an economic moat?: China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ) has a Quality factor score of 37/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is China Merchants Expressway Network & Technology Holdings Co.,Ltd. a buy, hold, or sell?: MoatMap’s current signal for China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ) is Hold, based on a StockRank of 48/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is China Merchants Expressway Network & Technology Holdings Co.,Ltd. in?: China Merchants Expressway Network & Technology Holdings Co.,Ltd. (001965.SZ) operates in the Industrials sector, specifically the Infrastructure Operations industry (China).