Does China State Construction Engineering Corporation Limited have an economic moat?

China State Construction Engineering Corporation Limited (601668.SS) has a Quality factor score of 28/100. 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 financial characteristics of a moated business.

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601668.SS

HOLDREMOVE

China State Construction Engineering Corporation Limited · Industrials · China · $29.5B · Avg Vol: $132M/d

StockRank

P/E (TTM)

5.2x

ROE

6.4%

D/E

1.2x

Dividend %

5.7%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

China State Construction is a massive state-owned construction enterprise. It is highly leveraged, capital-intensive, and operates with very thin margins, making it a poor fit for our quality-focused investment philosophy.

COMPANY DESCRIPTION

China State Construction Engineering Corporation Limited is the world's largest construction and real estate conglomerate by revenue, specializing in super high-rise buildings, infrastructure, and urban development. The state-owned giant commands a dominant domestic market share and possesses unparalleled engineering capabilities for mega-projects globally. Its vertically integrated business model spans design, construction, and real estate development, ensuring robust project pipelines and scale efficiencies.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR
Revenue	303.7B	334.8B	323.3B	307.7B	0.4%
EPS	0.18	0.19	0.16	0.14	-8.6%
Shares	41.9B	41.9B	41.6B	41.3B	-1.5%
Debt	104.0B	119.3B	127.6B	139.0B	10.1%
Equity	56.8B	63.2B	68.4B	72.6B	8.5%
Op CF	565.9M	1.6B	2.3B	3.0B	75.0%
Inv CF	-1.7B	-3.9B	-374.1M	-4.8B	—
Fin CF	2.4B	4.5B	2.2B	1.7B	—

PRICE (1Y)-5.7%

SMA 50SMA 200

$0.68

RSI (14)

28.3

52W High

$0.89

From 52W High

0.8%

SCORE BREAKDOWN

Quality

ROIC

6.0%37.8

ROE

6.4%39.1

GP/Assets

5.6%12.3

Op. Margin

4.7%34.7

FCF/Assets

-1.3%27.6

Piotroski

531.7

Int. Cover

4.5x32.9

D/E Ratio

1.18x15.6

Current Ratio

1.28x28.9

Value

P/E (TTM)

5.2x96.6

EV/EBITDA

11.6x52.5

P/FCF

—N/A

P/B

0.4x95.9

P/S

0.1x98.5

Div Yield

5.7%93.4

Momentum

52W High %

77%45.6

RS 6M

-22%42.6

SMA 50/200

0.94x23.8

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+14%27.4

Q Growth

-8%32.8

FUNDAMENTALS

Market Cap

$29.5B

P/E (Forward)

4.6x

Gross Margin

9.7%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 601668.SS are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
601668.SS	China State Construction Engineering Corporation Limited(you)	$29.5B	46	HOLD
601390.SS	China Railway Group Limited	$17.4B	47	HOLD
601868.SS	China Energy Engineering Corporation Limited	$18.9B	35	SELL
1186.HK	China Railway Construction Corporation Limited	$8.4B	49	HOLD
601669.SS	Power Construction Corporation of China, Ltd	$13.6B	33	SELL
600039.SS	Sichuan Road & Bridge Group Co.,Ltd	$11.3B	57	HOLD
601618.SS	Metallurgical Corporation of China Ltd.	$8.7B	36	HOLD
601800.SS	China Communications Construction Company Limited	$15.5B	22	SELL
600170.SS	Shanghai Construction Group Co., Ltd.	$3.3B	45	HOLD
600820.SS	Shanghai Tunnel Engineering Co., Ltd.	$2.7B	41	HOLD

Peer medians: ROE 6.0% · P/E 34.8x · Gross margin 22.9%

China State Construction Engineering Corporation Limited (601668.SS) — Stock Score Summary

China State Construction Engineering Corporation Limited (601668.SS) has a MoatMap StockRank of 46/100 based on Quality (28/100), Value (73/100), and Momentum (36/100) factor scores. The current signal is HOLD. China State Construction is a massive state-owned construction enterprise. It is highly leveraged, capital-intensive, and operates with very thin margins, making it a poor fit for our quality-focused investment philosophy.

Key Financial Metrics

Price	$0.68
Market Cap	$29.5B
P/E (TTM)	5.22
P/E (Forward)	4.56
Price/Book	0.40
Return on Equity	6.4%
Return on Invested Capital	6.0%
Debt/Equity	117.61
Gross Margin	9.7%
Operating Margin	4.7%
Revenue Growth	-7.8%
Dividend Yield	5.7%
Free Cash Flow	$-969M

China State Construction Engineering Corporation Limited operates in the Engineering & Construction industry, part of the Industrials sector (China).

Frequently Asked Questions

What is China State Construction Engineering Corporation Limited’s (601668.SS) StockRank?: MoatMap’s StockRank for China State Construction Engineering Corporation Limited (601668.SS) is 46/100, with a Hold signal. It is a composite of Quality (28), Value (73), and Momentum (36) factor ranks across MoatMap’s 20,000+ stock universe.
Does China State Construction Engineering Corporation Limited have an economic moat?: China State Construction Engineering Corporation Limited (601668.SS) has a Quality factor score of 28/100. 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 State Construction Engineering Corporation Limited a buy, hold, or sell?: MoatMap’s current signal for China State Construction Engineering Corporation Limited (601668.SS) is Hold, based on a StockRank of 46/100. 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 State Construction Engineering Corporation Limited in?: China State Construction Engineering Corporation Limited (601668.SS) operates in the Industrials sector, specifically the Engineering & Construction industry (China).