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600033.SS$3.65+0.83%
Fair $3.65+0.0%

600033.SS

Fujian Expressway Development Co.,Ltd

Industrials / Infrastructure OperationsShanghai

$3.65

+0.03 (+0.83%)

Fairly Valued+0.0%Fair Value $3.65Fund rank 39/100 · Data gapFallback financials|
SA 60/B
F-Score: 6/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $1.5B · quality 84.0/100

Data gap 39/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 89/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

60/100

B

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · 600033.SSLocal privado en este navegador · Fujian Expressway Development Co.,Ltd
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$10.0B

P/E

10.4x

↓

EV/EBITDA

3.1x

↓

ROE

7.6%

↑

Gross Margin

55.8%

↑

Debt/Equity

0.07

↓
52-Week Range$4
$3$5

TradingView lightweight chart

600033.SS price, volumen y niveles de valoración

Último $3.650Periodo +67.0%
Fair value: $3.650

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+4.5%

FCF CAGR

+13.3%

FCF margin

68.4%

FCF / Net income

2.20x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.05B · net income $948.3M · FCF $2.09B

2022-FY → 2025-FY

Gross margin

55.8%-1.2% pts

Operating margin

51.8%-1.3% pts

Net margin

31.1%-0.4% pts

FCF margin

68.4%+14.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$3.05B$3.05B$3.03B$3.05B$2.67B
Net Income$948.3M$948.3M$780.8M$902.3M$840.4M
EBITDA$2.57B$2.57B$2.43B$2.57B$2.31B
EPS0.350.350.280.330.31
Gross Margin55.8%55.8%56.6%55.9%57.0%
Operating Margin51.8%51.8%52.7%52.1%53.1%
Net Margin31.1%31.1%25.8%29.6%31.5%
Balance Sheet
Debt/Equity0.070.070.130.130.18
Current Ratio4.844.84———
Cash Flow
Free Cash Flow$2.09B$2.09B$1.49B$1.39B$1.43B
Returns
ROE7.6%7.6%6.7%8.1%7.8%
Valuation
P/E10.4310.4313.819.919.37
EV/EBITDA3.083.084.223.613.91
P/B0.810.810.930.800.73
Growth & Yield
Revenue Growth0.8%0.8%-0.8%14.1%—
EPS Growth21.4%21.4%-13.5%7.4%—
Dividend Yield2.7%2.7%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-2.1%

fácil

EPS terminal req.

$0.32

Spread vs growth

23.6%

5Y implied EPS CAGR

2.6%

fácil

EPS terminal req.

$0.39

Spread vs growth

18.9%

10Y implied EPS CAGR

6.2%

razonable

EPS terminal req.

$0.63

Spread vs growth

15.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +2.7%

Total return

+2.7%

Start / end P/E

12.8x → 10.6x

EPS bridge

0.28 → 0.35

Residual

-3.8%

EPS growth+21.4%
Multiple rerating-17.7%
Dividend+2.7%
Residual / FX / buybacks / cross-term-3.8%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.