000429.SHE Guangdong Provincial Expressway Development Co Ltd
- Market cap
- CNY 28.8B
- P/E
- 18.6x
- P/B
- 2.60x
- ROE
- 15.7%
- Dividend yield
- 3.80%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000429.SHE undervalued?
Graham number000429.SHE trades 46.6% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Guangdong Provincial Expressway Development Co Ltd fundamental analysis
No fundamental analysis for Guangdong Provincial Expressway Development Co Ltd yet.
Guangdong Provincial Expressway Development Co Ltd stock price
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About Guangdong Provincial Expressway Development Co Ltd
Guangdong Provincial Expressway Development Co., Ltd., invests, constructs, charges, manages, and maintains expressways, toll highways and bridges in the People's Republic of China. The company is also involved in the maintenance, cleaning, and service of automobile rescue; parking lot charges; design, production, release, and agency of advertisements at home and abroad; land development; warehousing activities; research and development, and service of transportation technol…
Full company profileGuangdong Provincial Expressway Development Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Guangdong Provincial Expressway Development Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2.83B | 3.09B | 3.22B | 5.00B | 3.79B | 5.29B | 4.17B | 4.88B | 4.57B | 4.47B | 4.47B |
| Gross Profit | 1.54B | 1.84B | 1.94B | 3.07B | 2.13B | 3.36B | 2.58B | 3.14B | 2.94B | 3.17B | 3.03B |
| Operating Income | 1.42B | 1.84B | 2.10B | 2.83B | 1.86B | 3.17B | 2.34B | 2.99B | 2.78B | 3.17B | 2.84B |
| EBITDA | 2.74B | 3.00B | 3.15B | 4.30B | 3.16B | 4.71B | 3.62B | 4.34B | 4.01B | 4.22B | 3.28B |
| Net Income | 1.00B | 1.51B | 1.68B | 1.47B | 868M | 1.70B | 1.28B | 1.63B | 1.56B | 1.80B | 1.74B |
| EPS | 0.52 | 0.72 | 0.80 | 0.70 | 0.42 | 0.81 | 0.61 | 0.78 | 0.75 | 0.86 | 0.83 |
| Balance Sheet | |||||||||||
| Total Assets | 16.1B | 16.5B | 16.3B | 20.7B | 19.8B | 18.9B | 20.3B | 21.4B | 22.4B | 26.8B | 28.8B |
| Total Liabilities | 7.23B | 7.07B | 6.25B | 7.97B | 9.54B | 7.55B | 8.90B | 8.96B | 9.25B | 12.6B | 14.0B |
| Shareholders' Equity | 8.29B | 9.02B | 9.59B | 10.6B | 7.93B | 8.98B | 9.08B | 9.85B | 10.5B | 11.1B | 11.1B |
| Cash & Short-term Investments | 2.60B | 2.36B | 2.12B | 3.05B | 2.85B | 2.96B | 4.29B | 4.72B | 4.29B | 6.55B | 6.65B |
| Total Debt | 5.40B | 4.74B | 2.98B | 5.60B | 6.62B | 6.00B | 7.43B | 6.82B | 6.73B | 10.3B | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 1.92B | 2.19B | 1.92B | 3.22B | 2.64B | 3.67B | 2.75B | 3.83B | 3.26B | 3.73B | - |
| Capital Expenditure | 487M | 429M | 845M | 823M | 660M | 514M | 875M | 1.54B | 2.04B | 2.43B | 3.50B |
| Free Cash Flow | 1.44B | 1.77B | 1.07B | 1.17B | 1.98B | 3.16B | 1.88B | 2.29B | 1.22B | 1.30B | 73.9M |
| Ratios | |||||||||||
| ROE | 12.1% | 16.7% | 17.5% | 13.9% | 10.9% | 18.9% | 14.1% | 16.6% | 14.9% | 16.2% | 15.7% |
| ROA | 6.2% | 9.1% | 10.3% | 7.1% | 4.4% | 9.0% | 6.3% | 7.6% | 7.0% | 6.7% | 6.0% |
| Net Profit Margin | 35.4% | 48.9% | 52.1% | 29.4% | 22.9% | 32.2% | 30.6% | 33.5% | 34.2% | 40.3% | 38.9% |
| Debt to Equity | 0.65x | 0.53x | 0.31x | 0.53x | 0.83x | 0.67x | 0.82x | 0.69x | 0.64x | 0.93x | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Guangdong Provincial Expressway Development Co Ltd dividends
- Dividend yield
- 3.80%
- Forward dividend
- 0.60 CNY
- Payout ratio
- 60.7%
- Ex-dividend date
- Aug 10, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 1.09B | 0.52 | 60.7% |
| 2024 | CNY 1.39B | 0.67 | 89.0% |
| 2023 | CNY 1.16B | 0.55 | 70.8% |
| 2022 | CNY 1.44B | 0.69 | 112.6% |
| 2021 | CNY 912M | 0.43 | 53.6% |
| 2020 | CNY 1.21B | 0.58 | 139.1% |
| 2019 | CNY 1.64B | 0.78 | 111.6% |
| 2018 | CNY 1.34B | 0.64 | 79.9% |
| 2017 | CNY 995M | 0.47 | 65.9% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 13.1:10 on Feb 17, 2006.
Who owns Guangdong Provincial Expressway Development Co Ltd
- Insiders 70.90%
- Institutions 11.06%
- Public & others 18.04%
- Shares outstanding 1.74B
- Free float 842M
Guangdong Provincial Expressway Development Co Ltd company profile
- Company name
- Guangdong Provincial Expressway Development Co Ltd
- Ticker
- 000429.SHE
- ISIN
- CNE0000006Z6
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Jan 11, 1998
- Sector
- Industrials
- Industry
- Transportation Infrastructure
- Employees
- 3,029
- Fiscal year end
- December
- Address
- Litong Plaza, Guangzhou, China, 510623
- Phone
- 86 0 2900 4619
- Website
- gpedcl.com
About Guangdong Provincial Expressway Development Co Ltd
Guangdong Provincial Expressway Development Co., Ltd., invests, constructs, charges, manages, and maintains expressways, toll highways and bridges in the People's Republic of China. The company is also involved in the maintenance, cleaning, and service of automobile rescue; parking lot charges; design, production, release, and agency of advertisements at home and abroad; land development; warehousing activities; research and development, and service of transportation technology; and equity investment, management, and consultation services. The company was formerly known as Guangdong FuKai Expressway Co., Ltd and changed its name to Guangdong Provincial Expressway Development Co., Ltd. in June 1993. Guangdong Provincial Expressway Development Co., Ltd. was founded in 1993 and is headquartered in Guangzhou, the People's Republic of China.
Guangdong Provincial Expressway Development Co Ltd management
6- Mr. Ming LuChief Accountant, CFO & Director · born 1979
- Mr. Yisan ZhouGeneral Counsel & Legal Counsel · born 1981
- Ms. Jiang ZuoDeputy GM & Director · born 1973
- Mr. Hanming YangSecretary to the Board · born 1970
- Mr. Baoguo LuoDeputy General Manager · born 1974
- Mr. Qijun ZhuDeputy General Manager · born 1984