Sichuan Expressway Company Limited
Sichuan Expressway Company Limited, together with its subsidiaries, engages in the investment, construction, operation, and management of expressway projects in Sichuan Province, the People's Republic of China. It operates through six segments: Expressway, Construction Services, Transportation Services, Transportation Logistics, New Energy Technologies, and Others. The Expressways segment is invo… Read more
Sichuan Expressway Company Limited (EXF1) - Net Assets
Latest net assets as of June 2025: €20.67 Billion EUR
Based on the latest financial reports, Sichuan Expressway Company Limited (EXF1) has net assets worth €20.67 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€61.31 Billion) and total liabilities (€40.63 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €20.67 Billion |
| % of Total Assets | 33.72% |
| Annual Growth Rate | 4.89% |
| 5-Year Change | 17.92% |
| 10-Year Change | 46.62% |
| Growth Volatility | 6.66 |
Sichuan Expressway Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Sichuan Expressway Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sichuan Expressway Company Limited (2013–2024)
The table below shows the annual net assets of Sichuan Expressway Company Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €19.50 Billion | +16.93% |
| 2023-12-31 | €16.67 Billion | -10.94% |
| 2022-12-31 | €18.72 Billion | +1.48% |
| 2021-12-31 | €18.45 Billion | +11.58% |
| 2020-12-31 | €16.53 Billion | +2.37% |
| 2019-12-31 | €16.15 Billion | +8.51% |
| 2018-12-31 | €14.88 Billion | +4.20% |
| 2017-12-31 | €14.28 Billion | +2.89% |
| 2016-12-31 | €13.88 Billion | +4.42% |
| 2015-12-31 | €13.30 Billion | +7.51% |
| 2014-12-31 | €12.37 Billion | +7.26% |
| 2013-12-31 | €11.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sichuan Expressway Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 16.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.11 Billion | 27.76% |
| Other Components | €13.29 Billion | 72.24% |
| Total Equity | €18.40 Billion | 100.00% |
Sichuan Expressway Company Limited Competitors by Market Cap
The table below lists competitors of Sichuan Expressway Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Sunrise Technology Co Ltd
SHE:300360
|
$671.46 Million |
|
IReader Technology Co Ltd
SHG:603533
|
$671.53 Million |
|
NCC Limited
NSE:NCC
|
$671.63 Million |
|
Össur hf
PINK:OSSFF
|
$671.64 Million |
|
Shandong Mining Machinery Group Co Ltd
SHE:002526
|
$671.39 Million |
|
Huizhou China Eagle Electronic Technology Co Ltd
SHE:002579
|
$671.31 Million |
|
GUD Holdings Limited
PINK:GUDHF
|
$670.59 Million |
|
Shenzhen Topraysolar Co Ltd
SHE:002218
|
$670.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Expressway Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,673,314,561 to 18,404,171,806, a change of 2,730,857,245 (17.4%).
- Net income of 1,458,921,311 contributed positively to equity growth.
- Dividend payments of 2,110,722,517 reduced retained earnings.
- Other factors increased equity by 3,382,658,452.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.46 Billion | +7.93% |
| Dividends Paid | €2.11 Billion | -11.47% |
| Other Changes | €3.38 Billion | +18.38% |
| Total Change | €- | 17.42% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Expressway Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.10x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €4.54 | €0.61 | x |
| 2018-12-31 | €4.74 | €0.61 | x |
| 2019-12-31 | €4.99 | €0.61 | x |
| 2020-12-31 | €5.08 | €0.61 | x |
| 2021-12-31 | €5.68 | €0.61 | x |
| 2022-12-31 | €5.82 | €0.61 | x |
| 2023-12-31 | €5.13 | €0.61 | x |
| 2024-12-31 | €6.02 | €0.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Expressway Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.08%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 3.32x
- Recent ROE (7.93%) is above the historical average (7.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.18% | 14.16% | 0.30x | 2.18x | €-90.17 Million |
| 2014 | 8.24% | 11.68% | 0.29x | 2.45x | €-207.39 Million |
| 2015 | 7.95% | 10.36% | 0.29x | 2.68x | €-256.25 Million |
| 2016 | 7.86% | 12.67% | 0.23x | 2.73x | €-285.25 Million |
| 2017 | 6.39% | 11.13% | 0.23x | 2.47x | €-500.97 Million |
| 2018 | 5.86% | 14.23% | 0.16x | 2.50x | €-599.96 Million |
| 2019 | 7.09% | 16.90% | 0.17x | 2.47x | €-444.81 Million |
| 2020 | 4.34% | 12.36% | 0.13x | 2.60x | €-878.98 Million |
| 2021 | 10.76% | 20.54% | 0.22x | 2.35x | €132.09 Million |
| 2022 | 3.51% | 5.90% | 0.26x | 2.26x | €-1.16 Billion |
| 2023 | 7.57% | 10.19% | 0.20x | 3.68x | €-380.35 Million |
| 2024 | 7.93% | 14.08% | 0.17x | 3.32x | €-381.50 Million |
Industry Comparison
This section compares Sichuan Expressway Company Limited's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $813,440,237,024
- Average return on equity (ROE) among peers: 20.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Expressway Company Limited (EXF1) | €20.67 Billion | 9.18% | 1.97x | $671.41 Million |
| PROMOTORA OPER (AKY.SG) (AKY) | $33.03 Billion | 14.49% | 0.24x | $2.84 Billion |
| Anhui Expressway Company Limited (HU7) | $13.50 Billion | 10.70% | 0.58x | $1.04 Billion |
| Reway Group S.p.A. (IR0) | $16.08 Million | 53.50% | 2.69x | $322.94 Million |
| PT Citra Marga Nusaphala Persada Tbk (J7K) | $5.59 Trillion | 12.21% | 0.92x | $304.49 Million |
| BENAKAT INTEGRA (J9B.SG) (J9B) | $405.58 Million | 3.53% | 1.35x | $21.06 Million |
| Shenzhen International Holdings Limited (SXYA) | $58.48 Billion | 7.01% | 0.94x | $1.37 Billion |
| TAMINCO (T4M) | $11.88 Million | 40.03% | 1.53x | $37.13K |