Shenzhen Expressway Company Limited (SHZH) - Net Assets
Based on the latest financial reports, Shenzhen Expressway Company Limited (SHZH) has net assets worth €32.23 Billion EUR (≈ $37.67 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€72.04 Billion ≈ $84.22 Billion USD) and total liabilities (€39.81 Billion ≈ $46.55 Billion USD). 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. Check asset resilience ratio of Shenzhen Expressway Company Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €32.23 Billion |
| % of Total Assets | 44.73% |
| Annual Growth Rate | 8.37% |
| 5-Year Change | 3.51% |
| 10-Year Change | 81.82% |
| Growth Volatility | 9.79 |
Shenzhen Expressway Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Shenzhen Expressway Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is Shenzhen Expressway Company Limited's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Expressway Company Limited (2013–2024)
The table below shows the annual net assets of Shenzhen Expressway Company Limited from 2013 to 2024. For live valuation and market cap data, see SHZH market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €27.20 Billion ≈ $31.80 Billion |
-2.85% |
| 2023-12-31 | €28.00 Billion ≈ $32.73 Billion |
+2.33% |
| 2022-12-31 | €27.36 Billion ≈ $31.99 Billion |
-1.48% |
| 2021-12-31 | €27.77 Billion ≈ $32.47 Billion |
+5.68% |
| 2020-12-31 | €26.28 Billion ≈ $30.72 Billion |
+26.81% |
| 2019-12-31 | €20.72 Billion ≈ $24.23 Billion |
+6.06% |
| 2018-12-31 | €19.54 Billion ≈ $22.84 Billion |
+23.87% |
| 2017-12-31 | €15.77 Billion ≈ $18.44 Billion |
+7.23% |
| 2016-12-31 | €14.71 Billion ≈ $17.20 Billion |
-1.67% |
| 2015-12-31 | €14.96 Billion ≈ $17.49 Billion |
+14.03% |
| 2014-12-31 | €13.12 Billion ≈ $15.34 Billion |
+16.74% |
| 2013-12-31 | €11.24 Billion ≈ $13.14 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen 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 grown by 86.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €8.59 Billion | 39.20% |
| Other Components | €13.32 Billion | 60.80% |
| Total Equity | €21.90 Billion | 100.00% |
Shenzhen Expressway Company Limited Competitors by Market Cap
The table below lists competitors of Shenzhen Expressway Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Fengshangshiji Culture Medi
SHE:300860
|
$690.51 Million |
|
Lexicon Pharmaceuticals Inc
NASDAQ:LXRX
|
$690.60 Million |
|
Independent Bank Corporation
NASDAQ:IBCP
|
$690.65 Million |
|
Shenzhen Bestek Technology Co Ltd
SHE:300822
|
$690.65 Million |
|
Shanghai CEO Environmental Protection Technology Co Ltd
SHG:688335
|
$690.37 Million |
|
IPH Ltd
AU:IPH
|
$690.10 Million |
|
Beijing E Hualu Info Tech
SHE:300212
|
$690.00 Million |
|
RTW Venture Fund Ltd
LSE:RTW
|
$689.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Expressway Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,357,997,457 to 21,903,521,723, a change of -454,475,734 (-2.0%).
- Net income of 1,145,048,952 contributed positively to equity growth.
- Dividend payments of 2,415,982,914 reduced retained earnings.
- Other factors increased equity by 816,458,228.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.15 Billion | +5.23% |
| Dividends Paid | €2.42 Billion | -11.03% |
| Other Changes | €816.46 Million | +3.73% |
| Total Change | €- | -2.03% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen 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: 0.08x
- 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 | €6.24 | €0.79 | x |
| 2018-12-31 | €7.97 | €0.79 | x |
| 2019-12-31 | €8.43 | €0.79 | x |
| 2020-12-31 | €10.57 | €0.79 | x |
| 2021-12-31 | €11.30 | €0.79 | x |
| 2022-12-31 | €9.79 | €0.79 | x |
| 2023-12-31 | €10.25 | €0.79 | x |
| 2024-12-31 | €10.04 | €0.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen 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): 5.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.38%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.08x
- Recent ROE (5.23%) is below the historical average (11.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.22% | 21.95% | 0.14x | 2.29x | €-277.75 Million |
| 2014 | 18.54% | 60.41% | 0.15x | 2.06x | €1.01 Billion |
| 2015 | 12.55% | 45.39% | 0.11x | 2.56x | €315.77 Million |
| 2016 | 9.23% | 25.80% | 0.14x | 2.56x | €-98.09 Million |
| 2017 | 10.47% | 29.49% | 0.13x | 2.75x | €64.59 Million |
| 2018 | 19.79% | 59.24% | 0.14x | 2.36x | €1.70 Billion |
| 2019 | 13.60% | 40.41% | 0.14x | 2.44x | €662.03 Million |
| 2020 | 8.92% | 25.60% | 0.15x | 2.39x | €-249.77 Million |
| 2021 | 10.58% | 23.97% | 0.18x | 2.46x | €142.36 Million |
| 2022 | 9.45% | 21.51% | 0.14x | 3.24x | €-118.13 Million |
| 2023 | 10.41% | 25.04% | 0.14x | 3.02x | €91.40 Million |
| 2024 | 5.23% | 12.38% | 0.14x | 3.08x | €-1.05 Billion |
Industry Comparison
This section compares Shenzhen 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: $16,571,300,153
- Average return on equity (ROE) among peers: 10.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Expressway Company Limited (SHZH) | €32.23 Billion | 7.22% | 1.24x | $690.39 Million |
| Sichuan Expressway Company Limited (EXF1) | $11.53 Billion | 8.76% | 1.08x | $654.20 Million |
| Anhui Expressway Company Limited (HU7) | $11.57 Billion | 9.49% | 0.38x | $1.06 Billion |
| Jiangsu Expressway Company Limited (JE2) | $21.19 Billion | 11.83% | 0.72x | $1.59 Billion |
| Zhejiang Expressway Co. Ltd (ZHJ) | $22.00 Billion | 13.59% | 2.36x | $2.00 Billion |
About Shenzhen Expressway Company Limited
Shenzhen Expressway Corporation Limited, together with its subsidiaries, primarily invests in, constructs, operates, and manages toll highways and roads, as well as other urban and transportation infrastructure in the People's Republic of China. It operates through Toll Road; Environmental Protection; and Others segments. The company offers recovery and solid waste management; clean energy power … Read more