Shenzhen Expressway Company Limited

PINK:SHZNF USA Infrastructure Operations
Market Cap
$620.42 Million
Market Cap Rank
#9994 Global
#4698 in USA
Share Price
$0.83
Change (1 day)
+0.00%
52-Week Range
$0.83 - $0.83
All Time High
$0.97
Categories
Companies in USA Infrastructure Operations
About

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

Shenzhen Expressway Company Limited (SHZNF) - Net Assets

Latest net assets as of September 2025: $28.60 Billion USD

Based on the latest financial reports, Shenzhen Expressway Company Limited (SHZNF) has net assets worth $28.60 Billion USD as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($71.08 Billion) and total liabilities ($42.48 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 $28.60 Billion
% of Total Assets 40.24%
Annual Growth Rate 7.55%
5-Year Change 3.51%
10-Year Change 81.82%
Growth Volatility 8.37

Shenzhen Expressway Company Limited - Net Assets Trend (1998–2024)

This chart illustrates how Shenzhen 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 Shenzhen Expressway Company Limited (1998–2024)

The table below shows the annual net assets of Shenzhen Expressway Company Limited from 1998 to 2024.

Year Net Assets Change
2024-12-31 $27.20 Billion -2.85%
2023-12-31 $28.00 Billion +2.33%
2022-12-31 $27.36 Billion -1.48%
2021-12-31 $27.77 Billion +5.68%
2020-12-31 $26.28 Billion +26.81%
2019-12-31 $20.72 Billion +6.06%
2018-12-31 $19.54 Billion +23.87%
2017-12-31 $15.77 Billion +7.23%
2016-12-31 $14.71 Billion -1.67%
2015-12-31 $14.96 Billion +14.03%
2014-12-31 $13.12 Billion +16.74%
2013-12-31 $11.24 Billion +3.37%
2012-12-31 $10.87 Billion +3.58%
2011-12-31 $10.50 Billion +12.45%
2010-12-31 $9.34 Billion +5.29%
2009-12-31 $8.87 Billion +15.02%
2008-12-31 $7.71 Billion -3.49%
2007-12-31 $7.99 Billion +21.17%
2006-12-31 $6.59 Billion +4.76%
2005-12-31 $6.29 Billion +4.10%
2004-12-31 $6.04 Billion +1.18%
2003-12-31 $5.97 Billion +15.28%
2002-12-31 $5.18 Billion +1.80%
2001-12-31 $5.09 Billion +18.48%
2000-12-31 $4.30 Billion +3.20%
1999-12-31 $4.16 Billion +1.56%
1998-12-31 $4.10 Billion --

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 60029.8% 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%
Common Stock $2.18 Billion 9.96%
Other Comprehensive Income $3.24 Billion 14.78%
Other Components $7.90 Billion 36.06%
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
VBG Group AB (publ)
ST:VBG-B
 		$529.41 Million
Hertz Global Holdings Inc
NASDAQ:HTZ
 		$529.58 Million
Forum Energy Technologies Inc
NYSE:FET
 		$529.71 Million
Tianjin Jingwei Electric Wire Co Ltd
SHE:300120
 		$529.79 Million
Ho Chi Minh City Securities Corp
VN:HCM
 		$529.39 Million
Shriram Pistons & Rings Limited
NSE:SHRIPISTON
 		$529.12 Million
Shandong Shuangyi Technology Co Ltd
SHE:300690
 		$529.02 Million
SMA Solar Technology AG
PINK:SMTGF
 		$528.72 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 21,903,522,000, a change of -454,475,457 (-2.0%).
  • Net income of 1,145,048,951 contributed positively to equity growth.
  • Dividend payments of 2,415,982,913 reduced retained earnings.
  • Other comprehensive income decreased equity by 220,246,008.
  • Other factors increased equity by 1,036,704,513.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income $1.15 Billion +5.23%
Dividends Paid $2.42 Billion -11.03%
Other Comprehensive Income $-220.25 Million -1.01%
Other Changes $1.04 Billion +4.73%
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: 0.10x
  • 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.
  • The price-to-book ratio has decreased from 0.46x to 0.10x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 $1.81 $0.83 x
1999-12-31 $1.91 $0.83 x
2000-12-31 $1.97 $0.83 x
2001-12-31 $2.33 $0.83 x
2002-12-31 $2.38 $0.83 x
2003-12-31 $2.74 $0.83 x
2004-12-31 $2.77 $0.83 x
2005-12-31 $2.89 $0.83 x
2006-12-31 $3.02 $0.83 x
2007-12-31 $3.34 $0.83 x
2008-12-31 $3.22 $0.83 x
2009-12-31 $3.78 $0.83 x
2010-12-31 $3.97 $0.83 x
2011-12-31 $4.22 $0.83 x
2012-12-31 $4.37 $0.83 x
2013-12-31 $4.57 $0.83 x
2014-12-31 $5.41 $0.83 x
2015-12-31 $5.67 $0.83 x
2016-12-31 $5.81 $0.83 x
2017-12-31 $6.25 $0.83 x
2018-12-31 $7.97 $0.83 x
2019-12-31 $8.43 $0.83 x
2020-12-31 $10.57 $0.83 x
2021-12-31 $11.30 $0.83 x
2022-12-31 $9.79 $0.83 x
2023-12-31 $9.43 $0.83 x
2024-12-31 $8.44 $0.83 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 (9.66%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 7.46% 75.59% 0.08x 1.24x $-100.27 Million
1999 7.81% 71.78% 0.08x 1.30x $-90.77 Million
2000 8.02% 66.67% 0.09x 1.38x $-84.93 Million
2001 7.93% 66.49% 0.09x 1.38x $-105.12 Million
2002 6.81% 54.38% 0.09x 1.34x $-164.68 Million
2003 14.31% 142.45% 0.08x 1.19x $256.75 Million
2004 8.05% 68.66% 0.09x 1.25x $-117.75 Million
2005 7.74% 53.21% 0.09x 1.58x $-141.90 Million
2006 8.48% 46.92% 0.12x 1.55x $-99.94 Million
2007 9.26% 61.04% 0.07x 2.09x $-53.91 Million
2008 7.18% 47.33% 0.06x 2.60x $-197.29 Million
2009 6.61% 37.47% 0.06x 2.72x $-277.53 Million
2010 8.62% 32.39% 0.10x 2.61x $-119.08 Million
2011 9.51% 29.65% 0.12x 2.67x $-45.30 Million
2012 7.18% 21.84% 0.13x 2.54x $-269.12 Million
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 10.61% 24.04% 0.18x 2.46x $149.22 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: $4,334,774,585,459
  • Average return on equity (ROE) among peers: 8.72%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shenzhen Expressway Company Limited (SHZNF) $28.60 Billion 7.46% 1.49x $529.41 Million
Mobile Infrastructure Corporation (BEEP) $167.61 Million -4.64% 0.93x $36.57 Million
Yuexiu Transport Infrastructure Limited (GZITF) $10.44 Billion 5.83% 0.68x $388.13 Million
Jiangsu Expressway Company Limited (JEXYF) $32.68 Billion 12.85% 0.70x $2.03 Billion
Atlas Arteria Limited (MAQAF) $6.49 Billion 4.11% 0.28x $4.64 Billion
PT Jasa Marga (Persero) Tbk (PTJSF) $38.91 Trillion 17.46% 2.32x $448.70 Million
Promotora y Operadora de Infraestructura S. A. B. de C. V (PYOIF) $33.03 Billion 14.49% 0.24x $1.91 Billion
Q-Free ASA (QFREF) $414.23 Million -5.00% 1.58x $128.29 Million
Shenzhen Investment Bay Area Co Ltd (SIHBY) $7.39 Billion 3.77% 0.65x $560.29 Million
Transurban Group (TRAUF) $11.15 Billion 29.62% 2.20x $24.79 Billion