Beijing-Shanghai High-Speed Railway Co., Ltd.

¥5.36As of Sun 8 Nov 2026, 12:00 UTC

SSE:601816Industrials

Country China

PE (Fwd) •••

TSR 7Y CAGR (2.60%)

Div yield 3.56%

ROE 5.89%

Railroads

Beta (5Y) 0.06

PE TTM 19.30

TSR TTM 5.24%

Mkt cap ¥262.2B

ROIC 5.47%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

¥6.05

12.96%

(28.16%)

Buy 2|0|12|3|2

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

56.09

Revenue¥B

63.67

66.04

68.55

74.00

78.91

83.35

88.25

92.38

96.63

103.4

59.18

5.55%

5.71%

14.76

Revenue growth%

18.76

21.25

23.79

25.16

23.24

22.65

20.25

21.23

18.80

20.30

8.29

20.30

21.24

10.59

Gross margin%

18.84

19.85

18.18

15.24

14.35

15.52

15.64

16.31

14.73

16.36

10.02

15.64

15.98

8.38

Operating margin%

17.43

17.53

15.33

15.79

16.95

19.46

21.04

19.73

22.50

21.64

26.68

21.04

18.50

26.08

Net margin%

9.75

10.44

7.60

7.62

10.42

7.59

8.87

6.78

9.40

7.72

2.59

7.72

8.30

9.383

P/E ratio (avg)x

17.10

17.74

20.85

23.90

23.57

22.89

24.16

26.95

28.19

31.61

34.33

26.95

23.73

34.51

EV/EBITx

18.06

17.16

15.92

16.03

17.98

18.88

19.43

18.63

20.94

22.62

20.63

19.43

18.35

15.54

FCF yield (avg)%

18.11

20.45

19.53

17.79

19.94

20.93

22.47

24.12

26.08

28.90

19.63

24.12

20.69

9.91

FCF margin%

4.21

4.16

5.28

4.27

1.71

1.51

0.90

0.40

2.94

3.36

5.49

1.51

3.15

1.529

FCF / Net incomex

1.164

1.194

1.245

1.133

1.001

0.875

0.908

0.941

0.808

0.792

1.209

0.875

0.971

27.76

ROIC%

13.03

11.48

8.87

10.61

8.74

6.95

5.36

5.80

6.89

6.38

19.43

6.38

7.85

12.86

Return on equity%

18.52

17.83

17.35

14.69

12.51

9.79

10.29

12.94

14.38

13.32

26.94

12.94

13.85

12.50

Return on assets%

28.46

28.05

29.56

30.68

31.35

31.28

29.75

31.74

33.86

31.52

22.24

31.52

30.98

0.35

EPS¥

0.41

0.45

0.41

0.36

0.38

0.37

0.40

0.36

0.37

0.39

0.58%

(2.33%)

—

22.53

EPS growth%

0.40

3.19

4.14

3.58

5.35

3.06

4.30

5.00

6.62

4.52

16.53

4.52

4.22

0.20

Bookvalue per sh¥

0.25

0.26

0.24

0.23

0.26

0.25

0.28

0.27

0.10

0.64%

0.52%

—

0.08

FCF per share¥

0.40

0.41

0.40

0.43

0.38

0.37

0.41

0.44

0.29

0.56%

2.13%

—

0.48

Dividend per sh¥

0.36

0.41

0.42

0.48

0.45

0.43

0.40

0.38

0.41

0.45

0.15

0.29%

2.64%

—

16.40

Div yield (avg)%

20.23

19.16

20.06

19.89

22.11

23.94

20.97

21.30

23.19

24.99

9.40

23.19

21.13

29.84

Payout ratio%

5.85

3.06

5.63

6.41

9.35

9.70

9.85

11.22

9.71

8.16

24.20

9.71

8.75

48.92

Shares (diluted)B

65.63

70.62

81.28

91.21

88.53

101.7

103.4

101.9

114.1

114.7

49.78

5.32%

7.04%

15.03

Buyback yield%

16.19

14.84

13.80

15.22

16.51

19.43

22.07

24.31

23.45

22.02

8.10

22.07

17.97

1.361

D/E ratiox

1.369

1.377

1.317

1.325

1.260

1.271

1.259

1.166

1.163

1.303

1.559

1.259

1.287

83.23

Enterprise value¥B

36.28

35.69

33.89

33.88

34.24

30.22

30.86

28.20

27.18

24.44

37.79

(6.52%)

(3.41%)

6.801

LT debt¥B

19.36

20.76

21.12

21.16

20.09

21.10

24.27

25.82

27.44

25.12

82.83

4.57%

2.64%

Peers (US$39.31B)

Cap (US$)

CRRC Corporation…

26.94B

13.96x

Daqin Railway Co., Ltd.

14.51B

17.68x

Zhuzhou CRRC Times…

7.825B

7.894x

Westinghouse Air Brake…

47.59B

35.26x

Capital

TTM

10Y

Leveragex

1.184

(0.022)

(0.019)

EBIT/Intx

3.924

0.197

0.201

Own earn%

3.70

74.57

81.36

Sh yield%

31.44

45.61

40.83

Owners

Insiders/Inst%

11.05

79.15

Short interest%

1.98

SBC / revenue%

4.72

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

15–22

$1 testx

—

Incr. ROIC%

Beijing-Shanghai High-Speed Railway Co., Ltd. engages in the construction and operation of high-speed trains for passengers. The company provides high-speed rail transportation services to passengers on the operated trains and collecting ticket prices, as well as overhead line use and other services to passengers.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥103.4B

5.71%

1.00×

Cost of revenue

¥69.35B

5.83%

1.01×

Operating expenses

¥15.34B

5.18%

0.95×