Henan Zhongyuan Expressway stock dividend – Henan Zhongyuan Expressway Co Ltd Announces 0.019 Cash Dividend
May 28, 2023
Dividends Yield
On May 25 2023, Henan Zhongyuan Expressway ($SHSE:600020) Co Ltd announced a 0.019 cash dividend for its shareholders. This dividend yield would be a generous 3.23%, 1.09% higher than the average dividend yield of 2.52% from the past two and three years respectively. Therefore, if investing in dividend stocks is your preference, then this may be a stock worth considering; with the ex-dividend date being May 29 2023. HENAN ZHONGYUAN EXPRESSWAY has been a reliable source of dividend income for its shareholders in the past years and this dividend announcement serves as a testament to their commitment to providing their shareholders with stable and steady returns.
Price History
The stock opened at CNY3.5 and closed at the same price, a 0.6% decrease from the previous closing price. This dividend follows an earlier announcement from the company in July, when a 0.04 cash dividend was declared. The company has a long history of providing reliable road transportation and their services are widely used by travelers and freight companies alike. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Henan Zhongyuan Expressway. More…
| Total Revenues | Net Income | Net Margin |
| 7.67k | 385.29 | 6.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Henan Zhongyuan Expressway. More…
| Operations | Investing | Financing |
| 2.63k | -2.9k | 95.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Henan Zhongyuan Expressway. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49.7k | 35.68k | 5.6 |
Key Ratios Snapshot
Some of the financial key ratios for Henan Zhongyuan Expressway are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.8% | -11.7% | 21.0% |
| FCF Margin | ROE | ROA |
| -5.0% | 7.6% | 2.0% |
Analysis – Henan Zhongyuan Expressway Intrinsic Value Calculation
GoodWhale has performed an analysis of the financials of HENAN ZHONGYUAN EXPRESSWAY. Using our proprietary Valuation Line, we have assessed that the intrinsic value of a HENAN ZHONGYUAN EXPRESSWAY share is around CNY4.1. Currently, HENAN ZHONGYUAN EXPRESSWAY shares are being traded at CNY3.5, a fair price which is currently undervalued by 15.3%. More…
Peers
It is up against several competitors, such as IL&FS Transportation Networks Ltd, PT Citra Marga Nusaphala Persada Tbk, and IRB Infrastructure Developers Ltd. These companies are all striving to be the best in the field of infrastructure, providing services to customers around the world.
– IL&FS Transportation Networks Ltd ($BSE:533177)
IL&FS Transportation Networks Ltd (ITNL) is an infrastructure development and finance company that primarily focuses on constructing, developing, maintaining, and managing transportation infrastructure in India. As of 2023, its market capitalization was 1.17 billion. ITNL’s return on equity (ROE) was -8.93%, suggesting that the company is not generating enough profits from its investments. This could be attributed to the company’s lack of efficiency in managing its operations. ITNL is currently facing a number of financial challenges, but continues to take steps to strengthen its financial position and increase profitability.
– PT Citra Marga Nusaphala Persada Tbk ($IDX:CMNP)
PT Citra Marga Nusaphala Persada Tbk is a major Indonesian toll-road operator that has been listed on the Indonesia Stock Exchange since 1990. The company is currently valued at 9.19T with a Return on Equity (ROE) of 7.37%. The high market cap and ROE demonstrate the company’s strong financial performance and indicate investor confidence in the company’s future growth prospects. PT Citra Marga Nusaphala Persada Tbk invests heavily in the construction and development of toll-roads, highways, and bridges to improve transportation services for the public. The company also has several subsidiaries involved in the construction and management of industrial estates, commercial complexes, hotels, and malls.
– IRB Infrastructure Developers Ltd ($BSE:532947)
IRB Infrastructure Developers Ltd is a leading infrastructure developer in India, specializing in the construction and management of roads and highways, bridges, tunnels, and airports. As of 2023, IRB Infrastructure Developers Ltd has a market capitalization of 166.37 billion. Additionally, the company has a respectable Return on Equity of 12.27%. This strong return on equity suggests that the company is efficiently utilizing its financial resources to generate returns for its shareholders. The company’s success can be attributed to their focus on providing high-quality infrastructure services as well as their ability to leverage technology and innovation to create value for their customers.
Summary
Investing in Henan Zhongyuan Expressway can be a wise move for investors looking for a steady return with minimal risk. The company has maintained an impressive dividend yield of around 2.52% over the past three years, with yields of 3.23% and 1.09% for the past two and three years respectively. This makes it an attractive option for conservative investors seeking reliable income from their investments.
Henan Zhongyuan Expressway also offers potential upside in terms of capital appreciation, offering investors the opportunity to realise a profit on their investment over the longer term. With its reliable dividend and low volatility, Henan Zhongyuan Expressway is a great choice for long-term investors who don’t want to take on too much risk.
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