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← CockpitCompetitor Analysis › 1576.HK Qilu Expressway Co., Ltd. Class HOpen in the cockpit ↗

Qilu Expressway Co., Ltd. Class H1576.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Industrials›Engineering & Construction
Momentum strong 60
Mkt cap
$412M
US dollars, full cap
Free float
11%
of shares outstanding
$/day
$6,262
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-1.7 pp
WACC 5.0%
Hurdle
-1 pp
Req g minus delivered
Close · HKDHK$1.61
1D-3.6%
1W-3.3%
1M-5.3%
3M-5.0%
6M-9.8%
YTD-10.3%
1Y-15.9%
ATR %1.7%
52w lowhigh15.4% off high

What Qilu Expressway does

Employees: 678

Qilu Expressway at a glance

Size Qilu Expressway (1576.HK) is a Hong Kong Industrials company (Engineering & Construction) with a market value of $412M, the 810th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.61 on 6 Nov 2026.

Performance Over six months the shares fell 9.8%, against -9.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th highest of 19 in its peer set.

Growth Revenue fell 52.8% over the last twelve months (peer median +0.8%); the operating margin is 28.8% (peer median 5.8%).

Valuation It trades at 6.6× enterprise value to sales against a peer median of 1.4× (2nd most expensive of 20).

Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -1 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.7 points below its cost of capital (5.0% WACC).

Relative performance

909510010511 May 202611 Aug 20266 Nov 2026Peer median 911576.HK 90
Six months, rebased to 100: Qilu Expressway against the median of its 20 peers (local-currency closes).

Qilu Expressway financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$2.70BHK$2.58BHK$7.61BHK$6.20BHK$3.41B
Revenue growth—-66%+23%+82%—
Gross profitHK$894MHK$888MHK$803MHK$897MHK$1.35B
EBITDAHK$1.59BHK$1.54BHK$942MHK$1.08BHK$1.61B
Net incomeHK$421MHK$415MHK$525MHK$580MHK$909M
Free cash flowHK$249M-HK$621M-HK$4.14B-HK$3.86B-HK$975M
Capital expenditureHK$2.10BHK$1.89BHK$5.05BHK$4.90BHK$1.74B
Total debtn/aHK$14.5BHK$13.5BHK$10.1BHK$6.34B

Quarterly statements and history in the cockpit →

Qilu Expressway competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+200%+400%-20%0%+20%3443301136252019213005606038150022001852E3BGVPIL974303681576.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Qilu Expressway is the large dot.

Fundamentals: revenue growth against valuation

-50%-25%0%+25%0×200×400×3443LCCPROJECT30113625201921300560603815002200PHOESHA1576.HKRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Qilu Expressway is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%3443LCCPROJECT1921182200220017991852E3BGVPILSHA97431576.HKGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Qilu Expressway is the large dot.

Qilu Expressway competitors and peer comparison

How Qilu Expressway compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Qilu Expressway against its 20 peers (data as of 6 Nov 2026)
Measure1576.HKPeer medianRank in peer set
1-month return-5.3%-6.0%7th highest of 20
6-month return-9.8%-9.7%10th highest of 19
Distance from 52-week high-15.4%-32.3%3rd highest of 21
Revenue growth (TTM)-52.8%+0.8%lowest of 20
Operating margin28.8%5.8%highest of 20
EV / Sales6.6×1.4×2nd most expensive of 20
Growth the price implies (Req g, 7 yrs)5.5%-6.0%4th most demanding of 12
Growth delivered (Del g)+6.3%+8.5%6th lowest of 12
Hurdle (Req g minus delivered)-0.7 pp-11.4 pp3rd most demanding of 12
ROIC minus cost of capital-1.7 pp+0.5 pp7th lowest of 19
EV / EBITDA11.2×7.4×2nd most expensive of 11
Net debt / EBITDA9.0×-1.1×2nd most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Qilu Expressway 1576.HKHong Kong$412M-10%-53%29%6.6×5.5%+6.3%
Kawada Technologies 3443.TJapan$411M-17%-11%8%0.5×-10.4%-0.1%
LCC Projects LCCPROJECT.NSIndia$414Mn/a+23%12%1.2×8.6%+43.2%
Fujian Tendering 301136.SZChina$409M-39%-5%-4%3.0×n/an/a
Shanxi Installation 2520.HKHong Kong$408M+25%-16%3%1.4×n/an/a
Tomoe 1921.TJapan$408M-5%+3%14%2.1×-2.9%+8.5%
Daiho 1822.TJapan$405M+2%+1%5%0.3×-12.7%-2.9%
Zhong Fu Tong 300560.SZChina$405M-18%+15%-1%2.8×n/an/a
Anhui Gourgen Traffic Construction 603815.SSChina$404M-40%-32%-29%1.4×n/an/a
YCIC Eco-Technology 002200.SZChina$401M-22%+41%0%3.0×34.5%+14.0%
Daiichi Kensetsu 1799.TJapan$401M-16%+15%10%0.7×-6.4%+1.8%
Asanuma 1852.TJapan$425M-9%-4%5%0.3×-17.6%+4.8%
Wee Hur E3B.SISingapore$425M-18%+22%26%2.1×-14.2%+9.2%
GE Power India GVPIL.NSIndia$427M-10%+19%23%3.1×17.8%-17.6%
Da Yi Cheng Technology 7951.TWOTaiwan$398Mn/an/an/an/an/an/a
Chengdu Expressway 1785.HKHong Kong$395M-8%+2%27%2.0×n/an/a
Phoenix Asia PHOEUnited States$395M+18%-2%-17%427.7×n/an/a
Shape Australia SHA.AXAustralia$395M-14%+30%3%0.4×-1.0%+16.6%
Nichireki 5011.TJapan$394M0%+1%8%0.8×n/an/a
TANSEISHA 9743.TJapan$432M+1%-7%6%0.5×-6.0%+9.1%
Superland 0368.HKHong Kong$392M+405%-6%6%4.0×n/an/a

Questions

Which companies are Qilu Expressway's closest peers?
The cockpit's peer set: Kawada Technologies (3443.T), LCC Projects (LCCPROJECT.NS), Fujian Tendering (301136.SZ), Shanxi Installation (2520.HK), Tomoe (1921.T), Daiho (1822.T), Zhong Fu Tong (300560.SZ), Anhui Gourgen Traffic Construction (603815.SS).
Is Qilu Expressway expensive compared with its peers?
On ev / sales it trades at 6.6× against a peer median of 1.4×, 2nd most expensive of 20 in its peer set. For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -1 pp: the price already allows for a slowdown.
How has Qilu Expressway stock performed?
Over six months to 6 Nov 2026 the shares returned -9.8% against -9.7% for the median peer; over one year -15.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.