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← CockpitCompetitor Analysis › 1785.HK Chengdu Expressway Co., Ltd. Class HOpen in the cockpit ↗

Chengdu Expressway Co., Ltd. Class H1785.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Industrials›Engineering & Construction
Momentum strong 60
Mkt cap
$395M
US dollars, full cap
Free float
31%
of shares outstanding
$/day
$6,334
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+1.8 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Close · HKDHK$1.91
1D0.0%
1W-2.0%
1M-5.9%
3M-5.9%
6M-8.2%
YTD-6.8%
1Y-17.7%
ATR %1.9%
52w lowhigh22.7% off high

What Chengdu Expressway does

Employees: 2,339

Chengdu Expressway at a glance

Size Chengdu Expressway (1785.HK) is a Hong Kong Industrials company (Engineering & Construction) with a market value of $395M, the 821st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.91 on 6 Nov 2026.

Performance Over six months the shares fell 8.2%, against -11.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th highest of 19 in its peer set.

Growth Revenue grew 1.7% over the last twelve months (peer median -0.9%); the operating margin is 26.9% (peer median 4.1%).

Valuation It trades at 2.0× enterprise value to sales against a peer median of 1.4× (8th most expensive of 19).

Capital Return on invested capital runs 1.8 points above its cost of capital (5.0% WACC).

Relative performance

909510010511 May 202611 Aug 20266 Nov 20261785.HK 92Peer median 88
Six months, rebased to 100: Chengdu Expressway against the median of its 20 peers (local-currency closes).

Chengdu Expressway financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$3.21BHK$3.17BHK$3.15BHK$3.19BHK$3.01B
Revenue growth—0%-1%+6%—
Gross profitHK$1.19BHK$1.13BHK$1.11BHK$1.11BHK$968M
EBITDAn/aHK$1.29BHK$1.30BHK$1.36BHK$1.21B
Net incomeHK$612MHK$599MHK$563MHK$684MHK$570M
Free cash flow-HK$817M-HK$427MHK$363MHK$1.14BHK$816M
Capital expenditureHK$1.79BHK$1.24BHK$545MHK$140MHK$220M
Total debtHK$4.50BHK$3.96BHK$2.71BHK$3.02BHK$3.31B

Quarterly statements and history in the cockpit →

Chengdu 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%PHOESHA50110368MULTI17990022006038153005602520301136TFIN1785.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Chengdu Expressway is the large dot.

Fundamentals: revenue growth against valuation

-50%-25%0%+25%0×200×400×PHOESHA50110368MULTI1799002200603815300560252015761785.HKRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Chengdu Expressway is the large dot.

Chengdu Expressway competitors and peer comparison

How Chengdu 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.

Chengdu Expressway against its 20 peers (data as of 6 Nov 2026)
Measure1785.HKPeer medianRank in peer set
1-month return-5.9%-5.9%10th highest of 20
6-month return-8.2%-11.9%9th highest of 19
Distance from 52-week high-22.7%-31.8%9th highest of 21
Revenue growth (TTM)+1.7%-0.9%8th highest of 19
Operating margin26.9%4.1%2nd highest of 19
EV / Sales2.0×1.4×8th most expensive of 19
ROIC minus cost of capital+1.8 pp-1.7 pp4th highest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
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
Da Yi Cheng Technology 7951.TWOTaiwan$398Mn/an/an/an/an/an/a
Superland 0368.HKHong Kong$392M+405%-6%6%4.0×n/an/a
Multiconsult MULTI.OLNorway$390M-17%+4%5%0.7×-5.8%+9.6%
Daiichi Kensetsu 1799.TJapan$401M-16%+15%10%0.7×-6.4%+1.8%
YCIC Eco-Technology 002200.SZChina$401M-22%+41%0%3.0×34.5%+14.0%
Steady Energy STEADY.HEFinland$388Mn/an/an/an/an/an/a
Anhui Gourgen Traffic Construction 603815.SSChina$404M-40%-32%-29%1.4×n/an/a
Hangzhou Freely Communication 603602.SSChina$386M-14%+11%-6%1.5×-14.4%+18.7%
Zhong Fu Tong 300560.SZChina$405M-18%+15%-1%2.8×n/an/a
Daiho 1822.TJapan$405M+2%+1%5%0.3×-12.7%-2.9%
Tomoe 1921.TJapan$408M-5%+3%14%2.1×-2.9%+8.5%
Shanxi Installation 2520.HKHong Kong$408M+25%-16%3%1.4×n/an/a
Fujian Tendering 301136.SZChina$409M-39%-5%-4%3.0×n/an/a
Tekken 1815.TJapan$381M-2%-5%3%0.6×n/an/a
Kawada Technologies 3443.TJapan$411M-17%-11%8%0.5×-10.4%-0.1%
Qilu Expressway 1576.HKHong Kong$412M-10%-53%29%6.6×5.5%+6.3%
Trevi Finanziaria Industriale TFIN.MIItaly$378M+68%-6%10%0.7×-2.8%+6.0%

Questions

Which companies are Chengdu Expressway's closest peers?
The cockpit's peer set: Phoenix Asia (PHOE), Shape Australia (SHA.AX), Nichireki (5011.T), Da Yi Cheng Technology (7951.TWO), Superland (0368.HK), Multiconsult (MULTI.OL), Daiichi Kensetsu (1799.T), YCIC Eco-Technology (002200.SZ).
Is Chengdu Expressway expensive compared with its peers?
On ev / sales it trades at 2.0× against a peer median of 1.4×, 8th most expensive of 19 in its peer set.
How has Chengdu Expressway stock performed?
Over six months to 6 Nov 2026 the shares returned -8.2% against -11.9% for the median peer; over one year -17.7%.

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.