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Tibet-based construction and building-materials company, also involved in regional infrastructure projects.
Tibet-based construction and building-materials company, also involved in regional infrastructure projects.
Moat: narrow (regulatory licence). Established, government-linked construction/materials supplier in geographically isolated Tibet.
Headquarters: Lhasa, Tibet, China · Employees: 1,836
Size Xizang Tianlu (600326.SS) is a China Industrials company (Other Transportation) with a market value of $1.24B, the 1921st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.05 on 6 Nov 2026.
Performance Over six months the shares fell 35.4%, against -3.4% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 7.8% over the last twelve months (peer median +7.3%); the operating margin is 0.1% (peer median 15.0%).
Valuation It trades at 26.3× forward earnings against a peer median of 11.8× (2nd most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is -13%, so the hurdle is +38 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.4 points below its cost of capital (6.5% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.22B | CN¥3.53B | CN¥3.12B | CN¥4.08B | CN¥3.83B |
| Revenue growth | — | +13% | -23% | +7% | — |
| Gross profit | CN¥723M | CN¥482M | CN¥441M | CN¥317M | CN¥105M |
| EBITDA | n/a | CN¥295M | CN¥251M | CN¥44.7M | -CN¥157M |
| Net income | -CN¥143M | -CN¥56.8M | -CN¥104M | -CN¥532M | -CN¥498M |
| Free cash flow | CN¥29.4M | CN¥297M | CN¥371M | CN¥65.5M | -CN¥157M |
| Capital expenditure | CN¥263M | CN¥23.0M | CN¥86.5M | CN¥174M | CN¥122M |
| Total debt | CN¥2.96B | CN¥3.26B | CN¥4.11B | CN¥5.04B | CN¥5.20B |
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.
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.
| Measure | 600326.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.3% | -1.2% | 3rd lowest of 21 |
| 6-month return | -35.4% | -3.4% | 2nd lowest of 21 |
| Distance from 52-week high | -53.2% | -21.1% | lowest of 21 |
| Revenue growth (TTM) | -7.8% | +7.3% | 4th lowest of 21 |
| Operating margin | 0.1% | 15.0% | 4th lowest of 21 |
| Forward P/E | 26.3× | 11.8× | 2nd most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 24.9% | -3.0% | 3rd most demanding of 15 |
| Growth delivered (Del g) | -13.0% | +7.0% | lowest of 15 |
| Hurdle (Req g minus delivered) | +37.9 pp | -9.8 pp | most demanding of 15 |
| ROIC minus cost of capital | -4.4 pp | -1.1 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xizang Tianlu 600326.SS | China | $1.24B | -35% | -8% | 0% | 26.3× | 24.9% | -13.0% |
| Nishi-Nippon Railroad 9031.T | Japan | $1.37B | 0% | +10% | 7% | 9.0× | n/a | n/a |
| StorageVault Canada SVI.TO | Canada | $1.09B | -4% | +9% | 23% | n/a | 21.9% | +16.6% |
| Shanxi Hi-speed 000755.SZ | China | $1.07B | -3% | +3% | 47% | n/a | -7.2% | +8.4% |
| Henan Zhongyuan Expressway 600020.SS | China | $1.43B | +5% | -11% | 20% | 9.4× | 5.9% | +5.4% |
| Shenzhen International 0152.HK | Hong Kong | $1.49B | -35% | +15% | 11% | 6.1× | n/a | n/a |
| Dazhong Transportation (Group) 600611.SS | China | $1.02B | -12% | -12% | -9% | n/a | 5.8% | -3.3% |
| CTS International Logistics 603128.SS | China | $1.02B | -5% | +15% | 3% | 15.0× | -5.1% | +5.0% |
| Fujian Expressway Development 600033.SS | China | $1.51B | +1% | -3% | 47% | n/a | -16.1% | +5.6% |
| Guangxi Wuzhou Communications 600368.SS | China | $1.01B | +8% | -40% | 48% | n/a | n/a | n/a |
| Shreeji Shipping Global SHREEJISPG.NS | India | $1.53B | +111% | +21% | 24% | n/a | n/a | n/a |
| Sotetsu 9003.T | Japan | $1.55B | -4% | +9% | 13% | 10.1× | n/a | n/a |
| Dongguan Development (Holdings) 000828.SZ | China | $1.57B | -3% | -4% | 39% | 10.7× | 0.7% | +4.4% |
| FirstGroup FGP.L | United Kingdom | $1.60B | +40% | -6% | 5% | 11.4× | -7.6% | +1.9% |
| Sichuan Haite High-Tech 002023.SZ | China | $948M | -31% | +14% | -28% | n/a | 31.4% | +10.4% |
| Jiangsu Tongxingbao Intelligent Transportation Tech 301339.SZ | China | $948M | -17% | +9% | 20% | 13.8× | -4.9% | +17.9% |
| Evergreen Aviation Technologies 2645.TW | Taiwan | $1.67B | -8% | +10% | 17% | 16.2× | -1.0% | +11.2% |
| Beijing Capital International Airport 0694.HK | Hong Kong | $914M | -21% | +6% | 0% | 183.1× | 40.5% | +8.7% |
| Xiamen International Airport 600897.SS | China | $892M | -12% | +33% | 28% | 12.1× | -16.5% | +11.4% |
| Hamburger Hafen und Logistik HHFA.DE | Germany | $1.72B | -2% | +3% | 7% | n/a | n/a | n/a |
| SBS Transit S61.SI | Singapore | $866M | -2% | +2% | 4% | 19.0× | -10.6% | +4.3% |