China Railway Construction Corp Limited (HKG:1186) China to London Train

China Railway Construction Corp Limited (HKG:1186) China to London Train

China Railway Construction Corp Limited (HKG:1186) China to London Train

China on Sunday launched its first freight train to London, the China Railway Corporation said.

Departing from Yiwu West Railway Station in eastern Zhejiang Province, the train will travel for about 18 days and more than 12,000 kilometers before reaching its destination in Britain.

Yiwu is known for producing small commodities, and the train mainly carried such goods, including household items, garments, cloth, bags and suitcases. It will pass through Kazakhstan, Russia, Belarus, Poland, Germany, Belgium and France before arriving in London.

London is the 15th city in Europe added to China-Europe freight train services.

The service will improve China-Britain trade ties, strengthen connectivity with western Europe, while better serving China’s Belt and Road Initiative, an infrastructure and trade network connecting Asia with Europe and Africa along ancient trade routes, the China Railway Corporation said.

China Railway Construction Corporation Limited is a engineering construction company. The Company’s main businesses consist of engineering contracting, including the construction of infrastructure, such as railways, highways, building construction, municipal utility, urban rail, water utility, electricity, bridges, tunnels and airports; survey, design and consultancy services of railways, highways, urban rail transit, water and power facilities, airports, docks, industrial and civil and municipal projects; industrial manufacturing business ,including the design, research, manufacture and maintenance of large-scale road maintenance machinery and equipment, and railways, bridges, sleepers and track system components, as well as other business operations, such as real estate development and logistics businesses.

Valuation Ratios

Company industry sector
P/E Ratio (TTM) 9.22 20.22 66.86
P/E High – Last 5 Yrs. 10.13 64.77 47.19
P/E Low – Last 5 Yrs. 5.45 10.48 13.68
Beta 1.53 1.14 0.92
Price to Sales (TTM) 0.26 1.77 2.43
Price to Book (MRQ) 0.96 1.68 2.33
Price to Tangible Book (MRQ) 1.91 1.74 3.63
Price to Cash Flow (TTM) 12.17 14.11
% Owned Institutions 0.11 1.82

Dividends

Company industry sector
Dividend Yield 1.77 1.55 1.52
Dividend Yield – 5 Year Avg 1.94 1.34 1.57
Dividend 5 Year Growth Rate 10.76 9.82 6.13
Payout Ratio(TTM) 14.92 22.77 72.01

Growth Rates

Company industry sector
Sales (MRQ) vs Qtr. 1 Yr. Ago 4.66 1.37 151.91
Sales (TTM) vs TTM 1 Yr. Ago 2.99 1.02 7.01
Sales – 5 Yr. Growth Rate 5.02 7.63 6.42
EPS (MRQ) vs Qtr. 1 Yr. Ago 6.37 19.52 4.70
EPS (TTM) vs TTM 1 Yr. Ago -0.50
EPS – 5 Yr. Growth Rate 23.37 17.18 10.33
Capital Spending – 5 Yr. Growth Rate 9.79 4.68 11.00

Financial Strength

Company industry sector
Quick Ratio (MRQ) 0.71 0.99 2.01
Current Ratio (MRQ) 1.29 1.32 2.44
LT Debt to Equity (MRQ) 91.29 77.68 65.97
Total Debt to Equity (MRQ) 155.28 101.42 91.72
Interest Coverage (TTM) 4.38 2.53 13.14
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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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