What is the intrinsic value of 000429.SZ?

As of 2025-07-10, the Intrinsic Value of Guangdong Provincial Expressway Development Co Ltd (000429.SZ) is 18.92 CNY. This 000429.SZ valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 13.52 CNY, the upside of Guangdong Provincial Expressway Development Co Ltd is 39.90%.

The range of the Intrinsic Value is 12.96 - 35.08 CNY

Is 000429.SZ undervalued or overvalued?

Based on its market price of 13.52 CNY and our intrinsic valuation, Guangdong Provincial Expressway Development Co Ltd (000429.SZ) is undervalued by 39.90%.

	Range	Selected	Upside
a
DCF (Growth 5y)	12.96 - 35.08	18.92	39.9%
DCF (Growth 10y)	13.16 - 32.59	18.44	36.4%
DCF (EBITDA 5y)	17.82 - 20.69	19.37	43.3%
DCF (EBITDA 10y)	17.22 - 21.56	19.39	43.4%
Fair Value	9.24 - 9.24	9.24	-31.66%
P/E	9.55 - 11.56	10.41	-23.0%
EV/EBITDA	8.85 - 15.24	12.98	-4.0%
EPV	3.42 - 5.55	4.49	-66.8%
DDM - Stable	7.61 - 26.04	16.82	24.4%
DDM - Multi	11.20 - 27.54	15.68	15.9%