The Discounted Cash Flow (DCF) valuation of China Nuclear Engineering & Construction Corp Ltd (601611.SS) is 5.15 CNY. With the latest stock price at 9.19 CNY, the upside of China Nuclear Engineering & Construction Corp Ltd based on DCF is -43.9%.
Based on the latest price of 9.19 CNY and our DCF valuation, China Nuclear Engineering & Construction Corp Ltd (601611.SS) is a sell. Selling 601611.SS stocks now will result in a potential gain of 43.9%.
Range | Selected | |
WACC / Discount Rate | 6.3% - 8.1% | 7.2% |
Long-term Growth Rate | 2.5% - 4.5% | 3.5% |
Fair Price | (3.63) - 32.61 | 5.15 |
Upside | -139.5% - 254.8% | -43.9% |
(CNY in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 113,541 | 124,271 | 133,215 | 144,306 | 158,884 | 176,418 |
% Growth | 4% | 9% | 7% | 8% | 10% | 11% |
Cost of goods sold | (100,241) | (107,520) | (112,953) | (119,909) | (129,382) | (140,788) |
% of Revenue | 88% | 87% | 85% | 83% | 81% | 80% |
Selling, G&A expenses | (4,989) | (5,460) | (5,853) | (6,341) | (6,981) | (7,752) |
% of Revenue | 4% | 4% | 4% | 4% | 4% | 4% |
Research & Development | (3,144) | (3,441) | (3,689) | (3,996) | (4,400) | (4,885) |
% of Revenue | 3% | 3% | 3% | 3% | 3% | 3% |
Net interest & other expenses | (2,022) | (2,214) | (2,373) | (2,570) | (2,830) | (3,142) |
% of Revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Tax expense | (354) | (946) | (1,401) | (1,929) | (2,567) | (3,332) |
Tax rate | 11% | 17% | 17% | 17% | 17% | 17% |
Net profit | 2,791 | 4,690 | 6,946 | 9,561 | 12,724 | 16,519 |
% Margin | 2% | 4% | 5% | 7% | 8% | 9% |