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Chengdu Expressway Co (HKSE:01785) EBITDA : HK$977 Mil (TTM As of Jun. 2024)


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What is Chengdu Expressway Co EBITDA?

Chengdu Expressway Co's EBITDA for the three months ended in Jun. 2024 was HK$243 Mil. Its EBITDA for the trailing twelve months (TTM) ended in Jun. 2024 was HK$977 Mil.

During the past 12 months, the average EBITDA Growth Rate of Chengdu Expressway Co was 142.30% per year. During the past 3 years, the average EBITDA Growth Rate was 10.70% per year. During the past 5 years, the average EBITDA Growth Rate was 14.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA Growth Rate using EBITDA data.

During the past 9 years, the highest 3-Year average EBITDA Growth Rate of Chengdu Expressway Co was 31.90% per year. The lowest was -1.20% per year. And the median was 13.95% per year.

Chengdu Expressway Co's EBITDA per Share for the three months ended in Jun. 2024 was HK$0.15. Its EBITDA per share for the trailing twelve months (TTM) ended in Jun. 2024 was HK$0.59.

During the past 12 months, the average EBITDA per Share Growth Rate of Chengdu Expressway Co was 143.10% per year. During the past 3 years, the average EBITDA per Share Growth Rate was 10.70% per year. During the past 5 years, the average EBITDA per Share Growth Rate was 14.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA per share growth rate using EBITDA per Share data.

During the past 9 years, the highest 3-Year average EBITDA per Share Growth Rate of Chengdu Expressway Co was 31.90% per year. The lowest was -2.30% per year. And the median was 13.45% per year.


Chengdu Expressway Co EBITDA Historical Data

The historical data trend for Chengdu Expressway Co's EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chengdu Expressway Co EBITDA Chart

Chengdu Expressway Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBITDA
Get a 7-Day Free Trial Premium Member Only 990.68 1,053.59 1,600.40 1,245.73 1,429.57

Chengdu Expressway Co Quarterly Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 294.42 197.61 227.37 242.74 309.19

Competitive Comparison of Chengdu Expressway Co's EBITDA

For the Infrastructure Operations subindustry, Chengdu Expressway Co's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chengdu Expressway Co's EV-to-EBITDA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chengdu Expressway Co's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Chengdu Expressway Co's EV-to-EBITDA falls into.


Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is what the company earns before it expenses interest, taxes, depreciation and amortization.

Chengdu Expressway Co's EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Chengdu Expressway Co's EBITDA was directly provided by GuruFocus' data source Morningstar. For the fiscal year ended in Dec. 2023, Chengdu Expressway Co's EBITDA was HK$1,430 Mil.

Chengdu Expressway Co's EBITDA for the quarter that ended in Jun. 2024 is calculated as

Chengdu Expressway Co's EBITDA was directly provided by GuruFocus' data source Morningstar. For the quarter ended in Jun. 2024, Chengdu Expressway Co's EBITDA was HK$243 Mil.

EBITDA for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$977 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sometimes companies may have already deducted Depreciation and Amortization from Gross Profit. In this case Depreciation and Amortization needs to be added back when calculating EBITDA.

Chengdu Expressway Co  (HKSE:01785) EBITDA Explanation

EBITDA is a cash flow measure that ignores changes in working capital. EBITDA minus Depreciation, and Amortization (DA) equals Operating Income. Operating Income is profit before interest and taxes. Of course, Interest and taxes need to be paid.

While depreciation and amortization expenses do not need to be paid in cash, assets - especially tangible assets - do need to be replaced over time. EBITDA is not a measure of profit in any sense. EBITDA is a measure of cash generation by a business where the uses of that cash may be more or less discretionary depending on the nature of the business.

The EBITDA of a TV station is largely discretionary. Owners may use much of the EBITDA generated by a TV station as they see fit. The EBITDA of a railroad is largely non-discretionary. Owners must use much of the EBITDA generated by a railroad to replace the physical assets of the railroad or the business will literally fall apart over time.

EBITDA can be thought of as the cash a business generates that is available to:

Add more inventory
Add more receivables
Replace property, plant, and equipment
Add more property, plant, and equipment
Pay interest
Pay taxes
And finally: pay owners

EBITDA is widely used in financial analysis because Depreciation and Amortization are not present day cash expenses.. Depreciation and amortization are the spreading out of the costs of assets over the time in which those assets provide benefits. Today's depreciation and amortization expenses relate to assets bought in the past. The assets being expensed may or may not need to be replaced in the future. And the cost to replace the assets may be more or less than it was in the past. For this reason, the depreciation and amortization expenses a company records in the present year may have no relationship to the actual cash costs needed to maintain its assets in future years.

A company's depreciation expense depends on both its expectations about the assets it owns and its choice of accounting methods. Two companies owning identical assets may have different depreciation expenses because they have different expectations about the useful lives of those assets and because they make different accounting choices.

Analysts use EBITDA to remove this element of personal choice from a company's accounting statements. The use of EBITDA is an attempt to make the results of different companies more comparable and uniform.


Be Aware

Although depreciation is not a cash cost it is a real business cost because the company has to pay for the fixed assets when they purchase them. Both Warren Buffett and Charlie Munger hate the idea of EBITDA because in this calculation, depreciation is not counted as an expense.

EBITDA over Revenue is a good metric for comparing the operating efficiencies between companies because EBITDA is less vulnerable to companies' accounting choices. For this reason, EBITDA is used in ranking the Predictability of Companies. Also Price-to-EBITDA is sometimes used in valuations.


Chengdu Expressway Co EBITDA Related Terms

Thank you for viewing the detailed overview of Chengdu Expressway Co's EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Chengdu Expressway Co Business Description

Traded in Other Exchanges
N/A
Address
No. 66 Shenghe 1st Road, 9th Floor, Chengnan Tianfu Building, High-Tech Zone, Sichuan, Chengdu, CHN
Chengdu Expressway Co Ltd is principally engaged in the operation, management and development of expressways located in and around Chengdu, Sichuan Province. Meanwhile, the Group also carries out retail of refined oil and operation of CNG. It operates in two reportable segments the Expressway segment segment comprises the construction, operation and maintenance of toll expressways located in Sichuan province; and the Energy Investment segment comprises the operation of petrol stations and a gas station and sales of refined oil and compressed natural gas. It derives majority of the revenue from Expressway segment.
Executives
Cheng Du Tian Fu Xin Qu Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cheng Du Tian Fu Zi Ben Tou Zi You Xian Gong Si 2305 Beneficiary of a trust
Fu Guo Ji Jin Guan Li You Xian Gong Si 2102 Investment manager
Guang Dong Sheng Jiao Tong Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Xin Yue You Xian Gong Si 2101 Beneficial owner
Cheng Du Shi Xie Cheng Zi Chan Guan Li You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Cheng Du Gui Dao Jiao Tong Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cheng Du Cheng Jian Tou Zi Guan Li Ji Tuan You Xian Ze Ren Gong Si 2101 Beneficial owner
Cheng Du Huan Jing Tou Zi Ji Tuan You Xian Gong Si 2101 Beneficial owner
Cheng Du Chan Ye Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cheng Du Xian Jin Zhi Zao Chan Ye Tou Zi You Xian Gong Si 2101 Beneficial owner
Cheng Du Gui Dao Chan Ye Tou Zi You Xian Gong Si 2101 Beneficial owner
Cheng Du Jiao Zi Jin Rong Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Cheng Du Jin Rong Kong Gu Ji T 2101 Beneficial owner

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