Anhui Expressway Co Ltd (600012) Fair Value & Analysis
Industrials · CN · Market cap 27.7B CNY (≈ $4.1B) · ISIN CNE000001DC4
What is Anhui Expressway Co Ltd really worth?
A solid business, currently priced close to our fair value of ¥14.90.
Strengths
Risks
For context
Fair value as of: Aug 17, 2026
From 26 valuation models · updated 19 days ago
Share price +1.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (¥7.34 to ¥25.21). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.
How to read this chart
60‑month range ¥4.89 – ¥18.78 · fair‑value band ¥7.34 – ¥25.21 · the ¥16.51 price screens above the ¥14.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 17, 2026.
Analysis
Anhui Expressway Co Ltd (600012) currently trades at ¥16.51, while our model-based Fair Value estimate is ¥14.90, implying the stock looks roughly 10.8% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of ¥18.96 per share, and 9 of the 26 models we run sit above the ¥16.51 price. Bear case: the Asset-Based group reads lowest at ¥5.09, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Anhui Expressway Co Ltd generated revenue of 5.5B CNY at a net margin of 34.0%. Revenue declined 44.2% year over year. It earns a return on equity of 13.2%. Net debt stands at 9.3B CNY. Fundamentals as of Aug 17, 2026
Our scenario range runs from ¥7.34 (bear case) to ¥25.21 (bull case); at ¥16.51, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 9% fair-value upside, at −10%, 600012 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.2990 per share, which is 2.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Multiples (¥18.96) versus Asset-Based (¥5.09). Highest evidence: FCF DCF (75).
Notify me when 600012 reaches fair value
Put 600012 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 59
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Anhui Expressway Company Limited engages in the investment, construction, operation, and management of the toll roads in the People's Republic of China. The company was incorporated in 1996 and is headquartered in Hefei, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Anhui Expressway Co Ltd reported revenue of 6.7B CNY in FY2025 versus 3.9B CNY in FY2021, a compound +14.3%/yr. Reported net income was 1.9B CNY in FY2025, compounding +5.5%/yr from FY2021.
of which total revenue +12.2 % · buybacks/dilution −0.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
Watch 600012: get an alert when its fair value changes →
Peer Group
Infrastructure Operations · 64 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Infrastructure Operations median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Infrastructure Operations stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Merchants Expressway Network & Technology Holdings 001965 | ¥9.36 | ¥10.25 | +10% |
| Jiangsu Expressway Company 600377 | ¥12.01 | ¥14.47 | +20% |
| Shandong Hi-speed Company 600350 | ¥10.90 | ¥8.68 | −20% |
| Zhejiang Expressway Co 0576 | HK$6.31 | HK$18.50 | +193% |
| Guangdong Provincial Expressway Development Co 000429 | ¥13.04 | ¥13.79 | +6% |
| Shenzhen Expressway Corporation 600548 | ¥8.37 | ¥9.16 | +9% |
| IRB Infrastructure Developers Limited IRB | ₹18.95 | ₹14.79 | −22% |
| Sichuan Expressway Company 601107 | ¥5.53 | ¥5.73 | +4% |
| CUBEINVIT CUBEINVIT | ₹159.18 | ₹33.83 | −79% |
| PT Jasa Marga (Persero) Tbk JSMR | 2,740 IDR | 7,830 IDR | +186% |
Compare Anhui Expressway Co Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Anhui Expressway Co Ltd (600012) overvalued or undervalued?
What is the fair value of 600012?
What is the quality score of 600012?
What is the revenue of Anhui Expressway Co Ltd (600012)?
What is the net profit margin of 600012?
Does Anhui Expressway Co Ltd pay a dividend?
Watch Anhui Expressway Co Ltd in the live analysis
One click puts Anhui Expressway Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.