Zhejiang Expressway Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	46,977	43,293	33,505	31,226	26,102	30,185
Market Cap Growth	31.06%	29.21%	7.30%	19.63%	-13.53%	6.11%
Enterprise Value	124,134	101,372	17,871	15,799	72,450	70,355
Last Close Price	7.78	7.17	5.25	4.57	4.57	4.97
PE Ratio	7.89	7.31	5.72	5.43	4.46	5.16
Forward PE	7.09	6.80	5.80	4.79	5.35	5.31
PS Ratio	2.14	1.97	1.74	1.67	1.51	1.51
PB Ratio	0.45	0.42	0.43	0.47	0.47	0.55
P/TBV Ratio	1.40	1.29	1.22	1.55	3.91	34.79
P/FCF Ratio	-	-	3.81	3.32	3.67	12.69
P/OCF Ratio	-	-	3.47	2.89	2.96	8.71
PEG Ratio	-	6.23	6.23	6.23	6.23	6.23
EV/Sales Ratio	5.65	4.61	0.93	0.85	4.18	3.52
EV/EBITDA Ratio	9.74	8.99	1.58	1.37	6.85	5.95
EV/EBIT Ratio	14.11	13.84	2.38	2.05	11.07	8.74
EV/FCF Ratio	-	-	2.03	1.68	10.18	29.57
Debt / Equity Ratio	1.21	1.21	1.09	1.40	1.62	1.81
Debt / EBITDA Ratio	11.07	11.07	7.47	7.93	8.43	8.26
Debt / FCF Ratio	-	-	9.75	9.90	12.69	41.41
Net Debt / Equity Ratio	0.29	0.29	0.28	0.23	0.24	0.39
Net Debt / EBITDA Ratio	2.63	2.63	1.95	1.35	1.25	1.79
Net Debt / FCF Ratio	-	-	2.50	1.66	1.86	8.90
Asset Turnover	0.08	0.08	0.09	0.09	0.08	0.10
Inventory Turnover	8.59	8.59	8.52	10.21	19.15	25.69
Quick Ratio	0.81	0.81	0.79	0.88	0.85	0.85
Current Ratio	1.32	1.32	1.35	1.48	1.44	1.34
Return on Equity (ROE)	9.43%	9.43%	10.67%	12.07%	13.45%	15.46%
Return on Assets (ROA)	1.61%	1.61%	2.08%	2.20%	1.97%	2.63%
Return on Invested Capital (ROIC)	4.76%	4.94%	6.76%	8.73%	8.10%	8.48%
Return on Capital Employed (ROCE)	5.00%	5.00%	6.50%	6.70%	6.50%	8.30%
Earnings Yield	12.61%	13.69%	17.47%	18.43%	22.43%	19.37%
FCF Yield	-	-	26.25%	30.10%	27.27%	7.88%
Dividend Yield	5.90%	6.13%	7.80%	7.71%	9.27%	9.26%
Payout Ratio	-	-	35.03%	31.45%	31.51%	32.20%
Buyback Yield / Dilution	0.40%	0.40%	-22.83%	-1.79%	-5.16%	-3.71%
Total Shareholder Return	6.30%	6.53%	-15.03%	5.92%	4.11%	5.55%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.