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China Merchants Expressway Network & Technology Valuation Multiples
Discover revenue and EBITDA valuation multiples for China Merchants Expressway Network & Technology and similar public comparables like Jiangsu Expressway, Primoris Services, Construction Partners, Shandong Hi-Speed and more.
China Merchants Expressway Network & Technology Overview
About China Merchants Expressway Network & Technology
China Merchants Expressway Network & Technology Holdings Co Ltd is engaged in Highway-related operations, including toll road business and transportation technology business. Its operating segments include Intelligent transportation, Investment operation, Traffic ecology, and Transportation technology. It generates the majority of its revenue from the Investment operation segment, which provides highway investment and operation services.
Founded
1993
HQ

Employees
6.4K
Website
Sectors
Financials (LTM)
EV
$16B
China Merchants Expressway Network & Technology Financials
China Merchants Expressway Network & Technology reported last 12-month revenue of $2B and EBITDA of $1B.
In the same LTM period, China Merchants Expressway Network & Technology generated $603M in gross profit, $1B in EBITDA, and $796M in net income.
Revenue (LTM)
China Merchants Expressway Network & Technology P&L
In the most recent fiscal year, China Merchants Expressway Network & Technology reported revenue of $2B and EBITDA of $2B.
China Merchants Expressway Network & Technology expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $603M | XXX | $628M | XXX | XXX | XXX |
| Gross Margin | 33% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 75% | XXX | 97% | XXX | XXX | XXX |
| EBIT Margin | 46% | XXX | 44% | XXX | XXX | XXX |
| Net Profit | $796M | XXX | $772M | XXX | XXX | XXX |
| Net Margin | 43% | XXX | 42% | XXX | XXX | XXX |
| Net Debt | — | — | $6B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
China Merchants Expressway Network & Technology Stock Performance
China Merchants Expressway Network & Technology has current market cap of $9B, and enterprise value of $16B.
Market Cap Evolution
China Merchants Expressway Network & Technology's stock price is $1.39.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $16B | $9B | 0.0% | XXX | XXX | XXX | $0.11 |
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Start Free TrialChina Merchants Expressway Network & Technology Valuation Multiples
China Merchants Expressway Network & Technology trades at 8.8x EV/Revenue multiple, and 11.7x EV/EBITDA.
EV / Revenue (LTM)
China Merchants Expressway Network & Technology Financial Valuation Multiples
As of March 7, 2026, China Merchants Expressway Network & Technology has market cap of $9B and EV of $16B.
Equity research analysts estimate China Merchants Expressway Network & Technology's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Merchants Expressway Network & Technology has a P/E ratio of 11.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV/Revenue | 8.8x | XXX | 8.8x | XXX | XXX | XXX |
| EV/EBITDA | 11.7x | XXX | 9.2x | XXX | XXX | XXX |
| EV/EBIT | 19.3x | XXX | 20.2x | XXX | XXX | XXX |
| EV/Gross Profit | 27.0x | XXX | 25.9x | XXX | XXX | XXX |
| P/E | 11.9x | XXX | 12.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 19.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified China Merchants Expressway Network & Technology Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


China Merchants Expressway Network & Technology Margins & Growth Rates
China Merchants Expressway Network & Technology's revenue in the last 12 month grew by 3%.
China Merchants Expressway Network & Technology's revenue per employee in the last FY averaged $0.3M.
China Merchants Expressway Network & Technology's rule of 40 is 78% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Merchants Expressway Network & Technology's rule of X is 83% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
China Merchants Expressway Network & Technology Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 75% | XXX | 97% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | (23%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 78% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 83% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
China Merchants Expressway Network & Technology Public Comps
See public comps and valuation multiples for other Road Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Jiangsu Expressway | XXX | XXX | XXX | XXX | XXX | XXX |
| Primoris Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Construction Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| Shandong Hi-Speed | XXX | XXX | XXX | XXX | XXX | XXX |
| IDEAL Impulsora del Desarrollo | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
China Merchants Expressway Network & Technology M&A Activity
China Merchants Expressway Network & Technology acquired XXX companies to date.
Last acquisition by China Merchants Expressway Network & Technology was on XXXXXXXX, XXXXX. China Merchants Expressway Network & Technology acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by China Merchants Expressway Network & Technology
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialChina Merchants Expressway Network & Technology Investment Activity
China Merchants Expressway Network & Technology invested in XXX companies to date.
China Merchants Expressway Network & Technology made its latest investment on XXXXXXXX, XXXXX. China Merchants Expressway Network & Technology invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by China Merchants Expressway Network & Technology
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout China Merchants Expressway Network & Technology
| When was China Merchants Expressway Network & Technology founded? | China Merchants Expressway Network & Technology was founded in 1993. |
| Where is China Merchants Expressway Network & Technology headquartered? | China Merchants Expressway Network & Technology is headquartered in China. |
| How many employees does China Merchants Expressway Network & Technology have? | As of today, China Merchants Expressway Network & Technology has over 6K employees. |
| Is China Merchants Expressway Network & Technology publicly listed? | Yes, China Merchants Expressway Network & Technology is a public company listed on Shenzhen Stock Exchange. |
| What is the stock symbol of China Merchants Expressway Network & Technology? | China Merchants Expressway Network & Technology trades under 001965 ticker. |
| When did China Merchants Expressway Network & Technology go public? | China Merchants Expressway Network & Technology went public in 2017. |
| Who are competitors of China Merchants Expressway Network & Technology? | China Merchants Expressway Network & Technology main competitors are Jiangsu Expressway, Primoris Services, Construction Partners, Shandong Hi-Speed. |
| What is the current market cap of China Merchants Expressway Network & Technology? | China Merchants Expressway Network & Technology's current market cap is $9B. |
| What is the current revenue of China Merchants Expressway Network & Technology? | China Merchants Expressway Network & Technology's last 12 months revenue is $2B. |
| What is the current revenue growth of China Merchants Expressway Network & Technology? | China Merchants Expressway Network & Technology revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of China Merchants Expressway Network & Technology? | Current revenue multiple of China Merchants Expressway Network & Technology is 8.8x. |
| Is China Merchants Expressway Network & Technology profitable? | Yes, China Merchants Expressway Network & Technology is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of China Merchants Expressway Network & Technology? | China Merchants Expressway Network & Technology's last 12 months EBITDA is $1B. |
| What is China Merchants Expressway Network & Technology's EBITDA margin? | China Merchants Expressway Network & Technology's last 12 months EBITDA margin is 75%. |
| What is the current EV/EBITDA multiple of China Merchants Expressway Network & Technology? | Current EBITDA multiple of China Merchants Expressway Network & Technology is 11.7x. |
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