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China Merchants Expressway Network & Technology Holdings Co Ltd is engaged in Highway-related operations include toll road business and transportation technology business.
1993
6.4K+
LTM Revenue $1.8B
LTM EBITDA $1.6B
$16.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Merchants Expressway has a last 12-month revenue (LTM) of $1.8B and a last 12-month EBITDA of $1.6B.
In the most recent fiscal year, Merchants Expressway achieved revenue of $1.8B and an EBITDA of $1.7B.
Merchants Expressway expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Merchants Expressway valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | XXX | $1.8B | XXX | XXX | XXX |
| Gross Profit | $580M | XXX | $603M | XXX | XXX | XXX |
| Gross Margin | 33% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $1.6B | XXX | $1.7B | XXX | XXX | XXX |
| EBITDA Margin | 90% | XXX | 97% | XXX | XXX | XXX |
| EBIT | $870M | XXX | $474M | XXX | XXX | XXX |
| EBIT Margin | 50% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $758M | XXX | $741M | XXX | XXX | XXX |
| Net Margin | 43% | XXX | 42% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $5.7B | XXX | XXX | XXX |
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As of September 3, 2025, Merchants Expressway's stock price is CNY 10 (or $1).
Merchants Expressway has current market cap of CNY 71.5B (or $10.0B), and EV of CNY 117B (or $16.2B).
See Merchants Expressway trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $16.2B | $10.0B | XXX | XXX | XXX | XXX | $0.11 |
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Start Free TrialAs of September 3, 2025, Merchants Expressway has market cap of $10.0B and EV of $16.2B.
Merchants Expressway's trades at 9.2x EV/Revenue multiple, and 9.5x EV/EBITDA.
Equity research analysts estimate Merchants Expressway's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Merchants Expressway has a P/E ratio of 13.1x.
See valuation multiples for Merchants Expressway and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10.0B | XXX | $10.0B | XXX | XXX | XXX |
| EV (current) | $16.2B | XXX | $16.2B | XXX | XXX | XXX |
| EV/Revenue | 9.3x | XXX | 9.2x | XXX | XXX | XXX |
| EV/EBITDA | 10.3x | XXX | 9.5x | XXX | XXX | XXX |
| EV/EBIT | 18.7x | XXX | 34.3x | XXX | XXX | XXX |
| EV/Gross Profit | 28.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | 13.1x | XXX | 13.4x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 19.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialMerchants Expressway's last 12 month revenue growth is 2%
Merchants Expressway's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $20K for the same period.
Merchants Expressway's rule of 40 is 118% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Merchants Expressway's rule of X is 95% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Merchants Expressway and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 90% | XXX | 97% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | 0% | XXX | XXX | XXX |
| Rule of 40 | 118% | XXX | 99% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 95% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $20K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 7% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ferrovial | XXX | XXX | XXX | XXX | XXX | XXX |
| Atlas Arteria | XXX | XXX | XXX | XXX | XXX | XXX |
| Smart Parking | XXX | XXX | XXX | XXX | XXX | XXX |
| Transurban Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Ventia | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Merchants Expressway acquired XXX companies to date.
Last acquisition by Merchants Expressway was XXXXXXXX, XXXXX XXXXX XXXXXX . Merchants Expressway acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Merchants Expressway founded? | Merchants Expressway was founded in 1993. |
| Where is Merchants Expressway headquartered? | Merchants Expressway is headquartered in China. |
| How many employees does Merchants Expressway have? | As of today, Merchants Expressway has 6.4K+ employees. |
| Is Merchants Expressway publicy listed? | Yes, Merchants Expressway is a public company listed on SHE. |
| What is the stock symbol of Merchants Expressway? | Merchants Expressway trades under 001965 ticker. |
| When did Merchants Expressway go public? | Merchants Expressway went public in 2017. |
| Who are competitors of Merchants Expressway? | Similar companies to Merchants Expressway include e.g. Ferrovial, Atlas Arteria, Smart Parking, Transurban Group. |
| What is the current market cap of Merchants Expressway? | Merchants Expressway's current market cap is $10.0B |
| What is the current revenue of Merchants Expressway? | Merchants Expressway's last 12 months revenue is $1.8B. |
| What is the current revenue growth of Merchants Expressway? | Merchants Expressway revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Merchants Expressway? | Current revenue multiple of Merchants Expressway is 9.3x. |
| Is Merchants Expressway profitable? | Yes, Merchants Expressway is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Merchants Expressway? | Merchants Expressway's last 12 months EBITDA is $1.6B. |
| What is Merchants Expressway's EBITDA margin? | Merchants Expressway's last 12 months EBITDA margin is 90%. |
| What is the current EV/EBITDA multiple of Merchants Expressway? | Current EBITDA multiple of Merchants Expressway is 10.3x. |
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