China Communications Construction Co Ltd (601800) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of China Communications Construction Co Ltd stock ¥14.83, price ¥6.22, upside +138.4%, quality 34 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range ¥5.47 – ¥11.51 · fair‑value band ¥11.77 – ¥15.72 · the ¥6.22 price screens below the ¥14.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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China Communications Construction Company Limited, together with its subsidiaries, provides integrated services for large-scale infrastructure projects in Mainland China, Australia, Hong Kong, Africa, the Middle East, and Southeast Asia.
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It operates through four segments: Construction, Design, Dredging, and Others. The company engages in infrastructure construction, infrastructure design, and dredging activities.
It is also involved in the investment, design, construction, operation, and management of projects related to ports, waterways, roads and bridges, railways, urban rail transit, municipal infrastructure, land reclamation, watershed management, water conservancy, construction, and environmental protection projects.
The company was incorporated in 2006 and is based in Beijing, China. China Communications Construction Company Limited operates as a subsidiary of China Communications Construction Group (Ltd.).
Stock analysis
China Communications Construction Co Ltd (601800) currently trades at ¥6.22, while our model-based Fair Value estimate is ¥14.83, implying the stock looks roughly 58% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥17.34 per share, and 8 of the 12 models we run sit above the ¥6.22 price.
Bear case: the Asset-Based group reads lowest at ¥3.41, and 4 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥11.77 (bear) to ¥15.72 (bull), the price of ¥6.22 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
China Communications Construction Co Ltd reported revenue of 727B CNY in FY2025 versus 686B CNY in FY2021, a compound +1.5%/yr. Reported net income was 15.0B CNY in FY2025, compounding −4.5%/yr from FY2021.
Key figures
Market cap 101B CNY (≈ $15.2B) Large · P/E ratio 8.3 · P/S ratio 0.20 · EPS (TTM) ¥0.7300 · Dividend yield 1.2% · Net margin 1.7% · Return on equity 3.6% · Return on assets (EBIT) 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at 138%, 601800 screens cheaper than that median.
Fair Value models
Bear¥11.77Fair Value ¥14.83Bull¥15.72
Price ¥6.22 · Upside +138.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.5546 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.18/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
Start year 2020 (pandemic). Over 10 years: +6.0% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+4.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.6%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.7% vs −0.5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 4%
News mood ⓘNews mood, the average tone of recent news (17 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: Overseas contract momentum forms the main strength for this engineering firm while negative free cash flow together with elevated debt marks its central weakness.
Main risk: State-owned peers such as China State Construction Engineering, China Railway Engineering and China Railway Construction Corporation bid directly against CCCC on domestic and overseas projects, which could reduce contract wins or compress margins.
Bull case: By leveraging its own AI tools like BlueWing-LLM and expanding smart infrastructure services, CCCC could differentiate offerings and capture more long-term operations revenue from clients seeking full lifecycle solutions.
Bear case: If domestic peers and international contractors consistently secure major contracts through specialization or financing advantages, CCCC could lose significant market share in core engineering and construction segments over the coming years.
China Communications Construction secured new contracts worth 519 billion yuan in the first nine months of 2026, with overseas work accounting for a meaningful share. This follows a 24 percent profit drop in the first half amid domestic market contraction. Our models see the shares as undervalued, but will international growth offset the pressures at home?
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Peer Groupⓘ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.Engineering & Construction · 789 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside+138.4% · Top 25%
Profitability
Return on equity (12 months)3.6% · Below median
Return on assets1.0% · Below median
Net margin (12 months)2.4% · Below median
Operating margin (12 months)3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−2.8% · Below median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity1.56× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "China Communications Construction Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601800
Frequently asked questions
Is China Communications Construction Co Ltd (601800) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of ¥14.83 versus a price of ¥6.22, about +138% upside (undervalued).
What is the fair value of 601800?
Our model-based fair value for China Communications Construction Co Ltd is ¥14.83 (as of Nov 3, 2026), built from audited fundamentals. The current price: ¥6.22.
What is the quality score of 601800?
China Communications Construction Co Ltd has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for China Communications Construction Co Ltd (601800)?
Our model-based price target is the fair value of ¥14.83 (as of Nov 3, 2026) from 13 valuation models. Cautious scenario ¥11.77, optimistic scenario ¥15.72. It is a calculation from audited fundamentals, not an analyst target.
What is the China Communications Construction Co Ltd stock forecast for 2026?
Our models put fair value at ¥14.83, about +138% upside versus a price of ¥6.22 (undervalued). Cautious scenario ¥11.77, optimistic scenario ¥15.72. The calculation is refreshed regularly with new filings.
What is the revenue of China Communications Construction Co Ltd (601800)?
China Communications Construction Co Ltd reported trailing-twelve-month revenue of about 727B CNY (latest available figure, as of Nov 3, 2026).
Does China Communications Construction Co Ltd pay a dividend?
China Communications Construction Co Ltd currently shows a dividend yield of 1.24% relative to its recent price (as of Nov 3, 2026).
What is the intrinsic value of China Communications Construction Co Ltd (601800)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Communications Construction Co Ltd it is ¥14.83 per share (as of Nov 3, 2026), against a price of ¥6.22. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is China Communications Construction Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 601800 trades below its calculated fair value: price ¥6.22, fair value ¥14.83, a gap of about +138% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 601800?
No. The price is what the market pays today (¥6.22); the fair value is what the company's own numbers justify (¥14.83). For China Communications Construction Co Ltd the two are ¥8.61 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Communications Construction Co Ltd worth?
The market values China Communications Construction Co Ltd at about 101B CNY (market capitalisation, as of Nov 3, 2026). Per share that is ¥6.22; our models calculate a fair value of ¥14.83 per share.
What do the bullish and bearish scenarios say about 601800?
Our models span a range for China Communications Construction Co Ltd: cautious scenario ¥11.77, base ¥14.83, optimistic ¥15.72 per share (as of Nov 3, 2026, price ¥6.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601800?
China Communications Construction Co Ltd trades at a price-to-earnings ratio of 8.3 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥14.83 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 7.6. Other multiples: PEG 1.9, P/B 0.3, P/S 0.2, EV/EBITDA 15.2.
What is the PEG ratio of 601800?
The PEG ratio of China Communications Construction Co Ltd is 1.90 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of China Communications Construction Co Ltd (601800)?
Balance-sheet figures for China Communications Construction Co Ltd (as of Nov 3, 2026): return on equity 3.6%, debt of 1.56 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 601800 from its 52-week high?
China Communications Construction Co Ltd trades at ¥6.22, about 29% below its 52-week high of ¥8.76 and 9% above the low of ¥5.71 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥14.83 is for.
Which stocks are comparable to China Communications Construction Co Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is China Communications Construction Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price ¥6.22, calculated fair value ¥14.83 (+138%), Quality Score 34/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 601800 calculated?
We run China Communications Construction Co Ltd through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥14.83, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. China Communications Construction Co Ltd currently trades 58% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of China Communications Construction Co Ltd (601800)?
The closing price on Nov 5, 2026 was ¥6.22. Our model-based fair value is ¥14.83, about +138% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Communications Construction Co Ltd right now?
The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (¥11.77). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of China Communications Construction Co Ltd (601800) come from?
Earnings per share at China Communications Construction Co Ltd grew +5.3 % a year from 2013 to 2024. Broken into its drivers: revenue per share +8.3 %, EBIT margin +0.1 %, tax rate −0.1 %, residual (interest, one-offs) −2.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of China Communications Construction Co Ltd
How large is the market capitalisation of China Communications Construction Co Ltd (601800)?
The market capitalisation of China Communications Construction Co Ltd is 101B CNY (≈ $15.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of China Communications Construction Co Ltd (601800)?
The price-to-sales ratio of China Communications Construction Co Ltd is 0.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of China Communications Construction Co Ltd (601800)?
Earnings per share at China Communications Construction Co Ltd are ¥0.7300 (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of China Communications Construction Co Ltd (601800)?
The dividend yield of China Communications Construction Co Ltd is 1.2% (payout 10.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of China Communications Construction Co Ltd (601800)?
The net margin of China Communications Construction Co Ltd is 1.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of China Communications Construction Co Ltd (601800)?
The return on equity (ROE) of China Communications Construction Co Ltd is 3.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of China Communications Construction Co Ltd (601800)?
On an EBIT basis the return on assets of China Communications Construction Co Ltd is 2.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of China Communications Construction Co Ltd (601800)?
The operating margin of China Communications Construction Co Ltd is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Communications Construction Co Ltd (601800)?
Revenue at China Communications Construction Co Ltd is growing −2.8% versus a year earlier (3y avg +0.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at China Communications Construction Co Ltd (601800)?
Earnings per share at China Communications Construction Co Ltd are growing −18.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does China Communications Construction Co Ltd (601800) generate?
The free cash flow of China Communications Construction Co Ltd is −21.5B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does China Communications Construction Co Ltd (601800) carry?
The net debt of China Communications Construction Co Ltd is 566B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 3, 2026