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China Telecom Corporation Limited 601728.SS

CN · Shanghai Stock Exchange · XSHG · stock · Communication Services · website

China Telecom Corporation Limited statistics & valuation

Market capCN¥601.2B
P / E18.1×
P / S1.1×
P / B1.3×
P / FCF11.6×
Net margin6.3%
FCF margin9.8%
Net cashCN¥12.1B
Enterprise value USD$73.8B
Earnings yield EBIT/EV6.7%
Return on capital7.3%
Graham number +5.5%CN¥6.93

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥6.93); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.70% 5.90% 6.20% 6.30% 2022202320242025
Gross margin (%)
58.40% 58.10% 58.20% 59.20% 2022202320242025
Operating margin (%)
6.90% 7.20% 7.50% 7.50% 2022202320242025
Return on equity (%)
6.40% 6.90% 7.30% 7.20% 2022202320242025
Shares outstanding
77.63B 77.63B 77.63B 77.63B 2022202320242025
Net debt (CN¥)
CN¥4.92B -CN¥15.86B -CN¥21.46B -CN¥12.08B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
3.40% 3.60% 3.80% 3.80% 2022202320242025
Free cash flow margin (%)
9.30% 9.20% 10.30% 9.80% 2022202320242025
Debt / equity (×)
0.18× 0.15× 0.13× 0.11× 2022202320242025
EPS (CN¥)
CN¥0.30 CN¥0.33 CN¥0.36 CN¥0.36 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

China Telecom Corporation Limited trades at about 18.2× earnings — near its 10-year norm (10-year range 16.7×–19.6×, median 17.4×).

16.7× 19.6×

Shaded band = 10-year range (16.7×–19.6×); dot = today's 18.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin59.2%58.2%58.1%58.4%
Operating margin7.5%7.5%7.2%6.9%
Net margin6.3%6.2%5.9%5.7%
FCF margin9.8%10.3%9.2%9.3%
Return on assets3.8%3.8%3.6%3.4%
Return on equity7.2%7.3%6.9%6.4%
Debt / equity0.01×0.02×0.01×0.01×
Current ratio0.640.580.550.50

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.