FangDa Carbon New MaterialLtd Valuation

Q: What is the Fair Price of FDCB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FDCB ($8.65) is trading below our estimate of [[fair value]] ($15.13)

Is FDCB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FDCB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FDCB ($8.65) is trading below our estimate of fair value ($15.13)

Significantly Below Fair Value: FDCB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FDCB?

Key metric: As FDCB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FDCB. This is calculated by dividing FDCB's market cap by their current earnings.
What is FDCB's PE Ratio?
PE Ratio	68.7x
Earnings	CN¥288.55m
Market Cap	CN¥19.83b

FDCB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.5x
Enterprise Value/EBITDA	27.4x
PEG Ratio	2.1x

Price to Earnings Ratio vs Peers

How does FDCB's PE Ratio compare to its peers?

The above table shows the PE ratio for FDCB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	20.8x
HUBN Huber+Suhner	22.1x	14.9%	CHF 1.3b
PMN Phoenix Mecano	11x	6.0%	CHF 432.6m
ROL Von Roll Holding	42.3x	n/a	CHF 287.3m
GAV Carlo Gavazzi Holding	7.8x	n/a	CHF 145.0m
FDCB FangDa Carbon New MaterialLtd	68.7x	32.9%	US$19.8b

Price-To-Earnings vs Peers: FDCB is expensive based on its Price-To-Earnings Ratio (68.7x) compared to the peer average (20.8x).

Price to Earnings Ratio vs Industry

How does FDCB's PE Ratio compare vs other companies in the European Electrical Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: FDCB is expensive based on its Price-To-Earnings Ratio (68.7x) compared to the European Electrical industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is FDCB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FDCB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	68.7x
Fair PE Ratio	30.1x

Price-To-Earnings vs Fair Ratio: FDCB is expensive based on its Price-To-Earnings Ratio (68.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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