Fuyao Glass Industry Group Co., Ltd.

SHSE:600660 Stock Report

Market Cap: CN¥150.8b

Fuyao Glass Industry Group Valuation

Is 600660 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 600660 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600660 (CN¥60.18) is trading below our estimate of fair value (CN¥106.59)

Significantly Below Fair Value: 600660 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600660?

Key metric: As 600660 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600660. This is calculated by dividing 600660's market cap by their current earnings.
What is 600660's PE Ratio?
PE Ratio22.5x
EarningsCN¥6.98b
Market CapCN¥150.83b

Price to Earnings Ratio vs Peers

How does 600660's PE Ratio compare to its peers?

The above table shows the PE ratio for 600660 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25x
601689 Ningbo Tuopu GroupLtd
30.4x23.3%CN¥83.3b
600741 HUAYU Automotive Systems
8x-2.8%CN¥55.3b
002920 Huizhou Desay SV Automotive
31.8x21.1%CN¥61.2b
601799 Changzhou Xingyu Automotive Lighting SystemsLtd
29.8x26.3%CN¥38.4b
600660 Fuyao Glass Industry Group
22.5x16.1%CN¥150.8b

Price-To-Earnings vs Peers: 600660 is good value based on its Price-To-Earnings Ratio (22.5x) compared to the peer average (25x).

Price to Earnings Ratio vs Industry

How does 600660's PE Ratio compare vs other companies in the CN Auto Components Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002684 Dynavolt Renewable Energy Technology (Henan)
0.6xn/aUS$58.50m
No more companies available in this PE range
600660 22.5xIndustry Avg. 30.3xNo. of Companies28PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600660 is good value based on its Price-To-Earnings Ratio (22.5x) compared to the CN Auto Components industry average (30.3x).

Price to Earnings Ratio vs Fair Ratio

What is 600660'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.

600660 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.5x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: 600660 is expensive based on its Price-To-Earnings Ratio (22.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

Analyst Price Targets

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

The above table shows the analyst 600660 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥60.18
CN¥66.77
+10.9%
11.6%CN¥82.60CN¥49.50n/a15
Dec ’25CN¥56.00
CN¥66.91
+19.5%
11.3%CN¥82.60CN¥49.50n/a16
Nov ’25CN¥56.96
CN¥66.82
+17.3%
12.7%CN¥82.60CN¥44.00n/a16
Oct ’25CN¥58.20
CN¥58.63
+0.7%
11.8%CN¥72.00CN¥44.00n/a17
Sep ’25CN¥47.89
CN¥57.80
+20.7%
10.7%CN¥71.20CN¥44.00n/a16
Aug ’25CN¥43.15
CN¥55.94
+29.6%
10.9%CN¥70.10CN¥43.80n/a16
Jul ’25CN¥47.74
CN¥56.36
+18.1%
10.2%CN¥70.00CN¥43.80n/a16
Jun ’25CN¥46.24
CN¥56.12
+21.4%
11.2%CN¥70.00CN¥40.00n/a16
May ’25CN¥49.83
CN¥55.51
+11.4%
12.0%CN¥70.00CN¥40.00n/a16
Apr ’25CN¥44.80
CN¥51.87
+15.8%
15.5%CN¥70.10CN¥36.00n/a16
Mar ’25CN¥43.38
CN¥48.47
+11.7%
18.2%CN¥72.30CN¥31.00n/a16
Feb ’25CN¥38.96
CN¥48.47
+24.4%
18.2%CN¥72.30CN¥31.00n/a16
Jan ’25CN¥37.39
CN¥48.71
+30.3%
16.2%CN¥72.30CN¥40.00n/a15
Dec ’24CN¥37.44
CN¥48.30
+29.0%
17.4%CN¥72.30CN¥35.90CN¥56.0015
Nov ’24CN¥37.00
CN¥48.30
+30.5%
17.4%CN¥72.30CN¥35.90CN¥56.9615
Oct ’24CN¥36.92
CN¥47.11
+27.6%
18.4%CN¥72.30CN¥35.00CN¥58.2014
Sep ’24CN¥38.13
CN¥46.29
+21.4%
19.2%CN¥72.30CN¥35.00CN¥47.8915
Aug ’24CN¥37.59
CN¥44.02
+17.1%
21.6%CN¥72.30CN¥31.00CN¥43.1516
Jul ’24CN¥35.85
CN¥42.89
+19.6%
24.4%CN¥72.30CN¥25.90CN¥47.7416
Jun ’24CN¥32.28
CN¥42.89
+32.9%
25.2%CN¥72.30CN¥25.90CN¥46.2415
May ’24CN¥33.95
CN¥42.51
+25.2%
25.2%CN¥72.30CN¥25.90CN¥49.8315
Apr ’24CN¥34.76
CN¥44.11
+26.9%
25.6%CN¥75.20CN¥25.90CN¥44.8016
Mar ’24CN¥37.42
CN¥44.65
+19.3%
29.3%CN¥75.00CN¥23.80CN¥43.3814
Feb ’24CN¥39.10
CN¥44.65
+14.2%
29.3%CN¥75.00CN¥23.80CN¥38.9614
Jan ’24CN¥35.07
CN¥45.48
+29.7%
27.2%CN¥75.00CN¥24.40CN¥37.3914
Dec ’23CN¥37.45
CN¥45.48
+21.4%
27.2%CN¥75.00CN¥24.40CN¥37.4414

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 08:46
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fuyao Glass Industry Group Co., Ltd. is covered by 57 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Victoria LiBNP Paribas Securities (Asia)
Jia LouBOCI Research Ltd.
Yu Jie LoBofA Global Research