Ningbo Joyson Electronic Corp.

SHSE:600699 Stock Report

Market Cap: CN¥22.2b

Ningbo Joyson Electronic Valuation

Is 600699 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 600699 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600699 (CN¥15.56) is trading above our estimate of fair value (CN¥0.54)

Significantly Below Fair Value: 600699 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600699?

Key metric: As 600699 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600699. This is calculated by dividing 600699's market cap by their current earnings.
What is 600699's PE Ratio?
PE Ratio17.4x
EarningsCN¥1.25b
Market CapCN¥22.17b

Price to Earnings Ratio vs Peers

How does 600699's PE Ratio compare to its peers?

The above table shows the PE ratio for 600699 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.4x
688819 Tianneng Battery Group
13.4x18.9%CN¥28.3b
000559 Wanxiang QianchaoLtd
22.5xn/aCN¥21.2b
002472 Zhejiang Shuanghuan DrivelineLtd
23.4x19.9%CN¥23.3b
002611 Guangdong Dongfang Precision Science & Technology
34.2xn/aCN¥18.7b
600699 Ningbo Joyson Electronic
17.4x18.0%CN¥22.2b

Price-To-Earnings vs Peers: 600699 is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

How does 600699'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
600699 17.4xIndustry Avg. 30.8xNo. of Companies26PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600699 is good value based on its Price-To-Earnings Ratio (17.4x) compared to the CN Auto Components industry average (30.8x).

Price to Earnings Ratio vs Fair Ratio

What is 600699'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.

600699 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.4x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: 600699 is good value based on its Price-To-Earnings Ratio (17.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

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 600699 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥15.56
CN¥20.35
+30.8%
18.1%CN¥30.00CN¥14.50n/a15
Nov ’25CN¥16.11
CN¥20.76
+28.9%
15.6%CN¥30.00CN¥16.00n/a16
Oct ’25CN¥17.25
CN¥20.04
+16.2%
13.8%CN¥26.00CN¥15.00n/a15
Sep ’25CN¥14.34
CN¥20.60
+43.7%
13.6%CN¥26.00CN¥15.00n/a16
Aug ’25CN¥15.33
CN¥22.13
+44.3%
11.0%CN¥27.00CN¥17.80n/a16
Jul ’25CN¥14.94
CN¥22.13
+48.1%
11.0%CN¥27.00CN¥17.80n/a16
Jun ’25CN¥15.71
CN¥22.27
+41.8%
11.0%CN¥27.00CN¥17.80n/a15
May ’25CN¥17.63
CN¥22.00
+24.8%
10.5%CN¥27.00CN¥17.80n/a14
Apr ’25CN¥17.59
CN¥21.37
+21.5%
12.9%CN¥26.00CN¥15.00n/a14
Mar ’25CN¥16.74
CN¥21.58
+28.9%
14.4%CN¥26.00CN¥15.00n/a13
Feb ’25CN¥14.45
CN¥21.58
+49.3%
14.4%CN¥26.00CN¥15.00n/a13
Jan ’25CN¥17.96
CN¥21.81
+21.4%
14.2%CN¥26.00CN¥15.00n/a13
Dec ’24CN¥19.44
CN¥21.81
+12.2%
14.2%CN¥26.00CN¥15.00n/a13
Nov ’24CN¥18.95
CN¥21.81
+15.1%
14.2%CN¥26.00CN¥15.00CN¥16.1113
Oct ’24CN¥17.41
CN¥21.14
+21.4%
13.0%CN¥24.50CN¥15.00CN¥17.2513
Sep ’24CN¥18.35
CN¥21.17
+15.4%
12.6%CN¥24.50CN¥15.00CN¥14.3414
Aug ’24CN¥18.62
CN¥20.55
+10.3%
16.3%CN¥25.00CN¥14.00CN¥15.3313
Jul ’24CN¥17.64
CN¥17.70
+0.3%
17.3%CN¥22.00CN¥13.60CN¥14.9413
Jun ’24CN¥15.55
CN¥17.63
+13.4%
28.4%CN¥30.47CN¥9.00CN¥15.7114
May ’24CN¥15.40
CN¥17.34
+12.6%
30.4%CN¥30.47CN¥9.00CN¥17.6314
Apr ’24CN¥15.23
CN¥17.32
+13.7%
32.7%CN¥30.47CN¥9.00CN¥17.5914
Mar ’24CN¥15.78
CN¥17.33
+9.8%
33.8%CN¥30.47CN¥9.00CN¥16.7413
Feb ’24CN¥16.35
CN¥17.17
+5.0%
33.8%CN¥30.47CN¥9.00CN¥14.4513
Jan ’24CN¥14.05
CN¥17.17
+22.2%
33.8%CN¥30.47CN¥9.00CN¥17.9613
Dec ’23CN¥14.95
CN¥17.35
+16.1%
34.7%CN¥30.47CN¥9.00CN¥19.4413
Nov ’23CN¥15.85
CN¥15.97
+0.7%
29.7%CN¥25.70CN¥9.00CN¥18.9514

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

IKD

CN¥16.0b

Researches, develops, produces, and sells automotive aluminum alloy precision die castings in the United States, Europe, and Asia.

600933

CN¥15.54

7D

0.8%

1Y

-33.3%

Sailun Group

CN¥44.7b

Engages in the research and development, production, sale, and servicing of tires in China, Europe, the United States, Asia, and Africa.

601058

CN¥14.18

7D

-2.4%

1Y

23.2%

Sailun Group

CN¥44.7b

Engages in the research and development, production, sale, and servicing of tires in China, Europe, the United States, Asia, and Africa.

601058

CN¥14.18

7D

-2.4%

1Y

23.2%