Triangle Tyre Co.,Ltd

SHSE:601163 Stock Report

Market Cap: CN¥12.3b

Triangle TyreLtd Valuation

Is 601163 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 601163 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601163 (CN¥15.33) is trading below our estimate of fair value (CN¥21.43)

Significantly Below Fair Value: 601163 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601163?

Key metric: As 601163 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601163. This is calculated by dividing 601163's market cap by their current earnings.
What is 601163's PE Ratio?
PE Ratio10x
EarningsCN¥1.22b
Market CapCN¥12.26b

Price to Earnings Ratio vs Peers

How does 601163's PE Ratio compare to its peers?

The above table shows the PE ratio for 601163 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.9x
601500 Jiangsu General Science Technology
18.7x47.1%CN¥8.2b
000887 Anhui Zhongding Sealing Parts
13.3x18.9%CN¥17.3b
000589 Guizhou TyreLtd
10.2x24.2%CN¥7.8b
601966 Shandong Linglong TyreLtd
13.5x17.8%CN¥28.8b
601163 Triangle TyreLtd
10x13.7%CN¥12.3b

Price-To-Earnings vs Peers: 601163 is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (13.9x).

Price to Earnings Ratio vs Industry

How does 601163'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
601163 10.0xIndustry Avg. 31.6xNo. of Companies26PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601163 is good value based on its Price-To-Earnings Ratio (10x) compared to the CN Auto Components industry average (31.6x).

Price to Earnings Ratio vs Fair Ratio

What is 601163'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.

601163 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10x
Fair PE Ratio15.8x

Price-To-Earnings vs Fair Ratio: 601163 is good value based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

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 601163 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥15.33
CN¥20.54
+34.0%
7.5%CN¥22.08CN¥19.00n/a2
Nov ’25CN¥14.28
CN¥20.54
+43.8%
7.5%CN¥22.08CN¥19.00n/a2
Oct ’25CN¥15.96
CN¥20.54
+28.7%
7.5%CN¥22.08CN¥19.00n/a2
Sep ’25CN¥13.88
CN¥20.54
+48.0%
7.5%CN¥22.08CN¥19.00n/a2
Aug ’25CN¥15.06
CN¥20.54
+36.4%
7.5%CN¥22.08CN¥19.00n/a2
Jul ’25CN¥15.42
CN¥20.54
+33.2%
7.5%CN¥22.08CN¥19.00n/a2
Jun ’25CN¥16.24
CN¥20.54
+26.5%
7.5%CN¥22.08CN¥19.00n/a2
May ’25CN¥17.19
CN¥18.69
+8.7%
1.7%CN¥19.00CN¥18.38n/a2
Apr ’25CN¥16.50
CN¥18.69
+13.3%
1.7%CN¥19.00CN¥18.38n/a2
Mar ’25CN¥16.07
CN¥18.69
+16.3%
1.7%CN¥19.00CN¥18.38n/a2
Feb ’25CN¥14.02
CN¥18.69
+33.3%
1.7%CN¥19.00CN¥18.38n/a2
Jan ’25CN¥14.41
CN¥18.69
+29.7%
1.7%CN¥19.00CN¥18.38n/a2
Dec ’24CN¥14.71
CN¥18.69
+27.1%
1.7%CN¥19.00CN¥18.38n/a2
Nov ’24CN¥14.96
CN¥18.69
+24.9%
1.7%CN¥19.00CN¥18.38CN¥14.282
Oct ’24CN¥15.14
CN¥19.84
+31.0%
4.2%CN¥20.67CN¥19.00CN¥15.962
Sep ’24CN¥15.45
CN¥19.84
+28.4%
4.2%CN¥20.67CN¥19.00CN¥13.882
Aug ’24CN¥16.35
CN¥18.84
+15.2%
9.7%CN¥20.67CN¥17.00CN¥15.062
Jul ’24CN¥15.87
CN¥19.11
+20.4%
11.0%CN¥21.21CN¥17.00CN¥15.422
Jun ’24CN¥14.92
CN¥19.11
+28.0%
11.0%CN¥21.21CN¥17.00CN¥16.242

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

Anhui Zhongding Sealing Parts

CN¥17.3b

Manufactures and sells hydraulic and pneumatic seals, and non-tire rubber products in China.

887

CN¥13.16

7D

-2.4%

1Y

-0.5%

IKD

CN¥15.7b

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

600933

CN¥16.10

7D

2.2%

1Y

-29.8%

Sailun Group

CN¥45.7b

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

601058

CN¥14.48

7D

-2.0%

1Y

25.0%