Ningbo Tuopu Group Co.,Ltd.

SHSE:601689 Stock Report

Market Cap: CN¥82.6b

Ningbo Tuopu GroupLtd Valuation

Is 601689 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 601689 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601689 (CN¥49) is trading above our estimate of fair value (CN¥24.74)

Significantly Below Fair Value: 601689 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601689?

Key metric: As 601689 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601689. This is calculated by dividing 601689's market cap by their current earnings.
What is 601689's PE Ratio?
PE Ratio29.6x
EarningsCN¥2.79b
Market CapCN¥82.62b

Price to Earnings Ratio vs Peers

How does 601689's PE Ratio compare to its peers?

The above table shows the PE ratio for 601689 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.8x
002920 Huizhou Desay SV Automotive
30.7x21.1%CN¥61.1b
600660 Fuyao Glass Industry Group
23.3x16.1%CN¥156.9b
600741 HUAYU Automotive Systems
8x-2.4%CN¥55.5b
601799 Changzhou Xingyu Automotive Lighting SystemsLtd
29.4x25.9%CN¥38.1b
601689 Ningbo Tuopu GroupLtd
29.6x23.3%CN¥82.6b

Price-To-Earnings vs Peers: 601689 is expensive based on its Price-To-Earnings Ratio (29.6x) compared to the peer average (22.8x).

Price to Earnings Ratio vs Industry

How does 601689'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
601689 29.6xIndustry Avg. 31.4xNo. of Companies26PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601689 is good value based on its Price-To-Earnings Ratio (29.6x) compared to the CN Auto Components industry average (31.4x).

Price to Earnings Ratio vs Fair Ratio

What is 601689'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.

601689 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.6x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: 601689 is expensive based on its Price-To-Earnings Ratio (29.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).

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 601689 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥49.00
CN¥57.67
+17.7%
11.7%CN¥72.50CN¥45.00n/a14
Dec ’25CN¥52.30
CN¥57.67
+10.3%
11.7%CN¥72.50CN¥45.00n/a14
Nov ’25CN¥42.91
CN¥56.53
+31.7%
9.9%CN¥65.70CN¥45.00n/a13
Oct ’25CN¥46.26
CN¥50.42
+9.0%
11.2%CN¥60.00CN¥40.32n/a13
Sep ’25CN¥33.66
CN¥50.53
+50.1%
12.0%CN¥60.00CN¥40.32n/a12
Aug ’25CN¥36.19
CN¥53.15
+46.9%
10.9%CN¥60.00CN¥42.76n/a12
Jul ’25CN¥36.76
CN¥54.12
+47.2%
9.3%CN¥59.31CN¥42.76n/a11
Jun ’25CN¥39.72
CN¥54.12
+36.3%
9.3%CN¥59.31CN¥42.76n/a11
May ’25CN¥43.39
CN¥52.93
+22.0%
9.6%CN¥59.31CN¥42.76n/a11
Apr ’25CN¥43.85
CN¥53.96
+23.1%
19.8%CN¥72.41CN¥31.03n/a11
Mar ’25CN¥40.30
CN¥54.67
+35.7%
19.0%CN¥72.41CN¥31.03n/a12
Feb ’25CN¥34.12
CN¥55.24
+61.9%
18.8%CN¥72.41CN¥31.03n/a12
Jan ’25CN¥50.69
CN¥58.44
+15.3%
11.9%CN¥72.41CN¥46.90n/a12
Dec ’24CN¥49.97
CN¥58.23
+16.5%
12.3%CN¥72.41CN¥46.90CN¥52.3011
Nov ’24CN¥44.90
CN¥58.23
+29.7%
12.3%CN¥72.41CN¥46.90CN¥42.9111
Oct ’24CN¥51.12
CN¥58.27
+14.0%
10.5%CN¥68.97CN¥46.90CN¥46.2610
Sep ’24CN¥53.30
CN¥56.83
+6.6%
12.3%CN¥68.97CN¥42.76CN¥33.6610
Aug ’24CN¥49.22
CN¥54.87
+11.5%
12.1%CN¥65.52CN¥42.76CN¥36.199
Jul ’24CN¥55.66
CN¥52.34
-5.9%
14.0%CN¥65.52CN¥42.76CN¥36.769
Jun ’24CN¥39.24
CN¥50.70
+29.2%
12.6%CN¥63.17CN¥42.76CN¥39.727
May ’24CN¥34.90
CN¥51.68
+48.1%
11.4%CN¥63.17CN¥42.76CN¥43.397
Apr ’24CN¥44.22
CN¥56.49
+27.7%
13.1%CN¥67.24CN¥42.76CN¥43.859
Mar ’24CN¥45.29
CN¥57.24
+26.4%
12.1%CN¥67.24CN¥42.76CN¥40.309
Feb ’24CN¥50.19
CN¥57.32
+14.2%
12.1%CN¥67.24CN¥42.76CN¥34.129
Jan ’24CN¥40.40
CN¥61.28
+51.7%
11.5%CN¥74.48CN¥51.72CN¥50.697
Dec ’23CN¥47.34
CN¥63.60
+34.3%
15.4%CN¥82.76CN¥51.72CN¥49.976

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 Analysis2024/12/31 22:10
End of Day Share Price 2024/12/31 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

Ningbo Tuopu Group Co.,Ltd. is covered by 36 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joey YangBofA Global Research
Siti Bte SalikinCFRA Equity Research
Fu YangChasing Securities