Ningbo Jifeng Auto Parts Co., Ltd.

SHSE:603997 Stock Report

Market Cap: CN¥15.9b

Ningbo Jifeng Auto Parts Valuation

Is 603997 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 603997 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603997 (CN¥12.58) is trading below our estimate of fair value (CN¥31.2)

Significantly Below Fair Value: 603997 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603997?

Key metric: As 603997 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603997. This is calculated by dividing 603997's market cap by their current revenue.
What is 603997's PS Ratio?
PS Ratio0.7x
SalesCN¥22.54b
Market CapCN¥15.88b

Price to Sales Ratio vs Peers

How does 603997's PS Ratio compare to its peers?

The above table shows the PS ratio for 603997 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.4x
000981 Sensteed Hi-Tech Group
3.2xn/aCN¥16.3b
603730 Shanghai Daimay Automotive Interior
2.4x19.7%CN¥14.9b
002611 Guangdong Dongfang Precision Science & Technology
2.9xn/aCN¥13.9b
002126 Zhejiang Yinlun MachineryLtd
1.2x18.8%CN¥14.8b
603997 Ningbo Jifeng Auto Parts
0.7x17.0%CN¥15.9b

Price-To-Sales vs Peers: 603997 is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

How does 603997's PS Ratio compare vs other companies in the CN Auto Components Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
600741 HUAYU Automotive Systems
0.3x6.0%US$7.37b
600699 Ningbo Joyson Electronic
0.4x7.6%US$3.04b
600742 Changchun FAWAY Automobile ComponentsLtd
0.4xn/aUS$967.69m
002684 Dynavolt Renewable Energy Technology (Henan)
0.4xn/aUS$58.50m
603997 0.7xIndustry Avg. 2.3xNo. of Companies26PS01.63.24.86.48+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 603997 is good value based on its Price-To-Sales Ratio (0.7x) compared to the CN Auto Components industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 603997's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

603997 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: 603997 is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

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 603997 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥12.58
CN¥16.16
+28.4%
9.7%CN¥18.77CN¥14.40n/a5
Nov ’25CN¥13.30
CN¥15.87
+19.4%
11.1%CN¥18.77CN¥14.20n/a5
Oct ’25CN¥13.70
CN¥14.61
+6.7%
2.7%CN¥15.16CN¥14.20n/a5
Sep ’25CN¥11.28
CN¥15.02
+33.2%
5.5%CN¥16.39CN¥14.30n/a4
Aug ’25CN¥11.21
CN¥15.23
+35.8%
4.1%CN¥16.11CN¥14.40n/a4
Jul ’25CN¥10.35
CN¥15.84
+53.0%
2.0%CN¥16.11CN¥15.40n/a3
Jun ’25CN¥11.57
CN¥15.84
+36.9%
2.0%CN¥16.11CN¥15.40n/a3
May ’25CN¥13.27
CN¥14.46
+8.9%
12.3%CN¥16.00CN¥11.97n/a3
Apr ’25CN¥13.06
CN¥15.52
+18.9%
17.6%CN¥18.60CN¥11.97n/a3
Mar ’25CN¥12.89
CN¥15.52
+20.4%
17.6%CN¥18.60CN¥11.97n/a3
Feb ’25CN¥10.58
CN¥15.52
+46.7%
17.6%CN¥18.60CN¥11.97n/a3
Jan ’25CN¥13.47
CN¥17.08
+26.8%
6.3%CN¥18.15CN¥16.00n/a2
Dec ’24CN¥13.90
CN¥17.08
+22.8%
6.3%CN¥18.15CN¥16.00n/a2
Oct ’24CN¥14.74
CN¥16.90
+14.7%
5.3%CN¥17.80CN¥16.00CN¥13.702
Sep ’24CN¥14.77
CN¥16.90
+14.4%
5.3%CN¥17.80CN¥16.00CN¥11.282
Aug ’24CN¥15.86
CN¥16.90
+6.6%
5.3%CN¥17.80CN¥16.00CN¥11.212
Jul ’24CN¥14.30
CN¥16.90
+18.2%
5.3%CN¥17.80CN¥16.00CN¥10.352
Jun ’24CN¥14.10
CN¥16.90
+19.9%
5.3%CN¥17.80CN¥16.00CN¥11.572
May ’24CN¥12.77
CN¥16.35
+28.0%
13.4%CN¥18.00CN¥13.25CN¥13.273
Apr ’24CN¥14.93
CN¥16.35
+9.5%
13.4%CN¥18.00CN¥13.25CN¥13.063
Mar ’24CN¥14.30
CN¥16.90
+18.2%
12.6%CN¥18.54CN¥13.25CN¥12.894
Feb ’24CN¥16.50
CN¥16.40
-0.6%
12.4%CN¥18.54CN¥13.25CN¥10.584
Jan ’24CN¥15.28
CN¥16.40
+7.3%
12.4%CN¥18.54CN¥13.25CN¥13.474
Dec ’23CN¥13.36
CN¥16.40
+22.7%
12.4%CN¥18.54CN¥13.25CN¥13.904
Nov ’23CN¥12.10
CN¥16.53
+36.6%
14.1%CN¥18.54CN¥13.25CN¥14.663

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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