Ninebot Limited

SHSE:689009 Stock Report

Market Cap: CN¥34.1b

Ninebot Valuation

Is 689009 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 689009 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 689009 (CN¥47.54) is trading above our estimate of fair value (CN¥27.16)

Significantly Below Fair Value: 689009 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 689009?

Key metric: As 689009 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 689009. This is calculated by dividing 689009's market cap by their current earnings.
What is 689009's PE Ratio?
PE Ratio28.7x
EarningsCN¥1.19b
Market CapCN¥34.08b

Price to Earnings Ratio vs Peers

How does 689009's PE Ratio compare to its peers?

The above table shows the PE ratio for 689009 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.4x
603529 AIMA Technology Group
17.4x18.3%CN¥32.6b
603766 Loncin Motor
24x22.6%CN¥16.6b
000913 Zhejiang Qianjiang Motorcycle
17.6x24.0%CN¥9.2b
301345 Zhejiang Taotao Vehicles
18.5x21.0%CN¥7.0b
689009 Ninebot
28.7x27.6%CN¥34.1b

Price-To-Earnings vs Peers: 689009 is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (20.7x).

Price to Earnings Ratio vs Industry

How does 689009's PE Ratio compare vs other companies in the Asian Auto Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
689009 28.7xIndustry Avg. 17.8xNo. of Companies10PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 689009 is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the Asian Auto industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is 689009'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.

689009 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.7x
Fair PE Ratio24.6x

Price-To-Earnings vs Fair Ratio: 689009 is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).

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 689009 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥47.54
CN¥56.86
+19.6%
6.5%CN¥62.00CN¥51.74n/a7
Nov ’25CN¥45.57
CN¥53.51
+17.4%
15.2%CN¥62.00CN¥35.60n/a7
Oct ’25CN¥48.20
CN¥48.96
+1.6%
17.5%CN¥63.00CN¥35.60n/a7
Sep ’25CN¥44.70
CN¥48.96
+9.5%
17.5%CN¥63.00CN¥35.60n/a7
Aug ’25CN¥40.98
CN¥44.85
+9.4%
14.2%CN¥57.00CN¥35.60n/a7
Jul ’25CN¥37.42
CN¥44.33
+18.5%
15.2%CN¥57.00CN¥35.60n/a6
Jun ’25CN¥37.51
CN¥41.79
+11.4%
9.4%CN¥48.00CN¥35.60n/a5
May ’25CN¥37.21
CN¥40.00
+7.5%
6.4%CN¥42.00CN¥35.60n/a4
Apr ’25CN¥31.05
CN¥39.08
+25.9%
5.3%CN¥41.00CN¥36.00n/a4
Mar ’25CN¥30.28
CN¥38.18
+26.1%
5.6%CN¥41.00CN¥35.50n/a5
Feb ’25CN¥23.90
CN¥39.68
+66.0%
6.0%CN¥43.00CN¥36.00n/a5
Jan ’25CN¥29.66
CN¥39.68
+33.8%
6.0%CN¥43.00CN¥36.00n/a5
Dec ’24CN¥33.47
CN¥39.68
+18.6%
6.0%CN¥43.00CN¥36.00n/a5
Nov ’24CN¥33.19
CN¥39.73
+19.7%
5.9%CN¥43.00CN¥36.00CN¥45.575
Oct ’24CN¥34.83
CN¥39.71
+14.0%
9.8%CN¥47.00CN¥36.00CN¥48.205
Sep ’24CN¥33.46
CN¥39.69
+18.6%
9.8%CN¥47.00CN¥36.00CN¥44.705
Aug ’24CN¥34.70
CN¥44.55
+28.4%
8.6%CN¥50.00CN¥38.55CN¥40.985
Jul ’24CN¥36.85
CN¥44.55
+20.9%
8.6%CN¥50.00CN¥38.55CN¥37.425
Jun ’24CN¥39.22
CN¥44.55
+13.6%
8.6%CN¥50.00CN¥38.55CN¥37.515
May ’24CN¥33.44
CN¥44.55
+33.2%
8.6%CN¥50.00CN¥38.55CN¥37.215
Apr ’24CN¥37.64
CN¥46.39
+23.2%
11.5%CN¥52.00CN¥36.73CN¥31.055
Mar ’24CN¥33.54
CN¥50.09
+49.3%
14.2%CN¥57.00CN¥36.73CN¥30.285
Feb ’24CN¥34.39
CN¥50.11
+45.7%
15.8%CN¥57.00CN¥36.73CN¥23.904
Jan ’24CN¥30.49
CN¥51.09
+67.6%
14.4%CN¥57.00CN¥36.73CN¥29.665
Dec ’23CN¥33.90
CN¥55.70
+64.3%
4.7%CN¥59.82CN¥52.00CN¥33.475
Nov ’23CN¥32.45
CN¥55.70
+71.7%
4.7%CN¥59.82CN¥52.00CN¥33.195

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

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