Chongqing Changan Automobile Company Limited

SZSE:000625 Stock Report

Market Cap: CN¥127.4b

Chongqing Changan Automobile Valuation

Is 000625 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 000625 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000625 (CN¥15.12) is trading below our estimate of fair value (CN¥25.53)

Significantly Below Fair Value: 000625 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000625?

Key metric: As 000625 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000625. This is calculated by dividing 000625's market cap by their current earnings.
What is 000625's PE Ratio?
PE Ratio29.8x
EarningsCN¥5.02b
Market CapCN¥127.40b

Price to Earnings Ratio vs Peers

How does 000625's PE Ratio compare to its peers?

The above table shows the PE ratio for 000625 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average60.5x
600418 Anhui Jianghuai Automobile GroupLtd
152.4x29.6%CN¥87.8b
600104 SAIC Motor
21.8x8.1%CN¥197.3b
601127 Seres GroupLtd
48.4x31.4%CN¥198.0b
601965 China Automotive Engineering Research Institute
19.3x18.5%CN¥17.9b
000625 Chongqing Changan Automobile
29.8x20.6%CN¥127.4b

Price-To-Earnings vs Peers: 000625 is good value based on its Price-To-Earnings Ratio (29.8x) compared to the peer average (60.5x).

Price to Earnings Ratio vs Industry

How does 000625's PE Ratio compare vs other companies in the Asian Auto Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
000625 29.8xIndustry Avg. 17.8xNo. of Companies11PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 000625 is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the Asian Auto industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is 000625'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.

000625 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.8x
Fair PE Ratio22.6x

Price-To-Earnings vs Fair Ratio: 000625 is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.6x).

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 000625 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥15.12
CN¥16.47
+8.9%
17.3%CN¥21.70CN¥12.50n/a10
Nov ’25CN¥13.49
CN¥16.94
+25.6%
21.1%CN¥24.00CN¥12.50n/a10
Oct ’25CN¥14.88
CN¥17.76
+19.4%
20.5%CN¥24.00CN¥13.00n/a10
Sep ’25CN¥12.09
CN¥18.26
+51.1%
17.3%CN¥24.00CN¥13.90n/a10
Aug ’25CN¥14.21
CN¥18.99
+33.6%
17.8%CN¥24.00CN¥13.90n/a10
Jul ’25CN¥13.58
CN¥19.29
+42.0%
19.0%CN¥24.00CN¥13.90n/a10
Jun ’25CN¥13.79
CN¥19.29
+39.9%
19.0%CN¥24.00CN¥13.90n/a10
May ’25CN¥14.72
CN¥19.31
+31.2%
19.0%CN¥24.00CN¥13.90n/a10
Apr ’25CN¥17.74
CN¥18.75
+5.7%
23.8%CN¥24.00CN¥12.40n/a10
Mar ’25CN¥14.78
CN¥18.79
+27.1%
25.1%CN¥24.00CN¥12.40n/a9
Feb ’25CN¥12.78
CN¥19.47
+52.3%
21.4%CN¥24.00CN¥12.50n/a9
Jan ’25CN¥16.83
CN¥18.87
+12.1%
23.2%CN¥24.00CN¥12.50n/a9
Dec ’24CN¥19.18
CN¥17.85
-6.9%
25.9%CN¥24.00CN¥12.50n/a9
Nov ’24CN¥15.04
CN¥16.22
+7.9%
22.2%CN¥21.30CN¥11.00CN¥13.499
Oct ’24CN¥13.44
CN¥14.64
+8.9%
21.6%CN¥20.00CN¥11.00CN¥14.888
Sep ’24CN¥12.88
CN¥15.02
+16.6%
20.3%CN¥20.00CN¥11.00CN¥12.099
Aug ’24CN¥15.83
CN¥14.06
-11.2%
15.2%CN¥17.00CN¥10.50CN¥14.2110
Jul ’24CN¥12.93
CN¥13.75
+6.3%
15.1%CN¥17.00CN¥10.50CN¥13.589
Jun ’24CN¥11.87
CN¥14.07
+18.6%
15.6%CN¥17.00CN¥10.50CN¥13.7910
May ’24CN¥11.91
CN¥13.44
+12.8%
28.5%CN¥18.20CN¥4.85CN¥14.7210
Apr ’24CN¥11.92
CN¥13.87
+16.3%
30.6%CN¥18.80CN¥4.85CN¥17.7410
Mar ’24CN¥13.58
CN¥13.91
+2.4%
30.3%CN¥18.80CN¥4.85CN¥14.7810
Feb ’24CN¥14.79
CN¥13.00
-12.1%
38.0%CN¥18.80CN¥3.90CN¥12.7811
Jan ’24CN¥12.31
CN¥12.55
+2.0%
39.1%CN¥18.50CN¥4.20CN¥16.8310
Dec ’23CN¥13.75
CN¥12.44
-9.5%
36.3%CN¥17.80CN¥4.15CN¥19.1811
Nov ’23CN¥11.68
CN¥12.36
+5.9%
42.6%CN¥23.50CN¥4.15CN¥15.0411

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

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