Zhejiang Qianjiang Motorcycle Co., Ltd.

SZSE:000913 Stock Report

Market Cap: CN¥8.8b

Zhejiang Qianjiang Motorcycle Valuation

Is 000913 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 000913 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000913 (CN¥16.75) is trading above our estimate of fair value (CN¥8.35)

Significantly Below Fair Value: 000913 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000913?

Key metric: As 000913 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000913. This is calculated by dividing 000913's market cap by their current earnings.
What is 000913's PE Ratio?
PE Ratio16.9x
EarningsCN¥520.69m
Market CapCN¥8.82b

Price to Earnings Ratio vs Peers

How does 000913's PE Ratio compare to its peers?

The above table shows the PE ratio for 000913 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.5x
301345 Zhejiang Taotao Vehicles
17.9x21.0%CN¥6.7b
603766 Loncin Motor
23.5x22.6%CN¥16.2b
603529 AIMA Technology Group
19.5x18.3%CN¥36.7b
689009 Ninebot
29.2x27.6%CN¥34.7b
000913 Zhejiang Qianjiang Motorcycle
16.9x24.0%CN¥8.8b

Price-To-Earnings vs Peers: 000913 is good value based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (22.5x).


Price to Earnings Ratio vs Industry

How does 000913's PE Ratio compare vs other companies in the Asian Auto Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
000913 16.9xIndustry Avg. 19.8xNo. of Companies8PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 000913 is good value based on its Price-To-Earnings Ratio (16.9x) compared to the Asian Auto industry average (19.8x).


Price to Earnings Ratio vs Fair Ratio

What is 000913'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.

000913 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.9x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: 000913 is good value based on its Price-To-Earnings Ratio (16.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).


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 000913 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥16.75
CN¥21.82
+30.2%
7.6%CN¥24.00CN¥20.00n/a3
Dec ’25CN¥16.49
CN¥21.82
+32.3%
7.6%CN¥24.00CN¥20.00n/a3
Nov ’25CN¥16.76
CN¥21.82
+30.2%
7.6%CN¥24.00CN¥20.00n/a3
Oct ’25CN¥19.20
CN¥21.69
+13.0%
7.8%CN¥24.00CN¥20.00n/a3
Sep ’25CN¥16.43
CN¥21.69
+32.0%
7.8%CN¥24.00CN¥20.00n/a3
Aug ’25CN¥16.66
CN¥25.58
+53.6%
4.8%CN¥27.00CN¥24.00n/a3
Jul ’25CN¥16.05
CN¥25.58
+59.4%
4.8%CN¥27.00CN¥24.00n/a3
Jun ’25CN¥17.90
CN¥25.58
+42.9%
4.8%CN¥27.00CN¥24.00n/a3
May ’25CN¥17.24
CN¥21.52
+24.8%
2.4%CN¥22.04CN¥21.00n/a2
Apr ’25CN¥14.33
CN¥16.91
+18.0%
8.7%CN¥19.00CN¥15.74n/a3
Mar ’25CN¥11.99
CN¥16.91
+41.1%
8.7%CN¥19.00CN¥15.74n/a3
Feb ’25CN¥9.87
CN¥16.91
+71.4%
8.7%CN¥19.00CN¥15.74n/a3
Jan ’25CN¥12.47
CN¥16.91
+35.6%
8.7%CN¥19.00CN¥15.74n/a3
Dec ’24CN¥13.40
CN¥16.91
+26.2%
8.7%CN¥19.00CN¥15.74CN¥16.493
Nov ’24CN¥13.23
CN¥16.91
+27.8%
8.7%CN¥19.00CN¥15.74CN¥16.763
Oct ’24CN¥14.11
CN¥19.50
+38.2%
2.6%CN¥20.00CN¥19.00CN¥19.202
Sep ’24CN¥14.46
CN¥19.50
+34.9%
2.6%CN¥20.00CN¥19.00CN¥16.432
Aug ’24CN¥17.51
CN¥31.50
+79.9%
4.8%CN¥33.00CN¥30.00CN¥16.662
Jul ’24CN¥18.23
CN¥31.50
+72.8%
4.8%CN¥33.00CN¥30.00CN¥16.052
Jun ’24CN¥18.71
CN¥31.50
+68.4%
4.8%CN¥33.00CN¥30.00CN¥17.902
May ’24CN¥21.41
CN¥34.50
+61.1%
4.3%CN¥36.00CN¥33.00CN¥17.242
Apr ’24CN¥23.37
CN¥34.00
+45.5%
5.9%CN¥36.00CN¥32.00CN¥14.332
Mar ’24CN¥25.17
CN¥34.00
+35.1%
5.9%CN¥36.00CN¥32.00CN¥11.992
Feb ’24CN¥26.29
CN¥34.00
+29.3%
5.9%CN¥36.00CN¥32.00CN¥9.872

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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