Songz Automobile Air Conditioning Valuation

Q: What is the Fair Price of 002454 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002454 (CN¥7.06) is trading above our estimate of [[fair value]] (CN¥2.78)

Is 002454 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 002454 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002454 (CN¥7.06) is trading above our estimate of fair value (CN¥2.78)

Significantly Below Fair Value: 002454 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002454?

Key metric: As 002454 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002454. This is calculated by dividing 002454's market cap by their current earnings.
What is 002454's PE Ratio?
PE Ratio	32.9x
Earnings	CN¥134.25m
Market Cap	CN¥4.42b

002454 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.6x
Enterprise Value/EBITDA	11x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

How does 002454's PE Ratio compare to its peers?

The above table shows the PE ratio for 002454 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	54.7x
603350 Ananda Drive Techniques(Shanghai)Co	35.9x	n/a	CN¥4.5b
002328 Shanghai Xinpeng IndustryLtd	31.3x	n/a	CN¥4.6b
301499 Shanghai Vico Precision Mold &Plastics Co	65.8x	n/a	CN¥3.7b
605228 Shentong Technology Group	85.8x	n/a	CN¥4.2b
002454 Songz Automobile Air Conditioning	32.9x	37.7%	CN¥4.4b

Price-To-Earnings vs Peers: 002454 is good value based on its Price-To-Earnings Ratio (32.9x) compared to the peer average (54.7x).

Price to Earnings Ratio vs Industry

How does 002454's PE Ratio compare vs other companies in the CN Auto Components Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
002684 Dynavolt Renewable Energy Technology (Henan)	0.6x	n/a	US$58.50m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 002454 is expensive based on its Price-To-Earnings Ratio (32.9x) compared to the CN Auto Components industry average (31.6x).

Price to Earnings Ratio vs Fair Ratio

What is 002454'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.

002454 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	32.9x
Fair PE Ratio	25.6x

Price-To-Earnings vs Fair Ratio: 002454 is expensive based on its Price-To-Earnings Ratio (32.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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