Shenzhen Kedali Industry Co., Ltd.

SZSE:002850 Stock Report

Market Cap: CN¥28.3b

Shenzhen Kedali Industry Valuation

Is 002850 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 002850 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002850 (CN¥104.56) is trading below our estimate of fair value (CN¥479.98)

Significantly Below Fair Value: 002850 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002850?

Key metric: As 002850 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002850. This is calculated by dividing 002850's market cap by their current earnings.
What is 002850's PE Ratio?
PE Ratio19.9x
EarningsCN¥1.42b
Market CapCN¥28.32b

Price to Earnings Ratio vs Peers

How does 002850's PE Ratio compare to its peers?

The above table shows the PE ratio for 002850 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.3x
603596 Bethel Automotive Safety Systems
25.7x25.4%CN¥27.6b
603786 KEBODA TECHNOLOGY
30x26.3%CN¥22.8b
603179 Jiangsu Xinquan Automotive TrimLtd
25.1x28.4%CN¥23.3b
002472 Zhejiang Shuanghuan DrivelineLtd
24.6x19.9%CN¥23.7b
002850 Shenzhen Kedali Industry
19.9x16.4%CN¥28.3b

Price-To-Earnings vs Peers: 002850 is good value based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (26.3x).

Price to Earnings Ratio vs Industry

How does 002850's PE Ratio compare vs other companies in the CN Auto Components Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002684 Dynavolt Renewable Energy Technology (Henan)
0.6xn/aUS$58.50m
No more companies available in this PE range
002850 19.9xIndustry Avg. 30.1xNo. of Companies26PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002850 is good value based on its Price-To-Earnings Ratio (19.9x) compared to the CN Auto Components industry average (31.3x).

Price to Earnings Ratio vs Fair Ratio

What is 002850'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.

002850 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ratio19.2x

Price-To-Earnings vs Fair Ratio: 002850 is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (19.2x).

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 002850 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥104.56
CN¥126.03
+20.5%
15.1%CN¥160.46CN¥92.03n/a9
Nov ’25CN¥100.30
CN¥121.72
+21.4%
12.8%CN¥152.75CN¥92.03n/a8
Oct ’25CN¥97.15
CN¥108.35
+11.5%
9.7%CN¥124.00CN¥92.03n/a8
Sep ’25CN¥73.81
CN¥108.35
+46.8%
9.7%CN¥124.00CN¥92.03n/a8
Aug ’25CN¥76.40
CN¥112.91
+47.8%
10.5%CN¥130.22CN¥92.03n/a8
Jul ’25CN¥76.49
CN¥113.66
+48.6%
9.3%CN¥130.22CN¥98.10n/a8
Jun ’25CN¥92.63
CN¥113.66
+22.7%
9.3%CN¥130.22CN¥98.10n/a8
May ’25CN¥95.32
CN¥110.60
+16.0%
8.6%CN¥130.23CN¥98.10n/a8
Apr ’25CN¥90.22
CN¥102.84
+14.0%
12.4%CN¥120.00CN¥82.71n/a6
Mar ’25CN¥73.30
CN¥111.00
+51.4%
13.7%CN¥129.00CN¥82.71n/a7
Feb ’25CN¥64.50
CN¥111.00
+72.1%
13.7%CN¥129.00CN¥82.71n/a7
Jan ’25CN¥84.46
CN¥120.31
+42.4%
20.6%CN¥172.00CN¥90.89n/a7
Dec ’24CN¥87.78
CN¥125.03
+42.4%
21.9%CN¥172.00CN¥90.89n/a7
Nov ’24CN¥92.09
CN¥136.10
+47.8%
21.0%CN¥172.00CN¥90.89CN¥100.308
Oct ’24CN¥96.18
CN¥154.75
+60.9%
11.1%CN¥190.00CN¥129.00CN¥97.158
Sep ’24CN¥115.51
CN¥154.75
+34.0%
11.1%CN¥190.00CN¥129.00CN¥73.818
Aug ’24CN¥126.00
CN¥167.02
+32.6%
7.4%CN¥190.00CN¥154.50CN¥76.405
Jul ’24CN¥132.25
CN¥167.02
+26.3%
7.4%CN¥190.00CN¥154.50CN¥76.495
Jun ’24CN¥127.15
CN¥161.86
+27.3%
10.0%CN¥190.00CN¥136.06CN¥92.636
May ’24CN¥137.00
CN¥161.86
+18.1%
10.0%CN¥190.00CN¥136.06CN¥95.326
Apr ’24CN¥129.29
CN¥161.77
+25.1%
10.6%CN¥190.00CN¥136.06CN¥90.225
Mar ’24CN¥122.60
CN¥161.77
+32.0%
10.6%CN¥190.00CN¥136.06CN¥73.305
Feb ’24CN¥149.40
CN¥159.97
+7.1%
8.9%CN¥181.00CN¥136.06CN¥64.505
Jan ’24CN¥118.81
CN¥144.58
+21.7%
12.0%CN¥163.00CN¥120.25CN¥84.464
Dec ’23CN¥102.65
CN¥139.77
+36.2%
12.6%CN¥163.00CN¥120.25CN¥87.783
Nov ’23CN¥97.70
CN¥147.77
+51.3%
13.2%CN¥163.00CN¥120.25CN¥92.093

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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