Huizhou Desay SV Automotive Co., Ltd.

SZSE:002920 Stock Report

Market Cap: CN¥70.9b

Huizhou Desay SV Automotive Valuation

Is 002920 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 002920 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002920 (CN¥127.8) is trading above our estimate of fair value (CN¥55.68)

Significantly Below Fair Value: 002920 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002920?

Key metric: As 002920 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002920. This is calculated by dividing 002920's market cap by their current earnings.
What is 002920's PE Ratio?
PE Ratio35.6x
EarningsCN¥1.99b
Market CapCN¥70.93b

Price to Earnings Ratio vs Peers

How does 002920's PE Ratio compare to its peers?

The above table shows the PE ratio for 002920 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
601689 Ningbo Tuopu GroupLtd
31.9x23.3%CN¥88.9b
603596 Bethel Automotive Safety Systems
25.6x25.4%CN¥27.6b
600741 HUAYU Automotive Systems
7.8x-2.8%CN¥54.1b
002850 Shenzhen Kedali Industry
20.5x16.4%CN¥29.2b
002920 Huizhou Desay SV Automotive
35.6x21.2%CN¥70.9b

Price-To-Earnings vs Peers: 002920 is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does 002920'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
002920 35.6xIndustry Avg. 30.8xNo. of Companies24PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002920 is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the CN Auto Components industry average (30.1x).

Price to Earnings Ratio vs Fair Ratio

What is 002920'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.

002920 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.6x
Fair PE Ratio22.6x

Price-To-Earnings vs Fair Ratio: 002920 is expensive based on its Price-To-Earnings Ratio (35.6x) 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 002920 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥127.80
CN¥139.92
+9.5%
16.1%CN¥190.00CN¥97.00n/a17
Nov ’25CN¥118.63
CN¥138.04
+16.4%
16.9%CN¥190.00CN¥97.00n/a16
Oct ’25CN¥119.79
CN¥124.63
+4.0%
15.4%CN¥162.70CN¥91.00n/a17
Sep ’25CN¥91.19
CN¥126.73
+39.0%
19.3%CN¥179.70CN¥91.00n/a17
Aug ’25CN¥93.15
CN¥136.66
+46.7%
16.5%CN¥179.70CN¥100.00n/a16
Jul ’25CN¥85.70
CN¥136.52
+59.3%
17.7%CN¥179.70CN¥100.00n/a15
Jun ’25CN¥100.43
CN¥136.85
+36.3%
18.2%CN¥179.70CN¥100.00n/a14
May ’25CN¥125.87
CN¥139.85
+11.1%
19.1%CN¥179.70CN¥100.00n/a14
Apr ’25CN¥125.40
CN¥137.32
+9.5%
19.2%CN¥175.00CN¥98.80n/a14
Mar ’25CN¥102.90
CN¥145.37
+41.3%
20.4%CN¥184.99CN¥85.00n/a15
Feb ’25CN¥85.76
CN¥147.10
+71.5%
21.8%CN¥201.00CN¥85.00n/a15
Jan ’25CN¥129.51
CN¥155.97
+20.4%
14.3%CN¥201.00CN¥105.00n/a15
Dec ’24CN¥128.84
CN¥155.97
+21.1%
14.3%CN¥201.00CN¥105.00n/a15
Nov ’24CN¥126.95
CN¥155.27
+22.3%
11.6%CN¥201.00CN¥131.00CN¥118.6313
Oct ’24CN¥143.64
CN¥158.81
+10.6%
12.4%CN¥200.00CN¥125.00CN¥119.7913
Sep ’24CN¥142.98
CN¥154.68
+8.2%
15.6%CN¥200.00CN¥101.00CN¥91.1914
Aug ’24CN¥155.70
CN¥147.14
-5.5%
17.6%CN¥195.00CN¥84.00CN¥93.1513
Jul ’24CN¥155.81
CN¥144.22
-7.4%
15.2%CN¥175.00CN¥84.00CN¥85.7013
Jun ’24CN¥113.55
CN¥141.52
+24.6%
15.9%CN¥175.00CN¥84.00CN¥100.4313
May ’24CN¥103.38
CN¥143.14
+38.5%
15.4%CN¥175.00CN¥84.00CN¥125.8713
Apr ’24CN¥110.95
CN¥149.59
+34.8%
16.5%CN¥185.00CN¥78.00CN¥125.4012
Mar ’24CN¥113.20
CN¥154.74
+36.7%
16.5%CN¥194.76CN¥78.00CN¥102.9014
Feb ’24CN¥134.00
CN¥154.81
+15.5%
16.2%CN¥194.76CN¥80.00CN¥85.7614
Jan ’24CN¥105.34
CN¥156.54
+48.6%
17.0%CN¥195.30CN¥80.00CN¥129.5115
Dec ’23CN¥113.60
CN¥157.28
+38.5%
17.9%CN¥195.30CN¥80.00CN¥128.8413
Nov ’23CN¥107.59
CN¥160.92
+49.6%
17.6%CN¥195.30CN¥80.00CN¥126.9513

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

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