Zhejiang Taotao Vehicles Co., Ltd.

SZSE:301345 Stock Report

Market Cap: CN¥6.5b

Zhejiang Taotao Vehicles Valuation

Is 301345 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 301345 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 301345 (CN¥59.45) is trading above our estimate of fair value (CN¥9.4)

Significantly Below Fair Value: 301345 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 301345?

Key metric: As 301345 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 301345. This is calculated by dividing 301345's market cap by their current earnings.
What is 301345's PE Ratio?
PE Ratio17.1x
EarningsCN¥377.39m
Market CapCN¥6.46b

Price to Earnings Ratio vs Peers

How does 301345's PE Ratio compare to its peers?

The above table shows the PE ratio for 301345 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.4x
000913 Zhejiang Qianjiang Motorcycle
16.6x24.0%CN¥8.6b
603766 Loncin Motor
23.3x22.6%CN¥16.1b
603787 Jiangsu Xinri E-Vehicle
36.2xn/aCN¥2.5b
600099 LinhaiLtd
145.6x24.0%CN¥2.0b
301345 Zhejiang Taotao Vehicles
17.1x21.0%CN¥6.5b

Price-To-Earnings vs Peers: 301345 is good value based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (55.4x).

Price to Earnings Ratio vs Industry

How does 301345's PE Ratio compare vs other companies in the Asian Auto Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
301345 17.1xIndustry Avg. 17.2xNo. of Companies9PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 301345 is good value based on its Price-To-Earnings Ratio (17.1x) compared to the Asian Auto industry average (17.2x).

Price to Earnings Ratio vs Fair Ratio

What is 301345'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.

301345 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.1x
Fair PE Ratio19.2x

Price-To-Earnings vs Fair Ratio: 301345 is good value based on its Price-To-Earnings Ratio (17.1x) 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?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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