Qingdao Sentury Tire Co., Ltd.

XSEC:002984 Stock Report

Market Cap: CN¥25.3b

Qingdao Sentury Tire Valuation

Is 002984 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 002984 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002984 (CN¥24.57) is trading above our estimate of fair value (CN¥14.23)

Significantly Below Fair Value: 002984 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002984?

Key metric: As 002984 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002984. This is calculated by dividing 002984's market cap by their current earnings.
What is 002984's PE Ratio?
PE Ratio12x
EarningsCN¥2.10b
Market CapCN¥25.29b

Price to Earnings Ratio vs Peers

How does 002984's PE Ratio compare to its peers?

The above table shows the PE ratio for 002984 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.4x
601966 Shandong Linglong TyreLtd
12.8x17.8%CN¥27.5b
000887 Anhui Zhongding Sealing Parts
12.7x18.9%CN¥16.5b
601058 Sailun Group
10.5x14.3%CN¥45.4b
601163 Triangle TyreLtd
9.6x13.7%CN¥11.8b
002984 Qingdao Sentury Tire
12x15.6%CN¥25.3b

Price-To-Earnings vs Peers: 002984 is expensive based on its Price-To-Earnings Ratio (12x) compared to the peer average (11.4x).

Price to Earnings Ratio vs Industry

How does 002984'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
002984 12.0xIndustry Avg. 30.1xNo. of Companies26PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002984 is good value based on its Price-To-Earnings Ratio (12x) compared to the CN Auto Components industry average (31.3x).

Price to Earnings Ratio vs Fair Ratio

What is 002984'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.

002984 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: 002984 is good value based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

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 002984 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥24.57
CN¥35.20
+43.3%
6.5%CN¥38.09CN¥32.50n/a3
Nov ’25CN¥26.70
CN¥34.92
+30.8%
5.8%CN¥38.09CN¥32.50n/a4
Oct ’25CN¥27.43
CN¥31.86
+16.2%
8.5%CN¥35.00CN¥28.86n/a4
Sep ’25CN¥23.20
CN¥31.86
+37.3%
8.5%CN¥35.00CN¥28.86n/a4
Aug ’25CN¥21.70
CN¥32.97
+51.9%
6.3%CN¥35.00CN¥29.50n/a4
Jul ’25CN¥24.80
CN¥33.45
+34.9%
6.9%CN¥35.23CN¥29.50n/a4
Jun ’25CN¥24.81
CN¥33.45
+34.8%
6.9%CN¥35.23CN¥29.50n/a4
May ’25CN¥26.23
CN¥33.45
+27.5%
6.9%CN¥35.23CN¥29.50n/a4
Apr ’25CN¥22.96
CN¥28.27
+23.1%
8.6%CN¥31.09CN¥25.14n/a3
Mar ’25CN¥22.01
CN¥28.27
+28.4%
8.6%CN¥31.09CN¥25.14n/a3
Feb ’25CN¥20.29
CN¥26.86
+32.4%
6.4%CN¥28.57CN¥25.14n/a2
Jan ’25CN¥20.61
CN¥26.86
+30.3%
6.4%CN¥28.57CN¥25.14n/a2
Nov ’24CN¥21.39
CN¥27.86
+30.2%
2.6%CN¥28.57CN¥27.14CN¥26.702
Oct ’24CN¥21.66
CN¥27.86
+28.6%
2.6%CN¥28.57CN¥27.14CN¥27.432
Sep ’24CN¥23.56
CN¥27.86
+18.2%
2.6%CN¥28.57CN¥27.14CN¥23.202
Jul ’24CN¥22.47
CN¥26.88
+19.6%
1.0%CN¥27.14CN¥26.61CN¥24.802
Jun ’24CN¥20.76
CN¥26.88
+29.4%
1.0%CN¥27.14CN¥26.61CN¥24.812
May ’24CN¥20.76
CN¥26.88
+29.5%
1.0%CN¥27.14CN¥26.61CN¥26.232
Apr ’24CN¥22.64
CN¥26.88
+18.7%
1.0%CN¥27.14CN¥26.61CN¥22.962
Mar ’24CN¥22.97
CN¥26.88
+17.0%
1.0%CN¥27.14CN¥26.61CN¥22.012
Feb ’24CN¥21.32
CN¥27.29
+28.0%
2.5%CN¥27.96CN¥26.61CN¥20.292
Jan ’24CN¥21.99
CN¥24.70
+12.3%
7.7%CN¥26.61CN¥22.79CN¥20.612

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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