Shanghai Pudong Development Bank Co., Ltd.

SHSE:600000 Stock Report

Market Cap: CN¥288.5b

Shanghai Pudong Development Bank Valuation

Is 600000 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 600000 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600000 (CN¥9.83) is trading below our estimate of fair value (CN¥14.89)

Significantly Below Fair Value: 600000 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600000?

Key metric: As 600000 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600000. This is calculated by dividing 600000's market cap by their current earnings.
What is 600000's PE Ratio?
PE Ratio7.5x
EarningsCN¥38.59b
Market CapCN¥288.53b

Price to Earnings Ratio vs Peers

How does 600000's PE Ratio compare to its peers?

The above table shows the PE ratio for 600000 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.9x
601166 Industrial Bank
5.4x6.5%CN¥384.5b
000001 Ping An Bank
5.2x5.6%CN¥228.0b
601818 China Everbright Bank
6.7x11.2%CN¥199.5b
600016 China Minsheng Banking
6.2x7.5%CN¥167.4b
600000 Shanghai Pudong Development Bank
7.5x8.9%CN¥288.5b

Price-To-Earnings vs Peers: 600000 is expensive based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (5.9x).

Price to Earnings Ratio vs Industry

How does 600000's PE Ratio compare vs other companies in the CN Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600000 7.5xIndustry Avg. 5.8xNo. of Companies16PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600000 is expensive based on its Price-To-Earnings Ratio (7.5x) compared to the CN Banks industry average (5.8x).

Price to Earnings Ratio vs Fair Ratio

What is 600000'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.

600000 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio6.3x

Price-To-Earnings vs Fair Ratio: 600000 is expensive based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (6.3x).

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 600000 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥9.83
CN¥9.73
-1.0%
23.6%CN¥12.00CN¥4.30n/a8
Nov ’25CN¥9.94
CN¥9.73
-2.1%
23.6%CN¥12.00CN¥4.30n/a8
Oct ’25CN¥10.13
CN¥9.08
-10.4%
21.1%CN¥10.84CN¥4.30n/a9
Sep ’25CN¥8.43
CN¥9.08
+7.7%
21.1%CN¥10.84CN¥4.30n/a9
Aug ’25CN¥8.57
CN¥8.61
+0.5%
20.5%CN¥10.20CN¥4.30n/a9
Jul ’25CN¥8.28
CN¥8.29
+0.1%
19.7%CN¥9.51CN¥4.30n/a9
Jun ’25CN¥8.34
CN¥8.08
-3.2%
22.5%CN¥9.40CN¥3.80n/a8
May ’25CN¥7.70
CN¥7.37
-4.3%
24.7%CN¥9.40CN¥3.80n/a7
Apr ’25CN¥7.23
CN¥6.57
-9.1%
23.5%CN¥8.43CN¥3.80n/a7
Mar ’25CN¥7.11
CN¥6.53
-8.2%
24.0%CN¥8.43CN¥3.80n/a7
Feb ’25CN¥6.80
CN¥6.53
-4.0%
24.0%CN¥8.43CN¥3.80n/a7
Jan ’25CN¥6.62
CN¥7.14
+7.9%
29.6%CN¥10.50CN¥3.80n/a7
Dec ’24CN¥6.85
CN¥7.28
+6.3%
27.1%CN¥10.50CN¥4.20n/a7
Nov ’24CN¥6.86
CN¥7.63
+11.2%
24.4%CN¥10.50CN¥4.20CN¥9.949
Oct ’24CN¥7.10
CN¥7.78
+9.6%
22.2%CN¥10.50CN¥4.20CN¥10.139
Sep ’24CN¥7.01
CN¥7.89
+12.5%
22.1%CN¥10.50CN¥4.40CN¥8.439
Aug ’24CN¥7.60
CN¥7.95
+4.7%
21.8%CN¥10.50CN¥4.40CN¥8.579
Jul ’24CN¥7.24
CN¥8.03
+10.9%
21.0%CN¥10.50CN¥4.40CN¥8.289
Jun ’24CN¥7.28
CN¥8.03
+10.3%
21.0%CN¥10.50CN¥4.40CN¥8.349
May ’24CN¥7.60
CN¥7.99
+5.1%
25.0%CN¥10.50CN¥3.40CN¥7.709
Apr ’24CN¥7.19
CN¥7.96
+10.8%
26.3%CN¥10.50CN¥3.40CN¥7.238
Mar ’24CN¥7.26
CN¥8.32
+14.6%
24.2%CN¥10.50CN¥3.40CN¥7.1110
Feb ’24CN¥7.36
CN¥8.32
+13.0%
24.2%CN¥10.50CN¥3.40CN¥6.8010
Jan ’24CN¥7.28
CN¥8.32
+14.3%
24.2%CN¥10.50CN¥3.40CN¥6.6210
Dec ’23CN¥7.22
CN¥8.30
+14.9%
24.4%CN¥10.50CN¥3.40CN¥6.8510
Nov ’23CN¥6.74
CN¥8.38
+24.3%
23.6%CN¥10.50CN¥3.40CN¥6.8610

Analyst Forecast: Target price is lower than the current share price.

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