Sany Heavy Industry Co.,Ltd

SHSE:600031 Stock Report

Market Cap: CN¥153.2b

Sany Heavy IndustryLtd Valuation

Is 600031 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 600031 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600031 (CN¥18.23) is trading below our estimate of fair value (CN¥20.34)

Significantly Below Fair Value: 600031 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600031?

Key metric: As 600031 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600031. This is calculated by dividing 600031's market cap by their current earnings.
What is 600031's PE Ratio?
PE Ratio28.8x
EarningsCN¥5.33b
Market CapCN¥153.25b

Price to Earnings Ratio vs Peers

How does 600031's PE Ratio compare to its peers?

The above table shows the PE ratio for 600031 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28x
000425 XCMG Construction Machinery
15.7x25.9%CN¥91.1b
600150 China CSSC Holdings
61.9x57.4%CN¥165.0b
601766 CRRC
18.2x10.7%CN¥217.3b
000157 Zoomlion Heavy Industry Science and Technology
16.1x24.0%CN¥57.2b
600031 Sany Heavy IndustryLtd
28.8x25.4%CN¥153.2b

Price-To-Earnings vs Peers: 600031 is expensive based on its Price-To-Earnings Ratio (28.8x) compared to the peer average (28x).

Price to Earnings Ratio vs Industry

How does 600031's PE Ratio compare vs other companies in the CN Machinery Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002021 Zoje Resources Investment
4.7xn/aUS$409.08m
No more companies available in this PE range
600031 28.8xIndustry Avg. 34.6xNo. of Companies54PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600031 is good value based on its Price-To-Earnings Ratio (28.8x) compared to the CN Machinery industry average (34.6x).

Price to Earnings Ratio vs Fair Ratio

What is 600031'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.

600031 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.8x
Fair PE Ratio32.8x

Price-To-Earnings vs Fair Ratio: 600031 is good value based on its Price-To-Earnings Ratio (28.8x) compared to the estimated Fair Price-To-Earnings Ratio (32.8x).

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 600031 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥18.23
CN¥19.30
+5.9%
15.5%CN¥23.70CN¥14.00n/a15
Nov ’25CN¥18.74
CN¥19.09
+1.8%
15.8%CN¥23.70CN¥13.00n/a15
Oct ’25CN¥18.88
CN¥17.35
-8.1%
13.5%CN¥21.60CN¥13.00n/a15
Sep ’25CN¥16.12
CN¥16.82
+4.3%
18.2%CN¥23.00CN¥11.00n/a15
Aug ’25CN¥15.78
CN¥17.31
+9.7%
23.0%CN¥27.00CN¥11.00n/a15
Jul ’25CN¥16.43
CN¥17.12
+4.2%
24.1%CN¥27.00CN¥11.00n/a14
Jun ’25CN¥16.18
CN¥17.01
+5.1%
24.0%CN¥27.00CN¥11.00n/a14
May ’25CN¥16.31
CN¥15.79
-3.2%
25.2%CN¥27.00CN¥10.00n/a14
Apr ’25CN¥14.98
CN¥15.54
+3.7%
26.8%CN¥27.00CN¥10.00n/a14
Mar ’25CN¥13.95
CN¥15.54
+11.4%
26.8%CN¥27.00CN¥10.00n/a14
Feb ’25CN¥13.25
CN¥15.96
+20.4%
24.9%CN¥27.00CN¥10.00n/a14
Jan ’25CN¥13.77
CN¥17.30
+25.7%
19.7%CN¥27.00CN¥12.30n/a15
Dec ’24CN¥13.72
CN¥18.03
+31.4%
20.2%CN¥27.00CN¥12.30n/a15
Nov ’24CN¥14.21
CN¥19.16
+34.9%
16.7%CN¥27.00CN¥14.20CN¥18.7415
Oct ’24CN¥15.89
CN¥19.86
+25.0%
14.4%CN¥27.00CN¥14.20CN¥18.8815
Sep ’24CN¥15.95
CN¥19.32
+21.1%
14.4%CN¥27.00CN¥14.20CN¥16.1215
Aug ’24CN¥17.27
CN¥19.43
+12.5%
13.7%CN¥27.00CN¥14.70CN¥15.7815
Jul ’24CN¥16.63
CN¥19.20
+15.5%
14.4%CN¥27.00CN¥14.70CN¥16.4315
Jun ’24CN¥14.93
CN¥19.03
+27.4%
14.7%CN¥27.00CN¥14.70CN¥16.1816
May ’24CN¥16.49
CN¥18.89
+14.5%
15.0%CN¥27.00CN¥14.70CN¥16.3115
Apr ’24CN¥17.09
CN¥18.75
+9.7%
15.8%CN¥27.00CN¥14.70CN¥14.9815
Mar ’24CN¥19.27
CN¥18.76
-2.6%
16.8%CN¥27.00CN¥14.70CN¥13.9514
Feb ’24CN¥17.23
CN¥18.90
+9.7%
16.8%CN¥27.00CN¥14.70CN¥13.2514
Jan ’24CN¥15.80
CN¥17.92
+13.4%
20.6%CN¥27.00CN¥12.30CN¥13.7714
Dec ’23CN¥15.92
CN¥17.91
+12.5%
21.5%CN¥27.00CN¥12.30CN¥13.7214
Nov ’23CN¥14.85
CN¥17.82
+20.0%
22.2%CN¥27.00CN¥12.30CN¥14.2114

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

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