Sany Heavy Industry Co.,Ltd

SHSE:600031 Stock Report

Market Cap: CN¥138.7b

Sany Heavy IndustryLtd Valuation

Is 600031 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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¥16.47) is trading below our estimate of fair value (CN¥20.68)

Significantly Below Fair Value: 600031 is trading below fair value by more than 20%.

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 Ratio26x
EarningsCN¥5.33b
Market CapCN¥138.70b

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 Average27.9x
000425 XCMG Construction Machinery
16.4x25.7%CN¥95.0b
600150 China CSSC Holdings
60.5x58.4%CN¥160.4b
601766 CRRC
18.5x10.1%CN¥217.3b
000157 Zoomlion Heavy Industry Science and Technology
16.1x24.0%CN¥57.9b
600031 Sany Heavy IndustryLtd
26x26.1%CN¥138.7b

Price-To-Earnings vs Peers: 600031 is good value based on its Price-To-Earnings Ratio (26x) compared to the peer average (27.9x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600031 26.0xIndustry Avg. 35.3xNo. of Companies55PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600031 is good value based on its Price-To-Earnings Ratio (26x) compared to the CN Machinery industry average (35.3x).

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 Ratio26x
Fair PE Ratio32.8x

Price-To-Earnings vs Fair Ratio: 600031 is good value based on its Price-To-Earnings Ratio (26x) 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¥16.47
CN¥20.05
+21.7%
12.3%CN¥23.70CN¥14.00n/a15
Dec ’25CN¥17.48
CN¥19.63
+12.3%
14.1%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¥12.30CN¥17.4815
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

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 10:02
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sany Heavy Industry Co.,Ltd is covered by 49 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tingting LiBNP Paribas Securities (Asia)
Qi ShiBOCI Research Ltd.
Fiona LiangBofA Global Research