Yutong Bus Co.,Ltd.

SHSE:600066 Stock Report

Market Cap: CN¥50.7b

Yutong BusLtd Valuation

Is 600066 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 600066 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600066 (CN¥22.92) is trading above our estimate of fair value (CN¥14.41)

Significantly Below Fair Value: 600066 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600066?

Key metric: As 600066 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600066. This is calculated by dividing 600066's market cap by their current earnings.
What is 600066's PE Ratio?
PE Ratio15.9x
EarningsCN¥3.20b
Market CapCN¥50.74b

Price to Earnings Ratio vs Peers

How does 600066's PE Ratio compare to its peers?

The above table shows the PE ratio for 600066 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.3x
600482 China Shipbuilding Industry Group Power
46.4x55.4%CN¥51.6b
603338 Zhejiang Dingli MachineryLtd
13.5x16.8%CN¥27.6b
000157 Zoomlion Heavy Industry Science and Technology
16.1x24.0%CN¥57.7b
000800 FAW Jiefang GroupLtd
61x76.4%CN¥43.6b
600066 Yutong BusLtd
15.9x17.3%CN¥50.7b

Price-To-Earnings vs Peers: 600066 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (34.3x).

Price to Earnings Ratio vs Industry

How does 600066's PE Ratio compare vs other companies in the CN Machinery Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002021 Zoje Resources Investment
4.9xn/aUS$421.91m
No more companies available in this PE range
600066 15.9xIndustry Avg. 34.1xNo. of Companies56PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600066 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the CN Machinery industry average (34.1x).

Price to Earnings Ratio vs Fair Ratio

What is 600066'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.

600066 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ratio25.3x

Price-To-Earnings vs Fair Ratio: 600066 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.3x).

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 600066 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥22.92
CN¥30.35
+32.4%
10.5%CN¥35.10CN¥25.20n/a9
Nov ’25CN¥23.62
CN¥30.35
+28.5%
10.5%CN¥35.10CN¥25.20n/a9
Oct ’25CN¥26.35
CN¥28.28
+7.3%
16.1%CN¥34.60CN¥18.00n/a9
Sep ’25CN¥21.33
CN¥30.01
+40.7%
8.2%CN¥34.60CN¥25.92n/a8
Aug ’25CN¥22.50
CN¥30.11
+33.8%
5.0%CN¥32.50CN¥28.00n/a8
Jul ’25CN¥26.24
CN¥29.07
+10.8%
5.7%CN¥31.00CN¥25.30n/a8
Jun ’25CN¥24.35
CN¥28.96
+18.9%
6.0%CN¥31.00CN¥25.30n/a7
May ’25CN¥25.69
CN¥27.24
+6.0%
9.8%CN¥31.00CN¥23.90n/a7
Apr ’25CN¥21.04
CN¥21.69
+3.1%
14.6%CN¥25.80CN¥16.60n/a7
Mar ’25CN¥18.20
CN¥18.64
+2.4%
14.9%CN¥24.20CN¥14.56n/a7
Feb ’25CN¥15.19
CN¥18.59
+22.4%
15.0%CN¥24.20CN¥14.56n/a7
Jan ’25CN¥13.25
CN¥16.69
+26.0%
11.9%CN¥19.00CN¥13.70n/a6
Dec ’24CN¥13.25
CN¥17.12
+29.2%
11.1%CN¥19.00CN¥13.70n/a5
Nov ’24CN¥13.46
CN¥17.12
+27.2%
11.1%CN¥19.00CN¥13.70CN¥23.625
Oct ’24CN¥13.23
CN¥15.62
+18.1%
10.6%CN¥18.50CN¥13.70CN¥26.355
Sep ’24CN¥12.72
CN¥14.95
+17.5%
14.6%CN¥18.50CN¥11.31CN¥21.336
Aug ’24CN¥13.93
CN¥14.95
+7.3%
14.6%CN¥18.50CN¥11.31CN¥22.506
Jul ’24CN¥14.74
CN¥15.10
+2.4%
15.3%CN¥18.50CN¥11.31CN¥26.247
Jun ’24CN¥12.96
CN¥15.10
+16.5%
15.3%CN¥18.50CN¥11.31CN¥24.357
May ’24CN¥13.51
CN¥13.22
-2.2%
15.8%CN¥15.50CN¥9.00CN¥25.697
Apr ’24CN¥12.33
CN¥12.93
+4.9%
14.5%CN¥14.40CN¥9.00CN¥21.047
Mar ’24CN¥9.99
CN¥10.23
+2.4%
24.8%CN¥14.00CN¥7.30CN¥18.206
Feb ’24CN¥8.35
CN¥9.10
+9.0%
27.2%CN¥14.00CN¥6.40CN¥15.196
Jan ’24CN¥7.51
CN¥9.10
+21.2%
27.2%CN¥14.00CN¥6.40CN¥13.256
Dec ’23CN¥7.76
CN¥10.23
+31.8%
35.1%CN¥17.00CN¥6.40CN¥13.257
Nov ’23CN¥7.22
CN¥10.23
+41.7%
35.1%CN¥17.00CN¥6.40CN¥13.467

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Zbom Home CollectionLtd

CN¥5.8b

Engages in the research, development, production and sale of customized building products in China and internationally.

603801

CN¥13.40

7D

-9.6%

1Y

-30.7%

Goneo Group

CN¥94.7b

Provides electrical products.

603195

CN¥73.20

7D

-2.9%

1Y

8.3%

Zhejiang Dun'an Artificial Environment

CN¥11.7b

Engages in the research and development, production, and sale of refrigeration components, refrigeration and air-conditioning equipment, and automotive thermal management systems in China and internationally.

2011

CN¥11.05

7D

-6.1%

1Y

-10.2%