TBEA Valuation

Is 600089 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 600089 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600089 (CN¥14.39) is trading below our estimate of fair value (CN¥40.51)

Significantly Below Fair Value: 600089 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600089?

Other financial metrics that can be useful for relative valuation.

600089 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA4.9x
PEG Ratio13.2x

Price to Earnings Ratio vs Peers

How does 600089's PE Ratio compare to its peers?

The above table shows the PE ratio for 600089 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24x
603195 Gongniu GroupLtd
25.7x13.4%CN¥93.5b
002028 Sieyuan Electric
32.9x23.9%CN¥50.8b
601567 Ningbo Sanxing Medical ElectricLtd
26.4x20.7%CN¥45.9b
601877 Zhejiang Chint Electrics
11x23.7%CN¥42.0b
6.8x0.5%CN¥72.2b

Price-To-Earnings vs Peers: 600089 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (24x).


Price to Earnings Ratio vs Industry

How does 600089's PE Ratio compare vs other companies in the CN Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 600089 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the CN Electrical industry average (30.4x).


Price to Earnings Ratio vs Fair Ratio

What is 600089'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.

600089 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.8x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: 600089 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).


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 600089 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥14.39
CN¥15.81
+9.9%
19.8%CN¥18.20CN¥10.50n/a4
Apr ’25CN¥15.56
CN¥16.14
+3.7%
19.2%CN¥19.00CN¥11.00n/a4
Mar ’25CN¥15.03
CN¥16.82
+11.9%
21.9%CN¥20.78CN¥11.00n/a4
Feb ’25CN¥14.00
CN¥16.82
+20.1%
21.9%CN¥20.78CN¥11.00n/a4
Jan ’25CN¥13.80
CN¥16.82
+21.9%
21.9%CN¥20.78CN¥11.00n/a4
Dec ’24CN¥13.99
CN¥16.82
+20.2%
21.9%CN¥20.78CN¥11.00n/a4
Nov ’24CN¥14.01
CN¥16.93
+20.8%
25.1%CN¥20.78CN¥11.00n/a3
Oct ’24CN¥14.82
CN¥17.43
+17.6%
20.4%CN¥20.78CN¥12.50n/a3
Sep ’24CN¥14.85
CN¥18.27
+23.0%
22.4%CN¥21.54CN¥12.50n/a3
Aug ’24CN¥16.47
CN¥19.62
+19.1%
19.7%CN¥23.08CN¥13.08n/a4
Jul ’24CN¥17.15
CN¥19.62
+14.4%
19.7%CN¥23.08CN¥13.08n/a4
Jun ’24CN¥17.22
CN¥19.62
+13.9%
19.7%CN¥23.08CN¥13.08n/a4
May ’24CN¥17.38
CN¥19.62
+12.9%
19.7%CN¥23.08CN¥13.08n/a4
Apr ’24CN¥16.70
CN¥20.44
+22.4%
25.7%CN¥26.92CN¥12.31CN¥15.564
Mar ’24CN¥16.62
CN¥20.44
+23.0%
25.7%CN¥26.92CN¥12.31CN¥15.034
Feb ’24CN¥16.59
CN¥20.44
+23.2%
25.7%CN¥26.92CN¥12.31CN¥14.004
Jan ’24CN¥15.45
CN¥20.44
+32.3%
25.7%CN¥26.92CN¥12.31CN¥13.804
Dec ’23CN¥16.59
CN¥24.10
+45.2%
11.8%CN¥26.92CN¥20.77CN¥13.994
Nov ’23CN¥16.17
CN¥25.06
+55.0%
8.5%CN¥26.92CN¥21.77CN¥14.014
Oct ’23CN¥16.67
CN¥25.94
+55.6%
10.0%CN¥29.46CN¥21.77CN¥14.825
Sep ’23CN¥18.94
CN¥25.94
+37.0%
10.0%CN¥29.46CN¥21.77CN¥14.855
Aug ’23CN¥19.00
CN¥25.32
+33.3%
12.4%CN¥29.46CN¥21.54CN¥16.475
Jul ’23CN¥21.28
CN¥21.95
+3.1%
9.0%CN¥25.38CN¥19.23CN¥17.155
Jun ’23CN¥17.22
CN¥19.13
+11.1%
23.6%CN¥21.85CN¥9.23CN¥17.226
May ’23CN¥14.91
CN¥19.00
+27.5%
25.2%CN¥21.85CN¥8.46CN¥17.386
Apr ’23CN¥15.87
CN¥20.37
+28.4%
27.0%CN¥24.62CN¥8.46CN¥16.706

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


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