Nuode New Materials Co.,Ltd.

SHSE:600110 Stock Report

Market Cap: CN¥8.1b

Nuode New MaterialsLtd Valuation

Is 600110 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600110 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600110 (CN¥4.67) is trading above our estimate of fair value (CN¥0.12)

Significantly Below Fair Value: 600110 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600110?

Key metric: As 600110 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600110. This is calculated by dividing 600110's market cap by their current revenue.
What is 600110's PS Ratio?
PS Ratio1.7x
SalesCN¥4.82b
Market CapCN¥8.10b

Price to Sales Ratio vs Peers

How does 600110's PS Ratio compare to its peers?

The above table shows the PS ratio for 600110 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.8x
300913 Zhejiang Zhaolong Interconnect TechnologyLtd
4.8x18.3%CN¥8.4b
000541 Foshan Electrical and LightingLtd
1x11.1%CN¥7.7b
300342 Changshu Tianyin ElectromechanicalLtd
7.5xn/aCN¥8.1b
002706 Shanghai Liangxin ElectricalLTD
1.8x15.4%CN¥7.5b
600110 Nuode New MaterialsLtd
1.7x27.9%CN¥8.1b

Price-To-Sales vs Peers: 600110 is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (3.8x).


Price to Sales Ratio vs Industry

How does 600110's PS Ratio compare vs other companies in the CN Electrical Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
605222 Shanghai QiFan Cable
0.3x10.2%US$933.98m
600973 Baosheng Science and Technology InnovationLtd
0.1x4.2%US$791.84m
603897 Zhejiang grandwall electric science&technologyltd
0.4xn/aUS$638.48m
002300 Fujian Nanping Sun Cable
0.3xn/aUS$560.77m
600110 1.7xIndustry Avg. 2.4xNo. of Companies38PS01.63.24.86.48+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 600110 is good value based on its Price-To-Sales Ratio (1.7x) compared to the CN Electrical industry average (2.4x).


Price to Sales Ratio vs Fair Ratio

What is 600110's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600110 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: 600110 is expensive based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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