Jiangxi Hongdu Aviation Industry Co., Ltd.

SHSE:600316 Stock Report

Market Cap: CN¥23.1b

Jiangxi Hongdu Aviation Industry Valuation

Is 600316 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-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 600316 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600316 (CN¥31.92) is trading below our estimate of fair value (CN¥53.64)

Significantly Below Fair Value: 600316 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600316?

Key metric: As 600316 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600316. This is calculated by dividing 600316's market cap by their current revenue.
What is 600316's PS Ratio?
PS Ratio4.7x
SalesCN¥4.84b
Market CapCN¥23.15b

Price to Sales Ratio vs Peers

How does 600316's PS Ratio compare to its peers?

The above table shows the PS ratio for 600316 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.3x
688297 AVIC (Chengdu)UAS
16.6x34.4%CN¥29.0b
600764 China Marine Information Electronics
5.4x19.3%CN¥19.0b
600118 China SpacesatLtd
6.4xn/aCN¥31.2b
002025 Guizhou Space Appliance
4.7x24.6%CN¥23.4b
600316 Jiangxi Hongdu Aviation Industry
4.7xn/aCN¥23.1b

Price-To-Sales vs Peers: 600316 is good value based on its Price-To-Sales Ratio (4.7x) compared to the peer average (8.3x).

Price to Sales Ratio vs Industry

How does 600316's PS Ratio compare vs other companies in the CN Aerospace & Defense Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
600038 Avicopter
1.4x21.6%US$4.52b
600391 Aecc Aero Science and TechnologyLtd
1.5x15.9%US$843.12m
No more companies available in this PS range
600316 4.7xIndustry Avg. 8.6xNo. of Companies10PS0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 600316 is good value based on its Price-To-Sales Ratio (4.7x) compared to the CN Aerospace & Defense industry average (8.6x).

Price to Sales Ratio vs Fair Ratio

What is 600316'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.

600316 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600316's Price-To-Sales Fair Ratio for valuation analysis.

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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