Tianjin Benefo Tejing Electric Valuation

Q: What is the Fair Price of 600468 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600468 (CN¥4.9) is trading above our estimate of [[fair value]] (CN¥4.73)

Is 600468 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 600468 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600468 (CN¥4.9) is trading above our estimate of fair value (CN¥4.73)

Significantly Below Fair Value: 600468 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600468?

Key metric: As 600468 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600468. This is calculated by dividing 600468's market cap by their current earnings.
What is 600468's PE Ratio?
PE Ratio	42.6x
Earnings	CN¥125.17m
Market Cap	CN¥5.46b

600468 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/Revenue	2.7x
Enterprise Value/EBITDA	33.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 600468's PE Ratio compare to its peers?

The above table shows the PE ratio for 600468 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	17.8x
002786 Shenzhen Silver Basis Technology	20.4x	n/a	CN¥5.5b
002367 Canny Elevator	18x	6.4%	CN¥5.4b
000404 Changhong Huayi Compressor	10.6x	11.2%	CN¥5.0b
300403 Hanyu Group	22.4x	12.2%	CN¥5.7b
600468 Tianjin Benefo Tejing Electric	42.6x	n/a	CN¥5.5b

Price-To-Earnings vs Peers: 600468 is expensive based on its Price-To-Earnings Ratio (42.6x) compared to the peer average (17.8x).

Price to Earnings Ratio vs Industry

How does 600468's PE Ratio compare vs other companies in the CN Machinery Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
002021 Zoje Resources Investment	4.6x	n/a	US$396.87m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600468 is expensive based on its Price-To-Earnings Ratio (42.6x) compared to the CN Machinery industry average (35x).

Price to Earnings Ratio vs Fair Ratio

What is 600468'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.

600468 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	42.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 600468's Price-To-Earnings 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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