Shaanxi Construction Machinery Co.,Ltd

SHSE:600984 Stock Report

Market Cap: CN¥4.4b

Shaanxi Construction MachineryLtd Valuation

Is 600984 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 600984 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 600984's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 600984's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600984?

Key metric: As 600984 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600984. This is calculated by dividing 600984's market cap by their current revenue.
What is 600984's PS Ratio?
PS Ratio1.5x
SalesCN¥2.77b
Market CapCN¥4.39b

Price to Sales Ratio vs Peers

How does 600984's PS Ratio compare to its peers?

The above table shows the PS ratio for 600984 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5x
301016 Nanjing Railway New TechnologyLtd
10.2xn/aCN¥3.8b
001239 Xiangtan Yongda Machinery Manufacturing
5.9xn/aCN¥4.0b
000816 Jiangsu Nonghua Intelligent Agriculture Technologyltd
2.8xn/aCN¥3.9b
600375 Hanma Technology GroupLtd
1xn/aCN¥4.2b
600984 Shaanxi Construction MachineryLtd
1.5x27.9%CN¥4.4b

Price-To-Sales vs Peers: 600984 is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (5x).


Price to Sales Ratio vs Industry

How does 600984's PS Ratio compare vs other companies in the CN Machinery Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
000039 China International Marine Containers (Group)
0.3x5.0%US$4.94b
000951 Sinotruk Jinan TruckLtd
0.4x14.6%US$2.82b
600686 Xiamen King Long Motor Group
0.4xn/aUS$1.25b
000404 Changhong Huayi Compressor
0.4x4.8%US$707.79m
600984 1.5xIndustry Avg. 3.2xNo. of Companies55PS0246810+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 600984 is good value based on its Price-To-Sales Ratio (1.5x) compared to the CN Machinery industry average (3.2x).


Price to Sales Ratio vs Fair Ratio

What is 600984'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.

600984 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: 600984 is expensive based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (1x).


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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