CRRC Corporation Limited

SHSE:601766 Stock Report

Market Cap: CN¥218.4b

CRRC Valuation

Is 601766 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 601766 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601766 (CN¥8.17) is trading above our estimate of fair value (CN¥7.78)

Significantly Below Fair Value: 601766 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601766?

Key metric: As 601766 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601766. This is calculated by dividing 601766's market cap by their current earnings.
What is 601766's PE Ratio?
PE Ratio18.3x
EarningsCN¥12.80b
Market CapCN¥218.40b

Price to Earnings Ratio vs Peers

How does 601766's PE Ratio compare to its peers?

The above table shows the PE ratio for 601766 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.2x
600150 China CSSC Holdings
60.8x57.4%CN¥162.2b
600031 Sany Heavy IndustryLtd
28.2x25.4%CN¥150.4b
000425 XCMG Construction Machinery
15.9x25.9%CN¥91.9b
600066 Yutong BusLtd
15.9x17.3%CN¥50.7b
601766 CRRC
18.3x10.7%CN¥218.4b

Price-To-Earnings vs Peers: 601766 is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (30.2x).

Price to Earnings Ratio vs Industry

How does 601766's PE Ratio compare vs other companies in the CN Machinery Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002021 Zoje Resources Investment
4.9xn/aUS$421.91m
No more companies available in this PE range
601766 18.3xIndustry Avg. 34.1xNo. of Companies56PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601766 is good value based on its Price-To-Earnings Ratio (18.3x) compared to the CN Machinery industry average (34.1x).

Price to Earnings Ratio vs Fair Ratio

What is 601766'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.

601766 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.3x
Fair PE Ratio25.4x

Price-To-Earnings vs Fair Ratio: 601766 is good value based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (25.4x).

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 601766 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥8.17
CN¥8.75
+7.1%
16.7%CN¥10.07CN¥5.30n/a7
Nov ’25CN¥8.46
CN¥8.75
+3.5%
16.7%CN¥10.07CN¥5.30n/a7
Oct ’25CN¥8.17
CN¥8.57
+4.9%
15.7%CN¥9.31CN¥5.30n/a7
Sep ’25CN¥7.14
CN¥8.57
+20.1%
15.7%CN¥9.31CN¥5.30n/a7
Aug ’25CN¥8.08
CN¥8.11
+0.4%
16.1%CN¥9.30CN¥5.20n/a7
Jul ’25CN¥7.62
CN¥7.79
+2.2%
20.2%CN¥9.50CN¥5.00n/a7
Jun ’25CN¥6.97
CN¥7.81
+12.0%
20.4%CN¥9.60CN¥5.00n/a7
May ’25CN¥6.99
CN¥7.50
+7.4%
21.0%CN¥9.20CN¥4.60n/a7
Apr ’25CN¥6.87
CN¥7.44
+8.3%
21.6%CN¥9.50CN¥4.50n/a7
Mar ’25CN¥6.55
CN¥7.20
+10.0%
22.3%CN¥9.50CN¥4.50n/a7
Feb ’25CN¥5.63
CN¥7.10
+26.2%
23.7%CN¥9.50CN¥4.50n/a7
Jan ’25CN¥5.26
CN¥7.35
+39.7%
20.4%CN¥9.50CN¥4.80n/a7
Dec ’24CN¥5.26
CN¥7.33
+39.3%
19.1%CN¥9.50CN¥4.80n/a8
Nov ’24CN¥5.31
CN¥7.30
+37.5%
19.8%CN¥9.50CN¥4.60CN¥8.468
Oct ’24CN¥5.84
CN¥7.53
+28.9%
19.4%CN¥9.20CN¥4.60CN¥8.177
Sep ’24CN¥5.97
CN¥7.53
+26.1%
19.4%CN¥9.20CN¥4.60CN¥7.147
Aug ’24CN¥6.70
CN¥6.50
-3.0%
23.3%CN¥9.20CN¥4.60CN¥8.086
Jul ’24CN¥6.50
CN¥6.47
-0.5%
23.3%CN¥9.20CN¥4.60CN¥7.626
Jun ’24CN¥6.88
CN¥7.15
+3.9%
21.8%CN¥9.20CN¥4.60CN¥6.977
May ’24CN¥6.99
CN¥6.70
-4.2%
24.7%CN¥9.20CN¥4.60CN¥6.998
Apr ’24CN¥6.12
CN¥5.83
-4.7%
15.1%CN¥7.30CN¥4.30CN¥6.879
Mar ’24CN¥5.79
CN¥5.83
+0.7%
15.1%CN¥7.30CN¥4.30CN¥6.559
Feb ’24CN¥5.42
CN¥5.73
+5.7%
14.5%CN¥6.90CN¥4.30CN¥5.639
Jan ’24CN¥5.11
CN¥5.70
+11.5%
13.9%CN¥6.90CN¥4.30CN¥5.269
Dec ’23CN¥5.32
CN¥5.69
+6.9%
14.0%CN¥6.90CN¥4.30CN¥5.269
Nov ’23CN¥4.89
CN¥5.55
+13.4%
17.2%CN¥6.90CN¥3.99CN¥5.319

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

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