COSCO SHIPPING Development Co., Ltd.

SHSE:601866 Stock Report

Market Cap: CN¥29.1b

COSCO SHIPPING Development Valuation

Is 601866 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 601866 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601866 (CN¥2.61) is trading above our estimate of fair value (CN¥0.52)

Significantly Below Fair Value: 601866 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601866?

Key metric: As 601866 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601866. This is calculated by dividing 601866's market cap by their current earnings.
What is 601866's PE Ratio?
PE Ratio8.1x
EarningsCN¥1.59b
Market CapCN¥29.08b

Price to Earnings Ratio vs Peers

How does 601866's PE Ratio compare to its peers?

The above table shows the PE ratio for 601866 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.3x
600546 Shanxi Coal International Energy GroupLtd
10.4x10.8%CN¥24.0b
600739 Liaoning Cheng Da
50.7xn/aCN¥17.3b
600153 Xiamen C&D
10.5x29.5%CN¥28.3b
601061 CITIC Metal
17.5x4.8%CN¥38.2b
601866 COSCO SHIPPING Development
8.1x32.4%CN¥31.3b

Price-To-Earnings vs Peers: 601866 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (22.3x).

Price to Earnings Ratio vs Industry

How does 601866's PE Ratio compare vs other companies in the CN Trade Distributors Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
601866 8.1xIndustry Avg. 26.0xNo. of Companies6PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601866 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the CN Trade Distributors industry average (26x).

Price to Earnings Ratio vs Fair Ratio

What is 601866'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.

601866 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ratio30.9x

Price-To-Earnings vs Fair Ratio: 601866 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the estimated Fair Price-To-Earnings Ratio (30.9x).

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.

Discover undervalued companies

Goneo Group

CN¥91.1b

Provides electrical products.

603195

CN¥70.49

7D

-4.4%

1Y

4.5%

Sunwoda ElectronicLtd

CN¥41.5b

Engages in the research and development, design, manufacture, and sale of lithium-ion battery modules worldwide.

300207

CN¥22.80

7D

-4.1%

1Y

49.9%

China National Chemical Engineering

CN¥49.3b

An industrial engineering company, engages in the general contracting of construction, infrastructure, and overseas projects in the fields of chemical, petrochemical, pharmaceutical, power, and coal industries in China.

601117

CN¥8.07

7D

-4.6%

1Y

21.9%