Nantong Haixing Electronics Valuation

Q: What is the Fair Price of 603115 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603115 (CN¥13.24) is trading above our estimate of [[fair value]] (CN¥2.33)

Is 603115 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-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 603115 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603115 (CN¥13.24) is trading above our estimate of fair value (CN¥2.33)

Significantly Below Fair Value: 603115 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603115?

Key metric: As 603115 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603115. This is calculated by dividing 603115's market cap by their current earnings.
What is 603115's PE Ratio?
PE Ratio	18.7x
Earnings	CN¥169.11m
Market Cap	CN¥3.17b

603115 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	1.4x
Enterprise Value/EBITDA	9.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 603115's PE Ratio compare to its peers?

The above table shows the PE ratio for 603115 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	36.9x
605066 Zhejiang Tengen ElectricsLtd	25.5x	n/a	CN¥3.0b
603109 Senci Electric MachineryLtd	17.6x	n/a	CN¥3.1b
300933 Sinostar Cable	62.8x	n/a	CN¥3.1b
300508 Shanghai Weihong Electronic Technology	41.8x	35.9%	CN¥3.0b
603115 Nantong Haixing Electronics	18.7x	n/a	CN¥3.2b

Price-To-Earnings vs Peers: 603115 is good value based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (33.8x).

Price to Earnings Ratio vs Industry

How does 603115's PE Ratio compare vs other companies in the CN Electrical Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
300023 Bode Energy Equipment	3.6x	n/a	US$51.42m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 603115 is good value based on its Price-To-Earnings Ratio (18.7x) compared to the CN Electrical industry average (35.7x).

Price to Earnings Ratio vs Fair Ratio

What is 603115'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.

603115 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 603115'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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