Zhejiang Rongtai Electric Material Co.,Ltd.

SHSE:603119 Stock Report

Market Cap: CN¥9.3b

Zhejiang Rongtai Electric MaterialLtd Valuation

Is 603119 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 603119 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CN¥22.81
Fair Value
13.9% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: 603119 (CN¥25.99) is trading above our estimate of fair value (CN¥22.81)

Significantly Below Fair Value: 603119 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603119?

Key metric: As 603119 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603119. This is calculated by dividing 603119's market cap by their current earnings.
What is 603119's PE Ratio?
PE Ratio42.7x
EarningsCN¥220.67m
Market CapCN¥9.32b

Price to Earnings Ratio vs Peers

How does 603119's PE Ratio compare to its peers?

The above table shows the PE ratio for 603119 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.5x
688800 Suzhou Recodeal Interconnect SystemLtd
76.4x31.9%CN¥11.2b
688698 Suzhou Veichi Electric
43.4x26.1%CN¥10.6b
002922 Eaglerise Electric & Electronic (China)
27.8x35.7%CN¥7.1b
301622 Baotou INST Magnetic New Materials
46.4xn/aCN¥7.9b
603119 Zhejiang Rongtai Electric MaterialLtd
42.7x33.4%CN¥9.4b

Price-To-Earnings vs Peers: 603119 is good value based on its Price-To-Earnings Ratio (42.7x) compared to the peer average (48.5x).

Price to Earnings Ratio vs Industry

How does 603119's PE Ratio compare vs other companies in the CN Electrical Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
300023 Bode Energy Equipment
3.6xn/aUS$51.42m
No more companies available in this PE range
603119 42.7xIndustry Avg. 37.6xNo. of Companies32PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603119 is expensive based on its Price-To-Earnings Ratio (42.7x) compared to the CN Electrical industry average (37.6x).

Price to Earnings Ratio vs Fair Ratio

What is 603119'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.

603119 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.7x
Fair PE Ratio28.1x

Price-To-Earnings vs Fair Ratio: 603119 is expensive based on its Price-To-Earnings Ratio (42.7x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).

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 603119 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥25.99
CN¥25.90
-0.3%
7.3%CN¥27.80CN¥24.00n/a2
Jan ’26CN¥22.39
CN¥25.90
+15.7%
7.3%CN¥27.80CN¥24.00n/a2
Dec ’25CN¥20.93
CN¥25.90
+23.7%
7.3%CN¥27.80CN¥24.00n/a2
Analyst Price Target
Consensus Narrative from 2 Analysts
CN¥25.90
Fair Value
0.3% overvalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/23 14:28
End of Day Share Price 2025/01/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Zhejiang Rongtai Electric Material Co.,Ltd. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Weichen WuCitic Securities Co., Ltd.
Xiaoya SunTianfeng Securities Brokerage Co., Ltd