Flying Technology Co., Ltd.

SHSE:603488 Stock Report

Market Cap: CN¥2.4b

Flying Technology Valuation

Is 603488 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 603488 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603488 (CN¥8.39) is trading above our estimate of fair value (CN¥7.44)

Significantly Below Fair Value: 603488 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603488?

Key metric: As 603488 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603488. This is calculated by dividing 603488's market cap by their current revenue.
What is 603488's PS Ratio?
PS Ratio6.4x
SalesCN¥380.93m
Market CapCN¥2.45b

Price to Sales Ratio vs Peers

How does 603488's PS Ratio compare to its peers?

The above table shows the PS ratio for 603488 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
002774 IFE Elevators
1.5xn/aCN¥2.4b
603289 Tederic Machinery
2.4xn/aCN¥2.6b
603617 Junhe Pumps HoldingLtd
2.2xn/aCN¥2.3b
300549 Jouder Precision Industry (Kunshan)
7.1xn/aCN¥2.3b
603488 Flying Technology
6.4xn/aCN¥2.4b

Price-To-Sales vs Peers: 603488 is expensive based on its Price-To-Sales Ratio (6.4x) compared to the peer average (3.3x).


Price to Sales Ratio vs Industry

How does 603488'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$4.79b
000951 Sinotruk Jinan TruckLtd
0.4x14.6%US$2.62b
600686 Xiamen King Long Motor Group
0.4xn/aUS$1.15b
000404 Changhong Huayi Compressor
0.4x4.8%US$673.00m
603488 6.4xIndustry Avg. 3.1xNo. of Companies57PS0246810+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 603488 is expensive based on its Price-To-Sales Ratio (6.4x) compared to the CN Machinery industry average (3x).


Price to Sales Ratio vs Fair Ratio

What is 603488'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.

603488 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 603488's Price-To-Sales 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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