Shanghai Moons' Electric Valuation

Is 603728 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 603728 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603728 (CN¥48.85) is trading above our estimate of fair value (CN¥20.19)

Significantly Below Fair Value: 603728 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603728?

Key metric: As 603728 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603728. This is calculated by dividing 603728's market cap by their current revenue.
What is 603728's PS Ratio?
PS Ratio	8.4x
Sales	CN¥2.46b
Market Cap	CN¥21.20b

603728 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	8.5x
Enterprise Value/EBITDA	114.1x
PEG Ratio	4.1x

Price to Sales Ratio vs Peers

How does 603728's PS Ratio compare to its peers?

The above table shows the PS ratio for 603728 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3x
688778 XTC New Energy Materials(Xiamen)Ltd	1.4x	14.5%	CN¥20.1b
600516 FangDa Carbon New MaterialLtd	4.5x	15.2%	CN¥19.8b
002130 ShenZhen Woer Heat-Shrinkable MaterialLtd	3.3x	21.8%	CN¥22.0b
300073 Beijing Easpring Material TechnologyLTD	2.8x	28.5%	CN¥23.1b
603728 Shanghai Moons' Electric	8.4x	15.5%	CN¥21.2b

Price-To-Sales vs Peers: 603728 is expensive based on its Price-To-Sales Ratio (8.4x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does 603728's PS Ratio compare vs other companies in the CN Electrical Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
605222 Shanghai QiFan Cable	0.3x	10.2%	US$933.18m
600973 Baosheng Science and Technology InnovationLtd	0.1x	4.2%	US$791.17m
603897 Zhejiang grandwall electric science&technologyltd	0.4x	n/a	US$637.94m
002300 Fujian Nanping Sun Cable	0.3x	n/a	US$560.29m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 603728 is expensive based on its Price-To-Sales Ratio (8.4x) compared to the CN Electrical industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 603728'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.

603728 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	8.4x
Fair PS Ratio	3.2x

Price-To-Sales vs Fair Ratio: 603728 is expensive based on its Price-To-Sales Ratio (8.4x) compared to the estimated Fair Price-To-Sales Ratio (3.2x).

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 603728 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥48.85	CN¥34.48 -29.4%	15.4%	CN¥41.00	CN¥28.00	n/a	3
Nov ’25	CN¥45.39	CN¥35.31 -22.2%	12.3%	CN¥41.00	CN¥30.50	n/a	3
Oct ’25	CN¥48.00	CN¥35.31 -26.4%	12.3%	CN¥41.00	CN¥30.50	n/a	3
Sep ’25	CN¥35.82	CN¥39.28 +9.7%	8.8%	CN¥42.40	CN¥34.43	n/a	3
Aug ’25	CN¥41.99	CN¥55.05 +31.1%	22.4%	CN¥71.75	CN¥42.40	n/a	3
Jul ’25	CN¥39.42	CN¥56.98 +44.6%	18.4%	CN¥71.75	CN¥48.20	n/a	3
Jun ’25	CN¥49.07	CN¥49.60 +1.1%	2.8%	CN¥51.00	CN¥48.20	n/a	2
May ’25	CN¥56.31	CN¥50.00 -11.2%	2.0%	CN¥51.00	CN¥49.00	n/a	2
Apr ’25	CN¥57.09	CN¥50.00 -12.4%	2.0%	CN¥51.00	CN¥49.00	n/a	2
Mar ’25	CN¥59.90	CN¥50.00 -16.5%	2.0%	CN¥51.00	CN¥49.00	n/a	2

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

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