Zhejiang Dayuan Pumps Industry Valuation

Q: What is the Fair Price of 603757 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603757 (CN¥20.34) is trading below our estimate of [[fair value]] (CN¥53.65)

Is 603757 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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 603757 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603757 (CN¥20.34) is trading below our estimate of fair value (CN¥53.65)

Significantly Below Fair Value: 603757 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603757?

Key metric: As 603757 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603757. This is calculated by dividing 603757's market cap by their current earnings.
What is 603757's PE Ratio?
PE Ratio	14.6x
Earnings	CN¥229.91m
Market Cap	CN¥3.35b

603757 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	1.7x
Enterprise Value/EBITDA	11.3x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does 603757's PE Ratio compare to its peers?

The above table shows the PE ratio for 603757 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	33.1x
300946 Hengerda New Materials (Fujian)	35.3x	n/a	CN¥3.3b
003025 Sijin Intelligent Forming Machinery	19.2x	n/a	CN¥3.5b
301252 Zhejiang Tongxing Technology	28.5x	n/a	CN¥3.5b
301317 Xinlei Compressor	49.4x	n/a	CN¥3.1b
603757 Zhejiang Dayuan Pumps Industry	14.6x	20.9%	CN¥3.4b

Price-To-Earnings vs Peers: 603757 is good value based on its Price-To-Earnings Ratio (14.6x) compared to the peer average (33.1x).

Price to Earnings Ratio vs Industry

How does 603757's PE Ratio compare vs other companies in the CN Machinery Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
002021 Zoje Resources Investment	4.6x	n/a	US$396.73m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 603757 is good value based on its Price-To-Earnings Ratio (14.6x) compared to the CN Machinery industry average (34.4x).

Price to Earnings Ratio vs Fair Ratio

What is 603757'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.

603757 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.6x
Fair PE Ratio	18.2x

Price-To-Earnings vs Fair Ratio: 603757 is good value based on its Price-To-Earnings Ratio (14.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

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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