Leader Harmonious Drive Systems Co., Ltd.

SHSE:688017 Stock Report

Market Cap: CN¥19.7b

Leader Harmonious Drive Systems Valuation

Is 688017 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 688017 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688017 (CN¥117.4) is trading above our estimate of fair value (CN¥4.33)

Significantly Below Fair Value: 688017 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688017?

Key metric: As 688017 barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 688017. This is calculated by dividing 688017's market cap by their current book value.
What is 688017's PB Ratio?
PB Ratio9.8x
BookCN¥2.03b
Market CapCN¥19.71b

Price to Book Ratio vs Peers

How does 688017's PB Ratio compare to its peers?

The above table shows the PB ratio for 688017 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average5.3x
000519 North Industries Group Red Arrow
2x17.8%CN¥20.5b
601106 China First Heavy Industries
2.3xn/aCN¥20.4b
600835 Shanghai Mechanical & Electrical IndustryLtd
1.4x14.7%CN¥16.5b
000410 Shenyang Machine Tool
15.7xn/aCN¥14.5b
688017 Leader Harmonious Drive Systems
9.8x43.7%CN¥19.8b

Price-To-Book vs Peers: 688017 is expensive based on its Price-To-Book Ratio (9.8x) compared to the peer average (5.3x).


Price to Book Ratio vs Industry

How does 688017's PB Ratio compare vs other companies in the CN Machinery Industry?

1 CompanyPrice / BookEstimated GrowthMarket Cap
000976 Guangdong Huatie Tongda High-speed Railway Equipment
0.2xn/aUS$91.99m
No more companies available in this PB range
688017 9.8xIndustry Avg. 2.4xNo. of Companies62PB01.22.43.64.86+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 688017 is expensive based on its Price-To-Book Ratio (9.8x) compared to the CN Machinery industry average (2.4x).


Price to Book Ratio vs Fair Ratio

What is 688017's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

688017 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio9.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 688017's Price-To-Book 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?

The above table shows the analyst 688017 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥117.40
CN¥73.86
-37.1%
36.4%CN¥111.20CN¥30.00n/a11
Dec ’25CN¥124.30
CN¥72.11
-42.0%
34.6%CN¥109.79CN¥30.00n/a11
Nov ’25CN¥88.50
CN¥67.40
-23.8%
38.9%CN¥111.47CN¥30.00n/a11
Oct ’25CN¥95.13
CN¥58.82
-38.2%
36.0%CN¥111.47CN¥30.00n/a11
Sep ’25CN¥64.84
CN¥69.90
+7.8%
35.0%CN¥111.47CN¥40.50n/a11
Aug ’25CN¥79.80
CN¥82.76
+3.7%
39.3%CN¥145.00CN¥44.00n/a11
Jul ’25CN¥80.54
CN¥89.99
+11.7%
32.2%CN¥145.00CN¥47.00n/a11
Jun ’25CN¥115.08
CN¥90.90
-21.0%
31.6%CN¥145.00CN¥47.00n/a11
May ’25CN¥118.89
CN¥92.16
-22.5%
35.1%CN¥145.00CN¥47.00n/a11
Apr ’25CN¥121.72
CN¥98.98
-18.7%
38.5%CN¥163.00CN¥47.00n/a11
Mar ’25CN¥129.88
CN¥96.07
-26.0%
41.8%CN¥163.00CN¥47.00n/a11
Feb ’25CN¥110.11
CN¥98.78
-10.3%
41.8%CN¥163.00CN¥47.00n/a11
Jan ’25CN¥153.50
CN¥93.43
-39.1%
42.5%CN¥163.00CN¥47.00n/a10
Dec ’24CN¥158.01
CN¥88.23
-44.2%
37.6%CN¥133.00CN¥47.00CN¥124.3010
Nov ’24CN¥123.00
CN¥88.43
-28.1%
37.4%CN¥133.00CN¥44.00CN¥88.5010
Oct ’24CN¥118.08
CN¥92.78
-21.4%
32.1%CN¥133.00CN¥44.00CN¥95.1310
Sep ’24CN¥122.71
CN¥94.02
-23.4%
31.5%CN¥133.00CN¥44.00CN¥64.8410
Aug ’24CN¥122.46
CN¥98.12
-19.9%
27.8%CN¥133.00CN¥51.00CN¥79.8011
Jul ’24CN¥162.40
CN¥94.73
-41.7%
29.6%CN¥133.00CN¥51.00CN¥80.5410
Jun ’24CN¥137.92
CN¥94.73
-31.3%
29.6%CN¥133.00CN¥51.00CN¥115.0810
May ’24CN¥111.88
CN¥105.37
-5.8%
27.3%CN¥137.40CN¥51.00CN¥118.8910
Apr ’24CN¥108.39
CN¥104.26
-3.8%
27.0%CN¥134.30CN¥51.00CN¥121.7210
Mar ’24CN¥133.00
CN¥103.36
-22.3%
28.8%CN¥134.30CN¥48.00CN¥129.8810
Feb ’24CN¥129.00
CN¥101.02
-21.7%
30.8%CN¥146.70CN¥48.00CN¥110.1110
Jan ’24CN¥96.78
CN¥101.65
+5.0%
29.6%CN¥146.70CN¥51.00CN¥153.5010
Dec ’23CN¥101.71
CN¥103.25
+1.5%
28.9%CN¥146.70CN¥51.00CN¥158.0110

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


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 17:19
End of Day Share Price 2024/12/25 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

Leader Harmonious Drive Systems Co., Ltd. is covered by 18 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yikai LiuBofA Global Research
Fiona LiangBofA Global Research
Pei LuChina Galaxy Securities Co., Ltd.