Zhuzhou CRRC Times Electric Valuation

Q: What is the Fair Price of 688187 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688187 (CN¥48.74) is trading below our estimate of [[fair value]] (CN¥105.83)

Is 688187 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 688187 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688187 (CN¥48.74) is trading below our estimate of fair value (CN¥105.83)

Significantly Below Fair Value: 688187 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688187?

Key metric: As 688187 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688187. This is calculated by dividing 688187's market cap by their current earnings.
What is 688187's PE Ratio?
PE Ratio	10.4x
Earnings	CN¥3.55b
Market Cap	CN¥56.69b

688187 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	2x
Enterprise Value/EBITDA	11.6x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

How does 688187's PE Ratio compare to its peers?

The above table shows the PE ratio for 688187 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	23x
600482 China Shipbuilding Industry Group Power	46.4x	55.4%	CN¥51.6b
600066 Yutong BusLtd	15.9x	17.3%	CN¥50.7b
000157 Zoomlion Heavy Industry Science and Technology	16.1x	24.0%	CN¥57.7b
603338 Zhejiang Dingli MachineryLtd	13.5x	16.8%	CN¥27.6b
688187 Zhuzhou CRRC Times Electric	10.5x	13.3%	CN¥61.0b

Price-To-Earnings vs Peers: 688187 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (23x).

Price to Earnings Ratio vs Industry

How does 688187's PE Ratio compare vs other companies in the CN Machinery Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
002021 Zoje Resources Investment	4.9x	n/a	US$421.91m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 688187 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the CN Machinery industry average (34.1x).

Price to Earnings Ratio vs Fair Ratio

What is 688187'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.

688187 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.4x
Fair PE Ratio	24.2x

Price-To-Earnings vs Fair Ratio: 688187 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).

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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