China Southern Power Grid Technology Co.,Ltd

SHSE:688248 Stock Report

Market Cap: CN¥18.2b

China Southern Power Grid TechnologyLtd Valuation

Is 688248 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-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 688248 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688248 (CN¥32.18) is trading above our estimate of fair value (CN¥25.98)

Significantly Below Fair Value: 688248 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688248?

Key metric: As 688248 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688248. This is calculated by dividing 688248's market cap by their current earnings.
What is 688248's PE Ratio?
PE Ratio45.3x
EarningsCN¥401.08m
Market CapCN¥18.17b

Price to Earnings Ratio vs Peers

How does 688248's PE Ratio compare to its peers?

The above table shows the PE ratio for 688248 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
002060 Guangdong Construction Engineering Group
11.4x17.3%CN¥14.0b
000032 Shenzhen SED Industry
45.4x22.2%CN¥21.5b
600528 China Railway Hi-tech Industry
12.4xn/aCN¥18.2b
600820 Shanghai Tunnel Engineering
7.1x8.0%CN¥21.0b
688248 China Southern Power Grid TechnologyLtd
45.3x31.9%CN¥18.2b

Price-To-Earnings vs Peers: 688248 is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does 688248's PE Ratio compare vs other companies in the CN Construction Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
601668 China State Construction Engineering
4.9x6.8%US$34.17b
600248 Shaanxi Construction Engineering Group
4.3x12.6%US$2.31b
000498 Shandong Hi-Speed Road&Bridge Group
4.1x8.0%US$1.31b
002482 Shenzhen Grandland Group
2.5xn/aUS$962.92m
688248 45.3xIndustry Avg. 23.5xNo. of Companies16PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 688248 is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the CN Construction industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is 688248'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.

688248 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.3x
Fair PE Ratio32.7x

Price-To-Earnings vs Fair Ratio: 688248 is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the estimated Fair Price-To-Earnings Ratio (32.7x).

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 688248 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥32.18
CN¥36.15
+12.3%
20.2%CN¥43.44CN¥28.86n/a2
Nov ’25CN¥33.77
CN¥38.03
+12.6%
17.1%CN¥43.44CN¥28.86n/a3
Oct ’25CN¥34.20
CN¥38.03
+11.2%
17.1%CN¥43.44CN¥28.86n/a3
Sep ’25CN¥26.25
CN¥38.03
+44.9%
17.1%CN¥43.44CN¥28.86n/a3
Aug ’25CN¥27.04
CN¥38.32
+41.7%
16.0%CN¥43.44CN¥29.72n/a3
Jul ’25CN¥30.33
CN¥38.32
+26.3%
16.0%CN¥43.44CN¥29.72n/a3
Jun ’25CN¥29.74
CN¥31.52
+6.0%
5.7%CN¥33.31CN¥29.72n/a2
May ’25CN¥29.33
CN¥31.52
+7.4%
5.7%CN¥33.31CN¥29.72n/a2
Apr ’25CN¥29.16
CN¥33.76
+15.8%
12.0%CN¥37.79CN¥29.72n/a2
Mar ’25CN¥27.65
CN¥36.82
+33.1%
2.6%CN¥37.79CN¥35.84n/a2
Feb ’25CN¥20.22
CN¥36.82
+82.1%
2.6%CN¥37.79CN¥35.84n/a2
Jan ’25CN¥24.97
CN¥36.82
+47.4%
2.6%CN¥37.79CN¥35.84n/a2
Dec ’24CN¥26.27
CN¥36.82
+40.1%
2.6%CN¥37.79CN¥35.84n/a2
Nov ’24CN¥26.50
CN¥39.29
+48.2%
8.8%CN¥42.73CN¥35.84CN¥33.772
Oct ’24CN¥28.38
CN¥43.01
+51.6%
13.9%CN¥50.46CN¥35.84CN¥34.203
Sep ’24CN¥30.83
CN¥47.48
+54.0%
18.0%CN¥56.13CN¥35.84CN¥26.253
Aug ’24CN¥33.35
CN¥54.46
+63.3%
5.2%CN¥56.80CN¥50.46CN¥27.043
Jul ’24CN¥38.39
CN¥54.46
+41.9%
5.2%CN¥56.80CN¥50.46CN¥30.333
Jun ’24CN¥39.25
CN¥53.63
+36.6%
5.9%CN¥56.80CN¥50.46CN¥29.742
May ’24CN¥41.61
CN¥53.63
+28.9%
5.9%CN¥56.80CN¥50.46CN¥29.332
Apr ’24CN¥47.97
CN¥53.63
+11.8%
5.9%CN¥56.80CN¥50.46CN¥29.162

Analyst Forecast: Target price is less than 20% higher than the current share price.

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