Beijing SinoHytec Valuation

Q: What is the Fair Price of 688339 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688339 (CN¥20.93) is trading below our estimate of [[fair value]] (CN¥21.77)

Is 688339 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 688339 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow

Simply Wall St

CN¥21.77

Fair Value

3.8% undervalued

Number of Analysts

Below Fair Value: 688339 (CN¥20.93) is trading below our estimate of fair value (CN¥21.77)

Significantly Below Fair Value: 688339 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688339?

Key metric: As 688339 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 688339. This is calculated by dividing 688339's market cap by their current revenue.
What is 688339's PS Ratio?
PS Ratio	13.3x
Sales	CN¥364.05m
Market Cap	CN¥4.88b

688339 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	12.6x
Enterprise Value/EBITDA	-11x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 688339's PS Ratio compare to its peers?

The above table shows the PS ratio for 688339 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	5.8x
000816 Jiangsu Nonghua Intelligent Agriculture Technologyltd	3.1x	n/a	CN¥4.5b
300099 Uroica Precision Information EngineeringLtd	7.9x	31.7%	CN¥4.8b
301048 Gemac Engineering Machinery	1.6x	n/a	CN¥5.0b
301016 Nanjing Railway New TechnologyLtd	10.6x	n/a	CN¥3.9b
688339 Beijing SinoHytec	13.3x	54.0%	CN¥4.9b

Price-To-Sales vs Peers: 688339 is expensive based on its Price-To-Sales Ratio (13.3x) compared to the peer average (5.8x).

Price to Sales Ratio vs Industry

How does 688339's PS Ratio compare vs other companies in the CN Machinery Industry?

11 Companies	Price / Sales	Estimated Growth	Market Cap
000039 China International Marine Containers (Group)	0.2x	2.1%	US$4.52b
000951 Sinotruk Jinan TruckLtd	0.4x	12.2%	US$2.78b
300475 Shannon Semiconductor TechnologyLtd	0.5x	-0.5%	US$2.06b
600686 Xiamen King Long Motor Group	0.4x	n/a	US$1.31b

11 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 688339 is expensive based on its Price-To-Sales Ratio (13.3x) compared to the CN Machinery industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is 688339'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.

688339 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	13.3x
Fair PS Ratio	8.3x

Price-To-Sales vs Fair Ratio: 688339 is expensive based on its Price-To-Sales Ratio (13.3x) compared to the estimated Fair Price-To-Sales Ratio (8.3x).

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 688339 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¥20.93	CN¥28.90 +38.1%	9.6%	CN¥31.00	CN¥25.00	n/a	3
Apr ’26	CN¥23.21	CN¥30.07 +29.6%	13.0%	CN¥34.50	CN¥25.00	n/a	3
Mar ’26	CN¥24.23	CN¥30.07 +24.1%	13.0%	CN¥34.50	CN¥25.00	n/a	3
Feb ’26	CN¥21.50	CN¥34.34 +59.7%	23.7%	CN¥47.14	CN¥25.00	n/a	4
Jan ’26	CN¥24.10	CN¥34.34 +42.5%	23.7%	CN¥47.14	CN¥25.00	n/a	4
Dec ’25	CN¥24.97	CN¥34.28 +37.3%	27.4%	CN¥47.14	CN¥25.00	n/a	3
Nov ’25	CN¥23.78	CN¥34.28 +44.2%	27.4%	CN¥47.14	CN¥25.00	n/a	3
Oct ’25	CN¥25.69	CN¥34.28 +33.5%	27.4%	CN¥47.14	CN¥25.00	n/a	3
Sep ’25	CN¥21.38	CN¥35.18 +64.5%	23.5%	CN¥47.14	CN¥25.00	n/a	4
Aug ’25	CN¥21.14	CN¥36.96 +74.9%	17.5%	CN¥47.14	CN¥30.71	n/a	4
Jul ’25	CN¥21.37	CN¥36.96 +73.0%	17.5%	CN¥47.14	CN¥30.71	n/a	4
Jun ’25	CN¥24.50	CN¥39.05 +59.4%	15.8%	CN¥47.14	CN¥32.14	n/a	3
May ’25	CN¥25.71	CN¥37.41 +45.5%	16.2%	CN¥47.14	CN¥32.14	CN¥20.30	4
Apr ’25	CN¥29.48	CN¥40.36 +36.9%	14.9%	CN¥47.14	CN¥32.50	CN¥23.21	3
Mar ’25	CN¥31.12	CN¥45.09 +44.9%	16.2%	CN¥50.00	CN¥32.50	CN¥24.23	4
Feb ’25	CN¥24.94	CN¥45.09 +80.8%	16.2%	CN¥50.00	CN¥32.50	CN¥21.50	4
Jan ’25	CN¥32.67	CN¥45.89 +40.5%	12.9%	CN¥50.00	CN¥35.71	CN¥24.10	4
Dec ’24	CN¥38.29	CN¥59.81 +56.2%	46.5%	CN¥120.71	CN¥35.71	CN¥24.97	6
Nov ’24	CN¥35.78	CN¥59.81 +67.2%	46.5%	CN¥120.71	CN¥35.71	CN¥23.78	6
Oct ’24	CN¥38.54	CN¥57.70 +49.7%	47.0%	CN¥120.71	CN¥27.14	CN¥25.69	7
Sep ’24	CN¥38.74	CN¥58.70 +51.5%	42.4%	CN¥120.71	CN¥30.61	CN¥21.38	8
Aug ’24	CN¥45.40	CN¥70.22 +54.7%	49.5%	CN¥153.06	CN¥30.61	CN¥21.14	8
Jul ’24	CN¥43.37	CN¥67.63 +56.0%	52.3%	CN¥153.06	CN¥30.61	CN¥21.37	8
Jun ’24	CN¥39.03	CN¥68.11 +74.5%	51.6%	CN¥153.06	CN¥30.61	CN¥24.50	8
May ’24	CN¥40.96	CN¥70.41 +71.9%	52.3%	CN¥153.06	CN¥33.16	CN¥25.71	7

AnalystConsensusTarget

Consensus Narrative from 3 Analysts

CN¥28.90

Fair Value

27.6% undervalued

Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/06 00:53
End of Day Share Price	2025/05/06 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

Beijing SinoHytec Co., Ltd. is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Feng Ji	China International Capital Corporation Limited
Weichen Wu	Citic Securities Co., Ltd.
Tianyi Wang	CLSA