GoodWe Technologies Co., Ltd.

SHSE:688390 Stock Report

Market Cap: CN¥9.1b

GoodWe Technologies Valuation

Is 688390 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 688390 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CN¥12.04
Fair Value
239.9% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: 688390 (CN¥40.94) is trading above our estimate of fair value (CN¥12.04)

Significantly Below Fair Value: 688390 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688390?

Key metric: As 688390 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 688390. This is calculated by dividing 688390's market cap by their current revenue.
What is 688390's PS Ratio?
PS Ratio1.5x
SalesCN¥6.65b
Market CapCN¥9.11b

Price to Sales Ratio vs Peers

How does 688390's PS Ratio compare to its peers?

The above table shows the PS ratio for 688390 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.3x
300693 Shenzhen Sinexcel ElectricLtd
3.1x28.8%CN¥9.0b
300820 Sichuan Injet Electric
5.7x19.2%CN¥11.3b
688800 Suzhou Recodeal Interconnect SystemLtd
5.3x21.1%CN¥11.7b
688698 Suzhou Veichi Electric
7x26.8%CN¥10.4b
688390 GoodWe Technologies
1.5x33.8%CN¥9.1b

Price-To-Sales vs Peers: 688390 is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (5.3x).

Price to Sales Ratio vs Industry

How does 688390's PS Ratio compare vs other companies in the CN Electrical Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
600973 Baosheng Science and Technology InnovationLtd
0.1x4.2%US$956.94m
605222 Shanghai QiFan Cable
0.3x10.2%US$875.33m
002300 Fujian Nanping Sun Cable
0.3xn/aUS$522.90m
603527 Anhui Zhongyuan New Materials
0.3x16.8%US$408.41m
688390 1.5xIndustry Avg. 2.3xNo. of Companies44PS01.63.24.86.48+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 688390 is good value based on its Price-To-Sales Ratio (1.5x) compared to the CN Electrical industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 688390'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.

688390 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ratio3.3x

Price-To-Sales vs Fair Ratio: 688390 is good value based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (3.3x).

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 688390 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥40.94
CN¥52.80
+29.0%
4.2%CN¥55.00CN¥50.60n/a2
Jan ’26CN¥40.90
CN¥52.80
+29.1%
4.2%CN¥55.00CN¥50.60n/a2
Dec ’25CN¥47.96
CN¥59.56
+24.2%
8.4%CN¥66.49CN¥55.00n/a3
Nov ’25CN¥50.29
CN¥60.45
+20.2%
11.7%CN¥68.31CN¥52.00n/a4
Oct ’25CN¥60.89
CN¥60.45
-0.7%
11.7%CN¥68.31CN¥52.00n/a4
Sep ’25CN¥47.95
CN¥65.27
+36.1%
12.5%CN¥74.29CN¥52.00n/a4
Aug ’25CN¥60.30
CN¥65.27
+8.2%
12.5%CN¥74.29CN¥52.00n/a4
Jul ’25CN¥58.90
CN¥65.27
+10.8%
12.5%CN¥74.29CN¥52.00n/a4
Jun ’25CN¥73.39
CN¥65.67
-10.5%
11.5%CN¥74.29CN¥53.57n/a4
May ’25CN¥66.54
CN¥65.67
-1.3%
11.5%CN¥74.29CN¥53.57n/a4
Apr ’25CN¥79.07
CN¥95.43
+20.7%
11.6%CN¥107.86CN¥77.86n/a4
Mar ’25CN¥79.50
CN¥95.43
+20.0%
11.6%CN¥107.86CN¥77.86n/a4
Feb ’25CN¥68.58
CN¥95.43
+39.2%
11.6%CN¥107.86CN¥77.86n/a4
Jan ’25CN¥93.27
CN¥119.42
+28.0%
35.9%CN¥191.07CN¥77.86CN¥40.904
Dec ’24CN¥76.65
CN¥119.42
+55.8%
35.9%CN¥191.07CN¥77.86CN¥47.964
Nov ’24CN¥80.43
CN¥119.42
+48.5%
35.9%CN¥191.07CN¥77.86CN¥50.294
Oct ’24CN¥94.42
CN¥173.96
+84.2%
24.5%CN¥211.73CN¥109.82CN¥60.896
Sep ’24CN¥97.44
CN¥173.96
+78.5%
24.5%CN¥211.73CN¥109.82CN¥47.956
Aug ’24CN¥113.10
CN¥184.68
+63.3%
19.5%CN¥214.29CN¥109.82CN¥60.306
Jul ’24CN¥119.19
CN¥187.24
+57.1%
20.5%CN¥229.59CN¥109.85CN¥58.906
Jun ’24CN¥120.41
CN¥200.79
+66.8%
31.5%CN¥321.43CN¥109.85CN¥73.396
May ’24CN¥132.45
CN¥218.97
+65.3%
24.2%CN¥321.43CN¥176.07CN¥66.545
Apr ’24CN¥147.68
CN¥235.69
+59.6%
26.1%CN¥321.43CN¥180.54CN¥79.073
Mar ’24CN¥187.44
CN¥241.51
+28.8%
24.5%CN¥321.43CN¥180.54CN¥79.503
Feb ’24CN¥205.92
CN¥241.51
+17.3%
24.5%CN¥321.43CN¥180.54CN¥68.583
Jan ’24CN¥164.84
CN¥167.71
+1.7%
46.0%CN¥260.20CN¥67.83CN¥93.274
Analyst Price Target
Consensus Narrative from 2 Analysts
CN¥52.80
Fair Value
22.5% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/23 09:34
End of Day Share Price 2025/01/23 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

GoodWe Technologies Co., Ltd. is covered by 9 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.

AnalystInstitution
Xinhao JiangChina International Capital Corporation Limited
Pengwei HuaCitic Securities Co., Ltd.
Zhongshu YinEverbright Securities Co. Ltd.