Hainan Jinpan Smart Technology Valuation

Q: What is the Fair Price of 688676 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688676 (CN¥32.55) is trading below our estimate of [[fair value]] (CN¥85.88)

Is 688676 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 688676 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688676 (CN¥32.55) is trading below our estimate of fair value (CN¥85.88)

Significantly Below Fair Value: 688676 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688676?

Key metric: As 688676 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688676. This is calculated by dividing 688676's market cap by their current earnings.
What is 688676's PE Ratio?
PE Ratio	25.9x
Earnings	CN¥575.20m
Market Cap	CN¥14.57b

688676 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	2.3x
Enterprise Value/EBITDA	18.7x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

How does 688676's PE Ratio compare to its peers?

The above table shows the PE ratio for 688676 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	34.1x
301291 Guangdong Mingyang ElectricLtd	20x	24.2%	CN¥12.4b
601096 Hsino Tower Group	55.7x	n/a	CN¥11.9b
601369 Xi'an Shaangu Power	15.9x	16.3%	CN¥15.2b
002531 Titan Wind Energy (Suzhou)Ltd	44.7x	63.5%	CN¥16.4b
688676 Hainan Jinpan Smart Technology	25.9x	33.6%	CN¥14.9b

Price-To-Earnings vs Peers: 688676 is good value based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (34.1x).

Price to Earnings Ratio vs Industry

How does 688676's PE Ratio compare vs other companies in the CN Electrical Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
300023 Bode Energy Equipment	3.6x	n/a	US$51.42m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 688676 is good value based on its Price-To-Earnings Ratio (25.9x) compared to the CN Electrical industry average (35.1x).

Price to Earnings Ratio vs Fair Ratio

What is 688676'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.

688676 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	25.9x
Fair PE Ratio	32.8x

Price-To-Earnings vs Fair Ratio: 688676 is good value based on its Price-To-Earnings Ratio (25.9x) compared to the estimated Fair Price-To-Earnings Ratio (32.9x).

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 688676 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¥32.55	CN¥45.58 +40.0%	28.0%	CN¥60.00	CN¥25.00	n/a	4
Nov ’25	CN¥34.83	CN¥45.58 +30.9%	28.0%	CN¥60.00	CN¥25.00	n/a	4
Oct ’25	CN¥36.88	CN¥47.08 +27.7%	28.2%	CN¥60.00	CN¥25.00	n/a	4
Sep ’25	CN¥31.42	CN¥50.83 +61.8%	14.4%	CN¥60.00	CN¥40.00	n/a	4
Aug ’25	CN¥39.62	CN¥59.88 +51.1%	13.4%	CN¥68.00	CN¥50.00	n/a	4
Jul ’25	CN¥47.48	CN¥59.88 +26.1%	13.4%	CN¥68.00	CN¥50.00	n/a	4
Jun ’25	CN¥58.01	CN¥59.88 +3.2%	13.4%	CN¥68.00	CN¥50.00	n/a	4
May ’25	CN¥49.30	CN¥50.77 +3.0%	4.7%	CN¥54.00	CN¥48.30	n/a	3
Apr ’25	CN¥41.99	CN¥49.72 +18.4%	6.2%	CN¥54.00	CN¥46.86	n/a	3
Mar ’25	CN¥39.21	CN¥48.03 +22.5%	9.3%	CN¥54.00	CN¥43.22	n/a	3
Feb ’25	CN¥35.83	CN¥48.61 +35.7%	11.1%	CN¥54.00	CN¥43.22	n/a	2
Jan ’25	CN¥35.83	CN¥48.61 +35.7%	11.1%	CN¥54.00	CN¥43.22	n/a	2
Dec ’24	CN¥31.50	CN¥48.61 +54.3%	11.1%	CN¥54.00	CN¥43.22	n/a	2
Nov ’24	CN¥33.57	CN¥48.61 +44.8%	11.1%	CN¥54.00	CN¥43.22	CN¥34.83	2
Oct ’24	CN¥34.78	CN¥48.61 +39.8%	11.1%	CN¥54.00	CN¥43.22	CN¥36.88	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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