SolaX Power Network Technology (Zhejiang) Valuation

Is 688717 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-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 688717 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688717 (CN¥58.12) is trading below our estimate of fair value (CN¥63.94)

Significantly Below Fair Value: 688717 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 688717?

Key metric: As 688717 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688717. This is calculated by dividing 688717's market cap by their current earnings.
What is 688717's PE Ratio?
PE Ratio	45x
Earnings	CN¥206.87m
Market Cap	CN¥9.30b

688717 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	71.1x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

How does 688717's PE Ratio compare to its peers?

The above table shows the PE ratio for 688717 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	31.4x
603530 Jiangsu Shemar ElectricLtd	32.5x	n/a	CN¥9.1b
300224 Yantai Zhenghai Magnetic Material	41.9x	21.1%	CN¥11.3b
601311 Camel Group	15.4x	19.5%	CN¥10.1b
002635 Suzhou Anjie Technology	36x	35.8%	CN¥10.5b
688717 SolaX Power Network Technology (Zhejiang)	45x	54.1%	CN¥9.3b

Price-To-Earnings vs Peers: 688717 is expensive based on its Price-To-Earnings Ratio (45x) compared to the peer average (31.4x).

Price to Earnings Ratio vs Industry

How does 688717'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: 688717 is expensive based on its Price-To-Earnings Ratio (45x) compared to the CN Electrical industry average (35.7x).

Price to Earnings Ratio vs Fair Ratio

What is 688717'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.

688717 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	45x
Fair PE Ratio	53.8x

Price-To-Earnings vs Fair Ratio: 688717 is good value based on its Price-To-Earnings Ratio (45x) compared to the estimated Fair Price-To-Earnings Ratio (53.8x).

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 688717 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¥58.12	CN¥71.91 +23.7%	4.9%	CN¥75.00	CN¥67.00	n/a	3
Nov ’25	CN¥57.56	CN¥74.24 +29.0%	0.7%	CN¥75.00	CN¥73.73	n/a	3
Oct ’25	CN¥73.71	CN¥74.24 +0.7%	0.7%	CN¥75.00	CN¥73.73	n/a	3
Sep ’25	CN¥62.87	CN¥77.50 +23.3%	16.1%	CN¥90.00	CN¥65.00	n/a	2

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

Discover undervalued companies

Ningbo Deye Technology Group

CN¥57.0b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

605117

CN¥88.39

-6.5%

86.0%

Zbom Home CollectionLtd

CN¥5.6b

Engages in the research, development, production and sale of customized building products in China and internationally.

603801

CN¥12.87

-6.1%

-34.1%

China National Chemical Engineering

CN¥50.8b

An industrial engineering company, engages in the general contracting of construction, infrastructure, and overseas projects in the fields of chemical, petrochemical, pharmaceutical, power, and coal industries in China.

601117

CN¥8.31

-1.9%

21.1%