XJ Electric Co., Ltd.

SZSE:000400 Stock Report

Market Cap: CN¥27.0b

XJ Electric Valuation

Is 000400 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 000400 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000400 (CN¥26.48) is trading below our estimate of fair value (CN¥28.8)

Significantly Below Fair Value: 000400 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 000400?

Key metric: As 000400 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000400. This is calculated by dividing 000400's market cap by their current earnings.
What is 000400's PE Ratio?
PE Ratio24.8x
EarningsCN¥1.09b
Market CapCN¥26.98b

Price to Earnings Ratio vs Peers

How does 000400's PE Ratio compare to its peers?

The above table shows the PE ratio for 000400 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.5x
688349 Sany Renewable EnergyLtd
22.7x29.0%CN¥37.7b
601179 China XD Electric
34.5x26.9%CN¥39.0b
002202 Goldwind Science&Technology
24.9x26.1%CN¥39.9b
601096 Hsino Tower Group
55.9xn/aCN¥11.9b
000400 XJ Electric
24.8x25.7%CN¥27.0b

Price-To-Earnings vs Peers: 000400 is good value based on its Price-To-Earnings Ratio (24.8x) compared to the peer average (34.5x).

Price to Earnings Ratio vs Industry

How does 000400's PE Ratio compare vs other companies in the CN Electrical Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
300023 Bode Energy Equipment
3.6xn/aUS$51.42m
No more companies available in this PE range
000400 24.8xIndustry Avg. 36.0xNo. of Companies41PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 000400 is good value based on its Price-To-Earnings Ratio (24.8x) compared to the CN Electrical industry average (35.7x).

Price to Earnings Ratio vs Fair Ratio

What is 000400'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.

000400 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.8x
Fair PE Ratio27.5x

Price-To-Earnings vs Fair Ratio: 000400 is good value based on its Price-To-Earnings Ratio (24.8x) compared to the estimated Fair Price-To-Earnings Ratio (27.5x).

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 000400 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥26.48
CN¥35.54
+34.2%
5.5%CN¥38.00CN¥31.50n/a9
Nov ’25CN¥31.01
CN¥35.09
+13.2%
5.4%CN¥38.00CN¥31.50n/a9
Oct ’25CN¥34.19
CN¥35.05
+2.5%
5.8%CN¥38.00CN¥31.50n/a8
Sep ’25CN¥28.60
CN¥35.18
+23.0%
5.7%CN¥38.00CN¥31.50n/a8
Aug ’25CN¥30.41
CN¥34.39
+13.1%
10.6%CN¥39.00CN¥28.00n/a8
Jul ’25CN¥34.59
CN¥32.14
-7.1%
10.8%CN¥38.00CN¥27.00n/a8
Jun ’25CN¥29.67
CN¥31.01
+4.5%
7.2%CN¥33.50CN¥27.00n/a8
May ’25CN¥26.49
CN¥31.01
+17.1%
7.2%CN¥33.50CN¥27.00n/a8
Apr ’25CN¥24.20
CN¥25.78
+6.5%
13.1%CN¥30.70CN¥21.50n/a8
Mar ’25CN¥22.66
CN¥24.05
+6.1%
9.5%CN¥28.46CN¥21.50n/a8
Feb ’25CN¥19.83
CN¥24.05
+21.3%
9.5%CN¥28.46CN¥21.50n/a8
Jan ’25CN¥21.96
CN¥22.45
+2.2%
11.4%CN¥27.00CN¥17.56n/a8
Dec ’24CN¥20.54
CN¥22.20
+8.1%
11.2%CN¥27.00CN¥17.56n/a8
Nov ’24CN¥17.22
CN¥22.53
+30.8%
11.1%CN¥26.13CN¥17.56CN¥31.019
Oct ’24CN¥19.39
CN¥22.79
+17.5%
12.4%CN¥26.13CN¥17.56CN¥34.1910
Sep ’24CN¥19.43
CN¥25.21
+29.7%
19.3%CN¥33.14CN¥17.56CN¥28.6011
Aug ’24CN¥22.44
CN¥25.42
+13.3%
22.0%CN¥33.14CN¥14.00CN¥30.4110
Jul ’24CN¥23.05
CN¥25.02
+8.6%
22.4%CN¥33.14CN¥14.00CN¥34.599
Jun ’24CN¥22.53
CN¥25.02
+11.1%
22.4%CN¥33.14CN¥14.00CN¥29.679
May ’24CN¥22.50
CN¥24.86
+10.5%
23.4%CN¥33.14CN¥14.00CN¥26.499
Apr ’24CN¥23.40
CN¥24.58
+5.0%
27.0%CN¥33.14CN¥14.00CN¥24.208
Mar ’24CN¥24.56
CN¥24.00
-2.3%
26.6%CN¥33.14CN¥14.00CN¥22.668
Feb ’24CN¥22.41
CN¥22.70
+1.3%
25.3%CN¥30.00CN¥14.00CN¥19.837
Jan ’24CN¥19.97
CN¥22.80
+14.1%
24.6%CN¥30.00CN¥14.00CN¥21.967
Dec ’23CN¥21.61
CN¥20.78
-3.8%
25.2%CN¥27.00CN¥14.00CN¥20.545
Nov ’23CN¥19.59
CN¥20.72
+5.8%
25.6%CN¥27.00CN¥14.00CN¥17.225

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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