Miracle Automation EngineeringLtd (SZSE:002009) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 002009 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002009 (CN¥13.57) is trading above our estimate of [[fair value]] (CN¥0.26)

Share Price vs Fair Value

What is the Fair Price of 002009 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002009 (CN¥13.57) is trading above our estimate of fair value (CN¥0.26)

Significantly Below Fair Value: 002009 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002009?

Key metric: As 002009 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002009. This is calculated by dividing 002009's market cap by their current revenue.
What is 002009's PS Ratio?
PS Ratio	1.9x
Sales	CN¥2.95b
Market Cap	CN¥5.46b

002009 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	-36.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002009's PS Ratio compare to its peers?

The above table shows the PS ratio for 002009 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	5.1x
600468 Tianjin Benefo Tejing Electric	2.9x	n/a	CN¥5.5b
002786 Shenzhen Silver Basis Technology	2.4x	n/a	CN¥5.5b
301368 Zhejiang FORE Intelligent TechnologyLtd	11.7x	n/a	CN¥5.7b
603985 Jiangyin Hengrun Heavy Industries	3.3x	n/a	CN¥5.6b
002009 Miracle Automation EngineeringLtd	1.9x	47.3%	CN¥5.5b

Price-To-Sales vs Peers: 002009 is good value based on its Price-To-Sales Ratio (1.9x) compared to the peer average (5.1x).

Price to Sales Ratio vs Industry

How does 002009's PS Ratio compare vs other companies in the CN Machinery Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
000039 China International Marine Containers (Group)	0.3x	5.0%	US$4.84b
000951 Sinotruk Jinan TruckLtd	0.4x	14.6%	US$2.66b
600686 Xiamen King Long Motor Group	0.4x	n/a	US$1.19b
000404 Changhong Huayi Compressor	0.4x	4.8%	US$683.94m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 002009 is good value based on its Price-To-Sales Ratio (1.9x) compared to the CN Machinery industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is 002009'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.

002009 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.9x
Fair PS Ratio	2.7x

Price-To-Sales vs Fair Ratio: 002009 is good value based on its Price-To-Sales Ratio (1.9x) compared to the estimated Fair Price-To-Sales Ratio (2.7x).

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 002009 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¥13.57	CN¥16.00 +17.9%	12.5%	CN¥18.00	CN¥14.00	n/a	2
Sep ’25	CN¥11.02	CN¥16.00 +45.2%	12.5%	CN¥18.00	CN¥14.00	n/a	2
Aug ’25	CN¥11.90	CN¥16.00 +34.5%	12.5%	CN¥18.00	CN¥14.00	n/a	2
Jul ’25	CN¥11.60	CN¥16.00 +37.9%	12.5%	CN¥18.00	CN¥14.00	n/a	2
Jun ’25	CN¥12.78	CN¥16.00 +25.2%	12.5%	CN¥18.00	CN¥14.00	n/a	2
May ’25	CN¥14.67	CN¥16.00 +9.1%	12.5%	CN¥18.00	CN¥14.00	n/a	2
Apr ’25	CN¥15.60	CN¥16.00 +2.6%	12.5%	CN¥18.00	CN¥14.00	n/a	2
Mar ’25	CN¥13.42	CN¥16.00 +19.2%	12.5%	CN¥18.00	CN¥14.00	n/a	2
Feb ’25	CN¥9.58	CN¥16.00 +67.0%	12.5%	CN¥18.00	CN¥14.00	n/a	2
Nov ’24	CN¥12.45	CN¥19.49 +56.5%	7.6%	CN¥20.98	CN¥18.00	CN¥12.05	2
Oct ’24	CN¥11.77	CN¥19.49 +65.6%	7.6%	CN¥20.98	CN¥18.00	CN¥12.80	2
Sep ’24	CN¥13.85	CN¥19.49 +40.7%	7.6%	CN¥20.98	CN¥18.00	CN¥11.02	2
Aug ’24	CN¥13.17	CN¥18.99 +44.2%	7.4%	CN¥20.98	CN¥18.00	CN¥11.90	3
Jul ’24	CN¥15.08	CN¥18.99 +26.0%	7.4%	CN¥20.98	CN¥18.00	CN¥11.60	3
Jun ’24	CN¥12.48	CN¥18.99 +52.2%	7.4%	CN¥20.98	CN¥18.00	CN¥12.78	3
May ’24	CN¥12.14	CN¥18.99 +56.5%	7.4%	CN¥20.98	CN¥18.00	CN¥14.67	3
Mar ’24	CN¥16.20	CN¥23.77 +46.7%	24.3%	CN¥29.53	CN¥18.00	CN¥13.42	2
Feb ’24	CN¥16.18	CN¥23.77 +46.9%	24.3%	CN¥29.53	CN¥18.00	CN¥9.58	2
Jan ’24	CN¥14.16	CN¥23.77 +67.8%	24.3%	CN¥29.53	CN¥18.00	CN¥15.09	2

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Miracle Automation EngineeringLtd Valuation