Zhejiang Dun'an Artificial Environment Valuation

Q: What is the Fair Price of 002011 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002011 (CN¥11.04) is trading below our estimate of [[fair value]] (CN¥70.41)

Is 002011 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

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 002011 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002011 (CN¥11.04) is trading below our estimate of fair value (CN¥70.41)

Significantly Below Fair Value: 002011 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002011?

Key metric: As 002011 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002011. This is calculated by dividing 002011's market cap by their current earnings.
What is 002011's PE Ratio?
PE Ratio	13.8x
Earnings	CN¥846.63m
Market Cap	CN¥11.67b

002011 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	0.9x
Enterprise Value/EBITDA	9.3x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does 002011's PE Ratio compare to its peers?

The above table shows the PE ratio for 002011 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	40.8x
301018 Guangdong Shenling Environmental Systems	83.7x	40.6%	CN¥8.3b
601636 Zhuzhou Kibing GroupLtd	13.5x	23.3%	CN¥16.3b
002791 Guangdong KinLong Hardware ProductsLtd	44.4x	43.2%	CN¥9.4b
603992 Xiamen Solex High-tech Industries	21.5x	15.6%	CN¥7.9b
002011 Zhejiang Dun'an Artificial Environment	13.8x	18.5%	CN¥11.7b

Price-To-Earnings vs Peers: 002011 is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (40.8x).

Price to Earnings Ratio vs Industry

How does 002011's PE Ratio compare vs other companies in the CN Building Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 002011 is good value based on its Price-To-Earnings Ratio (13.8x) compared to the CN Building industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is 002011'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.

002011 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.8x
Fair PE Ratio	20.8x

Price-To-Earnings vs Fair Ratio: 002011 is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).

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 002011 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¥11.04	CN¥15.91 +44.1%	2.2%	CN¥16.28	CN¥15.45	n/a	3
Dec ’25	CN¥10.98	CN¥15.91 +44.9%	2.2%	CN¥16.28	CN¥15.45	n/a	3
Nov ’25	CN¥10.90	CN¥15.91 +46.0%	2.2%	CN¥16.28	CN¥15.45	n/a	3
Oct ’25	CN¥11.92	CN¥15.31 +28.4%	7.7%	CN¥16.28	CN¥13.65	n/a	3
Sep ’25	CN¥10.47	CN¥15.31 +46.2%	7.7%	CN¥16.28	CN¥13.65	n/a	3
Aug ’25	CN¥10.66	CN¥16.22 +52.2%	1.0%	CN¥16.38	CN¥16.00	n/a	3
Jul ’25	CN¥10.10	CN¥16.22 +60.6%	1.0%	CN¥16.38	CN¥16.00	n/a	3
Jun ’25	CN¥11.58	CN¥16.22 +40.1%	1.0%	CN¥16.38	CN¥16.00	n/a	3
May ’25	CN¥12.02	CN¥16.22 +34.9%	1.0%	CN¥16.38	CN¥16.00	n/a	3
Apr ’25	CN¥12.67	CN¥16.69 +31.8%	4.7%	CN¥17.80	CN¥16.00	n/a	3
Mar ’25	CN¥13.01	CN¥16.69 +28.3%	4.7%	CN¥17.80	CN¥16.00	n/a	3
Feb ’25	CN¥10.90	CN¥16.69 +53.1%	4.7%	CN¥17.80	CN¥16.00	n/a	3
Jan ’25	CN¥13.75	CN¥16.03 +16.6%	9.7%	CN¥17.80	CN¥14.00	n/a	3
Dec ’24	CN¥12.28	CN¥14.48 +17.9%	3.3%	CN¥14.96	CN¥14.00	CN¥10.98	2
Nov ’24	CN¥12.21	CN¥14.48 +18.6%	3.3%	CN¥14.96	CN¥14.00	CN¥10.90	2
Oct ’24	CN¥11.12	CN¥15.98 +43.7%	6.4%	CN¥17.00	CN¥14.96	CN¥11.92	2
Sep ’24	CN¥11.73	CN¥15.98 +36.2%	6.4%	CN¥17.00	CN¥14.96	CN¥10.47	2
Aug ’24	CN¥13.08	CN¥17.10 +30.7%	0.6%	CN¥17.20	CN¥17.00	CN¥10.66	2
Jul ’24	CN¥13.83	CN¥17.10 +23.6%	0.6%	CN¥17.20	CN¥17.00	CN¥10.10	2
Jun ’24	CN¥12.28	CN¥17.10 +39.3%	0.6%	CN¥17.20	CN¥17.00	CN¥11.58	2
May ’24	CN¥14.38	CN¥17.10 +18.9%	0.6%	CN¥17.20	CN¥17.00	CN¥12.02	2
Apr ’24	CN¥12.81	CN¥17.10 +33.5%	0.6%	CN¥17.20	CN¥17.00	CN¥12.67	2
Mar ’24	CN¥14.72	CN¥17.10 +16.2%	0.6%	CN¥17.20	CN¥17.00	CN¥13.01	2
Feb ’24	CN¥15.68	CN¥17.10 +9.1%	0.6%	CN¥17.20	CN¥17.00	CN¥10.90	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.