Sieyuan Electric Co., Ltd.

SZSE:002028 Stock Report

Market Cap: CN¥54.6b

Sieyuan Electric Valuation

Is 2028 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 2028 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002028 (CN¥70.53) is trading above our estimate of fair value (CN¥40.36)

Significantly Below Fair Value: 002028 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2028?

Other financial metrics that can be useful for relative valuation.

2028 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/Revenue3.9x
Enterprise Value/EBITDA24.6x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does 2028's PE Ratio compare to its peers?

The above table shows the PE ratio for 2028 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.6x
601877 Zhejiang Chint Electrics
13.2x17.6%CN¥46.5b
601567 Ningbo Sanxing Medical ElectricLtd
23.3x19.0%CN¥46.6b
9.3x10.1%CN¥73.6b
600522 Jiangsu Zhongtian Technology
16.6x20.6%CN¥49.7b
002028 Sieyuan Electric
32x21.3%CN¥54.6b

Price-To-Earnings vs Peers: 002028 is expensive based on its Price-To-Earnings Ratio (32x) compared to the peer average (15.6x).


Price to Earnings Ratio vs Industry

How does 2028's PE Ratio compare vs other companies in the CN Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a23.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a23.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 002028 is good value based on its Price-To-Earnings Ratio (32x) compared to the CN Electrical industry average (32.7x).


Price to Earnings Ratio vs Fair Ratio

What is 2028'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.

2028 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32x
Fair PE Ratio23.3x

Price-To-Earnings vs Fair Ratio: 002028 is expensive based on its Price-To-Earnings Ratio (32x) compared to the estimated Fair Price-To-Earnings Ratio (23.3x).


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 2028 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥70.53
CN¥72.53
+2.8%
7.1%CN¥80.00CN¥60.00n/a9
May ’25CN¥65.14
CN¥70.37
+8.0%
9.5%CN¥80.00CN¥57.86n/a9
Apr ’25CN¥59.22
CN¥60.48
+2.1%
4.8%CN¥65.00CN¥55.00n/a8
Mar ’25CN¥57.88
CN¥60.48
+4.5%
4.8%CN¥65.00CN¥55.00n/a8
Feb ’25CN¥50.86
CN¥59.84
+17.7%
4.2%CN¥63.00CN¥55.00n/a7
Jan ’25CN¥52.04
CN¥58.81
+13.0%
4.1%CN¥62.00CN¥55.00n/a6
Dec ’24CN¥49.44
CN¥58.64
+18.6%
3.4%CN¥61.00CN¥55.00n/a6
Nov ’24CN¥48.82
CN¥58.64
+20.1%
3.4%CN¥61.00CN¥55.00n/a6
Oct ’24CN¥51.68
CN¥58.64
+13.5%
3.4%CN¥61.00CN¥55.00n/a6
Sep ’24CN¥51.73
CN¥58.37
+12.8%
3.5%CN¥61.00CN¥55.00n/a5
Aug ’24CN¥48.99
CN¥57.77
+17.9%
4.4%CN¥61.00CN¥54.00n/a5
Jul ’24CN¥46.72
CN¥56.32
+20.5%
5.0%CN¥61.80CN¥54.00n/a5
Jun ’24CN¥47.72
CN¥56.32
+18.0%
5.0%CN¥61.80CN¥54.00n/a5
May ’24CN¥45.96
CN¥56.32
+22.5%
5.0%CN¥61.80CN¥54.00CN¥65.145
Apr ’24CN¥45.72
CN¥52.80
+15.5%
4.6%CN¥55.90CN¥50.00CN¥59.223
Mar ’24CN¥46.18
CN¥52.80
+14.3%
4.6%CN¥55.90CN¥50.00CN¥57.883
Feb ’24CN¥43.70
CN¥52.80
+20.8%
4.6%CN¥55.90CN¥50.00CN¥50.863
Jan ’24CN¥38.22
CN¥51.00
+33.4%
6.6%CN¥55.50CN¥47.50CN¥52.043
Dec ’23CN¥38.88
CN¥48.75
+25.4%
2.6%CN¥50.00CN¥47.50CN¥49.442
Nov ’23CN¥35.80
CN¥48.75
+36.2%
2.6%CN¥50.00CN¥47.50CN¥48.822
Oct ’23CN¥38.22
CN¥56.25
+47.2%
2.2%CN¥57.50CN¥55.00CN¥51.682
Sep ’23CN¥40.72
CN¥56.25
+38.1%
2.2%CN¥57.50CN¥55.00CN¥51.732
Aug ’23CN¥43.98
CN¥45.25
+2.9%
10.5%CN¥50.00CN¥40.50CN¥48.992
Jul ’23CN¥33.80
CN¥42.75
+26.5%
5.3%CN¥45.00CN¥40.50CN¥46.722
Jun ’23CN¥38.71
CN¥42.75
+10.4%
5.3%CN¥45.00CN¥40.50CN¥47.722
May ’23CN¥30.08
CN¥42.75
+42.1%
5.3%CN¥45.00CN¥40.50CN¥45.962

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


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