Tianrun Industry Technology Valuation

Q: What is the Fair Price of 002283 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002283 (CN¥4.98) is trading above our estimate of [[fair value]] (CN¥3.18)

Is 002283 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 002283 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002283 (CN¥4.98) is trading above our estimate of fair value (CN¥3.18)

Significantly Below Fair Value: 002283 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002283?

Key metric: As 002283 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002283. This is calculated by dividing 002283's market cap by their current earnings.
What is 002283's PE Ratio?
PE Ratio	16.1x
Earnings	CN¥348.93m
Market Cap	CN¥5.63b

002283 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	1.3x
Enterprise Value/EBITDA	6.8x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does 002283's PE Ratio compare to its peers?

The above table shows the PE ratio for 002283 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	30.3x
002111 Weihai Guangtai Airport EquipmentLtd	30x	42.9%	CN¥5.6b
300201 Xuzhou Handler Special Vehicle	26.7x	24.5%	CN¥5.5b
301048 Gemac Engineering Machinery	22.6x	n/a	CN¥5.1b
300099 Uroica Precision Information EngineeringLtd	42x	n/a	CN¥4.8b
002283 Tianrun Industry Technology	16.1x	26.2%	CN¥5.6b

Price-To-Earnings vs Peers: 002283 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (30.3x).

Price to Earnings Ratio vs Industry

How does 002283's PE Ratio compare vs other companies in the CN Machinery Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
002021 Zoje Resources Investment	4.6x	n/a	US$396.73m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 002283 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the CN Machinery industry average (34.4x).

Price to Earnings Ratio vs Fair Ratio

What is 002283'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.

002283 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.1x
Fair PE Ratio	22.3x

Price-To-Earnings vs Fair Ratio: 002283 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.3x).

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 002283 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¥4.98	CN¥6.28 +26.1%	11.5%	CN¥7.00	CN¥5.56	n/a	2
Nov ’25	CN¥4.64	CN¥6.28 +35.3%	11.5%	CN¥7.00	CN¥5.56	n/a	2
Oct ’25	CN¥4.90	CN¥6.28 +28.2%	11.5%	CN¥7.00	CN¥5.56	n/a	2
Sep ’25	CN¥4.13	CN¥6.28 +52.1%	11.5%	CN¥7.00	CN¥5.56	n/a	2
Aug ’25	CN¥4.39	CN¥7.26 +65.3%	3.5%	CN¥7.51	CN¥7.00	n/a	2
Jul ’25	CN¥4.31	CN¥7.26 +68.3%	3.5%	CN¥7.51	CN¥7.00	n/a	2
Jun ’25	CN¥4.79	CN¥7.26 +51.5%	3.5%	CN¥7.51	CN¥7.00	n/a	2
May ’25	CN¥5.14	CN¥7.26 +41.1%	3.5%	CN¥7.51	CN¥7.00	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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