Canny Elevator Co., Ltd.

SZSE:002367 Stock Report

Market Cap: CN¥5.5b

Canny Elevator Valuation

Is 002367 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 002367 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002367 (CN¥6.92) is trading above our estimate of fair value (CN¥6.27)

Significantly Below Fair Value: 002367 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002367?

Key metric: As 002367 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002367. This is calculated by dividing 002367's market cap by their current earnings.
What is 002367's PE Ratio?
PE Ratio18.5x
EarningsCN¥296.42m
Market CapCN¥5.48b

Price to Earnings Ratio vs Peers

How does 002367's PE Ratio compare to its peers?

The above table shows the PE ratio for 002367 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.7x
000404 Changhong Huayi Compressor
11.1x11.2%CN¥5.1b
001379 Shandong Tengda Fasten Tech
80.8xn/aCN¥5.5b
002559 Jiangsu Yawei Machine Tool
51.5xn/aCN¥5.2b
300403 Hanyu Group
23.5x12.2%CN¥5.7b
002367 Canny Elevator
18.5x6.4%CN¥5.5b

Price-To-Earnings vs Peers: 002367 is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (41.7x).

Price to Earnings Ratio vs Industry

How does 002367's PE Ratio compare vs other companies in the CN Machinery Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002021 Zoje Resources Investment
5xn/aUS$428.42m
No more companies available in this PE range
002367 18.5xIndustry Avg. 35.8xNo. of Companies49PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002367 is good value based on its Price-To-Earnings Ratio (18.5x) compared to the CN Machinery industry average (35.9x).

Price to Earnings Ratio vs Fair Ratio

What is 002367'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.

002367 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: 002367 is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).

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 002367 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥6.92
CN¥5.75
-16.9%
13.0%CN¥6.50CN¥5.00n/a2
Nov ’25CN¥6.20
CN¥5.75
-7.3%
13.0%CN¥6.50CN¥5.00n/a2
Sep ’25CN¥5.41
CN¥7.25
+34.0%
10.3%CN¥8.00CN¥6.50n/a2
Aug ’25CN¥5.82
CN¥7.25
+24.6%
10.3%CN¥8.00CN¥6.50n/a2
Jul ’25CN¥5.87
CN¥7.25
+23.5%
10.3%CN¥8.00CN¥6.50n/a2
Jun ’25CN¥6.46
CN¥8.05
+24.6%
0.6%CN¥8.10CN¥8.00n/a2
Apr ’25CN¥7.20
CN¥8.45
+17.4%
4.1%CN¥8.80CN¥8.10n/a2
Mar ’25CN¥7.24
CN¥8.45
+16.7%
4.1%CN¥8.80CN¥8.10n/a2
Feb ’25CN¥6.34
CN¥8.55
+34.9%
2.9%CN¥8.80CN¥8.30n/a2
Jan ’25CN¥7.52
CN¥8.55
+13.7%
2.9%CN¥8.80CN¥8.30n/a2
Dec ’24CN¥7.91
CN¥8.55
+8.1%
2.9%CN¥8.80CN¥8.30n/a2
Nov ’24CN¥7.81
CN¥8.55
+9.5%
2.9%CN¥8.80CN¥8.30CN¥6.202
Oct ’24CN¥8.77
CN¥8.60
-1.9%
3.5%CN¥8.90CN¥8.30CN¥6.682
Sep ’24CN¥8.76
CN¥8.60
-1.8%
3.5%CN¥8.90CN¥8.30CN¥5.412
Aug ’24CN¥8.82
CN¥8.60
-2.5%
3.5%CN¥8.90CN¥8.30CN¥5.822
Jul ’24CN¥9.13
CN¥8.60
-5.8%
3.5%CN¥8.90CN¥8.30CN¥5.872
Jun ’24CN¥8.21
CN¥8.60
+4.8%
3.5%CN¥8.90CN¥8.30CN¥6.462
May ’24CN¥8.51
CN¥8.60
+1.1%
3.5%CN¥8.90CN¥8.30CN¥6.982
Apr ’24CN¥8.17
CN¥7.80
-4.5%
6.4%CN¥8.30CN¥7.30CN¥7.202
Mar ’24CN¥8.14
CN¥7.80
-4.2%
6.4%CN¥8.30CN¥7.30CN¥7.242
Feb ’24CN¥7.90
CN¥7.80
-1.3%
6.4%CN¥8.30CN¥7.30CN¥6.342
Jan ’24CN¥7.50
CN¥7.80
+4.0%
6.4%CN¥8.30CN¥7.30CN¥7.522
Dec ’23CN¥7.48
CN¥7.80
+4.3%
6.4%CN¥8.30CN¥7.30CN¥7.912
Nov ’23CN¥6.81
CN¥7.80
+14.5%
6.4%CN¥8.30CN¥7.30CN¥7.812

Analyst Forecast: Target price is lower than the current share price.

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