Beijing LeiKe Defense Technology Valuation

Is 002413 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 002413 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002413 (CN¥4.71) is trading below our estimate of fair value (CN¥9.16)

Significantly Below Fair Value: 002413 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002413?

Key metric: As 002413 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002413. This is calculated by dividing 002413's market cap by their current revenue.
What is 002413's PS Ratio?
PS Ratio	5.2x
Sales	CN¥1.19b
Market Cap	CN¥6.14b

002413 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	5.1x
Enterprise Value/EBITDA	-24x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002413's PS Ratio compare to its peers?

The above table shows the PS ratio for 002413 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	14.9x
300324 Beijing Watertek Information Technology	2.4x	n/a	CN¥6.5b
300397 Xi'an Tianhe Defense Technology	18.7x	n/a	CN¥6.8b
600184 North Electro-OpticLtd	3.2x	19.9%	CN¥5.7b
300581 Xi'an ChenXi Aviation Technology	35.3x	n/a	CN¥7.3b
002413 Beijing LeiKe Defense Technology	5.2x	21.9%	CN¥6.1b

Price-To-Sales vs Peers: 002413 is good value based on its Price-To-Sales Ratio (5.2x) compared to the peer average (14.9x).

Price to Sales Ratio vs Industry

How does 002413's PS Ratio compare vs other companies in the CN Aerospace & Defense Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
600038 Avicopter	1.4x	21.6%	US$4.47b
600391 Aecc Aero Science and TechnologyLtd	1.5x	15.9%	US$843.38m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 002413 is good value based on its Price-To-Sales Ratio (5.2x) compared to the CN Aerospace & Defense industry average (9x).

Price to Sales Ratio vs Fair Ratio

What is 002413'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.

002413 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	5.2x
Fair PS Ratio	1.6x

Price-To-Sales vs Fair Ratio: 002413 is expensive based on its Price-To-Sales Ratio (5.2x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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