Hefei Meyer Optoelectronic Technology Inc.

SZSE:002690 Stock Report

Market Cap: CN¥13.5b

Hefei Meyer Optoelectronic Technology Valuation

Is 002690 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 002690 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002690 (CN¥15.72) is trading below our estimate of fair value (CN¥16.7)

Significantly Below Fair Value: 002690 is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002690?

Key metric: As 002690 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002690. This is calculated by dividing 002690's market cap by their current earnings.
What is 002690's PE Ratio?
PE Ratio21.9x
EarningsCN¥631.70m
Market CapCN¥13.48b

Price to Earnings Ratio vs Peers

How does 002690's PE Ratio compare to its peers?

The above table shows the PE ratio for 002690 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.7x
002270 Huaming Power EquipmentLtd
27.5x19.8%CN¥15.8b
300475 Shannon Semiconductor TechnologyLtd
27.4x10.5%CN¥14.0b
600619 Shanghai Highly (Group)
109.9xn/aCN¥11.8b
601882 Ningbo Haitian Precision MachineryLtd
22x21.3%CN¥12.0b
002690 Hefei Meyer Optoelectronic Technology
21.9x16.2%CN¥13.5b

Price-To-Earnings vs Peers: 002690 is good value based on its Price-To-Earnings Ratio (21.9x) compared to the peer average (46.7x).


Price to Earnings Ratio vs Industry

How does 002690's PE Ratio compare vs other companies in the CN Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
002690 21.9xIndustry Avg. 35.0xNo. of Companies50PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002690 is good value based on its Price-To-Earnings Ratio (21.9x) compared to the CN Machinery industry average (35x).


Price to Earnings Ratio vs Fair Ratio

What is 002690'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.

002690 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.9x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: 002690 is expensive based on its Price-To-Earnings Ratio (21.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).


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 002690 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥15.72
CN¥16.68
+6.1%
13.4%CN¥20.00CN¥14.20n/a7
Nov ’25CN¥15.23
CN¥19.45
+27.7%
35.6%CN¥35.49CN¥14.20n/a7
Oct ’25CN¥15.97
CN¥20.04
+25.5%
38.7%CN¥35.49CN¥14.20n/a7
Sep ’25CN¥12.94
CN¥20.04
+54.9%
38.7%CN¥35.49CN¥14.20n/a7
Aug ’25CN¥15.61
CN¥25.13
+61.0%
21.5%CN¥35.49CN¥17.30n/a7
Jul ’25CN¥16.34
CN¥25.13
+53.8%
21.5%CN¥35.49CN¥17.30n/a7
Jun ’25CN¥16.88
CN¥25.13
+48.9%
21.5%CN¥35.49CN¥17.30n/a7
May ’25CN¥17.92
CN¥25.13
+40.3%
21.5%CN¥35.49CN¥17.30n/a7
Apr ’25CN¥19.16
CN¥25.13
+31.2%
22.1%CN¥35.49CN¥16.20n/a7
Mar ’25CN¥19.29
CN¥24.75
+28.3%
22.6%CN¥35.49CN¥16.20n/a7
Feb ’25CN¥15.58
CN¥25.81
+65.6%
17.1%CN¥35.49CN¥21.60n/a7
Jan ’25CN¥19.64
CN¥27.21
+38.5%
18.0%CN¥35.49CN¥21.60n/a7
Dec ’24CN¥19.64
CN¥27.21
+38.5%
18.0%CN¥35.49CN¥21.60n/a7
Nov ’24CN¥19.61
CN¥27.21
+38.7%
18.0%CN¥35.49CN¥21.60CN¥15.237
Oct ’24CN¥20.98
CN¥28.22
+34.5%
15.4%CN¥35.49CN¥21.60CN¥15.977
Sep ’24CN¥23.66
CN¥28.95
+22.3%
19.0%CN¥38.71CN¥21.60CN¥12.946
Aug ’24CN¥25.88
CN¥35.05
+35.4%
10.0%CN¥40.00CN¥29.50CN¥15.616
Jul ’24CN¥25.75
CN¥35.32
+37.2%
9.9%CN¥40.00CN¥29.50CN¥16.346
Jun ’24CN¥25.05
CN¥35.32
+41.0%
9.9%CN¥40.00CN¥29.50CN¥16.886
May ’24CN¥27.15
CN¥36.02
+32.7%
9.2%CN¥40.00CN¥29.70CN¥17.926
Apr ’24CN¥32.30
CN¥37.02
+14.6%
15.0%CN¥47.80CN¥29.70CN¥19.166
Mar ’24CN¥27.30
CN¥35.23
+29.0%
17.6%CN¥47.80CN¥28.40CN¥19.297
Feb ’24CN¥27.51
CN¥35.23
+28.1%
17.6%CN¥47.80CN¥28.40CN¥15.587
Jan ’24CN¥23.90
CN¥33.59
+40.6%
12.6%CN¥39.23CN¥28.40CN¥19.647
Dec ’23CN¥24.82
CN¥33.16
+33.6%
12.1%CN¥39.23CN¥28.40CN¥19.647
Nov ’23CN¥23.80
CN¥33.16
+39.3%
12.1%CN¥39.23CN¥28.40CN¥19.617

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


Discover undervalued companies