Zhejiang Construction Investment GroupLtd Valuation

Is 002761 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-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 002761 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002761 (CN¥11.47) is trading above our estimate of fair value (CN¥0.99)

Significantly Below Fair Value: 002761 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002761?

Key metric: As 002761 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002761. This is calculated by dividing 002761's market cap by their current revenue.
What is 002761's PS Ratio?
PS Ratio	0.2x
Sales	CN¥79.61b
Market Cap	CN¥12.40b

002761 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	0.4x
Enterprise Value/EBITDA	126.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002761's PS Ratio compare to its peers?

The above table shows the PS ratio for 002761 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	0.8x
002061 Zhejiang Communications Technology	0.2x	12.8%	CN¥11.4b
000498 Shandong Hi-Speed Road&Bridge Group	0.1x	7.7%	CN¥9.8b
600133 Wuhan East Lake High Technology Group	2.3x	n/a	CN¥11.9b
601068 China Aluminum International Engineering	0.6x	8.9%	CN¥13.3b
002761 Zhejiang Construction Investment GroupLtd	0.2x	n/a	CN¥12.4b

Price-To-Sales vs Peers: 002761 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does 002761's PS Ratio compare vs other companies in the CN Construction Industry?

17 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.3x	9.1%
002761 Zhejiang Construction Investment GroupLtd	0.2x	n/a	US$1.71b
601668 China State Construction Engineering	0.1x	5.9%	US$35.11b
601390 China Railway Group	0.1x	4.8%	US$21.01b

17 Companies		Estimated Growth	Market Cap
Industry Avg.	1.3x	14.3%
002761 Zhejiang Construction Investment GroupLtd	0.2x	n/a	US$1.71b

No more companies

Price-To-Sales vs Industry: 002761 is good value based on its Price-To-Sales Ratio (0.2x) compared to the CN Construction industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is 002761'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.

002761 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002761's Price-To-Sales Fair Ratio for valuation analysis.

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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