Beijing Jingneng Thermal Valuation

Q: What is the Fair Price of 002893 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002893 (CN¥11.39) is trading above our estimate of [[fair value]] (CN¥1.14)

Is 002893 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 002893 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002893 (CN¥11.39) is trading above our estimate of fair value (CN¥1.14)

Significantly Below Fair Value: 002893 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002893?

Key metric: As 002893 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002893. This is calculated by dividing 002893's market cap by their current earnings.
What is 002893's PE Ratio?
PE Ratio	49.8x
Earnings	CN¥60.32m
Market Cap	CN¥3.03b

002893 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	2.7x
Enterprise Value/EBITDA	14.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 002893's PE Ratio compare to its peers?

The above table shows the PE ratio for 002893 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	60x
688308 OKE Precision Cutting Tools	31.9x	38.3%	CN¥3.0b
300154 Shenzhen Riland Industry Group	21.9x	n/a	CN¥3.1b
688360 Damon Technology GroupLtd	24.3x	n/a	CN¥3.1b
300512 Hangzhou Zhongya Machinery	161.6x	n/a	CN¥2.9b
002893 Beijing Jingneng Thermal	49.8x	n/a	CN¥3.0b

Price-To-Earnings vs Peers: 002893 is good value based on its Price-To-Earnings Ratio (49.8x) compared to the peer average (60x).

Price to Earnings Ratio vs Industry

How does 002893'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$397.65m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 002893 is expensive based on its Price-To-Earnings Ratio (49.8x) compared to the CN Machinery industry average (34.7x).

Price to Earnings Ratio vs Fair Ratio

What is 002893'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.

002893 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	49.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 002893's Price-To-Earnings 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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