Zhejiang TaitanLtd Valuation

Q: What is the Fair Price of 003036 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

003036 (CN¥11.03) is trading above our estimate of [[fair value]] (CN¥0.42)

Is 003036 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 003036 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 003036 (CN¥11.03) is trading above our estimate of fair value (CN¥0.42)

Significantly Below Fair Value: 003036 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 003036?

Key metric: As 003036 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 003036. This is calculated by dividing 003036's market cap by their current earnings.
What is 003036's PE Ratio?
PE Ratio	26x
Earnings	CN¥91.67m
Market Cap	CN¥2.65b

003036 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	1.2x
Enterprise Value/EBITDA	14.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 003036's PE Ratio compare to its peers?

The above table shows the PE ratio for 003036 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	34.5x
605259 Lutian Machinery	15.6x	n/a	CN¥2.6b
300195 Masterwork GroupLtd	68.1x	n/a	CN¥2.6b
001256 Zhejiang Weigang Technology	23.9x	n/a	CN¥2.3b
002598 Shandong Zhangqiu Blower	30.4x	n/a	CN¥3.0b
003036 Zhejiang TaitanLtd	26x	n/a	CN¥2.4b

Price-To-Earnings vs Peers: 003036 is good value based on its Price-To-Earnings Ratio (26x) compared to the peer average (34.5x).

Price to Earnings Ratio vs Industry

How does 003036'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$398.65m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 003036 is good value based on its Price-To-Earnings Ratio (26x) compared to the CN Machinery industry average (34.7x).

Price to Earnings Ratio vs Fair Ratio

What is 003036'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.

003036 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	26x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 003036'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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