Tecnon Electronics Valuation

Q: What is the Fair Price of 300650 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

300650 (CN¥12.84) is trading below our estimate of [[fair value]] (CN¥34.27)

Is 300650 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 300650 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300650 (CN¥12.84) is trading below our estimate of fair value (CN¥34.27)

Significantly Below Fair Value: 300650 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300650?

Key metric: As 300650 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 300650. This is calculated by dividing 300650's market cap by their current earnings.
What is 300650's PE Ratio?
PE Ratio	55.7x
Earnings	CN¥50.30m
Market Cap	CN¥2.87b

300650 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	1x
Enterprise Value/EBITDA	29.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 300650's PE Ratio compare to its peers?

The above table shows the PE ratio for 300650 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	68.6x
301418 Jiangsu Xiechang Electronic Technology Group	57.5x	n/a	CN¥2.7b
301226 Changzhou Xiangming Intelligent Drive System	126.8x	n/a	CN¥2.6b
605288 ChangZhou KAIDI Electrical	27.2x	n/a	CN¥2.4b
600241 Liaoning Shidai WanhengLtd	63.1x	n/a	CN¥2.2b
300650 Tecnon Electronics	55.7x	n/a	CN¥2.9b

Price-To-Earnings vs Peers: 300650 is good value based on its Price-To-Earnings Ratio (55.7x) compared to the peer average (68.6x).

Price to Earnings Ratio vs Industry

How does 300650's PE Ratio compare vs other companies in the CN Electrical Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
300023 Bode Energy Equipment	3.6x	n/a	US$51.42m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 300650 is expensive based on its Price-To-Earnings Ratio (55.7x) compared to the CN Electrical industry average (36x).

Price to Earnings Ratio vs Fair Ratio

What is 300650'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.

300650 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	55.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 300650'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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