Shenzhen Desay Battery Technology Co., Ltd.

XSEC:000049 Stock Report

Market Cap: CN¥9.6b

Shenzhen Desay Battery Technology Valuation

Is 000049 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 000049 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000049 (CN¥25.08) is trading above our estimate of fair value (CN¥6.31)

Significantly Below Fair Value: 000049 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000049?

Key metric: As 000049 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000049. This is calculated by dividing 000049's market cap by their current earnings.
What is 000049's PE Ratio?
PE Ratio22.9x
EarningsCN¥420.50m
Market CapCN¥9.65b

Price to Earnings Ratio vs Peers

How does 000049's PE Ratio compare to its peers?

The above table shows the PE ratio for 000049 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.8x
002892 Keli Motor Group
115.7xn/aCN¥9.2b
300660 Jiangsu Leili Motor
32.1x21.2%CN¥9.8b
002498 Qingdao Hanhe CableLtd
17.5x15.0%CN¥11.1b
600577 Tongling Jingda Special Magnet Wire
21.8x12.0%CN¥11.6b
000049 Shenzhen Desay Battery Technology
22.9x19.1%CN¥9.6b

Price-To-Earnings vs Peers: 000049 is good value based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (46.8x).

Price to Earnings Ratio vs Industry

How does 000049's PE Ratio compare vs other companies in the CN Electrical Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
300023 Bode Energy Equipment
3.6xn/aUS$51.42m
No more companies available in this PE range
000049 22.9xIndustry Avg. 35.7xNo. of Companies36PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 000049 is good value based on its Price-To-Earnings Ratio (22.9x) compared to the CN Electrical industry average (35.7x).

Price to Earnings Ratio vs Fair Ratio

What is 000049'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.

000049 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ratio22.2x

Price-To-Earnings vs Fair Ratio: 000049 is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).

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 000049 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥25.08
CN¥26.69
+6.4%
17.0%CN¥33.06CN¥23.00n/a3
Nov ’25CN¥24.33
CN¥26.69
+9.7%
17.0%CN¥33.06CN¥23.00n/a3
Oct ’25CN¥26.13
CN¥26.69
+2.1%
17.0%CN¥33.06CN¥23.00n/a3
Sep ’25CN¥23.97
CN¥26.35
+9.9%
18.3%CN¥33.06CN¥22.00n/a3
Aug ’25CN¥25.24
CN¥26.35
+4.4%
18.3%CN¥33.06CN¥22.00n/a3
Jul ’25CN¥23.95
CN¥26.35
+10.0%
18.3%CN¥33.06CN¥22.00n/a3
Apr ’25CN¥24.30
CN¥31.78
+30.8%
4.0%CN¥33.06CN¥30.49n/a2
Mar ’25CN¥23.30
CN¥36.50
+56.7%
9.6%CN¥40.00CN¥33.00n/a2
Feb ’25CN¥20.23
CN¥36.50
+80.4%
9.6%CN¥40.00CN¥33.00n/a2
Jan ’25CN¥27.12
CN¥36.50
+34.6%
9.6%CN¥40.00CN¥33.00n/a2
Dec ’24CN¥31.54
CN¥36.50
+15.7%
9.6%CN¥40.00CN¥33.00n/a2
Nov ’24CN¥31.93
CN¥36.50
+14.3%
9.6%CN¥40.00CN¥33.00CN¥24.332
Oct ’24CN¥31.29
CN¥37.00
+18.2%
8.1%CN¥40.00CN¥34.00CN¥26.132
Nov ’23CN¥51.26
CN¥62.71
+22.3%
8.4%CN¥68.00CN¥57.41CN¥31.932

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

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