Miracle Automation Engineering Co.Ltd

XSEC:002009 Stock Report

Market Cap: CN¥5.5b

Miracle Automation EngineeringLtd Valuation

Is 002009 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-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 002009 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002009 (CN¥13.57) is trading above our estimate of fair value (CN¥0.26)

Significantly Below Fair Value: 002009 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002009?

Key metric: As 002009 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002009. This is calculated by dividing 002009's market cap by their current revenue.
What is 002009's PS Ratio?
PS Ratio1.9x
SalesCN¥2.95b
Market CapCN¥5.46b

Price to Sales Ratio vs Peers

How does 002009's PS Ratio compare to its peers?

The above table shows the PS ratio for 002009 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.1x
600468 Tianjin Benefo Tejing Electric
2.9xn/aCN¥5.5b
002786 Shenzhen Silver Basis Technology
2.4xn/aCN¥5.5b
301368 Zhejiang FORE Intelligent TechnologyLtd
11.7xn/aCN¥5.7b
603985 Jiangyin Hengrun Heavy Industries
3.3xn/aCN¥5.6b
002009 Miracle Automation EngineeringLtd
1.9x47.3%CN¥5.5b

Price-To-Sales vs Peers: 002009 is good value based on its Price-To-Sales Ratio (1.9x) compared to the peer average (5.1x).

Price to Sales Ratio vs Industry

How does 002009's PS Ratio compare vs other companies in the CN Machinery Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
000039 China International Marine Containers (Group)
0.3x5.0%US$4.84b
000951 Sinotruk Jinan TruckLtd
0.4x14.6%US$2.66b
600686 Xiamen King Long Motor Group
0.4xn/aUS$1.19b
000404 Changhong Huayi Compressor
0.4x4.8%US$683.94m
002009 1.9xIndustry Avg. 3.1xNo. of Companies55PS0246810+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 002009 is good value based on its Price-To-Sales Ratio (1.9x) compared to the CN Machinery industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is 002009'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.

002009 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ratio2.7x

Price-To-Sales vs Fair Ratio: 002009 is good value based on its Price-To-Sales Ratio (1.9x) compared to the estimated Fair Price-To-Sales Ratio (2.7x).

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 002009 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥13.57
CN¥16.00
+17.9%
12.5%CN¥18.00CN¥14.00n/a2
Sep ’25CN¥11.02
CN¥16.00
+45.2%
12.5%CN¥18.00CN¥14.00n/a2
Aug ’25CN¥11.90
CN¥16.00
+34.5%
12.5%CN¥18.00CN¥14.00n/a2
Jul ’25CN¥11.60
CN¥16.00
+37.9%
12.5%CN¥18.00CN¥14.00n/a2
Jun ’25CN¥12.78
CN¥16.00
+25.2%
12.5%CN¥18.00CN¥14.00n/a2
May ’25CN¥14.67
CN¥16.00
+9.1%
12.5%CN¥18.00CN¥14.00n/a2
Apr ’25CN¥15.60
CN¥16.00
+2.6%
12.5%CN¥18.00CN¥14.00n/a2
Mar ’25CN¥13.42
CN¥16.00
+19.2%
12.5%CN¥18.00CN¥14.00n/a2
Feb ’25CN¥9.58
CN¥16.00
+67.0%
12.5%CN¥18.00CN¥14.00n/a2
Nov ’24CN¥12.45
CN¥19.49
+56.5%
7.6%CN¥20.98CN¥18.00CN¥12.052
Oct ’24CN¥11.77
CN¥19.49
+65.6%
7.6%CN¥20.98CN¥18.00CN¥12.802
Sep ’24CN¥13.85
CN¥19.49
+40.7%
7.6%CN¥20.98CN¥18.00CN¥11.022
Aug ’24CN¥13.17
CN¥18.99
+44.2%
7.4%CN¥20.98CN¥18.00CN¥11.903
Jul ’24CN¥15.08
CN¥18.99
+26.0%
7.4%CN¥20.98CN¥18.00CN¥11.603
Jun ’24CN¥12.48
CN¥18.99
+52.2%
7.4%CN¥20.98CN¥18.00CN¥12.783
May ’24CN¥12.14
CN¥18.99
+56.5%
7.4%CN¥20.98CN¥18.00CN¥14.673
Mar ’24n/a
CN¥23.77
0%
24.3%CN¥29.53CN¥18.00CN¥13.422
Feb ’24n/a
CN¥23.77
0%
24.3%CN¥29.53CN¥18.00CN¥9.582
Jan ’24n/a
CN¥23.77
0%
24.3%CN¥29.53CN¥18.00CN¥15.092

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

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