Hefei Meyer Optoelectronic Technology Inc.

XSEC:002690 Stock Report

Market Cap: CN¥13.0b

Hefei Meyer Optoelectronic Technology Valuation

Is 002690 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 002690 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002690 (CN¥14.75) is trading below our estimate of fair value (CN¥16.7)

Significantly Below Fair Value: 002690 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002690?

Key metric: As 002690 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002690. This is calculated by dividing 002690's market cap by their current earnings.
What is 002690's PE Ratio?
PE Ratio20.5x
EarningsCN¥631.70m
Market CapCN¥12.97b

Price to Earnings Ratio vs Peers

How does 002690's PE Ratio compare to its peers?

The above table shows the PE ratio for 002690 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.8x
002270 Huaming Power EquipmentLtd
26.3x19.8%CN¥15.2b
300475 Shannon Semiconductor TechnologyLtd
24.8x10.5%CN¥13.0b
600619 Shanghai Highly (Group)
103.5xn/aCN¥11.6b
601882 Ningbo Haitian Precision MachineryLtd
20.8x21.3%CN¥11.4b
002690 Hefei Meyer Optoelectronic Technology
20.5x16.2%CN¥13.0b

Price-To-Earnings vs Peers: 002690 is good value based on its Price-To-Earnings Ratio (20.5x) compared to the peer average (43.8x).

Price to Earnings Ratio vs Industry

How does 002690's PE Ratio compare vs other companies in the CN Machinery Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002021 Zoje Resources Investment
4.6xn/aUS$398.16m
No more companies available in this PE range
002690 20.5xIndustry Avg. 34.4xNo. of Companies56PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002690 is good value based on its Price-To-Earnings Ratio (20.5x) compared to the CN Machinery industry average (35.8x).

Price to Earnings Ratio vs Fair Ratio

What is 002690'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.

002690 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.5x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: 002690 is expensive based on its Price-To-Earnings Ratio (20.5x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

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 002690 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥14.75
CN¥16.68
+13.1%
13.4%CN¥20.00CN¥14.20n/a7
Nov ’25CN¥15.23
CN¥19.45
+27.7%
35.6%CN¥35.49CN¥14.20n/a7
Oct ’25CN¥15.97
CN¥20.04
+25.5%
38.7%CN¥35.49CN¥14.20n/a7
Sep ’25CN¥12.94
CN¥20.04
+54.9%
38.7%CN¥35.49CN¥14.20n/a7
Aug ’25CN¥15.61
CN¥25.13
+61.0%
21.5%CN¥35.49CN¥17.30n/a7
Jul ’25CN¥16.34
CN¥25.13
+53.8%
21.5%CN¥35.49CN¥17.30n/a7
Jun ’25CN¥16.88
CN¥25.13
+48.9%
21.5%CN¥35.49CN¥17.30n/a7
May ’25CN¥17.92
CN¥25.13
+40.3%
21.5%CN¥35.49CN¥17.30n/a7
Apr ’25CN¥19.16
CN¥25.13
+31.2%
22.1%CN¥35.49CN¥16.20n/a7
Mar ’25CN¥19.29
CN¥24.75
+28.3%
22.6%CN¥35.49CN¥16.20n/a7
Feb ’25CN¥15.58
CN¥25.81
+65.6%
17.1%CN¥35.49CN¥21.60n/a7
Jan ’25CN¥19.64
CN¥27.21
+38.5%
18.0%CN¥35.49CN¥21.60n/a7
Dec ’24CN¥19.64
CN¥27.21
+38.5%
18.0%CN¥35.49CN¥21.60n/a7
Nov ’24CN¥19.61
CN¥27.21
+38.7%
18.0%CN¥35.49CN¥21.60CN¥15.237
Oct ’24CN¥20.98
CN¥28.22
+34.5%
15.4%CN¥35.49CN¥21.60CN¥15.977
Sep ’24CN¥23.66
CN¥28.95
+22.3%
19.0%CN¥38.71CN¥21.60CN¥12.946
Aug ’24CN¥25.88
CN¥35.05
+35.4%
10.0%CN¥40.00CN¥29.50CN¥15.616
Jul ’24CN¥25.75
CN¥35.32
+37.2%
9.9%CN¥40.00CN¥29.50CN¥16.346
Jun ’24CN¥25.05
CN¥35.32
+41.0%
9.9%CN¥40.00CN¥29.50CN¥16.886
May ’24CN¥27.15
CN¥36.02
+32.7%
9.2%CN¥40.00CN¥29.70CN¥17.926
Apr ’24CN¥32.30
CN¥37.02
+14.6%
15.0%CN¥47.80CN¥29.70CN¥19.166
Mar ’24CN¥27.30
CN¥35.23
+29.0%
17.6%CN¥47.80CN¥28.40CN¥19.297
Feb ’24CN¥27.51
CN¥35.23
+28.1%
17.6%CN¥47.80CN¥28.40CN¥15.587
Jan ’24CN¥23.90
CN¥33.59
+40.6%
12.6%CN¥39.23CN¥28.40CN¥19.647
Dec ’23CN¥24.82
CN¥33.16
+33.6%
12.1%CN¥39.23CN¥28.40CN¥19.647
Nov ’23CN¥23.80
CN¥33.16
+39.3%
12.1%CN¥39.23CN¥28.40CN¥19.617

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

Discover undervalued companies

Ningbo Deye Technology Group

CN¥57.0b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

605117

CN¥88.39

7D

-6.5%

1Y

86.0%

Zbom Home CollectionLtd

CN¥5.6b

Engages in the research, development, production and sale of customized building products in China and internationally.

603801

CN¥12.87

7D

-6.1%

1Y

-34.1%

China National Chemical Engineering

CN¥50.8b

An industrial engineering company, engages in the general contracting of construction, infrastructure, and overseas projects in the fields of chemical, petrochemical, pharmaceutical, power, and coal industries in China.

601117

CN¥8.31

7D

-1.9%

1Y

21.1%