Qingdao TGOOD Electric Co., Ltd.

XSEC:300001 Stock Report

Market Cap: CN¥23.1b

Qingdao TGOOD Electric Valuation

Is 300001 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 300001 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300001 (CN¥22.17) is trading above our estimate of fair value (CN¥2.25)

Significantly Below Fair Value: 300001 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300001?

Key metric: As 300001 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 300001. This is calculated by dividing 300001's market cap by their current earnings.
What is 300001's PE Ratio?
PE Ratio32.2x
EarningsCN¥715.77m
Market CapCN¥23.06b

Price to Earnings Ratio vs Peers

How does 300001's PE Ratio compare to its peers?

The above table shows the PE ratio for 300001 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.1x
002851 Shenzhen Megmeet Electrical
36.4x30.9%CN¥20.3b
300763 Ginlong Technologies
37.7x33.6%CN¥26.3b
300748 JL Mag Rare-Earth
97.3x33.6%CN¥23.7b
600312 Henan Pinggao ElectricLtd
21x18.4%CN¥23.5b
300001 Qingdao TGOOD Electric
32.2x28.4%CN¥23.1b

Price-To-Earnings vs Peers: 300001 is good value based on its Price-To-Earnings Ratio (32.2x) compared to the peer average (48.1x).

Price to Earnings Ratio vs Industry

How does 300001'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
300001 32.2xIndustry Avg. 35.1xNo. of Companies35PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 300001 is good value based on its Price-To-Earnings Ratio (32.2x) compared to the CN Electrical industry average (36x).

Price to Earnings Ratio vs Fair Ratio

What is 300001'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.

300001 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.2x
Fair PE Ratio28.8x

Price-To-Earnings vs Fair Ratio: 300001 is expensive based on its Price-To-Earnings Ratio (32.2x) compared to the estimated Fair Price-To-Earnings Ratio (28.8x).

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 300001 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥22.17
CN¥26.03
+17.4%
15.8%CN¥33.00CN¥19.50n/a7
Nov ’25CN¥21.76
CN¥26.03
+19.6%
15.8%CN¥33.00CN¥19.50n/a7
Oct ’25CN¥22.00
CN¥23.24
+5.6%
19.1%CN¥33.00CN¥19.50n/a7
Sep ’25CN¥17.97
CN¥23.24
+29.3%
19.1%CN¥33.00CN¥19.50n/a7
Aug ’25CN¥20.03
CN¥24.66
+23.1%
16.1%CN¥33.00CN¥19.00n/a7
Jul ’25CN¥19.97
CN¥23.12
+15.8%
8.0%CN¥25.50CN¥19.00n/a7
Jun ’25CN¥21.55
CN¥23.12
+7.3%
8.0%CN¥25.50CN¥19.00n/a7
May ’25CN¥19.40
CN¥22.94
+18.2%
8.4%CN¥25.50CN¥19.00n/a7
Apr ’25CN¥19.82
CN¥22.95
+15.8%
8.0%CN¥25.50CN¥19.00n/a7
Mar ’25CN¥20.44
CN¥23.01
+12.6%
8.6%CN¥25.50CN¥19.00n/a6
Feb ’25CN¥16.88
CN¥25.13
+48.9%
23.0%CN¥38.58CN¥19.00n/a7
Jan ’25CN¥20.10
CN¥24.77
+23.2%
25.7%CN¥38.58CN¥19.00n/a6
Dec ’24CN¥18.93
CN¥24.77
+30.8%
25.7%CN¥38.58CN¥19.00n/a6
Nov ’24CN¥18.02
CN¥24.82
+37.7%
28.4%CN¥38.58CN¥18.50CN¥21.765
Oct ’24CN¥18.27
CN¥25.36
+38.8%
30.7%CN¥38.58CN¥18.50CN¥22.004
Sep ’24CN¥18.90
CN¥26.72
+41.4%
28.0%CN¥38.58CN¥18.50CN¥17.975
Aug ’24CN¥19.65
CN¥27.72
+41.1%
25.6%CN¥38.58CN¥18.50CN¥20.035
Jul ’24CN¥20.78
CN¥27.72
+33.4%
25.6%CN¥38.58CN¥18.50CN¥19.975
Jun ’24CN¥21.64
CN¥27.91
+29.0%
28.4%CN¥38.58CN¥18.50CN¥21.554
May ’24CN¥18.48
CN¥26.26
+42.1%
28.7%CN¥38.58CN¥18.50CN¥19.404
Apr ’24CN¥17.65
CN¥23.70
+34.3%
36.9%CN¥38.58CN¥16.00CN¥19.824
Mar ’24CN¥17.85
CN¥23.70
+32.8%
36.9%CN¥38.58CN¥16.00CN¥20.444
Feb ’24CN¥17.41
CN¥23.70
+36.1%
36.9%CN¥38.58CN¥16.00CN¥16.884
Jan ’24CN¥15.21
CN¥23.70
+55.8%
36.9%CN¥38.58CN¥16.00CN¥20.104
Dec ’23CN¥15.96
CN¥23.70
+48.5%
36.9%CN¥38.58CN¥16.00CN¥18.934
Nov ’23CN¥15.87
CN¥23.70
+49.3%
36.9%CN¥38.58CN¥16.00CN¥18.024

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

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