YaGuang Technology Group Valuation

Is 300123 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 300123 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300123 (CN¥6.69) is trading below our estimate of fair value (CN¥63.59)

Significantly Below Fair Value: 300123 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300123?

Key metric: As 300123 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 300123. This is calculated by dividing 300123's market cap by their current revenue.
What is 300123's PS Ratio?
PS Ratio	5.5x
Sales	CN¥1.24b
Market Cap	CN¥6.84b

300123 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	6.9x
Enterprise Value/EBITDA	94.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 300123's PS Ratio compare to its peers?

The above table shows the PS ratio for 300123 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	12.4x
300581 Xi'an ChenXi Aviation Technology	35.3x	n/a	CN¥7.3b
300324 Beijing Watertek Information Technology	2.4x	n/a	CN¥6.5b
003009 Shaanxi Zhongtian Rocket Technology	5.8x	14.2%	CN¥6.7b
601606 Anhui Great Wall Military Industry	6x	n/a	CN¥9.9b
300123 YaGuang Technology Group	5.5x	n/a	CN¥6.8b

Price-To-Sales vs Peers: 300123 is good value based on its Price-To-Sales Ratio (5.5x) compared to the peer average (12.4x).

Price to Sales Ratio vs Industry

How does 300123's PS Ratio compare vs other companies in the CN Aerospace & Defense Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
600038 Avicopter	1.4x	21.6%	US$4.47b
600391 Aecc Aero Science and TechnologyLtd	1.5x	15.9%	US$843.09m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 300123 is good value based on its Price-To-Sales Ratio (5.5x) compared to the CN Aerospace & Defense industry average (9.4x).

Price to Sales Ratio vs Fair Ratio

What is 300123'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.

300123 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	5.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 300123's Price-To-Sales 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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