Sichuan Road & Bridge GroupLtd Valuation
Is 600039 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 600039 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 600039 (CN¥7.31) is trading below our estimate of fair value (CN¥8.98)
Significantly Below Fair Value: 600039 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 600039?
Key metric: As 600039 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 600039's PE Ratio? | |
|---|---|
| PE Ratio | 10.6x |
| Earnings | CN¥6.02b |
| Market Cap | CN¥63.69b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 10.6x |
| PEG Ratio | 0.6x |
Price to Earnings Ratio vs Peers
How does 600039's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.2x | ||
601117 China National Chemical Engineering | 9x | 10.2% | CN¥49.3b |
601669 Power Construction Corporation of China | 7.8x | 14.0% | CN¥96.1b |
601186 China Railway Construction | 6.3x | 8.1% | CN¥116.2b |
601390 China Railway Group | 5.6x | 11.9% | CN¥145.7b |
600039 Sichuan Road & Bridge GroupLtd | 10.6x | 17.6% | CN¥63.7b |
Price-To-Earnings vs Peers: 600039 is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (7.1x).
Price to Earnings Ratio vs Industry
How does 600039's PE Ratio compare vs other companies in the CN Construction Industry?
| 5 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
601668 China State Construction Engineering | 5x | 6.8% | US$34.34b |
600248 Shaanxi Construction Engineering Group | 4.4x | 12.6% | US$2.31b |
000498 Shandong Hi-Speed Road&Bridge Group | 4.2x | 8.0% | US$1.35b |
002482 Shenzhen Grandland Group | 3.1x | n/a | US$1.07b |
| 5 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: 600039 is good value based on its Price-To-Earnings Ratio (10.6x) compared to the CN Construction industry average (23.7x).
Price to Earnings Ratio vs Fair Ratio
What is 600039'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.6x |
| Fair PE Ratio | 25.5x |
Price-To-Earnings vs Fair Ratio: 600039 is good value based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (25.5x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CN¥7.31 | CN¥9.70 +32.7% | 20.2% | CN¥11.60 | CN¥7.00 | n/a | 3 |
| Nov ’25 | CN¥7.38 | CN¥8.22 +11.3% | 29.5% | CN¥11.60 | CN¥6.05 | n/a | 3 |
| Oct ’25 | CN¥7.03 | CN¥8.22 +16.9% | 29.5% | CN¥11.60 | CN¥6.05 | n/a | 3 |
| Sep ’25 | CN¥5.65 | CN¥8.83 +56.2% | 31.4% | CN¥11.60 | CN¥6.05 | n/a | 2 |
| Aug ’25 | CN¥6.26 | CN¥10.01 +59.8% | 15.9% | CN¥11.60 | CN¥8.41 | n/a | 2 |
| Jul ’25 | CN¥8.06 | CN¥9.93 +23.2% | 13.2% | CN¥11.60 | CN¥8.41 | n/a | 3 |
| Jun ’25 | CN¥7.86 | CN¥10.01 +27.3% | 15.9% | CN¥11.60 | CN¥8.41 | n/a | 2 |
| Oct ’24 | CN¥8.67 | CN¥11.89 +37.1% | 8.7% | CN¥12.93 | CN¥10.85 | CN¥7.03 | 2 |
| Sep ’24 | CN¥8.88 | CN¥11.89 +33.9% | 8.7% | CN¥12.93 | CN¥10.85 | CN¥5.65 | 2 |
| Aug ’24 | CN¥9.72 | CN¥12.66 +30.2% | 2.1% | CN¥12.92 | CN¥12.40 | CN¥6.26 | 2 |
| Jul ’24 | CN¥9.81 | CN¥14.53 +48.1% | 10.7% | CN¥16.09 | CN¥12.97 | CN¥8.06 | 2 |
| Jun ’24 | CN¥10.31 | CN¥14.53 +40.9% | 10.7% | CN¥16.09 | CN¥12.97 | CN¥7.86 | 2 |
| May ’24 | CN¥11.32 | CN¥14.53 +28.3% | 10.7% | CN¥16.09 | CN¥12.97 | CN¥7.25 | 2 |
| Apr ’24 | CN¥9.86 | CN¥12.92 +31.1% | 0.4% | CN¥12.97 | CN¥12.87 | CN¥7.77 | 2 |
| Mar ’24 | CN¥9.42 | CN¥11.09 +17.7% | 6.0% | CN¥12.04 | CN¥10.58 | CN¥8.07 | 3 |
| Feb ’24 | CN¥8.70 | CN¥11.09 +27.4% | 6.0% | CN¥12.04 | CN¥10.58 | CN¥7.97 | 3 |
| Jan ’24 | CN¥7.94 | CN¥10.51 +32.4% | 0.6% | CN¥10.58 | CN¥10.45 | CN¥7.49 | 2 |
| Dec ’23 | CN¥8.16 | CN¥10.51 +28.9% | 0.6% | CN¥10.58 | CN¥10.45 | CN¥7.71 | 2 |
| Nov ’23 | CN¥8.12 | CN¥10.51 +29.5% | 0.6% | CN¥10.58 | CN¥10.45 | CN¥7.70 | 2 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
Discover undervalued companies
Goneo Group
CN¥91.1b
Provides electrical products.
603195
CN¥70.49
7D
-4.4%
1Y
4.5%
Sunwoda ElectronicLtd
CN¥41.5b
Engages in the research and development, design, manufacture, and sale of lithium-ion battery modules worldwide.
300207
CN¥22.80
7D
-4.1%
1Y
49.9%
China National Chemical Engineering
CN¥49.3b
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¥8.07
7D
-4.6%
1Y
21.9%