Changjiang & Jinggong Steel Building (Group) Co., Ltd

XSSC:600496 Stock Report

Market Cap: CN¥6.0b

Changjiang & Jinggong Steel Building (Group) Valuation

Is 600496 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 600496 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600496 (CN¥2.99) is trading below our estimate of fair value (CN¥43.19)

Significantly Below Fair Value: 600496 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600496?

Key metric: As 600496 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600496. This is calculated by dividing 600496's market cap by their current earnings.
What is 600496's PE Ratio?
PE Ratio12.2x
EarningsCN¥488.18m
Market CapCN¥5.95b

Price to Earnings Ratio vs Peers

How does 600496's PE Ratio compare to its peers?

The above table shows the PE ratio for 600496 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.5x
003013 Guangzhou Metro Design & Research Institute
13.9x13.7%CN¥6.1b
301058 COFCO Technology & Industry
26.1x18.1%CN¥5.9b
601886 Jangho Group
8.7x20.6%CN¥6.2b
601789 Ningbo Construction
17.4xn/aCN¥5.4b
600496 Changjiang & Jinggong Steel Building (Group)
12.2x7.1%CN¥6.0b

Price-To-Earnings vs Peers: 600496 is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (16.5x).

Price to Earnings Ratio vs Industry

How does 600496's PE Ratio compare vs other companies in the CN Construction Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
601668 China State Construction Engineering
4.9x6.8%US$34.17b
600248 Shaanxi Construction Engineering Group
4.3x12.6%US$2.31b
000498 Shandong Hi-Speed Road&Bridge Group
4.1x8.0%US$1.31b
002482 Shenzhen Grandland Group
2.5xn/aUS$962.92m
600496 12.2xIndustry Avg. 23.5xNo. of Companies16PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600496 is good value based on its Price-To-Earnings Ratio (12.2x) compared to the CN Construction industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is 600496'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.

600496 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: 600496 is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

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 600496 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥2.99
CN¥2.94
-1.6%
13.8%CN¥3.58CN¥2.50n/a4
Nov ’25CN¥3.18
CN¥2.94
-7.5%
13.8%CN¥3.58CN¥2.50n/a4
Oct ’25CN¥2.97
CN¥2.92
-1.8%
14.5%CN¥3.58CN¥2.50n/a4
Sep ’25CN¥2.46
CN¥3.04
+23.7%
11.5%CN¥3.58CN¥2.60n/a4
Aug ’25CN¥2.49
CN¥3.24
+29.9%
10.6%CN¥3.58CN¥2.80n/a4
Jul ’25CN¥2.52
CN¥3.24
+28.4%
10.6%CN¥3.58CN¥2.80n/a4
Jun ’25CN¥2.77
CN¥3.24
+16.8%
10.6%CN¥3.58CN¥2.80n/a4
May ’25CN¥2.84
CN¥3.24
+13.9%
10.6%CN¥3.58CN¥2.80n/a4
Apr ’25CN¥2.84
CN¥4.48
+57.7%
22.7%CN¥5.56CN¥3.00n/a5
Mar ’25CN¥2.92
CN¥4.48
+53.4%
22.7%CN¥5.56CN¥3.00n/a5
Feb ’25CN¥2.82
CN¥4.48
+58.9%
22.7%CN¥5.56CN¥3.00n/a5
Jan ’25CN¥3.05
CN¥4.48
+46.9%
22.7%CN¥5.56CN¥3.00n/a5
Dec ’24CN¥3.19
CN¥4.66
+46.1%
17.1%CN¥5.56CN¥3.60n/a5
Nov ’24CN¥3.25
CN¥4.66
+43.4%
17.1%CN¥5.56CN¥3.60CN¥3.185
Oct ’24CN¥3.62
CN¥4.84
+33.7%
12.8%CN¥5.56CN¥3.90CN¥2.975
Sep ’24CN¥3.73
CN¥4.84
+29.8%
12.8%CN¥5.56CN¥3.90CN¥2.465
Aug ’24CN¥3.97
CN¥5.42
+36.5%
8.0%CN¥6.10CN¥4.78CN¥2.495
Jul ’24CN¥3.73
CN¥5.57
+49.4%
10.2%CN¥6.33CN¥4.78CN¥2.525
Jun ’24CN¥3.82
CN¥5.57
+45.9%
10.2%CN¥6.33CN¥4.78CN¥2.775
May ’24CN¥3.98
CN¥5.67
+42.4%
8.1%CN¥6.33CN¥5.20CN¥2.845
Apr ’24CN¥3.98
CN¥5.78
+45.1%
6.9%CN¥6.33CN¥5.25CN¥2.845
Mar ’24CN¥4.24
CN¥5.78
+36.2%
6.9%CN¥6.33CN¥5.25CN¥2.925
Feb ’24CN¥4.24
CN¥5.82
+37.2%
6.3%CN¥6.33CN¥5.25CN¥2.825
Jan ’24CN¥3.95
CN¥5.69
+44.0%
5.1%CN¥6.00CN¥5.25CN¥3.054
Dec ’23CN¥4.25
CN¥5.69
+33.8%
5.1%CN¥6.00CN¥5.25CN¥3.194
Nov ’23CN¥4.44
CN¥5.69
+28.1%
5.1%CN¥6.00CN¥5.25CN¥3.254

Analyst Forecast: Target price is lower than the current share price.

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