Far East Smarter Energy Co., Ltd.

XSSC:600869 Stock Report

Market Cap: CN¥10.7b

Far East Smarter Energy Valuation

Is 600869 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-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 600869 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600869 (CN¥4.83) is trading above our estimate of fair value (CN¥1.13)

Significantly Below Fair Value: 600869 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600869?

Key metric: As 600869 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600869. This is calculated by dividing 600869's market cap by their current revenue.
What is 600869's PS Ratio?
PS Ratio0.4x
SalesCN¥25.30b
Market CapCN¥10.72b

Price to Sales Ratio vs Peers

How does 600869's PS Ratio compare to its peers?

The above table shows the PS ratio for 600869 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.2x
601311 Camel Group
0.7x10.5%CN¥10.3b
002635 Suzhou Anjie Technology
2.1x5.7%CN¥10.7b
603366 Solareast Holdings
3.1xn/aCN¥14.5b
300660 Jiangsu Leili Motor
2.9x12.8%CN¥9.6b
600869 Far East Smarter Energy
0.4x15.1%CN¥10.7b

Price-To-Sales vs Peers: 600869 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (2.2x).


Price to Sales Ratio vs Industry

How does 600869's PS Ratio compare vs other companies in the CN Electrical Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
605222 Shanghai QiFan Cable
0.3x10.2%US$933.98m
600973 Baosheng Science and Technology InnovationLtd
0.1x4.2%US$791.84m
603897 Zhejiang grandwall electric science&technologyltd
0.4xn/aUS$638.48m
002300 Fujian Nanping Sun Cable
0.3xn/aUS$560.77m
600869 0.4xIndustry Avg. 2.4xNo. of Companies38PS01.63.24.86.48+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 600869 is good value based on its Price-To-Sales Ratio (0.4x) compared to the CN Electrical industry average (2.4x).


Price to Sales Ratio vs Fair Ratio

What is 600869'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.

600869 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: 600869 is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).


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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