China First Heavy Industries Valuation
Is 601106 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-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 601106 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 601106 (CN¥3.06) is trading above our estimate of fair value (CN¥2.58)
Significantly Below Fair Value: 601106 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 601106?
Key metric: As 601106 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 601106's PS Ratio? | |
|---|---|
| PS Ratio | 1.3x |
| Sales | CN¥15.83b |
| Market Cap | CN¥20.98b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.5x |
| Enterprise Value/EBITDA | -34.5x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 601106's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 15.3x | ||
000519 North Industries Group Red Arrow | 3.6x | 12.3% | CN¥20.3b |
688017 Leader Harmonious Drive Systems | 48.6x | 29.5% | CN¥17.9b |
600435 North Navigation Control TechnologyLtd | 8.2x | 40.4% | CN¥15.5b |
600835 Shanghai Mechanical & Electrical IndustryLtd | 0.9x | 3.9% | CN¥16.3b |
601106 China First Heavy Industries | 1.3x | 28.9% | CN¥21.0b |
Price-To-Sales vs Peers: 601106 is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (14.9x).
Price to Sales Ratio vs Industry
How does 601106's PS Ratio compare vs other companies in the CN Machinery Industry?
| 6 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
000039 China International Marine Containers (Group) | 0.3x | 5.0% | US$4.74b |
000951 Sinotruk Jinan TruckLtd | 0.4x | 14.6% | US$2.60b |
600686 Xiamen King Long Motor Group | 0.4x | n/a | US$1.14b |
000404 Changhong Huayi Compressor | 0.4x | 4.8% | US$678.02m |
| 6 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Sales vs Industry: 601106 is good value based on its Price-To-Sales Ratio (1.3x) compared to the CN Machinery industry average (3.1x).
Price to Sales Ratio vs Fair Ratio
What is 601106'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.3x |
| Fair PS Ratio | 1.7x |
Price-To-Sales vs Fair Ratio: 601106 is good value based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).
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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