China National Chemical Engineering Co., Ltd

XSSC:601117 Stock Report

Market Cap: CN¥51.7b

China National Chemical Engineering Valuation

Is 601117 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 601117 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601117 (CN¥8.47) is trading below our estimate of fair value (CN¥44.57)

Significantly Below Fair Value: 601117 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601117?

Key metric: As 601117 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601117. This is calculated by dividing 601117's market cap by their current earnings.
What is 601117's PE Ratio?
PE Ratio9.3x
EarningsCN¥5.54b
Market CapCN¥51.74b

Price to Earnings Ratio vs Peers

How does 601117's PE Ratio compare to its peers?

The above table shows the PE ratio for 601117 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.5x
600039 Sichuan Road & Bridge GroupLtd
10.8x17.6%CN¥65.3b
600970 Sinoma International EngineeringLtd
9.6x13.1%CN¥28.7b
601611 China Nuclear Engineering
13x15.0%CN¥27.1b
601669 Power Construction Corporation of China
8.5x14.0%CN¥100.3b
601117 China National Chemical Engineering
9.3x10.2%CN¥51.7b

Price-To-Earnings vs Peers: 601117 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does 601117's PE Ratio compare vs other companies in the CN Construction Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
600248 Shaanxi Construction Engineering Group
4.5x12.6%US$2.39b
000498 Shandong Hi-Speed Road&Bridge Group
4.3x9.1%US$1.37b
002482 Shenzhen Grandland Group
2.6xn/aUS$975.23m
002564 SuZhou THVOW Technology
1.6xn/aUS$498.89m
No more companies available in this PE range
601117 9.3xIndustry Avg. 23.2xNo. of Companies14PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601117 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the CN Construction industry average (23.2x).

Price to Earnings Ratio vs Fair Ratio

What is 601117'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.

601117 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: 601117 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

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 601117 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥8.47
CN¥10.96
+29.4%
12.7%CN¥12.80CN¥9.43n/a3
Nov ’25CN¥8.22
CN¥10.96
+33.3%
12.7%CN¥12.80CN¥9.43n/a3
Oct ’25CN¥8.24
CN¥10.40
+26.2%
19.9%CN¥12.80CN¥7.74n/a3
Sep ’25CN¥6.86
CN¥10.49
+53.0%
19.9%CN¥12.80CN¥7.74n/a3
Aug ’25CN¥7.56
CN¥10.82
+43.1%
15.5%CN¥12.80CN¥8.71n/a3
Jul ’25CN¥8.24
CN¥10.82
+31.3%
15.5%CN¥12.80CN¥8.71n/a3
Jun ’25CN¥8.18
CN¥10.82
+32.2%
15.5%CN¥12.80CN¥8.71n/a3
May ’25CN¥6.90
CN¥10.91
+58.0%
18.3%CN¥14.00CN¥8.71n/a4
Apr ’25CN¥6.79
CN¥11.27
+66.0%
14.8%CN¥14.00CN¥9.70n/a4
Mar ’25CN¥7.13
CN¥11.48
+61.0%
13.5%CN¥14.00CN¥9.70n/a5
Feb ’25CN¥6.19
CN¥11.48
+85.5%
13.5%CN¥14.00CN¥9.70n/a5
Jan ’25CN¥6.36
CN¥11.48
+80.5%
13.5%CN¥14.00CN¥9.70n/a5
Dec ’24CN¥6.67
CN¥11.48
+72.1%
13.5%CN¥14.00CN¥9.70n/a5
Nov ’24CN¥6.94
CN¥11.61
+67.2%
12.6%CN¥14.00CN¥9.70CN¥8.225
Oct ’24CN¥7.78
CN¥11.61
+49.2%
12.6%CN¥14.00CN¥9.70CN¥8.245
Sep ’24CN¥7.92
CN¥12.51
+57.9%
8.3%CN¥14.00CN¥10.80CN¥6.865
Aug ’24CN¥8.65
CN¥12.94
+49.6%
4.6%CN¥14.00CN¥12.32CN¥7.565
Jul ’24CN¥8.28
CN¥12.94
+56.3%
4.6%CN¥14.00CN¥12.32CN¥8.245
Jun ’24CN¥8.69
CN¥12.94
+48.9%
4.6%CN¥14.00CN¥12.32CN¥8.185
May ’24CN¥10.59
CN¥12.94
+22.2%
4.6%CN¥14.00CN¥12.32CN¥6.905
Apr ’24CN¥9.28
CN¥12.89
+38.9%
9.2%CN¥14.90CN¥11.88CN¥6.794
Mar ’24CN¥9.20
CN¥14.18
+54.2%
12.5%CN¥16.22CN¥11.36CN¥7.134
Feb ’24CN¥8.84
CN¥14.18
+60.4%
12.5%CN¥16.22CN¥11.36CN¥6.194
Jan ’24CN¥7.94
CN¥14.18
+78.6%
12.5%CN¥16.22CN¥11.36CN¥6.364
Dec ’23CN¥8.40
CN¥14.18
+68.8%
12.5%CN¥16.22CN¥11.36CN¥6.674
Nov ’23CN¥7.41
CN¥14.18
+91.4%
12.5%CN¥16.22CN¥11.36CN¥6.944

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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