Zhejiang Rongtai Electric MaterialLtd Valuation

Is 603119 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 603119 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603119 (CN¥20.69) is trading above our estimate of fair value (CN¥19.96)

Significantly Below Fair Value: 603119 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603119?

Key metric: As 603119 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603119. This is calculated by dividing 603119's market cap by their current earnings.
What is 603119's PE Ratio?
PE Ratio	34x
Earnings	CN¥220.67m
Market Cap	CN¥7.51b

603119 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	6.5x
Enterprise Value/EBITDA	26.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 603119's PE Ratio compare to its peers?

The above table shows the PE ratio for 603119 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	26x
000922 Harbin Electric Corporation Jiamusi Electric MachineLtd	23.5x	29.6%	CN¥6.9b
688698 Suzhou Veichi Electric	28.5x	26.1%	CN¥7.0b
002922 Eaglerise Electric & Electronic (China)	25.6x	35.7%	CN¥6.5b
603063 Shenzhen Hopewind Electric	26.4x	24.0%	CN¥9.3b
603119 Zhejiang Rongtai Electric MaterialLtd	34x	n/a	CN¥7.5b

Price-To-Earnings vs Peers: 603119 is expensive based on its Price-To-Earnings Ratio (34x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does 603119's PE Ratio compare vs other companies in the CN Electrical Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
300023 Bode Energy Equipment	3.6x	n/a	US$51.42m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 603119 is good value based on its Price-To-Earnings Ratio (34x) compared to the CN Electrical industry average (35.7x).

Price to Earnings Ratio vs Fair Ratio

What is 603119'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.

603119 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	34x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 603119's Price-To-Earnings Fair Ratio for valuation analysis.

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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