Qingdao Hiron Commercial Cold Chain Valuation

Q: What is the Fair Price of 603187 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603187 (CN¥10.91) is trading below our estimate of [[fair value]] (CN¥12.05)

Is 603187 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 603187 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603187 (CN¥10.91) is trading below our estimate of fair value (CN¥12.05)

Significantly Below Fair Value: 603187 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603187?

Key metric: As 603187 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603187. This is calculated by dividing 603187's market cap by their current earnings.
What is 603187's PE Ratio?
PE Ratio	12.8x
Earnings	CN¥329.26m
Market Cap	CN¥4.22b

603187 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	0.8x
Enterprise Value/EBITDA	5.7x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does 603187's PE Ratio compare to its peers?

The above table shows the PE ratio for 603187 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	58.1x
600526 Zhejiang Feida Environmental Science & Technology	16.8x	n/a	CN¥4.3b
600558 Atlantic China Welding Consumables	33x	n/a	CN¥3.8b
603912 Nanjing Canatal Data-Centre Environmental Tech	153.5x	n/a	CN¥4.2b
300488 EST Tools	28.9x	n/a	CN¥3.9b
603187 Qingdao Hiron Commercial Cold Chain	12.8x	19.0%	CN¥4.2b

Price-To-Earnings vs Peers: 603187 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (58.1x).

Price to Earnings Ratio vs Industry

How does 603187's PE Ratio compare vs other companies in the CN Machinery Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
002021 Zoje Resources Investment	4.6x	n/a	US$398.81m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 603187 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the CN Machinery industry average (35x).

Price to Earnings Ratio vs Fair Ratio

What is 603187'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.

603187 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.8x
Fair PE Ratio	18.3x

Price-To-Earnings vs Fair Ratio: 603187 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

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 603187 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥10.91	CN¥17.70 +62.2%	4.0%	CN¥18.40	CN¥17.00	n/a	2
Nov ’25	CN¥11.34	CN¥17.70 +56.1%	4.0%	CN¥18.40	CN¥17.00	n/a	2
Oct ’25	CN¥11.81	CN¥17.70 +49.9%	4.0%	CN¥18.40	CN¥17.00	n/a	2
Sep ’25	CN¥9.62	CN¥17.70 +84.0%	4.0%	CN¥18.40	CN¥17.00	n/a	2
Aug ’25	CN¥11.06	CN¥17.70 +60.0%	4.0%	CN¥18.40	CN¥17.00	n/a	2
Jul ’25	CN¥11.68	CN¥17.70 +51.5%	4.0%	CN¥18.40	CN¥17.00	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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