Zhejiang Dingli Machinery Co.,Ltd

XSSC:603338 Stock Report

Market Cap: CN¥27.3b

Zhejiang Dingli MachineryLtd Valuation

Is 603338 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-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 603338 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603338 (CN¥54) is trading above our estimate of fair value (CN¥53.93)

Significantly Below Fair Value: 603338 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603338?

Key metric: As 603338 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603338. This is calculated by dividing 603338's market cap by their current earnings.
What is 603338's PE Ratio?
PE Ratio13.4x
EarningsCN¥2.03b
Market CapCN¥27.34b

Price to Earnings Ratio vs Peers

How does 603338's PE Ratio compare to its peers?

The above table shows the PE ratio for 603338 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.1x
601717 Zhengzhou Coal Mining Machinery Group
5.8x11.6%CN¥21.4b
688425 China Railway Construction Heavy Industry
18.2x17.2%CN¥25.5b
603298 Hangcha Group
11x12.2%CN¥22.0b
600320 Shanghai Zhenhua Heavy Industries
33.4x36.5%CN¥16.7b
603338 Zhejiang Dingli MachineryLtd
13.4x16.8%CN¥27.3b

Price-To-Earnings vs Peers: 603338 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (17.1x).

Price to Earnings Ratio vs Industry

How does 603338's PE Ratio compare vs other companies in the CN Machinery Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002021 Zoje Resources Investment
4.6xn/aUS$398.30m
No more companies available in this PE range
603338 13.4xIndustry Avg. 34.4xNo. of Companies56PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603338 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the CN Machinery industry average (34.4x).

Price to Earnings Ratio vs Fair Ratio

What is 603338'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.

603338 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.4x
Fair PE Ratio22.6x

Price-To-Earnings vs Fair Ratio: 603338 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (22.6x).

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 603338 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥54.00
CN¥66.79
+23.7%
22.1%CN¥86.00CN¥35.00n/a13
Nov ’25CN¥53.02
CN¥66.25
+25.0%
21.3%CN¥85.70CN¥35.00n/a13
Oct ’25CN¥59.26
CN¥66.49
+12.2%
17.4%CN¥85.70CN¥35.00n/a13
Sep ’25CN¥48.43
CN¥66.72
+37.8%
17.7%CN¥85.70CN¥35.00n/a13
Aug ’25CN¥52.68
CN¥75.44
+43.2%
11.3%CN¥90.90CN¥60.00n/a13
Jul ’25CN¥61.21
CN¥76.71
+25.3%
11.3%CN¥90.90CN¥60.00n/a11
Jun ’25CN¥63.55
CN¥76.71
+20.7%
11.3%CN¥90.90CN¥60.00n/a11
May ’25CN¥65.65
CN¥75.35
+14.8%
11.1%CN¥90.90CN¥60.00n/a11
Apr ’25CN¥59.59
CN¥68.71
+15.3%
14.9%CN¥82.00CN¥52.00n/a12
Mar ’25CN¥58.28
CN¥67.61
+16.0%
14.8%CN¥82.00CN¥52.00n/a12
Feb ’25CN¥51.69
CN¥68.64
+32.8%
14.4%CN¥82.00CN¥52.00n/a12
Jan ’25CN¥51.17
CN¥66.64
+30.2%
18.3%CN¥82.00CN¥42.00n/a12
Dec ’24CN¥47.88
CN¥66.81
+39.5%
17.6%CN¥82.00CN¥42.00n/a13
Nov ’24CN¥53.50
CN¥66.81
+24.9%
17.6%CN¥82.00CN¥42.00CN¥53.0213
Oct ’24CN¥52.75
CN¥67.64
+28.2%
19.9%CN¥93.70CN¥42.00CN¥59.2613
Sep ’24CN¥52.65
CN¥65.24
+23.9%
23.9%CN¥93.70CN¥34.00CN¥48.4314
Aug ’24CN¥59.55
CN¥64.69
+8.6%
24.8%CN¥95.20CN¥34.00CN¥52.6814
Jul ’24CN¥56.01
CN¥63.76
+13.8%
24.0%CN¥87.10CN¥34.00CN¥61.2114
Jun ’24CN¥47.04
CN¥64.21
+36.5%
24.4%CN¥87.10CN¥34.00CN¥63.5514
May ’24CN¥51.09
CN¥62.77
+22.9%
28.0%CN¥87.10CN¥31.00CN¥65.6513
Apr ’24CN¥54.79
CN¥59.81
+9.2%
29.1%CN¥80.00CN¥31.00CN¥59.5912
Mar ’24CN¥58.22
CN¥56.83
-2.4%
28.1%CN¥80.00CN¥31.00CN¥58.2813
Feb ’24CN¥57.01
CN¥55.75
-2.2%
27.0%CN¥74.00CN¥31.00CN¥51.6913
Jan ’24CN¥47.85
CN¥54.94
+14.8%
28.8%CN¥74.00CN¥29.30CN¥51.1712
Dec ’23CN¥53.00
CN¥53.81
+1.5%
28.7%CN¥74.00CN¥29.00CN¥47.8812
Nov ’23CN¥46.98
CN¥52.65
+12.1%
27.9%CN¥74.00CN¥29.00CN¥53.5012

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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