Zhejiang HangKe Technology Incorporated Company

XSSC:688006 Stock Report

Market Cap: CN¥12.9b

Zhejiang HangKe Technology Valuation

Is 688006 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 688006 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688006 (CN¥21.3) is trading below our estimate of fair value (CN¥22.82)

Significantly Below Fair Value: 688006 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 688006?

Key metric: As 688006 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688006. This is calculated by dividing 688006's market cap by their current earnings.
What is 688006's PE Ratio?
PE Ratio27.3x
EarningsCN¥471.19m
Market CapCN¥12.86b

Price to Earnings Ratio vs Peers

How does 688006's PE Ratio compare to its peers?

The above table shows the PE ratio for 688006 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.5x
002484 Nantong Jianghai Capacitor
25.6x23.1%CN¥16.7b
300602 Shenzhen FRD Science & Technology
70.4x42.7%CN¥11.1b
601126 Beijing Sifang AutomationLtd
20.4x16.5%CN¥14.6b
601222 Jiangsu Linyang Energy
13.5x14.7%CN¥14.7b
688006 Zhejiang HangKe Technology
27.3x36.7%CN¥12.9b

Price-To-Earnings vs Peers: 688006 is good value based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (32.5x).

Price to Earnings Ratio vs Industry

How does 688006's PE Ratio compare vs other companies in the CN Electrical Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
300023 Bode Energy Equipment
3.6xn/aUS$51.42m
No more companies available in this PE range
688006 27.3xIndustry Avg. 35.7xNo. of Companies36PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 688006 is good value based on its Price-To-Earnings Ratio (27.3x) compared to the CN Electrical industry average (35.7x).

Price to Earnings Ratio vs Fair Ratio

What is 688006'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.

688006 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.3x
Fair PE Ratio33.4x

Price-To-Earnings vs Fair Ratio: 688006 is good value based on its Price-To-Earnings Ratio (27.3x) compared to the estimated Fair Price-To-Earnings Ratio (33.4x).

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 688006 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥21.30
CN¥19.54
-8.2%
28.8%CN¥28.00CN¥10.00n/a7
Nov ’25CN¥17.82
CN¥19.26
+8.1%
29.2%CN¥28.00CN¥10.00n/a7
Oct ’25CN¥19.60
CN¥18.44
-5.9%
26.9%CN¥28.00CN¥10.00n/a7
Sep ’25CN¥15.74
CN¥22.95
+45.8%
19.8%CN¥29.00CN¥17.00n/a7
Aug ’25CN¥17.00
CN¥25.91
+52.4%
13.8%CN¥30.00CN¥20.20n/a7
Jul ’25CN¥17.44
CN¥25.93
+48.7%
13.7%CN¥30.00CN¥20.30n/a7
Jun ’25CN¥20.32
CN¥25.93
+27.6%
13.7%CN¥30.00CN¥20.30n/a7
May ’25CN¥21.10
CN¥27.71
+31.3%
13.3%CN¥32.50CN¥21.70n/a7
Apr ’25CN¥22.24
CN¥29.43
+32.3%
17.2%CN¥38.06CN¥21.70n/a7
Mar ’25CN¥22.83
CN¥29.43
+28.9%
17.2%CN¥38.06CN¥21.70n/a7
Feb ’25CN¥19.73
CN¥30.67
+55.4%
14.8%CN¥38.06CN¥21.70n/a7
Jan ’25CN¥23.48
CN¥37.74
+60.7%
27.1%CN¥61.00CN¥28.70n/a7
Dec ’24CN¥23.60
CN¥35.25
+49.4%
14.4%CN¥43.57CN¥28.70n/a7
Nov ’24CN¥24.68
CN¥35.52
+43.9%
14.3%CN¥43.57CN¥28.60CN¥17.827
Oct ’24CN¥26.15
CN¥38.75
+48.2%
16.7%CN¥49.00CN¥28.60CN¥19.606
Sep ’24CN¥27.33
CN¥39.40
+44.2%
17.0%CN¥49.00CN¥27.50CN¥15.746
Aug ’24CN¥30.28
CN¥41.07
+35.6%
17.0%CN¥50.71CN¥27.50CN¥17.006
Jul ’24CN¥30.47
CN¥41.07
+34.8%
17.0%CN¥50.71CN¥27.50CN¥17.446
Jun ’24CN¥30.33
CN¥41.14
+35.7%
17.0%CN¥50.71CN¥27.50CN¥20.326
May ’24CN¥35.53
CN¥41.26
+16.1%
18.7%CN¥50.71CN¥27.50CN¥21.105
Apr ’24CN¥32.00
CN¥43.47
+35.9%
23.7%CN¥57.86CN¥26.07CN¥22.245
Mar ’24CN¥35.82
CN¥43.93
+22.6%
26.1%CN¥57.86CN¥26.07CN¥22.834
Feb ’24CN¥40.22
CN¥43.93
+9.2%
26.1%CN¥57.86CN¥26.07CN¥19.734
Jan ’24CN¥31.26
CN¥43.93
+40.5%
26.1%CN¥57.86CN¥26.07CN¥23.484
Dec ’23CN¥34.16
CN¥61.66
+80.5%
20.6%CN¥82.14CN¥47.36CN¥23.604
Nov ’23CN¥36.60
CN¥62.98
+72.1%
18.0%CN¥82.14CN¥52.62CN¥24.684

Analyst Forecast: Target price is lower than the current share price.

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