Spic Yuanda Environmental-ProtectionLtd Valuation

Is 600292 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600292 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600292 (CN¥14.16) is trading below our estimate of fair value (CN¥37.81)

Significantly Below Fair Value: 600292 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600292?

Key metric: As 600292 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600292. This is calculated by dividing 600292's market cap by their current revenue.
What is 600292's PS Ratio?
PS Ratio	2.5x
Sales	CN¥4.45b
Market Cap	CN¥11.06b

600292 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	2.8x
Enterprise Value/EBITDA	21.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600292's PS Ratio compare to its peers?

The above table shows the PS ratio for 600292 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.9x
601200 Shanghai Environment Group	1.8x	-0.08%	CN¥11.4b
600217 China Resources and EnvironmentLtd	2.5x	n/a	CN¥9.8b
301175 Beijing China Sciences Runyu Environmental Technology	5.3x	n/a	CN¥8.1b
600874 Tianjin Capital Environmental Protection Group	1.9x	n/a	CN¥8.2b
600292 Spic Yuanda Environmental-ProtectionLtd	2.5x	n/a	CN¥11.1b

Price-To-Sales vs Peers: 600292 is good value based on its Price-To-Sales Ratio (2.5x) compared to the peer average (2.9x).

Price to Sales Ratio vs Industry

How does 600292's PS Ratio compare vs other companies in the CN Commercial Services Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
002183 Eternal Asia Supply Chain Management	0.2x	n/a	US$1.81b
603661 Henglin Home FurnishingsLtd	0.4x	18.6%	US$625.97m
002301 Shenzhen Comix Group	0.4x	16.9%	US$592.31m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 600292 is good value based on its Price-To-Sales Ratio (2.5x) compared to the CN Commercial Services industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

What is 600292's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600292 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600292's Price-To-Sales 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.