Zhejiang Tuna Environmental Science & TechnologyCo.Ltd Valuation

Q: What is the Fair Price of 603177 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603177 (CN¥8.42) is trading below our estimate of [[fair value]] (CN¥11.8)

Is 603177 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-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 603177 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603177 (CN¥8.42) is trading below our estimate of fair value (CN¥11.8)

Significantly Below Fair Value: 603177 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603177?

Key metric: As 603177 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603177. This is calculated by dividing 603177's market cap by their current revenue.
What is 603177's PS Ratio?
PS Ratio	2x
Sales	CN¥857.74m
Market Cap	CN¥1.76b

603177 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	2.9x
Enterprise Value/EBITDA	35.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 603177's PS Ratio compare to its peers?

The above table shows the PS ratio for 603177 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	1.9x
603717 TianYu Bio-Technology	2.5x	n/a	CN¥1.8b
603903 CSD Water Service	1.3x	n/a	CN¥1.8b
301098 Jinpu Landscape ArchitectureLtd	1.6x	n/a	CN¥1.6b
603797 Guangdong Liantai Environmental ProtectionLtd	2.1x	n/a	CN¥2.4b
603177 Zhejiang Tuna Environmental Science & TechnologyCo.Ltd	2x	n/a	CN¥1.7b

Price-To-Sales vs Peers: 603177 is expensive based on its Price-To-Sales Ratio (2x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does 603177'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	0.1x	n/a	US$1.75b
002301 Shenzhen Comix Group	0.4x	16.9%	US$667.81m
603661 Henglin Home FurnishingsLtd	0.4x	18.6%	US$628.47m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 603177 is good value based on its Price-To-Sales Ratio (2x) compared to the CN Commercial Services industry average (3x).

Price to Sales Ratio vs Fair Ratio

What is 603177'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.

603177 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 603177'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.