UE Furniture Co., Ltd.

SHSE:603600 Stock Report

Market Cap: CN¥3.8b

UE Furniture Valuation

Is 603600 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 603600 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603600 (CN¥11.54) is trading above our estimate of fair value (CN¥4.8)

Significantly Below Fair Value: 603600 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603600?

Key metric: As 603600 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603600. This is calculated by dividing 603600's market cap by their current earnings.
What is 603600's PE Ratio?
PE Ratio12.2x
EarningsCN¥311.53m
Market CapCN¥3.78b

Price to Earnings Ratio vs Peers

How does 603600's PE Ratio compare to its peers?

The above table shows the PE ratio for 603600 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.2x
300952 Jiangsu Hanvo Safety Product
30.3x31.2%CN¥3.2b
002103 Guangbo Group Stock
35.6xn/aCN¥5.4b
300847 HG Technologies
48.1xn/aCN¥5.5b
603661 Henglin Home FurnishingsLtd
26.6x44.7%CN¥4.3b
603600 UE Furniture
12.2x19.8%CN¥3.8b

Price-To-Earnings vs Peers: 603600 is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (35.2x).

Price to Earnings Ratio vs Industry

How does 603600's PE Ratio compare vs other companies in the CN Commercial Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
000711 Kingland TechnologyLtd
2.8xn/aUS$696.81m
603603 Poten Environment GroupLtd
0.2xn/aUS$52.12m
No more companies available in this PE range
603600 12.2xIndustry Avg. 32.9xNo. of Companies12PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603600 is good value based on its Price-To-Earnings Ratio (12.2x) compared to the CN Commercial Services industry average (32.9x).

Price to Earnings Ratio vs Fair Ratio

What is 603600'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.

603600 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: 603600 is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

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 603600 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥11.54
CN¥14.30
+23.9%
9.1%CN¥15.60CN¥13.00n/a2
Dec ’25CN¥11.70
CN¥14.30
+22.2%
9.1%CN¥15.60CN¥13.00n/a2
Nov ’25CN¥12.41
CN¥14.30
+15.2%
9.1%CN¥15.60CN¥13.00n/a2
Oct ’25CN¥11.61
CN¥13.93
+19.9%
14.1%CN¥15.89CN¥11.96n/a2
Sep ’25CN¥9.42
CN¥13.93
+47.8%
14.1%CN¥15.89CN¥11.96n/a2
Aug ’25CN¥9.51
CN¥15.37
+61.6%
3.4%CN¥15.89CN¥14.85n/a2
Jul ’25CN¥10.69
CN¥15.37
+43.8%
3.4%CN¥15.89CN¥14.85n/a2
Jun ’25CN¥11.20
CN¥14.55
+29.9%
2.1%CN¥14.85CN¥14.24n/a2
May ’25CN¥11.76
CN¥14.55
+23.7%
2.1%CN¥14.85CN¥14.24n/a2
Apr ’25CN¥12.46
CN¥13.42
+7.7%
6.1%CN¥14.24CN¥12.60n/a2
Mar ’25CN¥10.33
CN¥13.42
+29.9%
6.1%CN¥14.24CN¥12.60n/a2
Feb ’25CN¥9.96
CN¥13.42
+34.7%
6.1%CN¥14.24CN¥12.60n/a2
Jan ’25CN¥11.04
CN¥13.42
+21.6%
6.1%CN¥14.24CN¥12.60n/a2
Dec ’24CN¥10.00
CN¥13.42
+34.2%
6.1%CN¥14.24CN¥12.60CN¥11.702
Nov ’24CN¥9.30
CN¥13.42
+44.3%
6.1%CN¥14.24CN¥12.60CN¥12.412
Oct ’24CN¥9.87
CN¥13.49
+36.7%
5.6%CN¥14.24CN¥12.74CN¥11.612
Sep ’24CN¥10.27
CN¥13.65
+32.9%
6.7%CN¥14.56CN¥12.74CN¥9.422
Aug ’24CN¥9.92
CN¥13.34
+34.5%
9.1%CN¥14.56CN¥12.12CN¥9.512
Jul ’24CN¥9.51
CN¥13.34
+40.3%
9.1%CN¥14.56CN¥12.12CN¥10.692
Jun ’24CN¥9.39
CN¥13.34
+42.1%
9.1%CN¥14.56CN¥12.12CN¥11.202
Dec ’23CN¥10.85
CN¥12.31
+13.5%
5.8%CN¥13.02CN¥11.60CN¥10.002

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 13:00
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

UE Furniture Co., Ltd. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fang Yi CaiChangjiang Securities Co. LTD.
Bairu ChenChina Galaxy Securities Co., Ltd.
Kai ZhengChina Merchants Securities Co. Ltd.