Wangneng Environment Co.,Ltd

SZSE:002034 Stock Report

Market Cap: CN¥6.7b

Wangneng EnvironmentLtd Valuation

Is 002034 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 002034 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002034 (CN¥14.96) is trading above our estimate of fair value (CN¥10.15)

Significantly Below Fair Value: 002034 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002034?

Key metric: As 002034 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002034. This is calculated by dividing 002034's market cap by their current earnings.
What is 002034's PE Ratio?
PE Ratio10.7x
EarningsCN¥599.68m
Market CapCN¥6.74b

Price to Earnings Ratio vs Peers

How does 002034's PE Ratio compare to its peers?

The above table shows the PE ratio for 002034 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.4x
301109 Hunan Junxin Environmental Protection
12.9xn/aCN¥6.7b
001267 Hui Lyu Ecological Technology GroupsLtd
138.9x41.5%CN¥5.7b
600874 Tianjin Capital Environmental Protection Group
10.5xn/aCN¥8.2b
300815 EIT Environmental Development GroupLtd
11.1x17.5%CN¥6.2b
002034 Wangneng EnvironmentLtd
10.7x15.7%CN¥6.4b

Price-To-Earnings vs Peers: 002034 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (43.4x).

Price to Earnings Ratio vs Industry

How does 002034's PE Ratio compare vs other companies in the CN Commercial Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
000711 Kingland TechnologyLtd
2.9xn/aUS$689.80m
603603 Poten Environment GroupLtd
0.2xn/aUS$52.12m
No more companies available in this PE range
002034 10.7xIndustry Avg. 31.5xNo. of Companies12PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002034 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the CN Commercial Services industry average (31.5x).

Price to Earnings Ratio vs Fair Ratio

What is 002034'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.

002034 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.7x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: 002034 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.1x).

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 002034 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥14.96
CN¥17.56
+17.4%
4.9%CN¥18.42CN¥16.70n/a2
Nov ’25CN¥14.86
CN¥17.56
+18.2%
4.9%CN¥18.42CN¥16.70n/a2
Oct ’25CN¥15.80
CN¥17.40
+10.1%
4.0%CN¥18.09CN¥16.70n/a2
Sep ’25CN¥13.45
CN¥17.40
+29.3%
4.0%CN¥18.09CN¥16.70n/a2
Aug ’25CN¥13.18
CN¥17.65
+33.9%
5.4%CN¥18.59CN¥16.70n/a2
Jul ’25CN¥13.22
CN¥17.65
+33.5%
5.4%CN¥18.59CN¥16.70n/a2
Jun ’25CN¥15.06
CN¥17.65
+17.2%
5.4%CN¥18.59CN¥16.70n/a2
May ’25CN¥14.42
CN¥17.65
+22.4%
5.4%CN¥18.59CN¥16.70n/a2
Apr ’25CN¥13.77
CN¥20.88
+51.6%
20.0%CN¥25.05CN¥16.70n/a2
Mar ’25CN¥13.89
CN¥22.59
+62.6%
10.9%CN¥25.05CN¥20.13n/a2
Feb ’25CN¥13.61
CN¥22.59
+66.0%
10.9%CN¥25.05CN¥20.13n/a2
Jan ’25CN¥15.25
CN¥22.59
+48.1%
10.9%CN¥25.05CN¥20.13n/a2
Dec ’24CN¥15.26
CN¥22.59
+48.0%
10.9%CN¥25.05CN¥20.13n/a2
Nov ’24CN¥14.86
CN¥22.59
+52.0%
10.9%CN¥25.05CN¥20.13CN¥14.862
Oct ’24CN¥15.66
CN¥24.97
+59.4%
19.4%CN¥29.80CN¥20.13CN¥15.802
Sep ’24CN¥15.83
CN¥24.97
+57.7%
19.4%CN¥29.80CN¥20.13CN¥13.452
Aug ’24CN¥16.28
CN¥25.02
+53.7%
12.9%CN¥28.25CN¥21.78CN¥13.182
Jul ’24CN¥15.81
CN¥25.02
+58.2%
12.9%CN¥28.25CN¥21.78CN¥13.222
Jun ’24CN¥16.06
CN¥25.73
+60.2%
11.0%CN¥28.25CN¥21.78CN¥15.063
May ’24CN¥17.15
CN¥25.73
+50.0%
11.0%CN¥28.25CN¥21.78CN¥14.423
Apr ’24CN¥17.94
CN¥26.35
+46.9%
13.1%CN¥30.10CN¥21.78CN¥13.773
Mar ’24CN¥18.85
CN¥26.65
+41.4%
6.0%CN¥27.98CN¥23.94CN¥13.894
Feb ’24CN¥18.98
CN¥26.65
+40.4%
6.0%CN¥27.98CN¥23.94CN¥13.614
Jan ’24CN¥18.04
CN¥26.65
+47.7%
6.0%CN¥27.98CN¥23.94CN¥15.254
Dec ’23CN¥18.82
CN¥26.65
+41.6%
6.0%CN¥27.98CN¥23.94CN¥15.264
Nov ’23CN¥18.57
CN¥26.64
+43.5%
6.0%CN¥27.98CN¥23.94CN¥14.864

Analyst Forecast: Target price is less than 20% higher than the current share price.

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