QiaoYin City Management (XSEC:002973) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 002973 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002973 (CN¥9.87) is trading above our estimate of [[fair value]] (CN¥2.86)

Share Price vs Fair Value

What is the Fair Price of 002973 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002973 (CN¥9.87) is trading above our estimate of fair value (CN¥2.86)

Significantly Below Fair Value: 002973 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002973?

Key metric: As 002973 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002973. This is calculated by dividing 002973's market cap by their current earnings.
What is 002973's PE Ratio?
PE Ratio	13.9x
Earnings	CN¥289.84m
Market Cap	CN¥4.03b

002973 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	2x
Enterprise Value/EBITDA	10.4x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

How does 002973's PE Ratio compare to its peers?

The above table shows the PE ratio for 002973 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	28.7x
300664 Penyao Environmental Protection	26.4x	n/a	CN¥4.1b
603126 Sinoma Energy Conservation	50.7x	n/a	CN¥3.8b
301305 Shenzhen Lions King Hi-Tech	19.9x	n/a	CN¥4.4b
603817 Fujian Haixia Environmental Protection GroupLtd	17.7x	n/a	CN¥3.2b
002973 QiaoYin City Management	13.9x	15.8%	CN¥4.0b

Price-To-Earnings vs Peers: 002973 is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (28.7x).

Price to Earnings Ratio vs Industry

How does 002973's PE Ratio compare vs other companies in the CN Commercial Services Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
000711 Kingland TechnologyLtd	3x	n/a	US$698.34m
603603 Poten Environment GroupLtd	0.2x	n/a	US$52.12m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 002973 is good value based on its Price-To-Earnings Ratio (13.9x) compared to the CN Commercial Services industry average (32.2x).

Price to Earnings Ratio vs Fair Ratio

What is 002973'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.

002973 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.9x
Fair PE Ratio	18.3x

Price-To-Earnings vs Fair Ratio: 002973 is good value based on its Price-To-Earnings Ratio (13.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

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 002973 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥9.87	CN¥14.40 +45.8%	9.7%	CN¥15.79	CN¥13.00	n/a	2
Nov ’25	CN¥10.69	CN¥14.40 +34.7%	9.7%	CN¥15.79	CN¥13.00	n/a	2
Oct ’25	CN¥9.57	CN¥13.60 +42.1%	4.4%	CN¥14.20	CN¥13.00	n/a	2
Sep ’25	CN¥8.52	CN¥13.60 +59.6%	4.4%	CN¥14.20	CN¥13.00	n/a	2
Aug ’25	CN¥9.67	CN¥14.20 +46.8%	8.5%	CN¥15.40	CN¥13.00	n/a	2
Jul ’25	CN¥8.88	CN¥14.20 +59.9%	8.5%	CN¥15.40	CN¥13.00	n/a	2
Jun ’25	CN¥9.63	CN¥14.20 +47.5%	8.5%	CN¥15.40	CN¥13.00	n/a	2
May ’25	CN¥9.44	CN¥14.20 +50.4%	8.5%	CN¥15.40	CN¥13.00	n/a	2
Apr ’25	CN¥10.47	CN¥14.06 +34.3%	7.5%	CN¥15.12	CN¥13.00	n/a	2
Mar ’25	CN¥9.01	CN¥14.06 +56.0%	7.5%	CN¥15.12	CN¥13.00	n/a	2
Feb ’25	CN¥9.33	CN¥13.92 +49.2%	6.4%	CN¥15.12	CN¥13.00	n/a	3
Jan ’25	CN¥10.97	CN¥13.92 +26.9%	6.4%	CN¥15.12	CN¥13.00	n/a	3
Dec ’24	CN¥11.10	CN¥13.92 +25.4%	6.4%	CN¥15.12	CN¥13.00	n/a	3
Nov ’24	CN¥11.18	CN¥13.92 +24.5%	6.4%	CN¥15.12	CN¥13.00	CN¥10.69	3
Oct ’24	CN¥11.29	CN¥13.92 +23.3%	6.4%	CN¥15.12	CN¥13.00	CN¥9.57	3
Sep ’24	CN¥11.70	CN¥13.92 +18.9%	6.4%	CN¥15.12	CN¥13.00	CN¥8.52	3
Aug ’24	CN¥12.87	CN¥14.04 +9.1%	7.5%	CN¥15.48	CN¥13.00	CN¥9.67	3
Jul ’24	CN¥11.60	CN¥14.24 +22.8%	8.7%	CN¥15.48	CN¥13.00	CN¥8.88	2
Jun ’24	CN¥12.09	CN¥14.24 +17.8%	8.7%	CN¥15.48	CN¥13.00	CN¥9.63	2
May ’24	CN¥11.20	CN¥14.24 +27.1%	8.7%	CN¥15.48	CN¥13.00	CN¥9.44	2
Apr ’24	CN¥11.19	CN¥12.83 +14.6%	1.4%	CN¥13.00	CN¥12.65	CN¥10.47	2
Mar ’24	CN¥11.76	CN¥12.83 +9.1%	1.4%	CN¥13.00	CN¥12.65	CN¥9.01	2
Feb ’24	CN¥11.41	CN¥12.83 +12.4%	1.4%	CN¥13.00	CN¥12.65	CN¥9.33	2
Jan ’24	CN¥10.66	CN¥12.83 +20.3%	1.4%	CN¥13.00	CN¥12.65	CN¥10.97	2
Dec ’23	CN¥11.81	CN¥12.83 +8.6%	1.4%	CN¥13.00	CN¥12.65	CN¥11.10	2
Nov ’23	CN¥10.93	CN¥14.11 +29.1%	7.9%	CN¥15.22	CN¥13.00	CN¥11.18	2

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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QiaoYin City Management Valuation