HMT (Xiamen) New Technical Materials Valuation

Is 603306 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 603306 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603306 (CN¥31.45) is trading below our estimate of fair value (CN¥93.42)

Significantly Below Fair Value: 603306 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603306?

Key metric: As 603306 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603306. This is calculated by dividing 603306's market cap by their current earnings.
What is 603306's PE Ratio?
PE Ratio	34.9x
Earnings	CN¥289.56m
Market Cap	CN¥10.11b

603306 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	4.5x
Enterprise Value/EBITDA	21.8x
PEG Ratio	1.3x

Price to Earnings Ratio vs Peers

How does 603306's PE Ratio compare to its peers?

The above table shows the PE ratio for 603306 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	27.9x
603055 Zhejiang Taihua New Material Group	13.1x	15.7%	CN¥9.7b
002516 Kuangda Technology Group	45.8x	n/a	CN¥7.7b
600987 Zhejiang HangminLtd	10.5x	n/a	CN¥7.4b
002254 Tayho Advanced Materials Group	42.1x	46.5%	CN¥8.7b
603306 HMT (Xiamen) New Technical Materials	34.9x	26.1%	CN¥10.1b

Price-To-Earnings vs Peers: 603306 is expensive based on its Price-To-Earnings Ratio (34.9x) compared to the peer average (27.9x).

Price to Earnings Ratio vs Industry

How does 603306's PE Ratio compare vs other companies in the CN Luxury Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 603306 is expensive based on its Price-To-Earnings Ratio (34.9x) compared to the CN Luxury industry average (22.6x).

Price to Earnings Ratio vs Fair Ratio

What is 603306'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.

603306 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	34.9x
Fair PE Ratio	23.8x

Price-To-Earnings vs Fair Ratio: 603306 is expensive based on its Price-To-Earnings Ratio (34.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.8x).

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.