Jinhua Chunguang TechnologyLtd Valuation

Q: What is the Fair Price of 603657 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603657 (CN¥13.96) is trading above our estimate of [[fair value]] (CN¥1.3)

Is 603657 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-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 603657 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603657 (CN¥13.96) is trading above our estimate of fair value (CN¥1.3)

Significantly Below Fair Value: 603657 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603657?

Key metric: As 603657 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603657. This is calculated by dividing 603657's market cap by their current revenue.
What is 603657's PS Ratio?
PS Ratio	1x
Sales	CN¥1.95b
Market Cap	CN¥1.86b

603657 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	1x
Enterprise Value/EBITDA	34x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 603657's PS Ratio compare to its peers?

The above table shows the PS ratio for 603657 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	4.4x
003023 Chengdu Rainbow Appliance (Group) Shares	1.5x	n/a	CN¥2.1b
301113 Zhejiang Yayi Metal TechnologyLtd	12.2x	n/a	CN¥1.9b
301353 Zhejiang Prulde Electric Appliance	2.5x	n/a	CN¥2.1b
001387 Hefei Snowky Electric	1.2x	n/a	CN¥2.7b
603657 Jinhua Chunguang TechnologyLtd	1x	18.2%	CN¥1.9b

Price-To-Sales vs Peers: 603657 is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (4.4x).

Price to Sales Ratio vs Industry

How does 603657's PS Ratio compare vs other companies in the CN Consumer Durables Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
000521 Changhong Meiling	0.3x	9.3%	US$1.11b

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 603657 is good value based on its Price-To-Sales Ratio (1x) compared to the CN Consumer Durables industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is 603657'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.

603657 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1x
Fair PS Ratio	0.9x

Price-To-Sales vs Fair Ratio: 603657 is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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.