Anzheng Fashion Group Valuation

Q: What is the Fair Price of 603839 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603839 (CN¥5.8) is trading above our estimate of [[fair value]] (CN¥1.3)

Is 603839 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 603839 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603839 (CN¥5.8) is trading above our estimate of fair value (CN¥1.3)

Significantly Below Fair Value: 603839 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603839?

Key metric: As 603839 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603839. This is calculated by dividing 603839's market cap by their current revenue.
What is 603839's PS Ratio?
PS Ratio	1.1x
Sales	CN¥2.03b
Market Cap	CN¥2.26b

603839 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	-31.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 603839's PS Ratio compare to its peers?

The above table shows the PS ratio for 603839 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	4.8x
002762 Jinfa Labi Maternity & Baby Articles	12.3x	n/a	CN¥2.4b
002875 AnnilLtd	4.2x	n/a	CN¥2.9b
301276 Beijing Jiaman DressLtd	2x	11.5%	CN¥2.2b
605138 Sunrise Manufacture Group	0.8x	10.8%	CN¥3.0b
603839 Anzheng Fashion Group	1.1x	n/a	CN¥2.3b

Price-To-Sales vs Peers: 603839 is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (4.8x).

Price to Sales Ratio vs Industry

How does 603839's PS Ratio compare vs other companies in the CN Luxury Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
600916 China National Gold Group Gold JewelleryLtd	0.2x	11.3%	US$2.03b
002087 Henan Xinye Textile	0.07x	n/a	US$17.98m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 603839 is good value based on its Price-To-Sales Ratio (1.1x) compared to the CN Luxury industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is 603839'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.

603839 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 603839's Price-To-Sales Fair Ratio for valuation analysis.

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.