Mingxin Automotive Leather Valuation

Q: What is the Fair Price of 605068 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

605068 (CN¥13.84) is trading above our estimate of [[fair value]] (CN¥5.2)

Is 605068 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 605068 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 605068 (CN¥13.84) is trading above our estimate of fair value (CN¥5.2)

Significantly Below Fair Value: 605068 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 605068?

Key metric: As 605068 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 605068. This is calculated by dividing 605068's market cap by their current earnings.
What is 605068's PE Ratio?
PE Ratio	79.5x
Earnings	CN¥28.06m
Market Cap	CN¥2.23b

605068 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	2.7x
Enterprise Value/EBITDA	24.5x
PEG Ratio	1.4x

Price to Earnings Ratio vs Peers

How does 605068's PE Ratio compare to its peers?

The above table shows the PE ratio for 605068 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	32x
605055 Zhejiang Yingfeng Technology	57.6x	n/a	CN¥2.3b
300819 Jiangsu Jujie Microfiber Technology Group	34.8x	n/a	CN¥2.0b
605189 Wuhu Fuchun Dye and WeaveLtd	14.6x	25.9%	CN¥2.0b
603238 HangZhou Nbond Nonwovens	20.8x	n/a	CN¥2.0b
605068 Mingxin Automotive Leather	79.5x	57.6%	CN¥2.2b

Price-To-Earnings vs Peers: 605068 is expensive based on its Price-To-Earnings Ratio (79.5x) compared to the peer average (32x).

Price to Earnings Ratio vs Industry

How does 605068'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: 605068 is expensive based on its Price-To-Earnings Ratio (79.5x) compared to the CN Luxury industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is 605068'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.

605068 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	79.5x
Fair PE Ratio	41.3x

Price-To-Earnings vs Fair Ratio: 605068 is expensive based on its Price-To-Earnings Ratio (79.5x) compared to the estimated Fair Price-To-Earnings Ratio (41.3x).

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 605068 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¥13.84	CN¥17.50 +26.4%	8.6%	CN¥19.00	CN¥16.00	n/a	2
Nov ’25	CN¥13.22	CN¥17.50 +32.4%	8.6%	CN¥19.00	CN¥16.00	n/a	2
Oct ’25	CN¥13.86	CN¥19.50 +40.7%	2.6%	CN¥20.00	CN¥19.00	n/a	2
Sep ’25	CN¥11.93	CN¥19.50 +63.5%	2.6%	CN¥20.00	CN¥19.00	n/a	2
Aug ’25	CN¥13.47	CN¥19.50 +44.8%	2.6%	CN¥20.00	CN¥19.00	n/a	2
Nov ’24	CN¥25.14	CN¥28.50 +13.4%	5.3%	CN¥30.00	CN¥27.00	CN¥13.22	2
Oct ’24	CN¥27.80	CN¥28.50 +2.5%	5.3%	CN¥30.00	CN¥27.00	CN¥13.86	2
Sep ’24	CN¥25.34	CN¥28.50 +12.5%	5.3%	CN¥30.00	CN¥27.00	CN¥11.93	2
Aug ’24	CN¥23.96	CN¥28.50 +18.9%	5.3%	CN¥30.00	CN¥27.00	CN¥13.47	2
Jul ’24	CN¥24.46	CN¥28.50 +16.5%	5.3%	CN¥30.00	CN¥27.00	CN¥13.40	2
Jun ’24	CN¥21.42	CN¥28.50 +33.1%	5.3%	CN¥30.00	CN¥27.00	CN¥15.09	2
May ’24	CN¥23.32	CN¥28.50 +22.2%	5.3%	CN¥30.00	CN¥27.00	CN¥16.70	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.