Changhong Meiling Valuation

Is 000521 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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 000521 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000521 (CN¥8.65) is trading below our estimate of fair value (CN¥31.44)

Significantly Below Fair Value: 000521 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000521?

Key metric: As 000521 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000521. This is calculated by dividing 000521's market cap by their current earnings.
What is 000521's PE Ratio?
PE Ratio	11.5x
Earnings	CN¥772.70m
Market Cap	CN¥8.18b

000521 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

How does 000521's PE Ratio compare to its peers?

The above table shows the PE ratio for 000521 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	66.3x
300217 Zhenjiang Dongfang Electric Heating TechnologyLtd	23.1x	12.7%	CN¥8.4b
002779 Zhejiang Zhongjian TechnologyLtd	201.5x	n/a	CN¥7.2b
002959 Bear Electric ApplianceLtd	21.1x	19.2%	CN¥6.8b
605555 Ningbo Dechang Electrical Machinery Made	19.4x	25.5%	CN¥7.3b
000521 Changhong Meiling	11.5x	12.9%	CN¥8.2b

Price-To-Earnings vs Peers: 000521 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (66.3x).

Price to Earnings Ratio vs Industry

How does 000521's PE Ratio compare vs other companies in the CN Consumer Durables Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
002473 Ningbo Sunlight Electrical ApplianceLtd	3.5x	n/a	US$18.86m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 000521 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the CN Consumer Durables industry average (23.2x).

Price to Earnings Ratio vs Fair Ratio

What is 000521'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.

000521 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.5x
Fair PE Ratio	16.8x

Price-To-Earnings vs Fair Ratio: 000521 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.8x).

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.