Hangzhou Greatstar Industrial Co., Ltd

SZSE:002444 Stock Report

Market Cap: CN¥30.4b

Hangzhou Greatstar Industrial Valuation

Is 002444 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 002444 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002444 (CN¥25.4) is trading above our estimate of fair value (CN¥17.64)

Significantly Below Fair Value: 002444 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002444?

Other financial metrics that can be useful for relative valuation.

002444 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/Revenue2.4x
Enterprise Value/EBITDA14.9x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 002444's PE Ratio compare to its peers?

The above table shows the PE ratio for 002444 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.1x
000921 Hisense Home Appliances Group
11.6x12.4%CN¥34.7b
002032 Zhejiang Supor
17.5x7.8%CN¥38.6b
002508 Hangzhou Robam Appliances
11.4x9.4%CN¥19.6b
603486 Ecovacs Robotics
40x36.8%CN¥23.4b
002444 Hangzhou Greatstar Industrial
16.8x16.5%CN¥30.4b

Price-To-Earnings vs Peers: 002444 is good value based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (20.1x).


Price to Earnings Ratio vs Industry

How does 002444's PE Ratio compare vs other companies in the CN Consumer Durables Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 002444 is good value based on its Price-To-Earnings Ratio (16.8x) compared to the CN Consumer Durables industry average (19.1x).


Price to Earnings Ratio vs Fair Ratio

What is 002444'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.

002444 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.8x
Fair PE Ratio20.8x

Price-To-Earnings vs Fair Ratio: 002444 is good value based on its Price-To-Earnings Ratio (16.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).


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 002444 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥25.40
CN¥29.69
+16.9%
10.8%CN¥34.00CN¥25.00n/a8
Jul ’25CN¥26.50
CN¥29.00
+9.5%
11.4%CN¥34.00CN¥25.00n/a9
Jun ’25CN¥25.41
CN¥28.50
+12.2%
9.3%CN¥31.92CN¥25.00n/a9
May ’25CN¥25.36
CN¥27.43
+8.2%
8.7%CN¥31.92CN¥25.00n/a9
Apr ’25CN¥26.57
CN¥26.15
-1.6%
8.3%CN¥31.00CN¥22.50n/a9
Mar ’25CN¥21.61
CN¥26.15
+21.0%
8.3%CN¥31.00CN¥22.50n/a9
Feb ’25CN¥18.54
CN¥26.15
+41.1%
8.3%CN¥31.00CN¥22.50n/a9
Jan ’25CN¥22.52
CN¥25.66
+13.9%
8.4%CN¥30.00CN¥22.50n/a9
Dec ’24CN¥21.81
CN¥25.77
+18.2%
8.5%CN¥30.00CN¥22.50n/a9
Nov ’24CN¥20.24
CN¥25.77
+27.3%
8.5%CN¥30.00CN¥22.50n/a9
Oct ’24CN¥19.49
CN¥25.89
+32.8%
9.2%CN¥30.00CN¥22.50n/a8
Sep ’24CN¥19.57
CN¥25.95
+32.6%
9.6%CN¥30.50CN¥22.50n/a8
Aug ’24CN¥21.71
CN¥27.61
+27.2%
13.3%CN¥33.00CN¥22.91n/a8
Jul ’24CN¥21.88
CN¥26.56
+21.4%
11.3%CN¥33.00CN¥22.91CN¥26.508
Jun ’24CN¥17.16
CN¥26.56
+54.8%
11.3%CN¥33.00CN¥22.91CN¥25.418
May ’24CN¥18.96
CN¥26.49
+39.7%
11.3%CN¥33.00CN¥22.91CN¥25.368
Apr ’24CN¥18.92
CN¥26.19
+38.4%
9.3%CN¥29.40CN¥23.00CN¥26.577
Mar ’24CN¥21.49
CN¥26.71
+24.3%
10.0%CN¥30.36CN¥23.00CN¥21.618
Feb ’24CN¥22.04
CN¥26.71
+21.2%
10.0%CN¥30.36CN¥23.00CN¥18.548
Jan ’24CN¥18.98
CN¥26.71
+40.7%
10.0%CN¥30.36CN¥23.00CN¥22.528
Dec ’23CN¥21.98
CN¥26.71
+21.5%
10.0%CN¥30.36CN¥23.00CN¥21.818
Nov ’23CN¥20.61
CN¥27.46
+33.2%
12.3%CN¥33.00CN¥23.00CN¥20.248
Oct ’23CN¥19.00
CN¥27.15
+42.9%
13.7%CN¥33.00CN¥22.00CN¥19.498
Sep ’23CN¥22.41
CN¥26.50
+18.2%
15.5%CN¥33.00CN¥22.00CN¥19.578
Aug ’23CN¥21.33
CN¥25.20
+18.1%
15.1%CN¥33.00CN¥22.00CN¥21.718
Jul ’23CN¥18.18
CN¥25.20
+38.6%
15.1%CN¥33.00CN¥22.00CN¥21.888

Analyst Forecast: Target price is less than 20% higher than the current share price.


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