Hangzhou Greatstar Industrial Valuation

Q: What is the Fair Price of 002444 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002444 (CN¥27.79) is trading above our estimate of [[fair value]] (CN¥8.23)

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¥27.79) is trading above our estimate of fair value (CN¥8.23)

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.

The above table shows the n/a ratio for 002444. This is calculated by dividing 002444's market cap by their current preferred multiple.
What is 002444's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CN¥33.19b

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/Revenue	2.5x
Enterprise Value/EBITDA	14.9x
PEG Ratio	1.2x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.3x
000921 Hisense Home Appliances Group	10.7x	10.9%	CN¥32.7b
002032 Zhejiang Supor	18.3x	7.8%	CN¥40.3b
603486 Ecovacs Robotics	37.9x	34.7%	CN¥24.2b
002508 Hangzhou Robam Appliances	10.2x	7.6%	CN¥16.9b
002444 Hangzhou Greatstar Industrial	16.5x	14.3%	CN¥33.2b

Price-To-Earnings vs Peers: 002444 is good value based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (19.3x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	11.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	11.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 002444 is good value based on its Price-To-Earnings Ratio (16.5x) compared to the CN Consumer Durables industry average (17.7x).

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 Ratio	16.5x
Fair PE Ratio	18x

Price-To-Earnings vs Fair Ratio: 002444 is good value based on its Price-To-Earnings Ratio (16.5x) compared to the estimated Fair Price-To-Earnings Ratio (18x).

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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥27.79	CN¥29.90 +7.6%	10.6%	CN¥34.00	CN¥25.00	n/a	8
Aug ’25	CN¥24.25	CN¥29.69 +22.4%	10.8%	CN¥34.00	CN¥25.00	n/a	8
Jul ’25	CN¥26.50	CN¥29.00 +9.5%	11.4%	CN¥34.00	CN¥25.00	n/a	9
Jun ’25	CN¥25.41	CN¥28.50 +12.2%	9.3%	CN¥31.92	CN¥25.00	n/a	9
May ’25	CN¥25.36	CN¥27.43 +8.2%	8.7%	CN¥31.92	CN¥25.00	n/a	9
Apr ’25	CN¥26.57	CN¥26.15 -1.6%	8.3%	CN¥31.00	CN¥22.50	n/a	9
Mar ’25	CN¥21.61	CN¥26.15 +21.0%	8.3%	CN¥31.00	CN¥22.50	n/a	9
Feb ’25	CN¥18.54	CN¥26.15 +41.1%	8.3%	CN¥31.00	CN¥22.50	n/a	9
Jan ’25	CN¥22.52	CN¥25.66 +13.9%	8.4%	CN¥30.00	CN¥22.50	n/a	9
Dec ’24	CN¥21.81	CN¥25.77 +18.2%	8.5%	CN¥30.00	CN¥22.50	n/a	9
Nov ’24	CN¥20.24	CN¥25.77 +27.3%	8.5%	CN¥30.00	CN¥22.50	n/a	9
Oct ’24	CN¥19.49	CN¥25.89 +32.8%	9.2%	CN¥30.00	CN¥22.50	n/a	8
Sep ’24	CN¥19.57	CN¥25.95 +32.6%	9.6%	CN¥30.50	CN¥22.50	CN¥26.74	8
Aug ’24	CN¥21.71	CN¥27.61 +27.2%	13.3%	CN¥33.00	CN¥22.91	CN¥24.25	8
Jul ’24	CN¥21.88	CN¥26.56 +21.4%	11.3%	CN¥33.00	CN¥22.91	CN¥26.50	8
Jun ’24	CN¥17.16	CN¥26.56 +54.8%	11.3%	CN¥33.00	CN¥22.91	CN¥25.41	8
May ’24	CN¥18.96	CN¥26.49 +39.7%	11.3%	CN¥33.00	CN¥22.91	CN¥25.36	8
Apr ’24	CN¥18.92	CN¥26.19 +38.4%	9.3%	CN¥29.40	CN¥23.00	CN¥26.57	7
Mar ’24	CN¥21.49	CN¥26.71 +24.3%	10.0%	CN¥30.36	CN¥23.00	CN¥21.61	8
Feb ’24	CN¥22.04	CN¥26.71 +21.2%	10.0%	CN¥30.36	CN¥23.00	CN¥18.54	8
Jan ’24	CN¥18.98	CN¥26.71 +40.7%	10.0%	CN¥30.36	CN¥23.00	CN¥22.52	8
Dec ’23	CN¥21.98	CN¥26.71 +21.5%	10.0%	CN¥30.36	CN¥23.00	CN¥21.81	8
Nov ’23	CN¥20.61	CN¥27.46 +33.2%	12.3%	CN¥33.00	CN¥23.00	CN¥20.24	8
Oct ’23	CN¥19.00	CN¥27.15 +42.9%	13.7%	CN¥33.00	CN¥22.00	CN¥19.49	8
Sep ’23	CN¥22.41	CN¥26.50 +18.2%	15.5%	CN¥33.00	CN¥22.00	CN¥19.57	8

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