Chow Tai Seng Jewellery Co., Ltd.

XSEC:002867 Stock Report

Market Cap: CN¥12.1b

Chow Tai Seng Jewellery Valuation

Is 002867 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 002867 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002867 (CN¥11.15) is trading below our estimate of fair value (CN¥14.95)

Significantly Below Fair Value: 002867 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002867?

Other financial metrics that can be useful for relative valuation.

002867 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/Revenue0.8x
Enterprise Value/EBITDA7.3x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does 002867's PE Ratio compare to its peers?

The above table shows the PE ratio for 002867 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.4x
002832 BIEM.L.FDLKK GarmentLtd
11.8x21.5%CN¥10.8b
002003 Zhejiang Weixing Industrial Development
24x14.8%CN¥15.3b
600916 China National Gold Group Gold JewelleryLtd
15.2x15.5%CN¥14.8b
002612 Lancy
34.7x24.4%CN¥7.4b
002867 Chow Tai Seng Jewellery
11.3x18.0%CN¥12.1b

Price-To-Earnings vs Peers: 002867 is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (21.4x).


Price to Earnings Ratio vs Industry

How does 002867's PE Ratio compare vs other companies in the CN Luxury Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 002867 is good value based on its Price-To-Earnings Ratio (11.3x) compared to the CN Luxury industry average (20.9x).


Price to Earnings Ratio vs Fair Ratio

What is 002867'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.

002867 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.3x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: 002867 is good value based on its Price-To-Earnings Ratio (11.3x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).


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 002867 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥11.33
CN¥13.28
+17.2%
15.7%CN¥17.15CN¥11.00n/a6
Oct ’25CN¥13.19
CN¥13.60
+3.1%
16.8%CN¥17.15CN¥10.50n/a5
Sep ’25CN¥10.88
CN¥14.35
+31.9%
25.8%CN¥20.22CN¥10.50n/a4
Aug ’25CN¥11.77
CN¥20.05
+70.3%
3.5%CN¥20.96CN¥19.00n/a4
Jul ’25CN¥13.37
CN¥20.05
+49.9%
3.5%CN¥20.96CN¥19.00n/a4
Jun ’25CN¥16.73
CN¥20.05
+19.8%
3.5%CN¥20.96CN¥19.00n/a4
May ’25CN¥15.97
CN¥20.42
+27.9%
1.8%CN¥20.96CN¥20.00n/a4
Apr ’25CN¥19.10
CN¥21.08
+10.3%
5.2%CN¥22.90CN¥20.00n/a5
Mar ’25CN¥18.19
CN¥21.08
+15.9%
5.2%CN¥22.90CN¥20.00n/a5
Feb ’25CN¥16.01
CN¥21.08
+31.6%
5.2%CN¥22.90CN¥20.00n/a5
Jan ’25CN¥15.18
CN¥21.08
+38.8%
5.2%CN¥22.90CN¥20.00n/a5
Dec ’24CN¥15.52
CN¥21.08
+35.8%
5.2%CN¥22.90CN¥20.00n/a5
Nov ’24CN¥14.77
CN¥21.08
+42.7%
5.2%CN¥22.90CN¥20.00CN¥11.155
Oct ’24CN¥17.70
CN¥21.47
+21.3%
5.0%CN¥22.90CN¥20.00CN¥13.195
Sep ’24CN¥17.11
CN¥21.37
+24.9%
4.4%CN¥22.39CN¥20.00CN¥10.885
Aug ’24CN¥16.59
CN¥21.37
+28.8%
4.4%CN¥22.39CN¥20.00CN¥11.775
Jul ’24CN¥17.78
CN¥21.37
+20.2%
4.4%CN¥22.39CN¥20.00CN¥13.375
Jun ’24CN¥16.99
CN¥20.97
+23.4%
7.1%CN¥22.39CN¥18.50CN¥16.735
May ’24CN¥16.92
CN¥19.21
+13.5%
9.1%CN¥21.78CN¥16.98CN¥15.974
Apr ’24CN¥15.84
CN¥17.47
+10.3%
10.2%CN¥19.57CN¥14.82CN¥19.104
Mar ’24CN¥16.88
CN¥17.47
+3.5%
10.2%CN¥19.57CN¥14.82CN¥18.194
Feb ’24CN¥15.53
CN¥17.47
+12.5%
10.2%CN¥19.57CN¥14.82CN¥16.014
Jan ’24CN¥14.03
CN¥16.16
+15.2%
10.4%CN¥18.50CN¥14.35CN¥15.184
Dec ’23CN¥13.68
CN¥16.16
+18.1%
10.4%CN¥18.50CN¥14.35CN¥15.524
Nov ’23CN¥11.89
CN¥16.16
+35.9%
10.4%CN¥18.50CN¥14.35CN¥14.774

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


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