Ziel Home Furnishing Technology Valuation

Q: What is the Fair Price of 301376 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

301376 (CN¥20.26) is trading above our estimate of [[fair value]] (CN¥7.81)

Is 301376 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 301376 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 301376 (CN¥20.26) is trading above our estimate of fair value (CN¥7.81)

Significantly Below Fair Value: 301376 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 301376?

Key metric: As 301376 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 301376. This is calculated by dividing 301376's market cap by their current earnings.
What is 301376's PE Ratio?
PE Ratio	20.1x
Earnings	CN¥403.98m
Market Cap	CN¥8.13b

301376 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	1.2x
Enterprise Value/EBITDA	21x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

How does 301376's PE Ratio compare to its peers?

The above table shows the PE ratio for 301376 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	17.3x
301061 MotoMotion China	18.1x	19.0%	CN¥8.9b
603008 Xilinmen FurnitureLtd	17.4x	16.7%	CN¥7.0b
002572 Suofeiya Home Collection	14.2x	8.8%	CN¥17.1b
001323 De Rucci Healthy Sleep	19.7x	7.3%	CN¥16.3b
301376 Ziel Home Furnishing Technology	20.1x	26.6%	CN¥8.1b

Price-To-Earnings vs Peers: 301376 is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (17.2x).

Price to Earnings Ratio vs Industry

How does 301376'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: 301376 is good value based on its Price-To-Earnings Ratio (20.1x) compared to the CN Consumer Durables industry average (23.2x).

Price to Earnings Ratio vs Fair Ratio

What is 301376'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.

301376 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	20.1x
Fair PE Ratio	23.3x

Price-To-Earnings vs Fair Ratio: 301376 is good value based on its Price-To-Earnings Ratio (20.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.3x).

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 301376 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¥20.26	CN¥23.11 +14.1%	0.7%	CN¥23.33	CN¥23.00	n/a	3
Nov ’25	CN¥18.42	CN¥25.23 +37.0%	12.5%	CN¥29.69	CN¥23.00	n/a	3
Oct ’25	CN¥20.69	CN¥26.23 +26.8%	9.5%	CN¥29.69	CN¥24.00	n/a	3
Sep ’25	CN¥17.64	CN¥26.23 +48.7%	9.5%	CN¥29.69	CN¥24.00	n/a	3
Aug ’25	CN¥19.13	CN¥30.70 +60.5%	3.9%	CN¥32.40	CN¥29.69	n/a	3
Jul ’25	CN¥21.27	CN¥30.70 +44.3%	3.9%	CN¥32.40	CN¥29.69	n/a	3
Jun ’25	CN¥24.72	CN¥30.70 +24.2%	3.9%	CN¥32.40	CN¥29.69	n/a	3
May ’25	CN¥23.53	CN¥30.70 +30.5%	3.9%	CN¥32.40	CN¥29.69	n/a	3
Apr ’25	CN¥26.13	CN¥30.11 +15.2%	6.4%	CN¥32.64	CN¥28.00	n/a	3
Mar ’25	CN¥23.00	CN¥30.11 +30.9%	6.4%	CN¥32.64	CN¥28.00	n/a	3
Feb ’25	CN¥22.24	CN¥29.30 +31.8%	7.4%	CN¥32.64	CN¥26.88	n/a	4
Jan ’25	CN¥23.92	CN¥28.19 +17.9%	4.1%	CN¥29.69	CN¥26.88	n/a	3
Dec ’24	CN¥24.15	CN¥28.85 +19.4%	2.9%	CN¥29.69	CN¥28.00	n/a	2
Nov ’24	CN¥22.44	CN¥28.84 +28.5%	2.9%	CN¥29.68	CN¥28.00	CN¥18.42	2
Aug ’24	n/a	CN¥29.32 0%	3.4%	CN¥30.30	CN¥28.33	CN¥19.13	2

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