Huangshan Tourism DevelopmentLtd Valuation

Q: What is the Fair Price of 600054 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600054 (CN¥11.26) is trading above our estimate of [[fair value]] (CN¥9.12)

Is 600054 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 600054 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600054 (CN¥11.26) is trading above our estimate of fair value (CN¥9.12)

Significantly Below Fair Value: 600054 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600054?

Key metric: As 600054 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600054. This is calculated by dividing 600054's market cap by their current earnings.
What is 600054's PE Ratio?
PE Ratio	27.4x
Earnings	CN¥299.93m
Market Cap	CN¥6.94b

600054 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	3x
Enterprise Value/EBITDA	9x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

How does 600054's PE Ratio compare to its peers?

The above table shows the PE ratio for 600054 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	39.4x
300859 Western Regions Tourism DevelopmentLtd	60.8x	44.3%	CN¥5.8b
000888 Emei Shan TourismLtd	30.8x	15.1%	CN¥6.5b
000524 Guangzhou Lingnan Group Holdings	43.8x	22.0%	CN¥6.4b
002033 LiJiang YuLong Tourism	22.4x	12.5%	CN¥4.6b
600054 Huangshan Tourism DevelopmentLtd	27.4x	17.0%	CN¥6.9b

Price-To-Earnings vs Peers: 600054 is good value based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (39.4x).

Price to Earnings Ratio vs Industry

How does 600054's PE Ratio compare vs other companies in the CN Hospitality Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600054 is good value based on its Price-To-Earnings Ratio (27.4x) compared to the CN Hospitality industry average (48x).

Price to Earnings Ratio vs Fair Ratio

What is 600054'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.

600054 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	27.4x
Fair PE Ratio	28.6x

Price-To-Earnings vs Fair Ratio: 600054 is good value based on its Price-To-Earnings Ratio (27.4x) compared to the estimated Fair Price-To-Earnings Ratio (28.6x).

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 600054 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¥11.26	CN¥13.07 +16.0%	12.6%	CN¥15.40	CN¥11.80	n/a	3
Nov ’25	CN¥11.26	CN¥13.07 +16.0%	12.6%	CN¥15.40	CN¥11.80	n/a	3
Oct ’25	CN¥12.71	CN¥13.07 +2.8%	12.6%	CN¥15.40	CN¥11.80	n/a	3
Sep ’25	CN¥10.66	CN¥14.70 +37.9%	4.8%	CN¥15.40	CN¥14.00	n/a	2
Aug ’25	CN¥11.12	CN¥15.28 +37.4%	8.4%	CN¥16.56	CN¥14.00	n/a	2
Jul ’25	CN¥11.35	CN¥15.28 +34.6%	8.4%	CN¥16.56	CN¥14.00	n/a	2
Jun ’25	CN¥12.15	CN¥15.28 +25.8%	8.4%	CN¥16.56	CN¥14.00	n/a	2
May ’25	CN¥12.15	CN¥15.28 +25.8%	8.4%	CN¥16.56	CN¥14.00	n/a	2
Apr ’25	CN¥12.40	CN¥15.28 +23.2%	8.4%	CN¥16.56	CN¥14.00	n/a	2
Mar ’25	CN¥11.05	CN¥15.28 +38.3%	8.4%	CN¥16.56	CN¥14.00	n/a	2
Feb ’25	CN¥10.71	CN¥15.28 +42.7%	8.4%	CN¥16.56	CN¥14.00	n/a	2
Jan ’25	CN¥10.88	CN¥15.28 +40.4%	8.4%	CN¥16.56	CN¥14.00	n/a	2
Dec ’24	CN¥11.50	CN¥15.28 +32.9%	8.4%	CN¥16.56	CN¥14.00	n/a	2
Nov ’24	CN¥11.37	CN¥14.85 +30.6%	8.1%	CN¥16.56	CN¥14.00	CN¥11.26	3
Oct ’24	CN¥12.40	CN¥14.85 +19.8%	8.1%	CN¥16.56	CN¥14.00	CN¥12.71	3
Sep ’24	CN¥12.59	CN¥14.59 +15.9%	9.8%	CN¥16.56	CN¥13.20	CN¥10.66	3
Aug ’24	CN¥13.51	CN¥14.59 +8.0%	9.8%	CN¥16.56	CN¥13.20	CN¥11.12	3
Jul ’24	CN¥12.80	CN¥14.59 +14.0%	9.8%	CN¥16.56	CN¥13.20	CN¥11.35	3
Jun ’24	CN¥13.93	CN¥14.59 +4.7%	9.8%	CN¥16.56	CN¥13.20	CN¥12.15	3
May ’24	CN¥14.30	CN¥14.25 -0.3%	12.6%	CN¥16.56	CN¥12.20	CN¥12.15	3
Apr ’24	CN¥14.27	CN¥13.87 -2.8%	12.0%	CN¥15.53	CN¥12.20	CN¥12.40	2
Mar ’24	CN¥12.27	CN¥13.87 +13.0%	12.0%	CN¥15.53	CN¥12.20	CN¥11.05	2
Feb ’24	CN¥11.95	CN¥13.87 +16.0%	12.0%	CN¥15.53	CN¥12.20	CN¥10.71	2
Jan ’24	CN¥12.74	CN¥11.05 -13.3%	5.0%	CN¥11.60	CN¥10.50	CN¥10.88	2
Dec ’23	CN¥12.14	CN¥11.05 -9.0%	5.0%	CN¥11.60	CN¥10.50	CN¥11.50	2
Nov ’23	CN¥10.80	CN¥10.70 -0.9%	8.4%	CN¥11.60	CN¥9.80	CN¥11.37	2

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