We’ve recently updated our valuation analysis.

Changjiang Securities Valuation

Is 783 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 783?

Other financial metrics that can be useful for relative valuation.

783 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 783's PE Ratio compare to its peers?

The above table shows the PE ratio for 783 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.6x
601990 Nanjing Securities
49.8xn/aCN¥31.4b
601696 BOC International (China)
41.2xn/aCN¥32.4b
601108 Caitong SecuritiesLtd
17.1x17.5%CN¥35.1b
601198 Dongxing Securities
26.2xn/aCN¥26.7b
000783 Changjiang Securities
26.6x25.9%CN¥31.1b

Price-To-Earnings vs Peers: 000783 is good value based on its Price-To-Earnings Ratio (26.6x) compared to the peer average (33.6x).


Price to Earnings Ratio vs Industry

How does 783's PE Ratio compare vs other companies in the CN Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.7%
n/an/an/a

Price-To-Earnings vs Industry: 000783 is expensive based on its Price-To-Earnings Ratio (26.6x) compared to the CN Capital Markets industry average (25.3x)


Price to Earnings Ratio vs Fair Ratio

What is 783'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.

783 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.6x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: 000783 is expensive based on its Price-To-Earnings Ratio (26.6x) compared to the estimated Fair Price-To-Earnings Ratio (20x).


Share Price vs Fair Value

What is the Fair Price of 783 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000783 (CN¥5.62) is trading above our estimate of fair value (CN¥2.1)

Significantly Below Fair Value: 000783 is trading above our estimate of fair value.


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 783 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥5.62
CN¥6.43
+14.4%
0.5%CN¥6.46CN¥6.40n/a2
Nov ’23CN¥5.32
CN¥6.43
+20.9%
0.5%CN¥6.46CN¥6.40n/a2
Oct ’23CN¥5.21
CN¥6.43
+23.4%
0.5%CN¥6.46CN¥6.40n/a2
Sep ’23CN¥5.68
CN¥6.43
+13.2%
0.5%CN¥6.46CN¥6.40n/a2
Aug ’23CN¥5.43
CN¥6.43
+18.4%
0.5%CN¥6.46CN¥6.40n/a2
Jul ’23CN¥5.86
CN¥6.43
+9.7%
0.5%CN¥6.46CN¥6.40n/a2
Jun ’23CN¥5.64
CN¥7.28
+29.1%
11.3%CN¥8.10CN¥6.46n/a2
May ’23CN¥5.55
CN¥8.50
+53.2%
4.7%CN¥8.90CN¥8.10n/a2
Apr ’23CN¥6.37
CN¥8.50
+33.4%
4.7%CN¥8.90CN¥8.10n/a2
Mar ’23CN¥6.91
CN¥8.50
+23.0%
4.7%CN¥8.90CN¥8.10n/a2
Feb ’23CN¥6.99
CN¥8.50
+21.6%
4.7%CN¥8.90CN¥8.10n/a2
Jan ’23CN¥7.54
CN¥8.45
+12.1%
5.3%CN¥8.90CN¥8.00n/a2
Dec ’22CN¥7.24
CN¥8.45
+16.7%
5.3%CN¥8.90CN¥8.00n/a2
Nov ’22CN¥7.25
CN¥8.45
+16.6%
5.3%CN¥8.90CN¥8.00CN¥5.322
Oct ’22CN¥7.65
CN¥8.30
+8.5%
7.2%CN¥8.90CN¥7.70CN¥5.212
Sep ’22CN¥7.73
CN¥8.30
+7.4%
7.2%CN¥8.90CN¥7.70CN¥5.682
Aug ’22CN¥6.90
CN¥8.30
+20.3%
7.2%CN¥8.90CN¥7.70CN¥5.432
Jul ’22CN¥7.18
CN¥8.30
+15.6%
7.2%CN¥8.90CN¥7.70CN¥5.862
Jun ’22CN¥7.66
CN¥8.30
+8.4%
7.2%CN¥8.90CN¥7.70CN¥5.642
May ’22CN¥7.24
CN¥9.05
+25.0%
1.7%CN¥9.20CN¥8.90CN¥5.552
Apr ’22CN¥7.09
CN¥9.05
+27.6%
1.7%CN¥9.20CN¥8.90CN¥6.372
Mar ’22CN¥7.18
CN¥9.05
+26.0%
1.7%CN¥9.20CN¥8.90CN¥6.912
Feb ’22CN¥7.56
CN¥9.25
+22.4%
0.5%CN¥9.30CN¥9.20CN¥6.992
Jan ’22CN¥8.40
CN¥9.25
+10.1%
0.5%CN¥9.30CN¥9.20CN¥7.542
Dec ’21CN¥8.99
CN¥9.48
+5.4%
2.9%CN¥9.75CN¥9.20CN¥7.242
Nov ’21CN¥7.53
CN¥9.48
+25.8%
2.9%CN¥9.75CN¥9.20CN¥7.252

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


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