Hithink RoyalFlush Information Network Valuation

Q: What is the Fair Price of 300033 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

300033 (CN¥120.91) is trading above our estimate of [[fair value]] (CN¥62.58)

Is 300033 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 300033 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300033 (CN¥120.91) is trading above our estimate of fair value (CN¥62.58)

Significantly Below Fair Value: 300033 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300033?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 300033. This is calculated by dividing 300033's market cap by their current preferred multiple.
What is 300033's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CN¥65.00b

300033 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	16.3x
Enterprise Value/EBITDA	45x
PEG Ratio	2.6x

Price to Earnings Ratio vs Peers

How does 300033's PE Ratio compare to its peers?

The above table shows the PE ratio for 300033 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	44.5x
300059 East Money InformationLtd	25.4x	11.2%	CN¥206.0b
601136 Capital Securities	86.1x	n/a	CN¥64.2b
601901 Founder Securities	31.1x	5.3%	CN¥74.0b
601059 Cinda Securities	35.5x	n/a	CN¥51.0b
300033 Hithink RoyalFlush Information Network	47x	18.4%	CN¥65.0b

Price-To-Earnings vs Peers: 300033 is expensive based on its Price-To-Earnings Ratio (47x) compared to the peer average (44.5x).

Price to Earnings Ratio vs Industry

How does 300033's PE Ratio compare vs other companies in the CN Capital Markets Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	17.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	17.9%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 300033 is expensive based on its Price-To-Earnings Ratio (47x) compared to the CN Capital Markets industry average (30x).

Price to Earnings Ratio vs Fair Ratio

What is 300033'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.

300033 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	47x
Fair PE Ratio	27.1x

Price-To-Earnings vs Fair Ratio: 300033 is expensive based on its Price-To-Earnings Ratio (47x) compared to the estimated Fair Price-To-Earnings Ratio (27.1x).

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 300033 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¥120.91	CN¥156.19 +29.2%	22.5%	CN¥220.00	CN¥83.30	n/a	8
Apr ’25	CN¥135.70	CN¥167.05 +23.1%	22.1%	CN¥220.00	CN¥83.30	n/a	8
Mar ’25	CN¥141.26	CN¥163.05 +15.4%	23.6%	CN¥220.00	CN¥83.30	n/a	8
Feb ’25	CN¥117.50	CN¥176.37 +50.1%	22.9%	CN¥220.00	CN¥85.90	n/a	9
Jan ’25	CN¥156.87	CN¥180.09 +14.8%	26.4%	CN¥250.00	CN¥85.90	n/a	8
Dec ’24	CN¥147.01	CN¥180.09 +22.5%	26.4%	CN¥250.00	CN¥85.90	n/a	8
Nov ’24	CN¥139.19	CN¥192.72 +38.5%	24.4%	CN¥250.00	CN¥85.90	n/a	8
Oct ’24	CN¥149.46	CN¥200.63 +34.2%	25.8%	CN¥250.00	CN¥85.90	n/a	9
Sep ’24	CN¥166.35	CN¥190.07 +14.3%	30.8%	CN¥250.00	CN¥85.90	n/a	10
Aug ’24	CN¥183.64	CN¥187.32 +2.0%	34.0%	CN¥250.00	CN¥58.40	n/a	10
Jul ’24	CN¥175.28	CN¥165.58 -5.5%	38.7%	CN¥250.00	CN¥58.40	n/a	9
Jun ’24	CN¥176.28	CN¥164.47 -6.7%	38.1%	CN¥240.00	CN¥58.40	n/a	9
May ’24	CN¥177.99	CN¥161.14 -9.5%	36.8%	CN¥235.00	CN¥58.40	CN¥120.91	9
Apr ’24	CN¥204.30	CN¥144.80 -29.1%	32.0%	CN¥210.00	CN¥58.40	CN¥135.70	9
Mar ’24	CN¥125.11	CN¥117.77 -5.9%	34.6%	CN¥170.00	CN¥54.00	CN¥141.26	9
Feb ’24	CN¥123.00	CN¥99.94 -18.7%	31.3%	CN¥150.00	CN¥54.00	CN¥117.50	9
Jan ’24	CN¥98.61	CN¥99.94 +1.4%	31.3%	CN¥150.00	CN¥54.00	CN¥156.87	9
Dec ’23	CN¥106.42	CN¥95.50 -10.3%	27.5%	CN¥123.90	CN¥54.00	CN¥147.01	9
Nov ’23	CN¥87.64	CN¥92.31 +5.3%	28.3%	CN¥123.90	CN¥54.00	CN¥139.19	8
Oct ’23	CN¥77.48	CN¥95.68 +23.5%	29.9%	CN¥137.57	CN¥54.00	CN¥149.46	8
Sep ’23	CN¥83.90	CN¥106.34 +26.7%	30.9%	CN¥153.00	CN¥54.00	CN¥166.35	7
Aug ’23	CN¥85.15	CN¥117.28 +37.7%	22.5%	CN¥153.00	CN¥67.00	CN¥183.64	6
Jul ’23	CN¥95.08	CN¥129.10 +35.8%	29.3%	CN¥200.00	CN¥67.00	CN¥175.28	7
Jun ’23	CN¥84.36	CN¥132.35 +56.9%	30.2%	CN¥200.00	CN¥67.00	CN¥176.28	6
May ’23	CN¥82.13	CN¥132.35 +61.1%	30.2%	CN¥200.00	CN¥67.00	CN¥177.99	6

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.