Henan Dayou Energy Valuation

Is 600403 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600403 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 600403's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 600403's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600403?

Key metric: As 600403 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600403. This is calculated by dividing 600403's market cap by their current revenue.
What is 600403's PS Ratio?
PS Ratio	1.5x
Sales	CN¥5.12b
Market Cap	CN¥7.82b

600403 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	1.8x
Enterprise Value/EBITDA	33.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600403's PS Ratio compare to its peers?

The above table shows the PS ratio for 600403 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.3x
603071 ZJMI Environmental Energy	0.2x	2.3%	CN¥7.1b
600508 Shanghai Datun Energy Resources	1x	5.6%	CN¥9.7b
600395 Guizhou Panjiang Refined CoalLtd	1.4x	14.6%	CN¥11.7b
000968 Shanxi Blue Flame Holding	2.8x	14.4%	CN¥6.6b
600403 Henan Dayou Energy	1.5x	n/a	CN¥7.8b

Price-To-Sales vs Peers: 600403 is expensive based on its Price-To-Sales Ratio (1.5x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does 600403's PS Ratio compare vs other companies in the CN Oil and Gas Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
603071 ZJMI Environmental Energy	0.2x	2.3%	US$977.45m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 600403 is expensive based on its Price-To-Sales Ratio (1.5x) compared to the CN Oil and Gas industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 600403's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600403 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600403's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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