Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

SHSE:603369 Stock Report

Market Cap: CN¥56.3b

Jiangsu King's Luck Brewery Ltd Valuation

Is 603369 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 603369 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603369 (CN¥45.16) is trading below our estimate of fair value (CN¥90.23)

Significantly Below Fair Value: 603369 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603369?

Key metric: As 603369 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603369. This is calculated by dividing 603369's market cap by their current earnings.
What is 603369's PE Ratio?
PE Ratio15.7x
EarningsCN¥3.59b
Market CapCN¥56.31b

Price to Earnings Ratio vs Peers

How does 603369's PE Ratio compare to its peers?

The above table shows the PE ratio for 603369 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.8x
603198 Anhui Yingjia Distillery
18.9x13.9%CN¥49.5b
000596 Anhui Gujing Distillery
18.5x12.5%CN¥91.1b
600702 Shede Spirits
22.2x10.9%CN¥25.5b
002568 Shanghai Bairun Investment Holding Group
35.5x16.2%CN¥25.5b
603369 Jiangsu King's Luck Brewery Ltd
15.7x12.2%CN¥56.3b

Price-To-Earnings vs Peers: 603369 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (23.8x).

Price to Earnings Ratio vs Industry

How does 603369's PE Ratio compare vs other companies in the CN Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
603369 15.7xIndustry Avg. 23.5xNo. of Companies6PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603369 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the CN Beverage industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is 603369'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.

603369 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ratio24.3x

Price-To-Earnings vs Fair Ratio: 603369 is good value based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).

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 603369 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥45.16
CN¥53.65
+18.8%
18.6%CN¥72.01CN¥38.80n/a6
Nov ’25CN¥44.48
CN¥55.50
+24.8%
19.2%CN¥75.40CN¥40.50n/a6
Oct ’25CN¥51.54
CN¥54.08
+4.9%
20.9%CN¥75.40CN¥40.50n/a6
Sep ’25CN¥39.16
CN¥57.25
+46.2%
17.2%CN¥75.40CN¥42.40n/a6
Aug ’25CN¥43.11
CN¥63.27
+46.8%
17.6%CN¥77.00CN¥45.40n/a5
Jul ’25CN¥46.37
CN¥68.49
+47.7%
16.6%CN¥77.00CN¥46.30n/a5
Jun ’25CN¥53.04
CN¥68.49
+29.1%
16.6%CN¥77.00CN¥46.30n/a5
May ’25CN¥57.42
CN¥68.51
+19.3%
16.5%CN¥77.00CN¥46.40n/a5
Apr ’25CN¥59.63
CN¥67.09
+12.5%
15.4%CN¥77.00CN¥45.00n/a6
Mar ’25CN¥53.88
CN¥65.79
+22.1%
15.3%CN¥77.00CN¥45.00n/a7
Feb ’25CN¥45.39
CN¥65.79
+44.9%
15.3%CN¥77.00CN¥45.00n/a7
Jan ’25CN¥48.75
CN¥66.93
+37.3%
11.7%CN¥77.00CN¥53.00n/a7
Dec ’24CN¥52.71
CN¥68.13
+29.3%
12.4%CN¥77.00CN¥53.00n/a7
Nov ’24CN¥59.54
CN¥67.84
+13.9%
13.2%CN¥77.00CN¥51.00CN¥44.487
Oct ’24CN¥58.67
CN¥67.84
+15.6%
13.2%CN¥77.00CN¥51.00CN¥51.547
Sep ’24CN¥62.08
CN¥67.27
+8.4%
15.0%CN¥77.00CN¥47.00CN¥39.167
Aug ’24CN¥60.40
CN¥66.99
+10.9%
15.5%CN¥77.00CN¥47.00CN¥43.117
Jul ’24CN¥52.80
CN¥67.70
+28.2%
13.4%CN¥77.00CN¥52.00CN¥46.377
Jun ’24CN¥55.36
CN¥66.83
+20.7%
13.2%CN¥77.00CN¥52.00CN¥53.048
May ’24CN¥59.80
CN¥61.64
+3.1%
19.5%CN¥75.90CN¥39.50CN¥57.428
Apr ’24CN¥64.85
CN¥60.90
-6.1%
20.6%CN¥80.96CN¥39.50CN¥59.638
Mar ’24CN¥63.82
CN¥58.09
-9.0%
24.9%CN¥80.96CN¥39.40CN¥53.887
Feb ’24CN¥58.19
CN¥51.11
-12.2%
15.5%CN¥60.75CN¥39.40CN¥45.397
Jan ’24CN¥50.90
CN¥51.11
+0.4%
15.5%CN¥60.75CN¥39.40CN¥48.757
Dec ’23CN¥43.74
CN¥52.05
+19.0%
14.1%CN¥60.75CN¥39.50CN¥52.718
Nov ’23CN¥39.35
CN¥52.24
+32.7%
16.1%CN¥64.00CN¥39.50CN¥59.547

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

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