JINHUI LIQUOR Co., Ltd.

SHSE:603919 Stock Report

Market Cap: CN¥10.4b

JINHUI LIQUOR Valuation

Is 603919 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 603919 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603919 (CN¥20.13) is trading below our estimate of fair value (CN¥21.6)

Significantly Below Fair Value: 603919 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603919?

Key metric: As 603919 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603919. This is calculated by dividing 603919's market cap by their current earnings.
What is 603919's PE Ratio?
PE Ratio25.7x
EarningsCN¥389.30m
Market CapCN¥10.45b

Price to Earnings Ratio vs Peers

How does 603919's PE Ratio compare to its peers?

The above table shows the PE ratio for 603919 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.2x
600059 Zhejiang Guyuelongshan Shaoxing WineLtd
20.2x-37.2%CN¥8.3b
600197 Xinjiang Yilite IndustryLtd
23x16.8%CN¥8.5b
000869 Yantai Changyu Pioneer Wine
46.3x25.7%CN¥12.6b
600559 Hebei Hengshui Laobaigan Liquor
23.4x20.9%CN¥19.7b
603919 JINHUI LIQUOR
25.7x18.4%CN¥10.4b

Price-To-Earnings vs Peers: 603919 is good value based on its Price-To-Earnings Ratio (25.7x) compared to the peer average (28.2x).

Price to Earnings Ratio vs Industry

How does 603919'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
603919 25.7xIndustry Avg. 24.2xNo. of Companies6PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603919 is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the CN Beverage industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is 603919'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.

603919 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.7x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: 603919 is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).

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 603919 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥20.13
CN¥22.48
+11.7%
3.0%CN¥23.44CN¥22.00n/a3
Nov ’25CN¥20.43
CN¥23.86
+16.8%
10.3%CN¥28.00CN¥22.00n/a4
Oct ’25CN¥21.98
CN¥23.07
+4.9%
12.5%CN¥28.00CN¥21.00n/a4
Sep ’25CN¥17.36
CN¥23.07
+32.9%
12.5%CN¥28.00CN¥21.00n/a4
Aug ’25CN¥18.15
CN¥24.87
+37.0%
11.2%CN¥28.00CN¥21.00n/a4
Jul ’25CN¥18.46
CN¥24.87
+34.7%
11.2%CN¥28.00CN¥21.00n/a4
Jun ’25CN¥20.54
CN¥26.97
+31.3%
18.1%CN¥35.35CN¥21.00n/a5
May ’25CN¥21.96
CN¥26.97
+22.8%
18.1%CN¥35.35CN¥21.00n/a5
Apr ’25CN¥20.80
CN¥28.37
+36.4%
12.7%CN¥35.35CN¥25.51n/a5
Mar ’25CN¥20.90
CN¥30.28
+44.9%
11.0%CN¥35.35CN¥25.60n/a6
Feb ’25CN¥19.43
CN¥30.28
+55.9%
11.0%CN¥35.35CN¥25.60n/a6
Jan ’25CN¥24.62
CN¥32.28
+31.1%
6.5%CN¥35.35CN¥30.00n/a4
Dec ’24CN¥25.81
CN¥32.28
+25.1%
6.5%CN¥35.35CN¥30.00n/a4
Nov ’24CN¥27.60
CN¥32.28
+16.9%
6.5%CN¥35.35CN¥30.00CN¥20.434
Oct ’24CN¥28.38
CN¥29.83
+5.1%
7.5%CN¥33.00CN¥28.00CN¥21.983
Sep ’24CN¥26.85
CN¥28.25
+5.2%
0.9%CN¥28.50CN¥28.00CN¥17.362
Aug ’24CN¥26.39
CN¥30.60
+16.0%
2.0%CN¥31.20CN¥30.00CN¥18.152
Jul ’24CN¥23.48
CN¥30.60
+30.3%
2.0%CN¥31.20CN¥30.00CN¥18.462
Jun ’24CN¥23.86
CN¥29.10
+22.0%
7.5%CN¥31.20CN¥26.10CN¥20.543
May ’24CN¥25.63
CN¥29.10
+13.5%
7.5%CN¥31.20CN¥26.10CN¥21.963
Apr ’24CN¥27.30
CN¥29.10
+6.6%
7.5%CN¥31.20CN¥26.10CN¥20.803
Mar ’24CN¥28.90
CN¥30.10
+4.2%
9.7%CN¥33.00CN¥26.10CN¥20.903
Feb ’24CN¥25.40
CN¥30.10
+18.5%
9.7%CN¥33.00CN¥26.10CN¥19.433
Jan ’24CN¥26.75
CN¥30.10
+12.5%
9.7%CN¥33.00CN¥26.10CN¥24.623
Dec ’23CN¥23.16
CN¥30.10
+30.0%
9.7%CN¥33.00CN¥26.10CN¥25.813
Nov ’23CN¥21.30
CN¥30.10
+41.3%
9.7%CN¥33.00CN¥26.10CN¥27.603

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

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