ShanDongDenghai SeedsLtd Valuation

Q: What is the Fair Price of 002041 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002041 (CN¥9.95) is trading above our estimate of [[fair value]] (CN¥9.34)

Is 002041 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 002041 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002041 (CN¥9.95) is trading above our estimate of fair value (CN¥9.34)

Significantly Below Fair Value: 002041 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002041?

Key metric: As 002041 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002041. This is calculated by dividing 002041's market cap by their current earnings.
What is 002041's PE Ratio?
PE Ratio	40x
Earnings	CN¥219.00m
Market Cap	CN¥8.67b

002041 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	4x
Enterprise Value/EBITDA	35.3x
PEG Ratio	1.4x

Price to Earnings Ratio vs Peers

How does 002041's PE Ratio compare to its peers?

The above table shows the PE ratio for 002041 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	43.9x
300087 Winall Hi-tech Seed	56.9x	37.4%	CN¥10.2b
002166 Guilin Layn Natural Ingredients	41x	35.9%	CN¥5.9b
600251 Xinjiang GuannongLtd	13.9x	n/a	CN¥5.8b
600108 Gansu Yasheng Industrial (Group)	63.7x	n/a	CN¥6.0b
002041 ShanDongDenghai SeedsLtd	40x	28.3%	CN¥8.8b

Price-To-Earnings vs Peers: 002041 is good value based on its Price-To-Earnings Ratio (40x) compared to the peer average (43.9x).

Price to Earnings Ratio vs Industry

How does 002041's PE Ratio compare vs other companies in the CN Food Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
002157 Jiangxi Zhengbang TechnologyLtd	2.5x	n/a	US$4.04b
600872 Jonjee Hi-Tech Industrial and Commercial HoldingLtd	4.8x	-46.9%	US$2.36b
002086 Shandong Oriental Ocean Sci-Tech	3.3x	n/a	US$801.00m

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 002041 is expensive based on its Price-To-Earnings Ratio (40x) compared to the CN Food industry average (28.5x).

Price to Earnings Ratio vs Fair Ratio

What is 002041'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.

002041 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	40x
Fair PE Ratio	28.1x

Price-To-Earnings vs Fair Ratio: 002041 is expensive based on its Price-To-Earnings Ratio (40x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).

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 002041 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¥9.95	CN¥10.21 +2.6%	9.6%	CN¥11.34	CN¥9.00	n/a	4
Nov ’25	CN¥10.45	CN¥10.21 -2.3%	9.6%	CN¥11.34	CN¥9.00	n/a	4
Oct ’25	CN¥9.66	CN¥9.51 -1.6%	3.7%	CN¥10.00	CN¥9.00	n/a	4
Sep ’25	CN¥8.13	CN¥9.51 +16.9%	3.7%	CN¥10.00	CN¥9.00	n/a	4
Aug ’25	CN¥8.38	CN¥11.97 +42.8%	10.4%	CN¥14.00	CN¥10.88	n/a	4
Jul ’25	CN¥8.44	CN¥11.97 +41.8%	10.4%	CN¥14.00	CN¥10.88	n/a	4
Jun ’25	CN¥9.32	CN¥13.18 +41.4%	20.2%	CN¥18.00	CN¥10.88	n/a	5
May ’25	CN¥9.74	CN¥13.18 +35.3%	20.2%	CN¥18.00	CN¥10.88	n/a	5
Apr ’25	CN¥10.11	CN¥17.10 +69.1%	18.2%	CN¥22.00	CN¥13.50	n/a	5
Mar ’25	CN¥11.21	CN¥18.10 +61.5%	15.1%	CN¥22.00	CN¥13.50	n/a	5
Feb ’25	CN¥10.14	CN¥18.10 +78.5%	15.1%	CN¥22.00	CN¥13.50	n/a	5
Jan ’25	CN¥13.23	CN¥18.82 +42.3%	9.0%	CN¥22.00	CN¥17.10	n/a	5
Dec ’24	CN¥16.01	CN¥18.82 +17.6%	9.0%	CN¥22.00	CN¥17.10	n/a	5
Nov ’24	CN¥15.09	CN¥18.82 +24.7%	9.0%	CN¥22.00	CN¥17.10	CN¥10.45	5
Oct ’24	CN¥14.23	CN¥18.78 +31.9%	10.1%	CN¥22.00	CN¥17.10	CN¥9.66	4
Sep ’24	CN¥15.16	CN¥19.50 +28.6%	8.5%	CN¥22.00	CN¥18.00	CN¥8.13	4
Aug ’24	CN¥16.51	CN¥20.05 +21.4%	7.1%	CN¥22.00	CN¥18.00	CN¥8.38	4
Jul ’24	CN¥15.27	CN¥20.05 +31.3%	7.1%	CN¥22.00	CN¥18.00	CN¥8.44	4
Jun ’24	CN¥15.69	CN¥20.05 +27.8%	7.1%	CN¥22.00	CN¥18.00	CN¥9.32	4
May ’24	CN¥16.86	CN¥20.00 +18.6%	8.2%	CN¥22.00	CN¥18.00	CN¥9.74	3

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

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