Guangzhou Zhujiang Brewery Co., Ltd

SZSE:002461 Stock Report

Market Cap: CN¥20.0b

Guangzhou Zhujiang Brewery Valuation

Is 002461 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 002461 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002461 (CN¥8.72) is trading below our estimate of fair value (CN¥12.82)

Significantly Below Fair Value: 002461 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002461?

Key metric: As 002461 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002461. This is calculated by dividing 002461's market cap by their current earnings.
What is 002461's PE Ratio?
PE Ratio24.5x
EarningsCN¥786.60m
Market CapCN¥19.96b

Price to Earnings Ratio vs Peers

How does 002461's PE Ratio compare to its peers?

The above table shows the PE ratio for 002461 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.3x
000729 Beijing Yanjing BreweryLtd
28.9x20.6%CN¥29.0b
600132 Chongqing Brewery
22.1x7.0%CN¥30.4b
001338 GDH Supertime Group
18.8xn/aCN¥5.3b
600573 FuJian YanJing HuiQuan BreweryLtd
39.3x17.3%CN¥2.6b
002461 Guangzhou Zhujiang Brewery
24.5x12.4%CN¥20.0b

Price-To-Earnings vs Peers: 002461 is good value based on its Price-To-Earnings Ratio (24.5x) compared to the peer average (27.3x).

Price to Earnings Ratio vs Industry

How does 002461'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
002461 24.5xIndustry Avg. 24.2xNo. of Companies6PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002461 is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the CN Beverage industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is 002461'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.

002461 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.5x
Fair PE Ratio22x

Price-To-Earnings vs Fair Ratio: 002461 is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the estimated Fair Price-To-Earnings Ratio (22x).

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 002461 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥8.72
CN¥11.09
+27.2%
0.8%CN¥11.18CN¥11.00n/a2
Nov ’25CN¥8.89
CN¥10.39
+16.9%
9.5%CN¥11.18CN¥9.00n/a3
Oct ’25CN¥9.60
CN¥9.64
+0.4%
5.1%CN¥10.36CN¥9.00n/a4
Sep ’25CN¥8.60
CN¥9.62
+11.9%
5.8%CN¥10.36CN¥9.00n/a3
Aug ’25CN¥8.35
CN¥9.20
+10.2%
4.7%CN¥9.80CN¥8.80n/a3
Jul ’25CN¥7.48
CN¥9.20
+23.0%
4.7%CN¥9.80CN¥8.80n/a3
Jun ’25CN¥8.27
CN¥9.20
+11.2%
4.7%CN¥9.80CN¥8.80n/a3
May ’25CN¥8.43
CN¥9.11
+8.0%
3.3%CN¥9.52CN¥8.80n/a3
Apr ’25CN¥7.98
CN¥9.11
+14.1%
3.3%CN¥9.52CN¥8.80n/a3
Mar ’25CN¥7.66
CN¥9.95
+29.9%
2.7%CN¥10.26CN¥9.60n/a3
Feb ’25CN¥7.22
CN¥9.95
+37.9%
2.7%CN¥10.26CN¥9.60n/a3
Jan ’25CN¥7.90
CN¥9.95
+26.0%
2.7%CN¥10.26CN¥9.60n/a3
Dec ’24CN¥8.22
CN¥9.95
+21.1%
2.7%CN¥10.26CN¥9.60n/a3
Nov ’24CN¥8.52
CN¥9.95
+16.8%
2.7%CN¥10.26CN¥9.60CN¥8.893
Oct ’24CN¥8.70
CN¥10.32
+18.7%
1.9%CN¥10.60CN¥10.13CN¥9.603
Sep ’24CN¥8.86
CN¥10.32
+16.5%
1.9%CN¥10.60CN¥10.13CN¥8.603
Aug ’24CN¥9.12
CN¥10.65
+16.8%
4.2%CN¥11.22CN¥10.13CN¥8.353
Jul ’24CN¥8.81
CN¥10.65
+20.9%
4.2%CN¥11.22CN¥10.13CN¥7.483
Jun ’24CN¥8.76
CN¥10.65
+21.6%
4.2%CN¥11.22CN¥10.13CN¥8.273
May ’24CN¥9.37
CN¥10.65
+13.7%
4.2%CN¥11.22CN¥10.13CN¥8.433
Apr ’24CN¥9.47
CN¥10.54
+11.3%
3.0%CN¥10.89CN¥10.13CN¥7.983
Mar ’24CN¥8.92
CN¥9.04
+1.4%
8.7%CN¥10.13CN¥8.30CN¥7.663
Feb ’24CN¥7.95
CN¥8.48
+6.7%
2.0%CN¥8.70CN¥8.30CN¥7.223
Jan ’24CN¥8.01
CN¥8.48
+5.9%
2.0%CN¥8.70CN¥8.30CN¥7.903
Dec ’23CN¥7.61
CN¥8.48
+11.4%
2.0%CN¥8.70CN¥8.30CN¥8.223
Nov ’23CN¥6.72
CN¥8.48
+26.2%
2.0%CN¥8.70CN¥8.30CN¥8.523

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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