HaiXin FoodsLtd Valuation

Q: What is the Fair Price of 002702 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002702 (CN¥4.51) is trading above our estimate of [[fair value]] (CN¥0.57)

Is 002702 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-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 002702 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002702 (CN¥4.51) is trading above our estimate of fair value (CN¥0.57)

Significantly Below Fair Value: 002702 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002702?

Key metric: As 002702 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002702. This is calculated by dividing 002702's market cap by their current revenue.
What is 002702's PS Ratio?
PS Ratio	1.4x
Sales	CN¥1.72b
Market Cap	CN¥2.39b

002702 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	1.5x
Enterprise Value/EBITDA	95.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002702's PS Ratio compare to its peers?

The above table shows the PS ratio for 002702 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	3x
300967 Ningxia Xiaoming Agriculture & Animal HusbandryLtd	2.9x	n/a	CN¥2.4b
600097 Shanghai Kaichuang Marine International	0.9x	n/a	CN¥2.3b
603536 Shandong Huifa FoodstuffLtd	1.3x	n/a	CN¥2.5b
603755 Qingdao Richen FoodLtd	6.9x	17.4%	CN¥2.7b
002702 HaiXin FoodsLtd	1.4x	n/a	CN¥2.4b

Price-To-Sales vs Peers: 002702 is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does 002702's PS Ratio compare vs other companies in the CN Food Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
603609 Wellhope Foods	0.2x	9.6%	US$1.07b
301116 Jiangsu Yike Food GroupLtd	0.3x	20.1%	US$791.77m
603363 Fujian Aonong Biological Technology Group Incorporation	0.3x	n/a	US$448.03m
002505 Pengdu Agriculture & Animal HusbandryLtd	0.1x	n/a	US$323.60m

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 002702 is good value based on its Price-To-Sales Ratio (1.4x) compared to the CN Food industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 002702'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.

002702 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002702'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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