Shanghai Bolex Food Technology Valuation

Q: What is the Fair Price of 603170 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603170 (CN¥14.89) is trading below our estimate of [[fair value]] (CN¥26.74)

Is 603170 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 603170 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603170 (CN¥14.89) is trading below our estimate of fair value (CN¥26.74)

Significantly Below Fair Value: 603170 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603170?

Key metric: As 603170 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603170. This is calculated by dividing 603170's market cap by their current earnings.
What is 603170's PE Ratio?
PE Ratio	25.5x
Earnings	CN¥233.53m
Market Cap	CN¥5.96b

603170 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	2.2x
Enterprise Value/EBITDA	17.9x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

How does 603170's PE Ratio compare to its peers?

The above table shows the PE ratio for 603170 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	45.7x
605016 Shandong Bailong Chuangyuan Bio-Tech	22.2x	30.6%	CN¥5.3b
002746 Shandong Xiantan	75x	47.2%	CN¥5.3b
300973 Ligao FoodsLtd	51.1x	36.1%	CN¥6.0b
300997 HUANLEJIA Food GroupLtd	34.4x	20.2%	CN¥5.9b
603170 Shanghai Bolex Food Technology	25.5x	16.3%	CN¥6.0b

Price-To-Earnings vs Peers: 603170 is good value based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (45.1x).

Price to Earnings Ratio vs Industry

How does 603170's PE Ratio compare vs other companies in the CN Food Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
002157 Jiangxi Zhengbang TechnologyLtd	2.7x	n/a	US$4.29b
600872 Jonjee Hi-Tech Industrial and Commercial HoldingLtd	4.7x	-46.9%	US$2.34b
002086 Shandong Oriental Ocean Sci-Tech	4.2x	n/a	US$970.63m

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 603170 is good value based on its Price-To-Earnings Ratio (25.5x) compared to the CN Food industry average (29.2x).

Price to Earnings Ratio vs Fair Ratio

What is 603170'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.

603170 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	25.5x
Fair PE Ratio	21.8x

Price-To-Earnings vs Fair Ratio: 603170 is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.8x).

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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