China National Medicines Valuation
Is 600511 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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 600511 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 600511 (CN¥29.57) is trading below our estimate of fair value (CN¥36.77)
Significantly Below Fair Value: 600511 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 600511?
Other financial metrics that can be useful for relative valuation.
| What is 600511's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | CN¥22.31b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.3x |
| Enterprise Value/EBITDA | 6.6x |
| PEG Ratio | 0.9x |
Price to Earnings Ratio vs Peers
How does 600511's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 14.3x | ||
600998 Jointown Pharmaceutical Group | 11.7x | 23.0% | CN¥24.1b |
600056 China Meheco Group | 18.1x | n/a | CN¥15.0b |
000028 China National Accord Medicines | 9.3x | 7.3% | CN¥13.1b |
301015 Qingdao Baheal Medical | 18.3x | 22.9% | CN¥11.9b |
600511 China National Medicines | 10.3x | 11.4% | CN¥22.3b |
Price-To-Earnings vs Peers: 600511 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (14.3x).
Price to Earnings Ratio vs Industry
How does 600511's PE Ratio compare vs other companies in the CN Healthcare Industry?
Price-To-Earnings vs Industry: 600511 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the CN Healthcare industry average (24.3x).
Price to Earnings Ratio vs Fair Ratio
What is 600511'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.3x |
| Fair PE Ratio | 20x |
Price-To-Earnings vs Fair Ratio: 600511 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (20x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CN¥29.57 | CN¥43.06 +45.6% | 7.5% | CN¥47.60 | CN¥40.58 | n/a | 3 |
| Sep ’25 | CN¥29.44 | CN¥43.06 +46.3% | 7.5% | CN¥47.60 | CN¥40.58 | n/a | 3 |
| Aug ’25 | CN¥33.40 | CN¥44.30 +32.6% | 7.4% | CN¥47.60 | CN¥41.00 | n/a | 2 |
| Jul ’25 | CN¥31.55 | CN¥44.30 +40.4% | 7.4% | CN¥47.60 | CN¥41.00 | n/a | 2 |
| Jun ’25 | CN¥34.00 | CN¥44.30 +30.3% | 7.4% | CN¥47.60 | CN¥41.00 | n/a | 2 |
| May ’25 | CN¥34.75 | CN¥44.30 +27.5% | 7.4% | CN¥47.60 | CN¥41.00 | n/a | 2 |
| Jan ’25 | CN¥28.62 | CN¥45.85 +60.2% | 19.3% | CN¥54.70 | CN¥37.00 | n/a | 2 |
| Dec ’24 | CN¥30.56 | CN¥45.85 +50.0% | 19.3% | CN¥54.70 | CN¥37.00 | n/a | 2 |
| Nov ’24 | CN¥28.88 | CN¥46.57 +61.2% | 15.7% | CN¥54.70 | CN¥37.00 | n/a | 3 |
| Oct ’24 | CN¥33.15 | CN¥48.23 +45.5% | 10.8% | CN¥54.70 | CN¥42.00 | n/a | 3 |
| Sep ’24 | CN¥32.62 | CN¥48.23 +47.9% | 10.8% | CN¥54.70 | CN¥42.00 | CN¥29.44 | 3 |
| Aug ’24 | CN¥32.30 | CN¥49.76 +54.1% | 7.1% | CN¥54.70 | CN¥46.58 | CN¥33.40 | 3 |
| Jul ’24 | CN¥38.85 | CN¥49.76 +28.1% | 7.1% | CN¥54.70 | CN¥46.58 | CN¥31.55 | 3 |
| Jun ’24 | CN¥37.53 | CN¥49.76 +32.6% | 7.1% | CN¥54.70 | CN¥46.58 | CN¥34.00 | 3 |
| May ’24 | CN¥41.31 | CN¥47.29 +14.5% | 1.5% | CN¥48.00 | CN¥46.58 | CN¥34.75 | 2 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.