Shanghai Flyco Electrical Appliance Co., Ltd.

SHSE:603868 Stock Report

Market Cap: CN¥17.5b

Shanghai Flyco Electrical Appliance Valuation

Is 603868 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-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 603868 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603868 (CN¥41.18) is trading above our estimate of fair value (CN¥6.19)

Significantly Below Fair Value: 603868 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603868?

Key metric: As 603868 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603868. This is calculated by dividing 603868's market cap by their current earnings.
What is 603868's PE Ratio?
PE Ratio27.3x
EarningsCN¥657.21m
Market CapCN¥17.54b

Price to Earnings Ratio vs Peers

How does 603868's PE Ratio compare to its peers?

The above table shows the PE ratio for 603868 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.7x
300146 Byhealth
28.7x34.8%CN¥20.9b
300957 Yunnan Botanee Bio-Technology GroupLTD
34x32.4%CN¥20.1b
603983 Guangdong Marubi Biotechnology
34.4x24.0%CN¥11.1b
600315 Shanghai Jahwa United
41.6x28.4%CN¥11.2b
603868 Shanghai Flyco Electrical Appliance
27.3x16.0%CN¥17.5b

Price-To-Earnings vs Peers: 603868 is good value based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (34.7x).

Price to Earnings Ratio vs Industry

How does 603868's PE Ratio compare vs other companies in the CN Personal Products Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
603868 27.3xIndustry Avg. 33.7xNo. of Companies3PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603868 is good value based on its Price-To-Earnings Ratio (27.3x) compared to the CN Personal Products industry average (33.7x).

Price to Earnings Ratio vs Fair Ratio

What is 603868'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.

603868 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.3x
Fair PE Ratio25x

Price-To-Earnings vs Fair Ratio: 603868 is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the estimated Fair Price-To-Earnings Ratio (25x).

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 603868 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥41.18
CN¥54.91
+33.3%
18.5%CN¥65.75CN¥41.37n/a3
Nov ’25CN¥37.22
CN¥54.91
+47.5%
18.5%CN¥65.75CN¥41.37n/a3
Oct ’25CN¥43.45
CN¥54.91
+26.4%
18.5%CN¥65.75CN¥41.37n/a3
Sep ’25CN¥34.40
CN¥54.91
+59.6%
18.5%CN¥65.75CN¥41.37n/a3
Aug ’25CN¥37.61
CN¥60.44
+60.7%
6.2%CN¥65.75CN¥57.60n/a3
Jul ’25CN¥39.17
CN¥60.44
+54.3%
6.2%CN¥65.75CN¥57.60n/a3
Jun ’25CN¥45.75
CN¥60.44
+32.1%
6.2%CN¥65.75CN¥57.60n/a3
May ’25CN¥46.38
CN¥60.44
+30.3%
6.2%CN¥65.75CN¥57.60n/a3
Apr ’25CN¥49.09
CN¥61.98
+26.3%
6.7%CN¥65.75CN¥56.20n/a3
Mar ’25CN¥47.30
CN¥75.67
+60.0%
12.5%CN¥87.12CN¥64.00n/a3
Feb ’25CN¥42.98
CN¥75.67
+76.1%
12.5%CN¥87.12CN¥64.00n/a3
Jan ’25CN¥50.50
CN¥79.34
+57.1%
6.9%CN¥87.12CN¥75.00n/a3
Dec ’24CN¥53.79
CN¥79.34
+47.5%
6.9%CN¥87.12CN¥75.00n/a3
Nov ’24CN¥53.87
CN¥79.04
+46.7%
7.2%CN¥87.12CN¥75.00CN¥37.223
Oct ’24CN¥69.42
CN¥88.16
+27.0%
10.8%CN¥97.07CN¥75.00CN¥43.453
Sep ’24CN¥68.59
CN¥94.74
+38.1%
2.5%CN¥97.07CN¥92.40CN¥34.402
Aug ’24CN¥73.89
CN¥89.10
+20.6%
1.0%CN¥89.95CN¥88.25CN¥37.612
Jul ’24CN¥63.09
CN¥89.10
+41.2%
1.0%CN¥89.95CN¥88.25CN¥39.172
Jun ’24CN¥64.83
CN¥89.10
+37.4%
1.0%CN¥89.95CN¥88.25CN¥45.752
May ’24CN¥77.59
CN¥89.74
+15.7%
1.3%CN¥91.02CN¥88.25CN¥46.383
Apr ’24CN¥82.68
CN¥91.84
+11.1%
3.6%CN¥96.25CN¥88.25CN¥49.093
Mar ’24CN¥84.64
CN¥91.84
+8.5%
3.6%CN¥96.25CN¥88.25CN¥47.303
Feb ’24CN¥68.87
CN¥91.84
+33.4%
3.6%CN¥96.25CN¥88.25CN¥42.983
Jan ’24CN¥67.33
CN¥91.84
+36.4%
3.6%CN¥96.25CN¥88.25CN¥50.503
Dec ’23CN¥76.56
CN¥91.84
+20.0%
3.6%CN¥96.25CN¥88.25CN¥53.793
Nov ’23CN¥78.65
CN¥91.84
+16.8%
3.6%CN¥96.25CN¥88.25CN¥53.873

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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