Baoshan Iron & Steel Co., Ltd.

SHSE:600019 Stock Report

Market Cap: CN¥140.7b

Baoshan Iron & Steel Valuation

Is 600019 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation 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 600019 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600019 (CN¥6.47) is trading below our estimate of fair value (CN¥21.8)

Significantly Below Fair Value: 600019 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600019?

Other financial metrics that can be useful for relative valuation.

600019 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/Revenue0.5x
Enterprise Value/EBITDA5x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 600019's PE Ratio compare to its peers?

The above table shows the PE ratio for 600019 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.2x
600010 Inner Mongolia Baotou Steel Union
147x66.6%CN¥72.2b
000708 Citic Pacific Special Steel Group
13x12.4%CN¥74.5b
600985 Huaibei Mining HoldingsLtd
5.9x1.2%CN¥40.6b
000932 Hunan Valin Steel
6.6x13.3%CN¥35.5b
600019 Baoshan Iron & Steel
11.7x11.4%CN¥140.7b

Price-To-Earnings vs Peers: 600019 is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (43.2x).


Price to Earnings Ratio vs Industry

How does 600019's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 600019 is good value based on its Price-To-Earnings Ratio (11.7x) compared to the CN Metals and Mining industry average (27.6x).


Price to Earnings Ratio vs Fair Ratio

What is 600019'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.

600019 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.7x
Fair PE Ratio20.3x

Price-To-Earnings vs Fair Ratio: 600019 is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (20.3x).


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 600019 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥6.47
CN¥7.43
+14.9%
9.0%CN¥8.41CN¥6.00n/a12
Mar ’25CN¥6.68
CN¥7.43
+11.3%
9.0%CN¥8.41CN¥6.00n/a12
Feb ’25CN¥6.12
CN¥7.34
+20.0%
8.5%CN¥8.41CN¥6.00n/a11
Jan ’25CN¥5.93
CN¥7.70
+29.9%
16.8%CN¥11.50CN¥6.00n/a12
Dec ’24CN¥6.25
CN¥7.69
+23.0%
16.6%CN¥11.50CN¥6.00n/a12
Nov ’24CN¥6.25
CN¥7.69
+23.0%
16.6%CN¥11.50CN¥6.00n/a12
Oct ’24CN¥6.09
CN¥7.81
+28.3%
15.7%CN¥11.50CN¥6.00n/a13
Sep ’24CN¥6.36
CN¥7.47
+17.5%
19.3%CN¥11.50CN¥5.15n/a14
Aug ’24CN¥6.47
CN¥7.47
+15.4%
20.0%CN¥11.50CN¥5.15n/a13
Jul ’24CN¥5.62
CN¥7.32
+30.2%
21.0%CN¥11.50CN¥5.15n/a13
Jun ’24CN¥5.85
CN¥7.38
+26.1%
20.1%CN¥11.50CN¥5.15n/a14
May ’24CN¥6.44
CN¥7.27
+12.9%
20.2%CN¥11.50CN¥5.15n/a14
Apr ’24CN¥6.24
CN¥7.05
+13.0%
22.9%CN¥11.50CN¥4.50n/a13
Mar ’24CN¥6.62
CN¥7.05
+6.5%
22.9%CN¥11.50CN¥4.50CN¥6.6813
Feb ’24CN¥6.30
CN¥7.04
+11.8%
25.2%CN¥11.50CN¥4.50CN¥6.1213
Jan ’24CN¥5.59
CN¥6.92
+23.7%
26.4%CN¥11.50CN¥4.50CN¥5.9313
Dec ’23CN¥5.61
CN¥6.88
+22.6%
26.5%CN¥11.50CN¥4.50CN¥6.2513
Nov ’23CN¥4.88
CN¥7.03
+44.0%
24.1%CN¥11.50CN¥5.20CN¥6.2513
Oct ’23CN¥5.26
CN¥7.49
+42.4%
17.8%CN¥11.00CN¥6.30CN¥6.0912
Sep ’23CN¥5.33
CN¥7.64
+43.3%
16.9%CN¥11.00CN¥6.30CN¥6.3613
Aug ’23CN¥5.58
CN¥8.15
+46.1%
15.2%CN¥11.00CN¥6.50CN¥6.4711
Jul ’23CN¥6.18
CN¥8.64
+39.8%
14.0%CN¥11.00CN¥6.80CN¥5.6212
Jun ’23CN¥6.44
CN¥8.78
+36.3%
12.3%CN¥11.00CN¥6.80CN¥5.8512
May ’23CN¥6.46
CN¥9.73
+50.6%
17.7%CN¥13.00CN¥7.50CN¥6.4412
Apr ’23CN¥6.87
CN¥10.46
+52.2%
17.0%CN¥13.00CN¥7.50CN¥6.2413
Mar ’23CN¥7.29
CN¥10.85
+48.9%
19.0%CN¥14.60CN¥7.50CN¥6.6213

Analyst Forecast: Target price is less than 20% higher than the current share price.


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