Fujian Qingshan Paper Industry Valuation

Is 600103 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 600103 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600103 (CN¥2.28) is trading below our estimate of fair value (CN¥6.58)

Significantly Below Fair Value: 600103 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600103?

Key metric: As 600103 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600103. This is calculated by dividing 600103's market cap by their current earnings.
What is 600103's PE Ratio?
PE Ratio	43.6x
Earnings	CN¥117.81m
Market Cap	CN¥5.14b

600103 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	17.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 600103's PE Ratio compare to its peers?

The above table shows the PE ratio for 600103 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	32.6x
002521 Qifeng New Material	27.2x	n/a	CN¥5.1b
600433 Guangdong Guanhao High-Tech	61.5x	14.3%	CN¥5.7b
600308 Shandong Huatai Paper Industry ShareholdingLtd	31.3x	n/a	CN¥5.6b
603165 Zhejiang Rongsheng Environmental Protection Paper	10.5x	n/a	CN¥3.1b
600103 Fujian Qingshan Paper Industry	43.6x	n/a	CN¥5.1b

Price-To-Earnings vs Peers: 600103 is expensive based on its Price-To-Earnings Ratio (43.6x) compared to the peer average (32.6x).

Price to Earnings Ratio vs Industry

How does 600103's PE Ratio compare vs other companies in the CN Forestry Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600103 is expensive based on its Price-To-Earnings Ratio (43.6x) compared to the CN Forestry industry average (30.9x).

Price to Earnings Ratio vs Fair Ratio

What is 600103'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.

600103 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	43.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 600103's Price-To-Earnings 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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