Wanhua Chemical Group Co., Ltd.

SHSE:600309 Stock Report

Market Cap: CN¥228.9b

Wanhua Chemical Group Valuation

Is 600309 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 600309 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600309 (CN¥74.48) is trading below our estimate of fair value (CN¥131.31)

Significantly Below Fair Value: 600309 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600309?

Key metric: As 600309 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600309. This is calculated by dividing 600309's market cap by their current earnings.
What is 600309's PE Ratio?
PE Ratio15.4x
EarningsCN¥15.21b
Market CapCN¥228.89b

Price to Earnings Ratio vs Peers

How does 600309's PE Ratio compare to its peers?

The above table shows the PE ratio for 600309 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.7x
603260 Hoshine Silicon Industry
36.2x36.5%CN¥67.4b
002001 Zhejiang NHU
14.6x9.3%CN¥66.4b
603659 Shanghai Putailai New Energy TechnologyLtd
28x24.9%CN¥40.6b
600378 Haohua Chemical Science & Technology
48.1x35.9%CN¥33.5b
600309 Wanhua Chemical Group
15.4x18.8%CN¥228.9b

Price-To-Earnings vs Peers: 600309 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (31.7x).

Price to Earnings Ratio vs Industry

How does 600309's PE Ratio compare vs other companies in the CN Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600309 15.4xIndustry Avg. 35.6xNo. of Companies38PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600309 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the CN Chemicals industry average (35.6x).

Price to Earnings Ratio vs Fair Ratio

What is 600309'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.

600309 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ratio26.2x

Price-To-Earnings vs Fair Ratio: 600309 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (26.2x).

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 600309 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥74.48
CN¥96.70
+29.8%
14.8%CN¥110.00CN¥64.00n/a11
Nov ’25CN¥76.51
CN¥100.69
+31.6%
12.2%CN¥110.00CN¥64.00n/a11
Oct ’25CN¥91.32
CN¥100.56
+10.1%
12.7%CN¥116.00CN¥64.00n/a11
Sep ’25CN¥73.00
CN¥100.56
+37.8%
12.7%CN¥116.00CN¥64.00n/a11
Aug ’25CN¥74.25
CN¥102.80
+38.4%
14.2%CN¥125.00CN¥64.00n/a11
Jul ’25CN¥82.30
CN¥107.89
+31.1%
7.6%CN¥125.00CN¥96.00n/a11
Jun ’25CN¥87.55
CN¥109.33
+24.9%
7.4%CN¥125.00CN¥96.00n/a11
May ’25CN¥89.10
CN¥109.33
+22.7%
7.4%CN¥125.00CN¥96.00n/a11
Apr ’25CN¥84.55
CN¥107.65
+27.3%
8.2%CN¥125.00CN¥95.00n/a11
Mar ’25CN¥78.73
CN¥108.02
+37.2%
9.3%CN¥130.00CN¥95.00n/a11
Feb ’25CN¥70.21
CN¥112.38
+60.1%
9.2%CN¥130.00CN¥95.20n/a11
Jan ’25CN¥76.82
CN¥113.47
+47.7%
9.6%CN¥130.00CN¥95.20n/a11
Dec ’24CN¥78.88
CN¥113.52
+43.9%
9.2%CN¥130.00CN¥95.20n/a11
Nov ’24CN¥85.50
CN¥113.52
+32.8%
9.2%CN¥130.00CN¥95.20CN¥76.5111
Oct ’24CN¥88.32
CN¥119.35
+35.1%
12.5%CN¥148.05CN¥95.20CN¥91.3210
Sep ’24CN¥96.58
CN¥119.00
+23.2%
11.5%CN¥148.05CN¥95.20CN¥73.0012
Aug ’24CN¥97.60
CN¥119.84
+22.8%
11.4%CN¥148.05CN¥95.20CN¥74.2512
Jul ’24CN¥87.84
CN¥120.76
+37.5%
10.8%CN¥142.00CN¥95.20CN¥82.3012
Jun ’24CN¥82.20
CN¥120.76
+46.9%
10.8%CN¥142.00CN¥95.20CN¥87.5512
May ’24CN¥92.18
CN¥120.17
+30.4%
10.2%CN¥142.00CN¥95.20CN¥89.1012
Apr ’24CN¥95.88
CN¥119.13
+24.3%
11.2%CN¥142.00CN¥86.50CN¥84.5511
Mar ’24CN¥103.21
CN¥117.23
+13.6%
10.6%CN¥139.00CN¥86.50CN¥78.7311
Feb ’24CN¥96.95
CN¥112.13
+15.7%
12.9%CN¥139.00CN¥86.50CN¥70.2111
Jan ’24CN¥92.65
CN¥114.07
+23.1%
14.4%CN¥139.40CN¥86.50CN¥76.8211
Dec ’23CN¥90.45
CN¥115.45
+27.6%
12.7%CN¥139.40CN¥96.42CN¥78.8810
Nov ’23CN¥81.55
CN¥115.45
+41.6%
12.7%CN¥139.40CN¥96.42CN¥85.5010

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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