Jiangsu Yangnong Chemical Co., Ltd.

SHSE:600486 Stock Report

Market Cap: CN¥19.1b

Jiangsu Yangnong Chemical Valuation

Is 600486 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 600486 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600486 (CN¥46.9) is trading above our estimate of fair value (CN¥18.6)

Significantly Below Fair Value: 600486 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600486?

Other financial metrics that can be useful for relative valuation.

600486 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/Revenue1.5x
Enterprise Value/EBITDA7.5x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does 600486's PE Ratio compare to its peers?

The above table shows the PE ratio for 600486 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
000422 Hubei Yihua Chemical Industry
16.9x20.9%CN¥12.5b
000902 YONFER Agricultural Technology
12.3x17.6%CN¥15.4b
002312 Sichuan Development LomonLtd
29x23.5%CN¥13.8b
600096 Yunnan Yuntianhua
7.2x3.1%CN¥33.9b
600486 Jiangsu Yangnong Chemical
15.8x24.4%CN¥19.1b

Price-To-Earnings vs Peers: 600486 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (16.3x).


Price to Earnings Ratio vs Industry

How does 600486's PE Ratio compare vs other companies in the CN Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a33.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a33.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 600486 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the CN Chemicals industry average (26.6x).


Price to Earnings Ratio vs Fair Ratio

What is 600486'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.

600486 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: 600486 is good value based on its Price-To-Earnings Ratio (15.8x) 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?

The above table shows the analyst 600486 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥46.90
CN¥65.94
+40.6%
14.9%CN¥82.00CN¥52.36n/a6
Sep ’25CN¥50.60
CN¥68.61
+35.6%
14.8%CN¥82.00CN¥52.36n/a6
Aug ’25CN¥54.01
CN¥75.55
+39.9%
9.2%CN¥90.00CN¥68.80n/a6
Jul ’25CN¥57.75
CN¥78.42
+35.8%
10.6%CN¥92.31CN¥70.00n/a7
Jun ’25CN¥60.04
CN¥79.32
+32.1%
10.9%CN¥92.31CN¥70.00n/a6
May ’25CN¥64.43
CN¥77.62
+20.5%
13.1%CN¥92.31CN¥64.79n/a6
Apr ’25CN¥54.31
CN¥86.79
+59.8%
16.0%CN¥108.33CN¥70.00n/a5
Mar ’25CN¥54.80
CN¥88.67
+61.8%
7.2%CN¥99.00CN¥80.93n/a5
Feb ’25CN¥49.29
CN¥88.67
+79.9%
7.2%CN¥99.00CN¥80.93n/a5
Jan ’25CN¥63.12
CN¥88.67
+40.5%
7.2%CN¥99.00CN¥80.93n/a5
Dec ’24CN¥64.33
CN¥88.67
+37.8%
7.2%CN¥99.00CN¥80.93n/a5
Nov ’24CN¥66.08
CN¥88.67
+34.2%
7.2%CN¥99.00CN¥80.93n/a5
Oct ’24CN¥69.00
CN¥92.81
+34.5%
9.1%CN¥108.00CN¥80.93n/a6
Sep ’24CN¥64.97
CN¥91.29
+40.5%
11.9%CN¥108.00CN¥71.82CN¥50.606
Aug ’24CN¥70.65
CN¥92.38
+30.8%
11.6%CN¥108.00CN¥71.82CN¥54.016
Jul ’24CN¥67.25
CN¥92.46
+37.5%
11.7%CN¥108.46CN¥71.82CN¥57.756
Jun ’24CN¥64.29
CN¥95.66
+48.8%
13.5%CN¥111.54CN¥71.82CN¥60.046
May ’24CN¥70.84
CN¥95.66
+35.0%
13.5%CN¥111.54CN¥71.82CN¥64.436
Apr ’24CN¥74.72
CN¥102.72
+37.5%
10.1%CN¥112.85CN¥82.98CN¥54.316
Mar ’24CN¥82.18
CN¥106.90
+30.1%
10.9%CN¥120.00CN¥82.98CN¥54.806
Feb ’24CN¥84.28
CN¥106.90
+26.8%
10.9%CN¥120.00CN¥82.98CN¥49.296
Jan ’24CN¥79.92
CN¥108.47
+35.7%
10.9%CN¥120.00CN¥82.98CN¥63.126
Dec ’23CN¥80.94
CN¥108.47
+34.0%
10.9%CN¥120.00CN¥82.98CN¥64.336
Nov ’23CN¥73.22
CN¥110.10
+50.4%
7.5%CN¥120.00CN¥92.77CN¥66.086
Oct ’23CN¥76.93
CN¥122.50
+59.2%
21.2%CN¥174.52CN¥92.77CN¥69.006
Sep ’23CN¥88.62
CN¥124.69
+40.7%
22.5%CN¥174.52CN¥92.77CN¥64.975

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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