Anhui HwasuLtd Valuation

Q: What is the Fair Price of 600935 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600935 (CN¥3.1) is trading above our estimate of [[fair value]] (CN¥0.04)

Is 600935 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600935 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600935 (CN¥3.1) is trading above our estimate of fair value (CN¥0.04)

Significantly Below Fair Value: 600935 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600935?

Key metric: As 600935 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600935. This is calculated by dividing 600935's market cap by their current revenue.
What is 600935's PS Ratio?
PS Ratio	2x
Sales	CN¥5.37b
Market Cap	CN¥10.87b

600935 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	2.1x
Enterprise Value/EBITDA	24.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600935's PS Ratio compare to its peers?

The above table shows the PS ratio for 600935 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.2x
603281 Hubei Jianghan New Materials	4.4x	19.2%	CN¥9.7b
300072 Beijing Haixin Energy TechnologyLtd	2.3x	n/a	CN¥9.4b
600746 Jiangsu SOPO Chemical	1.3x	n/a	CN¥8.5b
600955 Lihuayi Weiyuan Chemical	0.9x	n/a	CN¥8.4b
600935 Anhui HwasuLtd	2x	n/a	CN¥10.9b

Price-To-Sales vs Peers: 600935 is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does 600935's PS Ratio compare vs other companies in the CN Chemicals Industry?

23 Companies	Price / Sales	Estimated Growth	Market Cap
600346 Hengli PetrochemicalLtd	0.4x	4.3%	US$14.32b
002493 Rongsheng Petrochemical	0.3x	9.3%	US$13.07b
000301 Jiangsu Eastern ShenghongLtd	0.4x	6.8%	US$8.22b
601233 Tongkun Group	0.3x	4.6%	US$3.95b

23 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 600935 is good value based on its Price-To-Sales Ratio (2x) compared to the CN Chemicals industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 600935's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600935 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600935's Price-To-Sales 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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