Ningbo Boway Alloy Material Company Limited

SHSE:601137 Stock Report

Market Cap: CN¥15.0b

Ningbo Boway Alloy Material Valuation

Is 601137 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 601137 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601137 (CN¥19.28) is trading below our estimate of fair value (CN¥19.68)

Significantly Below Fair Value: 601137 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601137?

Key metric: As 601137 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601137. This is calculated by dividing 601137's market cap by their current earnings.
What is 601137's PE Ratio?
PE Ratio10.5x
EarningsCN¥1.43b
Market CapCN¥15.03b

Price to Earnings Ratio vs Peers

How does 601137's PE Ratio compare to its peers?

The above table shows the PE ratio for 601137 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.2x
300855 Jiangsu ToLand AlloyLtd
30.6x25.2%CN¥10.0b
603979 JCHX Mining ManagementLtd
18.5x26.5%CN¥25.7b
000060 Shenzhen Zhongjin Lingnan Nonfemet
23.8x25.3%CN¥18.3b
002155 Hunan Gold
23.7x31.0%CN¥18.3b
601137 Ningbo Boway Alloy Material
10.5x18.4%CN¥15.0b

Price-To-Earnings vs Peers: 601137 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (24.2x).

Price to Earnings Ratio vs Industry

How does 601137's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
600117 Xining Special Steel.Co.Ltd
3.6xn/aUS$1.20b
No more companies available in this PE range
601137 10.5xIndustry Avg. 28.4xNo. of Companies24PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601137 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the CN Metals and Mining industry average (28.4x).

Price to Earnings Ratio vs Fair Ratio

What is 601137'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.

601137 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio21.7x

Price-To-Earnings vs Fair Ratio: 601137 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.7x).

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 601137 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥19.28
CN¥25.65
+33.0%
2.5%CN¥26.30CN¥25.00n/a2
Nov ’25CN¥19.16
CN¥25.65
+33.9%
2.5%CN¥26.30CN¥25.00n/a2
Oct ’25CN¥17.38
CN¥18.15
+4.4%
6.3%CN¥19.30CN¥17.00n/a2
Sep ’25CN¥14.65
CN¥18.15
+23.9%
6.3%CN¥19.30CN¥17.00n/a2
Aug ’25CN¥13.87
CN¥22.29
+60.7%
3.2%CN¥23.00CN¥21.57n/a2
Jul ’25CN¥15.67
CN¥22.29
+42.2%
3.2%CN¥23.00CN¥21.57n/a2
Jun ’25CN¥17.28
CN¥22.07
+27.7%
4.2%CN¥23.00CN¥21.14n/a2
May ’25CN¥18.36
CN¥20.57
+12.0%
2.8%CN¥21.14CN¥20.00n/a2
Apr ’25CN¥18.45
CN¥18.29
-0.9%
9.4%CN¥20.00CN¥16.57n/a2
Mar ’25CN¥14.89
CN¥18.29
+22.8%
9.4%CN¥20.00CN¥16.57n/a2
Feb ’25CN¥13.22
CN¥18.29
+38.3%
9.4%CN¥20.00CN¥16.57n/a2
Jan ’25CN¥15.53
CN¥18.29
+17.7%
9.4%CN¥20.00CN¥16.57n/a2
Dec ’24CN¥15.94
CN¥18.29
+14.7%
9.4%CN¥20.00CN¥16.57n/a2
Oct ’24CN¥15.15
CN¥16.09
+6.2%
9.1%CN¥17.55CN¥14.62CN¥17.382
Sep ’24CN¥15.40
CN¥19.39
+25.9%
24.9%CN¥26.00CN¥14.62CN¥14.653
Aug ’24CN¥15.08
CN¥21.22
+40.7%
22.6%CN¥26.00CN¥16.43CN¥13.872
Jul ’24CN¥15.56
CN¥21.22
+36.3%
22.6%CN¥26.00CN¥16.43CN¥15.672
Jun ’24CN¥13.68
CN¥21.22
+55.1%
22.6%CN¥26.00CN¥16.43CN¥17.282
May ’24CN¥14.80
CN¥21.22
+43.3%
22.6%CN¥26.00CN¥16.43CN¥18.362
Apr ’24CN¥15.64
CN¥26.21
+67.6%
0.8%CN¥26.43CN¥26.00CN¥18.452
Mar ’24CN¥18.59
CN¥24.88
+33.8%
7.6%CN¥26.43CN¥22.20CN¥14.893
Feb ’24CN¥18.31
CN¥24.31
+32.8%
8.7%CN¥26.43CN¥22.20CN¥13.222
Jan ’24CN¥14.81
CN¥24.31
+64.2%
8.7%CN¥26.43CN¥22.20CN¥15.532
Dec ’23CN¥15.60
CN¥24.31
+55.8%
8.7%CN¥26.43CN¥22.20CN¥15.942
Nov ’23CN¥17.02
CN¥24.31
+42.8%
8.7%CN¥26.43CN¥22.20CN¥15.522

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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