MEGA P&C Advanced Materials (Shanghai) Company Limited

SHSE:603062 Stock Report

Market Cap: CN¥3.9b

MEGA P&C Advanced Materials (Shanghai) Valuation

Is 603062 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 603062 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603062 (CN¥37.25) is trading above our estimate of fair value (CN¥23.85)

Significantly Below Fair Value: 603062 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603062?

Key metric: As 603062 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603062. This is calculated by dividing 603062's market cap by their current earnings.
What is 603062's PE Ratio?
PE Ratio26.1x
EarningsCN¥151.67m
Market CapCN¥3.86b

Price to Earnings Ratio vs Peers

How does 603062's PE Ratio compare to its peers?

The above table shows the PE ratio for 603062 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average56.2x
603916 Sobute New Materials
36.6x30.8%CN¥3.5b
603155 Xinyaqiang Silicon ChemistryLtd
44.4xn/aCN¥4.3b
603065 Suqian UnitechLtd
122.5xn/aCN¥3.5b
603285 Shandong Jianbang New Material
21.3xn/aCN¥3.6b
603062 MEGA P&C Advanced Materials (Shanghai)
26.1x28.6%CN¥3.9b

Price-To-Earnings vs Peers: 603062 is good value based on its Price-To-Earnings Ratio (26.1x) compared to the peer average (56.2x).

Price to Earnings Ratio vs Industry

How does 603062'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
603062 26.1xIndustry Avg. 35.6xNo. of Companies38PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603062 is good value based on its Price-To-Earnings Ratio (26.1x) compared to the CN Chemicals industry average (35.6x).

Price to Earnings Ratio vs Fair Ratio

What is 603062'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.

603062 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.1x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: 603062 is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).

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 603062 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥37.25
CN¥52.60
+41.2%
7.2%CN¥56.40CN¥48.80n/a2
Nov ’25CN¥40.98
CN¥52.60
+28.4%
7.2%CN¥56.40CN¥48.80n/a2
Oct ’25CN¥36.68
CN¥44.92
+22.5%
25.6%CN¥56.40CN¥33.44n/a2
Sep ’25CN¥29.81
CN¥50.09
+68.0%
23.3%CN¥64.63CN¥33.44n/a4
Aug ’25CN¥30.68
CN¥52.08
+69.8%
17.4%CN¥64.63CN¥41.40n/a4
Jul ’25CN¥33.36
CN¥52.08
+56.1%
17.4%CN¥64.63CN¥41.40n/a4
Jun ’25CN¥40.81
CN¥54.14
+32.7%
17.8%CN¥64.63CN¥41.40n/a3
May ’25CN¥36.91
CN¥54.14
+46.7%
17.8%CN¥64.63CN¥41.40n/a3
Apr ’25CN¥43.67
CN¥79.21
+81.4%
13.3%CN¥89.00CN¥64.63n/a3
Mar ’25CN¥47.76
CN¥79.21
+65.9%
13.3%CN¥89.00CN¥64.63n/a3
Feb ’25CN¥43.43
CN¥86.50
+99.2%
2.9%CN¥89.00CN¥84.00n/a2
Jan ’25CN¥62.44
CN¥86.50
+38.5%
2.9%CN¥89.00CN¥84.00n/a2

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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