Asia Cuanon Technology (Shanghai) Co.,Ltd.

SHSE:603378 Stock Report

Market Cap: CN¥2.9b

Asia Cuanon Technology (Shanghai)Ltd Valuation

Is 603378 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 603378 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603378 (CN¥7.12) is trading above our estimate of fair value (CN¥0.55)

Significantly Below Fair Value: 603378 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603378?

Key metric: As 603378 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603378. This is calculated by dividing 603378's market cap by their current revenue.
What is 603378's PS Ratio?
PS Ratio1.2x
SalesCN¥2.45b
Market CapCN¥2.94b

Price to Sales Ratio vs Peers

How does 603378's PS Ratio compare to its peers?

The above table shows the PS ratio for 603378 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.1x
002476 Shandong Polymer Biochemicals
6.1xn/aCN¥2.7b
300437 Henan Qingshuiyuan TechnologyLtd
2.8xn/aCN¥2.6b
603980 Zhejiang Jihua Group
1.9xn/aCN¥2.9b
603285 Shandong Jianbang New Material
5.5xn/aCN¥3.7b
603378 Asia Cuanon Technology (Shanghai)Ltd
1.2x16.5%CN¥2.9b

Price-To-Sales vs Peers: 603378 is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (4.1x).

Price to Sales Ratio vs Industry

How does 603378's PS Ratio compare vs other companies in the CN Chemicals Industry?

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
600346 Hengli PetrochemicalLtd
0.4x4.3%US$14.59b
002493 Rongsheng Petrochemical
0.3x9.3%US$13.33b
000301 Jiangsu Eastern ShenghongLtd
0.4x6.8%US$8.21b
601233 Tongkun Group
0.3x4.6%US$3.97b
603378 1.2xIndustry Avg. 2.3xNo. of Companies70PS0246810+
26 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 603378 is good value based on its Price-To-Sales Ratio (1.2x) compared to the CN Chemicals industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 603378'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.

603378 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: 603378 is good value based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).

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 603378 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥7.12
CN¥7.98
+12.0%
10.8%CN¥9.43CN¥7.20n/a4
Nov ’25CN¥7.67
CN¥7.49
-2.3%
2.8%CN¥7.67CN¥7.20n/a3
Oct ’25CN¥7.40
CN¥7.49
+1.2%
2.8%CN¥7.67CN¥7.20n/a3
Sep ’25CN¥6.59
CN¥7.64
+15.9%
0.5%CN¥7.67CN¥7.60n/a2
Aug ’25CN¥6.39
CN¥7.50
+17.3%
1.4%CN¥7.60CN¥7.39n/a2
Jul ’25CN¥5.27
CN¥9.20
+74.5%
26.2%CN¥12.60CN¥7.39n/a3
Jun ’25CN¥5.54
CN¥9.20
+66.0%
26.2%CN¥12.60CN¥7.39n/a3
May ’25CN¥5.82
CN¥10.16
+74.6%
21.1%CN¥12.60CN¥7.39n/a3
Apr ’25CN¥6.58
CN¥11.30
+71.7%
10.2%CN¥12.60CN¥9.84n/a4
Mar ’25CN¥6.47
CN¥11.30
+74.6%
10.2%CN¥12.60CN¥9.84n/a4
Feb ’25CN¥6.66
CN¥11.30
+69.6%
10.2%CN¥12.60CN¥9.84n/a4
Jan ’25CN¥8.46
CN¥11.30
+33.5%
10.2%CN¥12.60CN¥9.84n/a4
Dec ’24CN¥9.44
CN¥11.30
+19.7%
10.2%CN¥12.60CN¥9.84n/a4
Nov ’24CN¥8.80
CN¥11.30
+28.4%
10.2%CN¥12.60CN¥9.84CN¥7.674
Oct ’24CN¥9.16
CN¥11.79
+28.7%
6.4%CN¥12.60CN¥10.78CN¥7.403
Sep ’24CN¥10.67
CN¥11.79
+10.5%
6.4%CN¥12.60CN¥10.78CN¥6.593
Aug ’24CN¥11.11
CN¥12.13
+9.2%
8.0%CN¥13.00CN¥10.78CN¥6.393
Jul ’24CN¥9.11
CN¥12.13
+33.1%
8.0%CN¥13.00CN¥10.78CN¥5.273
Jun ’24CN¥9.21
CN¥15.06
+63.5%
30.4%CN¥21.40CN¥10.78CN¥5.543
May ’24CN¥9.87
CN¥15.06
+52.6%
30.4%CN¥21.40CN¥10.78CN¥5.823
Apr ’24CN¥10.55
CN¥13.68
+29.7%
40.2%CN¥21.40CN¥9.00CN¥6.583
Mar ’24CN¥13.29
CN¥13.32
+0.2%
36.1%CN¥21.40CN¥9.00CN¥6.474
Feb ’24CN¥12.89
CN¥13.32
+3.3%
36.1%CN¥21.40CN¥9.00CN¥6.664
Jan ’24CN¥11.53
CN¥13.03
+13.0%
33.3%CN¥21.40CN¥9.00CN¥8.465
Dec ’23CN¥11.25
CN¥13.03
+15.8%
33.3%CN¥21.40CN¥9.00CN¥9.445
Nov ’23CN¥8.20
CN¥13.03
+58.9%
33.3%CN¥21.40CN¥9.00CN¥8.805

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Western MiningLtd

CN¥41.6b

Engages in the mining, smelting, and trading of metals in Mainland China and internationally.

601168

CN¥17.47

7D

-2.3%

1Y

36.2%

Wanhua Chemical Group

CN¥242.2b

Provides polyurethane, petrochemical, and performance chemicals and materials worldwide.

600309

CN¥77.13

7D

-4.2%

1Y

-6.8%

Henan Shenhuo Coal Industry and Electricity Power

CN¥37.9b

Henan Shenhuo Coal Industry and Electricity Power Co.

933

CN¥16.84

7D

-10.3%

1Y

6.9%