Jinzhou Yongshan Lithium Valuation

Q: What is the Fair Price of 603399 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603399 (CN¥9.92) is trading above our estimate of [[fair value]] (CN¥0.27)

Is 603399 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 603399 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603399 (CN¥9.92) is trading above our estimate of fair value (CN¥0.27)

Significantly Below Fair Value: 603399 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603399?

Key metric: As 603399 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603399. This is calculated by dividing 603399's market cap by their current revenue.
What is 603399's PS Ratio?
PS Ratio	0.8x
Sales	CN¥6.03b
Market Cap	CN¥5.00b

603399 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	0.8x
Enterprise Value/EBITDA	-14.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 603399's PS Ratio compare to its peers?

The above table shows the PS ratio for 603399 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	3.6x
605123 Wuxi Paike New Materials TechnologyLtd	2.1x	19.5%	CN¥6.9b
688231 Jiangsu Longda Superalloy	2.7x	n/a	CN¥3.6b
000962 Ningxia Orient Tantalum Industry	6.6x	24.1%	CN¥8.5b
300963 Shanghai Zhongzhou Special Alloy Materials	2.8x	17.9%	CN¥3.1b
603399 Jinzhou Yongshan Lithium	0.8x	n/a	CN¥5.0b

Price-To-Sales vs Peers: 603399 is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (3.6x).

Price to Sales Ratio vs Industry

How does 603399's PS Ratio compare vs other companies in the CN Metals and Mining Industry?

25 Companies	Price / Sales	Estimated Growth	Market Cap
000630 Tongling Nonferrous Metals GroupLtd	0.3x	12.9%	US$5.77b
000932 Hunan Valin Steel	0.2x	3.1%	US$4.16b
000878 Yunnan CopperLtd	0.2x	8.9%	US$3.46b
000959 Beijing Shougang	0.2x	-0.2%	US$3.40b

25 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 603399 is good value based on its Price-To-Sales Ratio (0.8x) compared to the CN Metals and Mining industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 603399'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.

603399 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 603399'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.

Discover undervalued companies

MeiHua Holdings GroupLtd

CN¥28.7b

A synthetic biology company, provides amino acid nutrition and health solutions in China and internationally.

600873

CN¥10.06

-6.3%

5.3%

Western MiningLtd

CN¥39.7b

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

601168

CN¥16.65

-5.1%

29.9%

Wanhua Chemical Group

CN¥232.1b

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

600309

CN¥74.29

0.5%

-5.8%