Chongqing Zaisheng Technology (SHSE:603601) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 603601 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603601 (CN¥3.47) is trading above our estimate of [[fair value]] (CN¥0.09)

Share Price vs Fair Value

What is the Fair Price of 603601 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603601 (CN¥3.47) is trading above our estimate of fair value (CN¥0.09)

Significantly Below Fair Value: 603601 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603601?

Key metric: As 603601 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603601. This is calculated by dividing 603601's market cap by their current revenue.
What is 603601's PS Ratio?
PS Ratio	2.4x
Sales	CN¥1.49b
Market Cap	CN¥3.55b

603601 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	2.3x
Enterprise Value/EBITDA	17.7x
PEG Ratio	5.4x

Price to Sales Ratio vs Peers

How does 603601's PS Ratio compare to its peers?

The above table shows the PS ratio for 603601 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	9.7x
300530 Hunan Lead Power Technology Group	24.2x	n/a	CN¥3.5b
300798 JiangSu Jinji IndustrialLtd	3.6x	n/a	CN¥3.4b
603110 New East New Materials	8.8x	n/a	CN¥3.5b
688269 Kaili Catalyst & New MaterialsLtd	2.2x	18.7%	CN¥3.5b
603601 Chongqing Zaisheng Technology	2.4x	18.4%	CN¥3.5b

Price-To-Sales vs Peers: 603601 is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (3.2x).

Price to Sales Ratio vs Industry

How does 603601's PS Ratio compare vs other companies in the CN Chemicals Industry?

16 Companies	Price / Sales	Estimated Growth	Market Cap
002493 Rongsheng Petrochemical	0.3x	9.3%	US$12.47b
000301 Jiangsu Eastern ShenghongLtd	0.4x	6.8%	US$8.00b
601233 Tongkun Group	0.3x	4.6%	US$3.80b
000703 Hengyi Petrochemical	0.2x	5.1%	US$2.87b

16 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 603601 is expensive based on its Price-To-Sales Ratio (2.4x) compared to the CN Chemicals industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 603601'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.

603601 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.4x
Fair PS Ratio	1.4x

Price-To-Sales vs Fair Ratio: 603601 is expensive based on its Price-To-Sales Ratio (2.4x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

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 603601 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥3.47	CN¥3.59 +3.5%	8.3%	CN¥4.00	CN¥3.30	n/a	3
Nov ’25	CN¥3.24	CN¥3.59 +10.8%	8.3%	CN¥4.00	CN¥3.30	n/a	3
Oct ’25	CN¥3.26	CN¥3.59 +10.1%	8.3%	CN¥4.00	CN¥3.30	n/a	3
Sep ’25	CN¥2.71	CN¥3.59 +32.5%	8.3%	CN¥4.00	CN¥3.30	n/a	3
Aug ’25	CN¥2.74	CN¥3.74 +36.3%	7.1%	CN¥4.00	CN¥3.47	n/a	2
Jul ’25	CN¥2.79	CN¥3.74 +33.9%	7.1%	CN¥4.00	CN¥3.47	n/a	2
Jun ’25	CN¥3.15	CN¥3.74 +18.6%	7.1%	CN¥4.00	CN¥3.47	n/a	2
May ’25	CN¥3.21	CN¥3.74 +16.4%	7.1%	CN¥4.00	CN¥3.47	n/a	2
Mar ’25	CN¥3.09	CN¥6.66 +115.4%	25.5%	CN¥9.50	CN¥5.00	n/a	4
Feb ’25	CN¥3.19	CN¥6.66 +108.6%	25.5%	CN¥9.50	CN¥5.00	n/a	4
Jan ’25	CN¥4.30	CN¥6.66 +54.8%	25.5%	CN¥9.50	CN¥5.00	n/a	4
Dec ’24	CN¥4.54	CN¥6.66 +46.6%	25.5%	CN¥9.50	CN¥5.00	n/a	4
Nov ’24	CN¥4.44	CN¥6.66 +49.9%	25.5%	CN¥9.50	CN¥5.00	CN¥3.24	4
Oct ’24	CN¥4.51	CN¥6.66 +47.6%	25.5%	CN¥9.50	CN¥5.00	CN¥3.26	4
Sep ’24	CN¥4.58	CN¥6.66 +45.3%	25.5%	CN¥9.50	CN¥5.00	CN¥2.71	4
Aug ’24	CN¥4.58	CN¥6.73 +47.0%	24.9%	CN¥9.50	CN¥5.00	CN¥2.74	4
Jul ’24	CN¥4.27	CN¥6.73 +57.7%	24.9%	CN¥9.50	CN¥5.00	CN¥2.79	4
Jun ’24	CN¥4.21	CN¥6.73 +59.9%	24.9%	CN¥9.50	CN¥5.00	CN¥3.15	4
May ’24	CN¥4.47	CN¥7.31 +63.5%	21.2%	CN¥9.50	CN¥6.13	CN¥3.21	3
Apr ’24	CN¥5.25	CN¥8.19 +56.0%	11.3%	CN¥9.50	CN¥7.50	CN¥3.53	3
Mar ’24	CN¥5.72	CN¥8.19 +43.2%	11.3%	CN¥9.50	CN¥7.50	CN¥3.09	3
Feb ’24	CN¥5.88	CN¥8.19 +39.3%	11.3%	CN¥9.50	CN¥7.50	CN¥3.19	3
Jan ’24	CN¥5.28	CN¥8.19 +55.1%	11.3%	CN¥9.50	CN¥7.50	CN¥4.30	3
Dec ’23	CN¥5.53	CN¥8.19 +48.1%	11.3%	CN¥9.50	CN¥7.50	CN¥4.54	3
Nov ’23	CN¥5.27	CN¥8.36 +58.6%	13.9%	CN¥10.00	CN¥7.50	CN¥4.44	3

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

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Chongqing Zaisheng Technology Valuation