SKSHU Paint Co.,Ltd.

SHSE:603737 Stock Report

Market Cap: CN¥22.9b

SKSHU PaintLtd Valuation

Is 603737 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-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 603737 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603737 (CN¥43.51) is trading below our estimate of fair value (CN¥55.38)

Significantly Below Fair Value: 603737 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603737?

Key metric: As 603737 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603737. This is calculated by dividing 603737's market cap by their current revenue.
What is 603737's PS Ratio?
PS Ratio1.9x
SalesCN¥12.21b
Market CapCN¥22.93b

Price to Sales Ratio vs Peers

How does 603737's PS Ratio compare to its peers?

The above table shows the PS ratio for 603737 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
600141 Hubei Xingfa Chemicals Group
0.9x7.6%CN¥25.2b
000683 Inner Mongolia Yuan Xing Energy
1.4x12.8%CN¥20.5b
002080 Sinoma Science & TechnologyLtd
0.9x14.2%CN¥21.5b
000703 Hengyi Petrochemical
0.2x5.1%CN¥20.8b
603737 SKSHU PaintLtd
1.9x11.7%CN¥22.9b

Price-To-Sales vs Peers: 603737 is expensive based on its Price-To-Sales Ratio (1.9x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does 603737's PS Ratio compare vs other companies in the CN Chemicals Industry?

16 CompaniesPrice / SalesEstimated GrowthMarket Cap
002493 Rongsheng Petrochemical
0.3x9.3%US$12.47b
000301 Jiangsu Eastern ShenghongLtd
0.4x6.8%US$8.00b
601233 Tongkun Group
0.3x4.6%US$3.80b
000703 Hengyi Petrochemical
0.2x5.1%US$2.87b
603737 1.9xIndustry Avg. 2.4xNo. of Companies57PS01.63.24.86.48+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 603737 is good value based on its Price-To-Sales Ratio (1.9x) compared to the CN Chemicals industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 603737'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.

603737 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ratio2.5x

Price-To-Sales vs Fair Ratio: 603737 is good value based on its Price-To-Sales Ratio (1.9x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).

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 603737 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥43.51
CN¥39.29
-9.7%
35.4%CN¥60.00CN¥21.00n/a8
Nov ’25CN¥45.41
CN¥41.92
-7.7%
53.9%CN¥94.00CN¥21.00n/a8
Oct ’25CN¥39.47
CN¥40.32
+2.1%
54.2%CN¥94.00CN¥21.00n/a8
Sep ’25CN¥29.65
CN¥40.86
+37.8%
52.8%CN¥94.00CN¥21.00n/a8
Aug ’25CN¥31.00
CN¥40.86
+31.8%
52.8%CN¥94.00CN¥21.00n/a8
Jul ’25CN¥39.09
CN¥39.63
+1.4%
53.4%CN¥94.00CN¥24.00n/a8
Jun ’25CN¥43.24
CN¥38.76
-10.4%
55.1%CN¥94.00CN¥24.00n/a8
May ’25CN¥34.07
CN¥43.26
+27.0%
55.1%CN¥94.00CN¥24.00n/a9
Apr ’25CN¥33.01
CN¥59.38
+79.9%
39.8%CN¥94.00CN¥29.00n/a9
Mar ’25CN¥38.27
CN¥68.60
+79.2%
26.6%CN¥94.00CN¥41.70n/a8
Feb ’25CN¥35.35
CN¥68.60
+94.0%
26.6%CN¥94.00CN¥41.70n/a8
Jan ’25CN¥47.61
CN¥71.16
+49.5%
19.1%CN¥94.00CN¥52.00n/a9
Dec ’24CN¥53.30
CN¥71.16
+33.5%
19.1%CN¥94.00CN¥52.00n/a9
Nov ’24CN¥58.67
CN¥71.16
+21.3%
19.1%CN¥94.00CN¥52.00CN¥45.419
Oct ’24CN¥68.53
CN¥82.33
+20.1%
17.3%CN¥100.00CN¥54.00CN¥39.479
Sep ’24CN¥76.85
CN¥82.33
+7.1%
17.3%CN¥100.00CN¥54.00CN¥29.659
Aug ’24CN¥78.36
CN¥80.33
+2.5%
16.3%CN¥100.00CN¥63.50CN¥31.009
Jul ’24CN¥65.42
CN¥80.81
+23.5%
16.4%CN¥107.14CN¥65.15CN¥39.099
Jun ’24CN¥63.64
CN¥81.38
+27.9%
15.4%CN¥107.14CN¥65.71CN¥43.249
May ’24CN¥73.21
CN¥87.01
+18.8%
15.0%CN¥107.14CN¥67.86CN¥34.079
Apr ’24CN¥83.15
CN¥88.25
+6.1%
14.6%CN¥107.14CN¥67.86CN¥33.0110
Mar ’24CN¥90.43
CN¥88.25
-2.4%
14.6%CN¥107.14CN¥67.86CN¥38.2710
Feb ’24CN¥86.99
CN¥87.25
+0.3%
15.9%CN¥107.14CN¥67.86CN¥35.3510
Jan ’24CN¥81.31
CN¥82.46
+1.4%
20.6%CN¥103.57CN¥46.43CN¥47.619
Dec ’23CN¥85.54
CN¥75.66
-11.6%
21.3%CN¥97.07CN¥46.43CN¥53.309
Nov ’23CN¥63.59
CN¥73.84
+16.1%
20.0%CN¥97.07CN¥46.43CN¥58.679

Analyst Forecast: Target price is lower than the current share price.

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