Zhejiang Huayou Cobalt Co.,Ltd

SHSE:603799 Stock Report

Mkt Cap: CN¥104.9b

We’ve recently updated our valuation analysis.

Zhejiang Huayou CobaltLtd Valuation

Is 603799 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603799?

Other financial metrics that can be useful for relative valuation.

603799 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/Revenue2.2x
Enterprise Value/EBITDA15.5x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 603799's PE Ratio compare to its peers?

The above table shows the PE ratio for 603799 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.9x
600111 China Northern Rare Earth (Group) High-TechLtd
16.2x21.0%CN¥106.8b
002460 Ganfeng Lithium Group
9x-3.7%CN¥151.4b
000933 Henan Shenhuo Coal & PowerLtd
6.1x7.5%CN¥41.1b
000831 China Minmetals Rare Earth
116.2x9.8%CN¥42.5b
603799 Zhejiang Huayou CobaltLtd
23.1x43.0%CN¥104.9b

Price-To-Earnings vs Peers: 603799 is good value based on its Price-To-Earnings Ratio (23.1x) compared to the peer average (36.9x).


Price to Earnings Ratio vs Industry

How does 603799's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.9%
n/an/an/a

Price-To-Earnings vs Industry: 603799 is good value based on its Price-To-Earnings Ratio (23.1x) compared to the CN Metals and Mining industry average (32.9x)


Price to Earnings Ratio vs Fair Ratio

What is 603799'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.

603799 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.1x
Fair PE Ratio33.1x

Price-To-Earnings vs Fair Ratio: 603799 is good value based on its Price-To-Earnings Ratio (23.1x) compared to the estimated Fair Price-To-Earnings Ratio (33.1x).


Share Price vs Fair Value

What is the Fair Price of 603799 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603799 (CN¥65.68) is trading above our estimate of fair value (CN¥53.9)

Significantly Below Fair Value: 603799 is trading above our estimate of fair value.


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 603799 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥65.68
CN¥80.67
+22.8%
14.4%CN¥100.00CN¥65.00n/a5
Jan ’24CN¥55.63
CN¥88.73
+59.5%
16.9%CN¥107.00CN¥65.00n/a6
Dec ’23CN¥65.50
CN¥88.73
+35.5%
16.9%CN¥107.00CN¥65.00n/a6
Nov ’23CN¥56.87
CN¥91.96
+61.7%
15.7%CN¥107.00CN¥65.00n/a7
Oct ’23CN¥64.34
CN¥100.48
+56.2%
6.2%CN¥110.00CN¥90.00n/a7
Sep ’23CN¥74.86
CN¥101.19
+35.2%
7.1%CN¥112.00CN¥90.00n/a7
Aug ’23CN¥92.01
CN¥105.86
+15.0%
17.1%CN¥146.15CN¥84.60n/a7
Jul ’23CN¥97.08
CN¥100.67
+3.7%
20.4%CN¥146.15CN¥76.15n/a7
Jun ’23CN¥74.97
CN¥100.67
+34.3%
20.4%CN¥146.15CN¥76.15n/a7
May ’23CN¥63.32
CN¥103.31
+63.2%
18.1%CN¥146.15CN¥80.77n/a7
Apr ’23CN¥75.09
CN¥116.95
+55.7%
18.9%CN¥146.15CN¥80.77n/a7
Mar ’23CN¥90.83
CN¥124.31
+36.9%
13.5%CN¥146.15CN¥98.46n/a7
Feb ’23CN¥75.67
CN¥124.31
+64.3%
13.5%CN¥146.15CN¥98.46CN¥67.897
Jan ’23CN¥84.85
CN¥125.00
+47.3%
17.3%CN¥146.15CN¥79.23CN¥55.636
Dec ’22CN¥101.38
CN¥115.28
+13.7%
23.0%CN¥146.15CN¥70.81CN¥65.507
Nov ’22CN¥80.33
CN¥113.75
+41.6%
22.7%CN¥146.15CN¥70.81CN¥56.877
Oct ’22CN¥79.54
CN¥114.85
+44.4%
22.7%CN¥138.46CN¥70.81CN¥64.347
Sep ’22CN¥97.07
CN¥114.85
+18.3%
22.7%CN¥138.46CN¥70.81CN¥74.867
Aug ’22CN¥100.77
CN¥110.35
+9.5%
24.4%CN¥138.46CN¥70.81CN¥92.017
Jul ’22CN¥84.62
CN¥79.08
-6.5%
10.6%CN¥91.54CN¥69.23CN¥97.085
Jun ’22CN¥79.16
CN¥76.93
-2.8%
8.9%CN¥88.46CN¥69.23CN¥74.975
May ’22CN¥62.90
CN¥76.02
+20.9%
10.3%CN¥88.46CN¥66.23CN¥63.325
Apr ’22CN¥54.42
CN¥66.13
+21.5%
29.3%CN¥88.46CN¥39.88CN¥75.095
Mar ’22CN¥71.42
CN¥58.17
-18.6%
37.1%CN¥88.46CN¥39.88CN¥90.833
Feb ’22CN¥73.04
CN¥58.17
-20.4%
37.1%CN¥88.46CN¥39.88CN¥75.673

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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