Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd

SHSE:603876 Stock Report

Market Cap: CN¥8.8b

Jiangsu Dingsheng New Materials Ltd Valuation

Is 603876 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 603876 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603876 (CN¥9.97) is trading below our estimate of fair value (CN¥20.88)

Significantly Below Fair Value: 603876 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603876?

Key metric: As 603876 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603876. This is calculated by dividing 603876's market cap by their current earnings.
What is 603876's PE Ratio?
PE Ratio30.4x
EarningsCN¥291.24m
Market CapCN¥8.79b

Price to Earnings Ratio vs Peers

How does 603876's PE Ratio compare to its peers?

The above table shows the PE ratio for 603876 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.4x
000612 JiaoZuo WanFang Aluminum Manufacturing
10.7xn/aCN¥8.2b
603327 Sichuan Furong Technology
60.5x37.3%CN¥10.6b
002540 Jiangsu Asia-Pacific Light Alloy Technology
14x22.0%CN¥7.3b
600888 Xinjiang Joinworld
8.2xn/aCN¥10.5b
603876 Jiangsu Dingsheng New Materials Ltd
30.4x30.9%CN¥8.9b

Price-To-Earnings vs Peers: 603876 is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

How does 603876's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
600117 Xining Special Steel.Co.Ltd
3.6xn/aUS$1.21b
No more companies available in this PE range
603876 30.4xIndustry Avg. 28.4xNo. of Companies24PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603876 is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the CN Metals and Mining industry average (28.4x).

Price to Earnings Ratio vs Fair Ratio

What is 603876'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.

603876 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.4x
Fair PE Ratio25.9x

Price-To-Earnings vs Fair Ratio: 603876 is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).

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 603876 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥9.97
CN¥11.15
+11.8%
1.3%CN¥11.30CN¥11.00n/a2
Nov ’25CN¥9.30
CN¥11.15
+19.9%
1.3%CN¥11.30CN¥11.00n/a2
Oct ’25CN¥10.71
CN¥11.15
+4.1%
1.3%CN¥11.30CN¥11.00n/a2
Sep ’25CN¥8.80
CN¥11.15
+26.7%
1.3%CN¥11.30CN¥11.00n/a2
Aug ’25CN¥9.03
CN¥11.15
+23.5%
1.3%CN¥11.30CN¥11.00n/a2
Jul ’25CN¥9.31
CN¥11.15
+19.8%
1.3%CN¥11.30CN¥11.00n/a2
Jun ’25CN¥10.21
CN¥12.25
+20.0%
10.2%CN¥13.50CN¥11.00n/a2
May ’25CN¥10.42
CN¥12.25
+17.6%
10.2%CN¥13.50CN¥11.00n/a2
Apr ’25CN¥9.99
CN¥12.25
+22.6%
10.2%CN¥13.50CN¥11.00n/a2
Nov ’24CN¥13.62
CN¥29.04
+113.2%
40.8%CN¥40.89CN¥17.20CN¥9.302
Oct ’24CN¥14.56
CN¥29.04
+99.5%
40.8%CN¥40.89CN¥17.20CN¥10.712
Sep ’24CN¥15.49
CN¥29.94
+93.3%
36.5%CN¥40.89CN¥19.00CN¥8.802
Jun ’24CN¥18.29
CN¥39.03
+113.3%
4.8%CN¥40.89CN¥37.17CN¥10.212
May ’24CN¥20.50
CN¥39.03
+90.4%
4.8%CN¥40.89CN¥37.17CN¥10.422

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

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