Jinhong GasLtd Valuation

Q: What is the Fair Price of 688106 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688106 (CN¥19.21) is trading below our estimate of [[fair value]] (CN¥79.54)

Is 688106 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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 688106 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688106 (CN¥19.21) is trading below our estimate of fair value (CN¥79.54)

Significantly Below Fair Value: 688106 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688106?

Key metric: As 688106 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688106. This is calculated by dividing 688106's market cap by their current earnings.
What is 688106's PE Ratio?
PE Ratio	34.2x
Earnings	CN¥266.51m
Market Cap	CN¥9.10b

688106 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	4.1x
Enterprise Value/EBITDA	17.9x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does 688106's PE Ratio compare to its peers?

The above table shows the PE ratio for 688106 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	53.3x
688548 Guangzhou Guanggang Gases & EnergyLtd	48.5x	33.2%	CN¥13.3b
301286 Sichuan Qiaoyuan GasLtd	74x	n/a	CN¥13.1b
688268 Guangdong Huate Gas	35.6x	35.7%	CN¥6.2b
002971 Hubei Heyuan GasLtd	55.4x	n/a	CN¥4.5b
688106 Jinhong GasLtd	34.2x	31.6%	CN¥9.1b

Price-To-Earnings vs Peers: 688106 is good value based on its Price-To-Earnings Ratio (34.2x) compared to the peer average (53.3x).

Price to Earnings Ratio vs Industry

How does 688106's PE Ratio compare vs other companies in the CN Chemicals Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 688106 is good value based on its Price-To-Earnings Ratio (34.2x) compared to the CN Chemicals industry average (35.1x).

Price to Earnings Ratio vs Fair Ratio

What is 688106'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.

688106 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	34.2x
Fair PE Ratio	25.4x

Price-To-Earnings vs Fair Ratio: 688106 is expensive based on its Price-To-Earnings Ratio (34.2x) compared to the estimated Fair Price-To-Earnings Ratio (25.4x).

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 688106 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¥19.21	CN¥26.23 +36.5%	7.7%	CN¥29.00	CN¥24.30	n/a	4
Nov ’25	CN¥18.22	CN¥26.23 +44.0%	7.7%	CN¥29.00	CN¥24.30	n/a	4
Oct ’25	CN¥19.58	CN¥26.91 +37.4%	6.2%	CN¥29.00	CN¥24.32	n/a	4
Sep ’25	CN¥16.88	CN¥26.91 +59.4%	6.2%	CN¥29.00	CN¥24.32	n/a	4
Aug ’25	CN¥18.92	CN¥27.26 +44.1%	6.8%	CN¥29.00	CN¥24.32	n/a	4
Jul ’25	CN¥17.76	CN¥27.41 +54.3%	6.8%	CN¥29.00	CN¥24.32	n/a	4
Jun ’25	CN¥18.27	CN¥26.97 +47.6%	7.3%	CN¥29.00	CN¥24.32	n/a	3
May ’25	CN¥18.77	CN¥26.97 +43.7%	7.3%	CN¥29.00	CN¥24.32	n/a	3
Apr ’25	CN¥19.52	CN¥28.97 +48.4%	15.4%	CN¥35.00	CN¥24.32	n/a	3
Mar ’25	CN¥20.50	CN¥32.83 +60.1%	5.6%	CN¥35.00	CN¥30.49	n/a	3
Feb ’25	CN¥17.97	CN¥32.83 +82.7%	5.6%	CN¥35.00	CN¥30.49	n/a	3
Jan ’25	CN¥24.09	CN¥32.83 +36.3%	5.6%	CN¥35.00	CN¥30.49	n/a	3
Dec ’24	CN¥24.64	CN¥32.83 +33.2%	5.6%	CN¥35.00	CN¥30.49	n/a	3
Nov ’24	CN¥24.17	CN¥32.83 +35.8%	5.6%	CN¥35.00	CN¥30.49	CN¥18.22	3
Oct ’24	CN¥25.84	CN¥32.16 +24.5%	3.7%	CN¥33.00	CN¥30.49	CN¥19.58	3
Sep ’24	CN¥26.42	CN¥31.75 +20.2%	4.0%	CN¥33.00	CN¥30.49	CN¥16.88	2
Aug ’24	CN¥25.18	CN¥30.66 +21.8%	6.0%	CN¥33.00	CN¥28.50	CN¥18.92	3
Jul ’24	CN¥27.20	CN¥30.66 +12.7%	6.0%	CN¥33.00	CN¥28.50	CN¥17.76	3
Jun ’24	CN¥25.70	CN¥30.66 +19.3%	6.0%	CN¥33.00	CN¥28.50	CN¥18.27	3
May ’24	CN¥27.68	CN¥31.75 +14.7%	4.0%	CN¥33.00	CN¥30.49	CN¥18.77	2

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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