Xinxing Ductile Iron Pipes Valuation

Is 000778 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 000778 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000778 (CN¥3.89) is trading above our estimate of fair value (CN¥0.95)

Significantly Below Fair Value: 000778 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000778?

Key metric: As 000778 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000778. This is calculated by dividing 000778's market cap by their current earnings.
What is 000778's PE Ratio?
PE Ratio	20.8x
Earnings	CN¥745.06m
Market Cap	CN¥15.39b

000778 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	0.7x
Enterprise Value/EBITDA	12.7x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

How does 000778's PE Ratio compare to its peers?

The above table shows the PE ratio for 000778 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	52.2x
001203 Dazhong Mining	14.4x	16.1%	CN¥14.1b
002075 Jiangsu Shagang	124.4x	n/a	CN¥13.6b
600740 Shanxi Coking	43.2x	31.3%	CN¥10.7b
000709 HBIS	26.8x	37.2%	CN¥22.6b
000778 Xinxing Ductile Iron Pipes	20.8x	19.8%	CN¥15.4b

Price-To-Earnings vs Peers: 000778 is good value based on its Price-To-Earnings Ratio (20.8x) compared to the peer average (52.2x).

Price to Earnings Ratio vs Industry

How does 000778's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
600117 Xining Special Steel.Co.Ltd	3.4x	n/a	US$1.15b

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 000778 is good value based on its Price-To-Earnings Ratio (20.8x) compared to the CN Metals and Mining industry average (26.8x).

Price to Earnings Ratio vs Fair Ratio

What is 000778'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.

000778 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	20.8x
Fair PE Ratio	18.8x

Price-To-Earnings vs Fair Ratio: 000778 is expensive based on its Price-To-Earnings Ratio (20.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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