Shanxi Taigang Stainless Steel Valuation

Q: What is the Fair Price of 000825 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

000825 (CN¥3.72) is trading above our estimate of [[fair value]] (CN¥0.02)

Is 000825 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-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 000825 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000825 (CN¥3.72) is trading above our estimate of fair value (CN¥0.02)

Significantly Below Fair Value: 000825 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000825?

Key metric: As 000825 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 000825. This is calculated by dividing 000825's market cap by their current revenue.
What is 000825's PS Ratio?
PS Ratio	0.2x
Sales	CN¥100.52b
Market Cap	CN¥21.40b

000825 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	0.2x
Enterprise Value/EBITDA	29.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 000825's PS Ratio compare to its peers?

The above table shows the PS ratio for 000825 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.5x
000723 Shanxi Meijin EnergyLtd	1x	11.8%	CN¥20.7b
002756 Yongxing Special Materials TechnologyLtd	2.8x	9.6%	CN¥22.4b
000629 Pangang Group Vanadium & Titanium Resources	2x	7.5%	CN¥27.1b
000709 HBIS	0.2x	6.3%	CN¥23.9b
000825 Shanxi Taigang Stainless Steel	0.2x	n/a	CN¥21.4b

Price-To-Sales vs Peers: 000825 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does 000825's PS Ratio compare vs other companies in the CN Metals and Mining Industry?

24 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.4x	9.9%
000825 Shanxi Taigang Stainless Steel	0.2x	n/a	US$2.96b
000932 Hunan Valin Steel	0.2x	3.2%	US$4.40b
000878 Yunnan CopperLtd	0.2x	4.9%	US$3.58b

24 Companies		Estimated Growth	Market Cap
Industry Avg.	1.4x	29.7%
000825 Shanxi Taigang Stainless Steel	0.2x	n/a	US$2.96b

No more companies

Price-To-Sales vs Industry: 000825 is good value based on its Price-To-Sales Ratio (0.2x) compared to the CN Metals and Mining industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 000825'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.

000825 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 000825's Price-To-Sales Fair Ratio for valuation analysis.

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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