Chengxin Lithium Group Co., Ltd.

SZSE:002240 Stock Report

Market Cap: CN¥12.9b

Chengxin Lithium Group Valuation

Is 002240 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 002240 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002240 (CN¥14.3) is trading above our estimate of fair value (CN¥1.06)

Significantly Below Fair Value: 002240 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002240?

Key metric: As 002240 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002240. This is calculated by dividing 002240's market cap by their current revenue.
What is 002240's PS Ratio?
PS Ratio2.7x
SalesCN¥4.82b
Market CapCN¥12.88b

Price to Sales Ratio vs Peers

How does 002240's PS Ratio compare to its peers?

The above table shows the PS ratio for 002240 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.7x
300641 Jiangsu Zhengdan Chemical Industry
4.1xn/aCN¥12.4b
300576 Shenzhen RongDa Photosensitive Science & Technology
15.5xn/aCN¥14.1b
603826 Fujian Kuncai Material Technology
13.1x38.0%CN¥12.7b
688116 Jiangsu Cnano Technology
10.1x37.8%CN¥14.0b
002240 Chengxin Lithium Group
2.7x32.3%CN¥12.9b

Price-To-Sales vs Peers: 002240 is good value based on its Price-To-Sales Ratio (2.7x) compared to the peer average (10.7x).

Price to Sales Ratio vs Industry

How does 002240's PS Ratio compare vs other companies in the CN Chemicals Industry?

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
002493 Rongsheng Petrochemical
0.3x9.1%US$12.07b
000301 Jiangsu Eastern ShenghongLtd
0.4x7.5%US$7.58b
601233 Tongkun Group
0.3x4.7%US$3.93b
000703 Hengyi Petrochemical
0.2x9.1%US$2.91b
002240 2.7xIndustry Avg. 2.3xNo. of Companies69PS01.63.24.86.48+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 002240 is expensive based on its Price-To-Sales Ratio (2.7x) compared to the CN Chemicals industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 002240'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.

002240 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.7x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: 002240 is expensive based on its Price-To-Sales Ratio (2.7x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).

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 002240 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥14.30
CN¥15.46
+8.1%
12.5%CN¥18.00CN¥12.60n/a4
Dec ’25CN¥15.80
CN¥14.24
-9.9%
27.4%CN¥18.00CN¥7.70n/a4
Nov ’25CN¥14.64
CN¥12.98
-11.3%
28.9%CN¥16.00CN¥7.70n/a3
Oct ’25CN¥15.29
CN¥13.84
-9.5%
31.8%CN¥17.82CN¥7.70n/a3
Sep ’25CN¥11.98
CN¥15.54
+29.7%
13.4%CN¥17.82CN¥12.80n/a3
Aug ’25CN¥12.65
CN¥15.54
+22.8%
13.4%CN¥17.82CN¥12.80n/a3
Jul ’25CN¥13.82
CN¥15.54
+12.4%
13.4%CN¥17.82CN¥12.80n/a3
Jun ’25CN¥16.19
CN¥17.45
+7.8%
8.3%CN¥18.90CN¥16.00n/a2
May ’25CN¥17.95
CN¥17.45
-2.8%
8.3%CN¥18.90CN¥16.00n/a2
Apr ’25CN¥20.30
CN¥17.45
-14.0%
8.3%CN¥18.90CN¥16.00n/a2
Mar ’25CN¥22.02
CN¥14.95
-32.1%
26.4%CN¥18.90CN¥11.00n/a2
Feb ’25CN¥19.96
CN¥14.95
-25.1%
26.4%CN¥18.90CN¥11.00n/a2
Jan ’25CN¥22.75
CN¥14.95
-34.3%
26.4%CN¥18.90CN¥11.00n/a2
Dec ’24CN¥22.12
CN¥27.01
+22.1%
58.9%CN¥48.72CN¥11.00CN¥15.803
Nov ’24CN¥23.36
CN¥27.01
+15.6%
58.9%CN¥48.72CN¥11.00CN¥14.643
Oct ’24CN¥22.36
CN¥35.01
+56.6%
39.2%CN¥48.72CN¥21.30CN¥15.292
Sep ’24CN¥23.35
CN¥43.26
+85.3%
12.6%CN¥48.72CN¥37.80CN¥11.982
Aug ’24CN¥27.42
CN¥44.17
+61.1%
10.5%CN¥48.72CN¥37.80CN¥12.653
Jul ’24CN¥31.87
CN¥44.17
+38.6%
10.5%CN¥48.72CN¥37.80CN¥13.823
Jun ’24CN¥30.49
CN¥45.14
+48.0%
7.4%CN¥48.72CN¥40.70CN¥16.193
May ’24CN¥31.76
CN¥43.35
+36.5%
6.1%CN¥46.00CN¥40.70CN¥17.952
Apr ’24CN¥34.53
CN¥47.10
+36.4%
2.3%CN¥48.20CN¥46.00CN¥20.302
Mar ’24CN¥38.28
CN¥47.10
+23.0%
2.3%CN¥48.20CN¥46.00CN¥22.022
Feb ’24CN¥42.66
CN¥47.10
+10.4%
2.3%CN¥48.20CN¥46.00CN¥19.962
Jan ’24CN¥37.49
CN¥55.10
+47.0%
12.5%CN¥62.00CN¥48.20CN¥22.752
Dec ’23CN¥42.60
CN¥57.60
+35.2%
7.6%CN¥62.00CN¥53.20CN¥22.122

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 20:46
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Chengxin Lithium Group Co., Ltd. is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Edward LeungBofA Global Research
Zhizhong JingChina Merchants Securities Co. Ltd.
Junfei BaiCitic Securities Co., Ltd.