Zhejiang JIULI Hi-tech Metals Co.,Ltd

SZSE:002318 Stock Report

Market Cap: CN¥22.5b

Zhejiang JIULI Hi-tech MetalsLtd Valuation

Is 002318 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 002318 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002318 (CN¥23.4) is trading below our estimate of fair value (CN¥94.3)

Significantly Below Fair Value: 002318 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002318?

Key metric: As 002318 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002318. This is calculated by dividing 002318's market cap by their current earnings.
What is 002318's PE Ratio?
PE Ratio15.8x
EarningsCN¥1.43b
Market CapCN¥22.50b

Price to Earnings Ratio vs Peers

How does 002318's PE Ratio compare to its peers?

The above table shows the PE ratio for 002318 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.1x
002756 Yongxing Special Materials TechnologyLtd
18.5x6.9%CN¥24.5b
688122 Western Superconducting Technologies
38.7x22.3%CN¥29.9b
600456 Baoji Titanium Industry
27.6x18.8%CN¥14.1b
000629 Pangang Group Vanadium & Titanium Resources
71.8x39.6%CN¥26.7b
002318 Zhejiang JIULI Hi-tech MetalsLtd
15.8x13.7%CN¥22.5b

Price-To-Earnings vs Peers: 002318 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (39.1x).

Price to Earnings Ratio vs Industry

How does 002318'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
3.4xn/aUS$1.15b
No more companies available in this PE range
002318 15.8xIndustry Avg. 27.6xNo. of Companies27PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002318 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the CN Metals and Mining industry average (27.6x).

Price to Earnings Ratio vs Fair Ratio

What is 002318'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.

002318 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: 002318 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).

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 002318 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥23.40
CN¥28.33
+21.1%
5.9%CN¥30.00CN¥26.66n/a2
Nov ’25CN¥22.64
CN¥28.33
+25.1%
5.9%CN¥30.00CN¥26.66n/a2
Oct ’25CN¥22.80
CN¥26.78
+17.5%
12.0%CN¥30.00CN¥23.56n/a2
Sep ’25CN¥19.25
CN¥27.92
+45.0%
7.4%CN¥30.00CN¥25.84n/a2
Aug ’25CN¥21.13
CN¥27.92
+32.1%
7.4%CN¥30.00CN¥25.84n/a2
Jul ’25CN¥23.57
CN¥27.92
+18.5%
7.4%CN¥30.00CN¥25.84n/a2
Jun ’25CN¥24.17
CN¥27.92
+15.5%
7.4%CN¥30.00CN¥25.84n/a2
May ’25CN¥24.97
CN¥27.92
+11.8%
7.4%CN¥30.00CN¥25.84n/a2
Oct ’24CN¥19.30
CN¥22.53
+16.7%
2.1%CN¥23.00CN¥22.05CN¥22.802
Sep ’24CN¥18.08
CN¥22.53
+24.6%
2.1%CN¥23.00CN¥22.05CN¥19.252
Aug ’24CN¥17.66
CN¥22.79
+29.0%
0.9%CN¥23.00CN¥22.58CN¥21.132
Jul ’24CN¥17.03
CN¥22.79
+33.8%
0.9%CN¥23.00CN¥22.58CN¥23.572
Jun ’24CN¥16.00
CN¥22.79
+42.4%
0.9%CN¥23.00CN¥22.58CN¥24.172
May ’24CN¥15.94
CN¥22.79
+43.0%
0.9%CN¥23.00CN¥22.58CN¥24.972
Apr ’24CN¥15.38
CN¥23.40
+52.1%
1.7%CN¥23.80CN¥23.00CN¥22.352
Jan ’24CN¥16.64
CN¥22.41
+34.7%
0.04%CN¥22.42CN¥22.40CN¥19.882
Dec ’23CN¥17.29
CN¥22.41
+29.6%
0.04%CN¥22.42CN¥22.40CN¥19.062
Nov ’23CN¥17.29
CN¥22.41
+29.6%
0.04%CN¥22.42CN¥22.40CN¥20.112

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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