Letong Chemical Co.,LTD

SZSE:002319 Stock Report

Market Cap: CN¥2.3b

Letong ChemicalLTD Valuation

Is 002319 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 002319 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002319 (CN¥11.49) is trading above our estimate of fair value (CN¥0.62)

Significantly Below Fair Value: 002319 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002319?

Key metric: As 002319 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002319. This is calculated by dividing 002319's market cap by their current revenue.
What is 002319's PS Ratio?
PS Ratio5.6x
SalesCN¥407.26m
Market CapCN¥2.30b

Price to Sales Ratio vs Peers

How does 002319's PS Ratio compare to its peers?

The above table shows the PS ratio for 002319 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
301518 Changhua Chemical Technology
0.9xn/aCN¥2.7b
688357 Luoyang Jianlong Micro-nano New Material
3.5x24.1%CN¥2.6b
002136 Anhui Annada Titanium Industry
1.3xn/aCN¥2.4b
688199 Tianjin Jiuri New Materials
1.9x12.2%CN¥2.8b
002319 Letong ChemicalLTD
5.6xn/aCN¥2.3b

Price-To-Sales vs Peers: 002319 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does 002319's PS Ratio compare vs other companies in the CN Chemicals Industry?

24 CompaniesPrice / SalesEstimated GrowthMarket Cap
600346 Hengli PetrochemicalLtd
0.4x4.3%US$13.96b
002493 Rongsheng Petrochemical
0.3x8.5%US$12.61b
000301 Jiangsu Eastern ShenghongLtd
0.4x6.8%US$8.71b
601233 Tongkun Group
0.3x4.6%US$3.81b
002319 5.6xIndustry Avg. 2.5xNo. of Companies73PS0246810+
24 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 002319 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the CN Chemicals industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 002319'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.

002319 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002319'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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