Jiangyin Zhongnan Heavy IndustriesLtd Valuation

Is 002445 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 002445 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002445 (CN¥2.28) is trading below our estimate of fair value (CN¥3.87)

Significantly Below Fair Value: 002445 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002445?

Key metric: As 002445 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002445. This is calculated by dividing 002445's market cap by their current revenue.
What is 002445's PS Ratio?
PS Ratio	6.6x
Sales	CN¥826.15m
Market Cap	CN¥5.45b

002445 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	5.5x
Enterprise Value/EBITDA	38.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002445's PS Ratio compare to its peers?

The above table shows the PS ratio for 002445 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	2.7x
601121 Xinjiang Baodi Mining	4.1x	n/a	CN¥5.3b
002392 Beijing Lier High-temperature MaterialsLtd	0.8x	10.9%	CN¥5.5b
002478 Jiangsu Changbao SteeltubeLtd	0.8x	9.7%	CN¥4.7b
000409 Yunding TechnologyLtd	4.9x	n/a	CN¥6.2b
002445 Jiangyin Zhongnan Heavy IndustriesLtd	6.6x	n/a	CN¥5.5b

Price-To-Sales vs Peers: 002445 is expensive based on its Price-To-Sales Ratio (6.6x) compared to the peer average (2.7x).

Price to Sales Ratio vs Industry

How does 002445's PS Ratio compare vs other companies in the CN Metals and Mining Industry?

27 Companies	Price / Sales	Estimated Growth	Market Cap
000630 Tongling Nonferrous Metals GroupLtd	0.3x	12.9%	US$5.81b
000932 Hunan Valin Steel	0.2x	3.1%	US$4.20b
000878 Yunnan CopperLtd	0.2x	7.7%	US$3.48b
000959 Beijing Shougang	0.2x	-0.2%	US$3.37b

27 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 002445 is expensive based on its Price-To-Sales Ratio (6.6x) compared to the CN Metals and Mining industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 002445'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.

002445 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	6.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002445'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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