Guangdong Enpack Packaging Valuation

Q: What is the Fair Price of 002846 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002846 (CN¥9.32) is trading above our estimate of [[fair value]] (CN¥0.3)

Is 002846 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 002846 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002846 (CN¥9.32) is trading above our estimate of fair value (CN¥0.3)

Significantly Below Fair Value: 002846 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002846?

Key metric: As 002846 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002846. This is calculated by dividing 002846's market cap by their current revenue.
What is 002846's PS Ratio?
PS Ratio	2x
Sales	CN¥1.92b
Market Cap	CN¥3.90b

002846 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	2.6x
Enterprise Value/EBITDA	36.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002846's PS Ratio compare to its peers?

The above table shows the PS ratio for 002846 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	2.3x
002787 Suzhou Hycan Holdings	1.4x	n/a	CN¥3.4b
301188 Shandong Linuo Technical GlassLtd	3.4x	24.9%	CN¥3.7b
002969 Jiamei Food Packaging (Chuzhou)Ltd	1x	n/a	CN¥3.1b
000659 Zhuhai Zhongfu EnterpriseLtd	3.5x	n/a	CN¥3.6b
002846 Guangdong Enpack Packaging	2x	n/a	CN¥3.9b

Price-To-Sales vs Peers: 002846 is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (2.3x).

Price to Sales Ratio vs Industry

How does 002846's PS Ratio compare vs other companies in the CN Packaging Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
002228 Xiamen Hexing Packaging Printing	0.3x	6.6%	US$474.84m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 002846 is good value based on its Price-To-Sales Ratio (2x) compared to the CN Packaging industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is 002846'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.

002846 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002846'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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