Huafon Microfibre (Shanghai) Valuation

Q: What is the Fair Price of 300180 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

300180 (CN¥7.92) is trading below our estimate of [[fair value]] (CN¥42.03)

Is 300180 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 300180 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300180 (CN¥7.92) is trading below our estimate of fair value (CN¥42.03)

Significantly Below Fair Value: 300180 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300180?

Key metric: As 300180 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 300180. This is calculated by dividing 300180's market cap by their current revenue.
What is 300180's PS Ratio?
PS Ratio	2.9x
Sales	CN¥4.75b
Market Cap	CN¥13.95b

300180 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	3.2x
Enterprise Value/EBITDA	31.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 300180's PS Ratio compare to its peers?

The above table shows the PS ratio for 300180 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	5.5x
600623 Shanghai Huayi Group	0.4x	6.1%	CN¥14.9b
300777 Sinofibers TechnologyLtd	18.5x	21.4%	CN¥12.8b
002226 Anhui Jiangnan Chemical IndustryLtd	1.6x	18.3%	CN¥14.6b
002407 Do-Fluoride New Materials	1.7x	20.8%	CN¥17.0b
300180 Huafon Microfibre (Shanghai)	2.9x	n/a	CN¥13.9b

Price-To-Sales vs Peers: 300180 is good value based on its Price-To-Sales Ratio (2.9x) compared to the peer average (5.5x).

Price to Sales Ratio vs Industry

How does 300180's PS Ratio compare vs other companies in the CN Chemicals Industry?

23 Companies	Price / Sales	Estimated Growth	Market Cap
600346 Hengli PetrochemicalLtd	0.4x	4.3%	US$14.32b
002493 Rongsheng Petrochemical	0.3x	9.3%	US$13.07b
000301 Jiangsu Eastern ShenghongLtd	0.4x	6.8%	US$8.22b
601233 Tongkun Group	0.3x	4.6%	US$3.95b

23 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 300180 is expensive based on its Price-To-Sales Ratio (2.9x) compared to the CN Chemicals industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 300180'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.

300180 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 300180'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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