PhiChem Corporation

SZSE:300398 Stock Report

Market Cap: CN¥9.4b

PhiChem Valuation

Is 300398 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-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 300398 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300398 (CN¥18.03) is trading below our estimate of fair value (CN¥81.78)

Significantly Below Fair Value: 300398 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300398?

Key metric: As 300398 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 300398. This is calculated by dividing 300398's market cap by their current earnings.
What is 300398's PE Ratio?
PE Ratio87.5x
EarningsCN¥108.00m
Market CapCN¥9.40b

Price to Earnings Ratio vs Peers

How does 300398's PE Ratio compare to its peers?

The above table shows the PE ratio for 300398 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average75.9x
301565 Sinolong New Materials
56xn/aCN¥8.8b
605008 Ningbo Changhong Polymer Scientific and Technical
86x56.3%CN¥8.1b
300409 Guangdong Dowstone Technology
69x60.5%CN¥9.8b
301618 Dongguan Changlian New Materials TechnologyLtd
92.5xn/aCN¥7.4b
300398 PhiChem
87.5x38.1%CN¥9.4b

Price-To-Earnings vs Peers: 300398 is expensive based on its Price-To-Earnings Ratio (87.5x) compared to the peer average (75.9x).

Price to Earnings Ratio vs Industry

How does 300398's PE Ratio compare vs other companies in the CN Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
300398 87.5xIndustry Avg. 35.6xNo. of Companies42PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 300398 is expensive based on its Price-To-Earnings Ratio (87.5x) compared to the CN Chemicals industry average (35.6x).

Price to Earnings Ratio vs Fair Ratio

What is 300398'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.

300398 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio87.5x
Fair PE Ratio34.2x

Price-To-Earnings vs Fair Ratio: 300398 is expensive based on its Price-To-Earnings Ratio (87.5x) compared to the estimated Fair Price-To-Earnings Ratio (34.2x).

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 300398 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥18.03
CN¥18.05
+0.1%
10.8%CN¥20.00CN¥16.10n/a2
Nov ’25CN¥14.82
CN¥18.05
+21.8%
10.8%CN¥20.00CN¥16.10n/a2
Oct ’25CN¥14.37
CN¥15.70
+9.3%
27.4%CN¥20.00CN¥11.40n/a2
Sep ’25CN¥11.34
CN¥15.70
+38.4%
27.4%CN¥20.00CN¥11.40n/a2
Aug ’25CN¥12.45
CN¥16.21
+30.2%
23.4%CN¥20.00CN¥12.42n/a2
Jul ’25CN¥12.91
CN¥16.21
+25.6%
23.4%CN¥20.00CN¥12.42n/a2
Jun ’25CN¥12.08
CN¥16.21
+34.2%
23.4%CN¥20.00CN¥12.42n/a2
May ’25CN¥11.92
CN¥17.65
+48.1%
21.0%CN¥20.54CN¥12.42n/a3
Apr ’25CN¥12.32
CN¥18.85
+53.0%
10.7%CN¥20.54CN¥16.02n/a3
Mar ’25CN¥13.61
CN¥18.85
+38.5%
10.7%CN¥20.54CN¥16.02n/a3
Feb ’25CN¥11.26
CN¥18.85
+67.4%
10.7%CN¥20.54CN¥16.02n/a3
Jan ’25CN¥15.76
CN¥18.85
+19.6%
10.7%CN¥20.54CN¥16.02n/a3
Dec ’24CN¥17.58
CN¥18.85
+7.2%
10.7%CN¥20.54CN¥16.02n/a3
Nov ’24CN¥18.04
CN¥20.49
+13.6%
16.2%CN¥25.38CN¥16.02CN¥14.824
Oct ’24CN¥16.01
CN¥20.94
+30.8%
13.1%CN¥25.38CN¥17.85CN¥14.374
Sep ’24CN¥15.72
CN¥20.94
+33.2%
13.1%CN¥25.38CN¥17.85CN¥11.344
Aug ’24CN¥17.54
CN¥23.87
+36.1%
12.5%CN¥28.00CN¥20.54CN¥12.454
Jul ’24CN¥17.19
CN¥23.87
+38.9%
12.5%CN¥28.00CN¥20.54CN¥12.914
Jun ’24CN¥17.65
CN¥24.81
+40.6%
9.3%CN¥28.00CN¥21.56CN¥12.084
May ’24CN¥18.24
CN¥24.81
+36.0%
9.3%CN¥28.00CN¥21.56CN¥11.924
Apr ’24CN¥21.09
CN¥23.92
+13.4%
1.7%CN¥24.31CN¥23.52CN¥12.322
Mar ’24CN¥19.54
CN¥21.91
+12.1%
11.0%CN¥24.31CN¥19.50CN¥13.612
Feb ’24CN¥18.59
CN¥21.91
+17.8%
11.0%CN¥24.31CN¥19.50CN¥11.262
Jan ’24CN¥17.17
CN¥21.91
+27.6%
11.0%CN¥24.31CN¥19.50CN¥15.762
Dec ’23CN¥17.61
CN¥21.91
+24.4%
11.0%CN¥24.31CN¥19.50CN¥17.582

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Western MiningLtd

CN¥41.6b

Engages in the mining, smelting, and trading of metals in Mainland China and internationally.

601168

CN¥17.47

7D

-2.3%

1Y

36.2%

Wanhua Chemical Group

CN¥242.2b

Provides polyurethane, petrochemical, and performance chemicals and materials worldwide.

600309

CN¥77.13

7D

-4.2%

1Y

-6.8%

Henan Shenhuo Coal Industry and Electricity Power

CN¥37.9b

Henan Shenhuo Coal Industry and Electricity Power Co.

933

CN¥16.84

7D

-10.3%

1Y

6.9%