Shanghai Zhongzhou Special Alloy Materials Valuation

Q: What is the Fair Price of 300963 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

300963 (CN¥9.46) is trading above our estimate of [[fair value]] (CN¥1.36)

Is 300963 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 300963 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300963 (CN¥9.46) is trading above our estimate of fair value (CN¥1.36)

Significantly Below Fair Value: 300963 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300963?

Key metric: As 300963 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 300963. This is calculated by dividing 300963's market cap by their current earnings.
What is 300963's PE Ratio?
PE Ratio	39.8x
Earnings	CN¥77.92m
Market Cap	CN¥3.10b

300963 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	3x
Enterprise Value/EBITDA	30.4x
PEG Ratio	1.2x

Price to Earnings Ratio vs Peers

How does 300963's PE Ratio compare to its peers?

The above table shows the PE ratio for 300963 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	54.8x
688231 Jiangsu Longda Superalloy	101.1x	n/a	CN¥3.6b
688456 GRIPM Advanced Materials	58.4x	29.9%	CN¥3.3b
688379 Hangzhou Huaguang Advanced Welding MaterialsLtd	23.4x	23.2%	CN¥1.9b
688786 Jiangxi Yuean Advanced MaterialsLtd	36.3x	45.0%	CN¥2.8b
300963 Shanghai Zhongzhou Special Alloy Materials	39.8x	32.3%	CN¥3.1b

Price-To-Earnings vs Peers: 300963 is good value based on its Price-To-Earnings Ratio (39.8x) compared to the peer average (54.8x).

Price to Earnings Ratio vs Industry

How does 300963's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
600117 Xining Special Steel.Co.Ltd	3.4x	n/a	US$1.15b

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 300963 is expensive based on its Price-To-Earnings Ratio (39.8x) compared to the CN Metals and Mining industry average (27.6x).

Price to Earnings Ratio vs Fair Ratio

What is 300963'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.

300963 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	39.8x
Fair PE Ratio	25.9x

Price-To-Earnings vs Fair Ratio: 300963 is expensive based on its Price-To-Earnings Ratio (39.8x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).

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.

Discover undervalued companies

Yunnan Yuntianhua

CN¥40.3b

Engages in the phosphate ore mining, chemical fertilizers, engineering materials, agriculture, and trade and logistics businesses in China.

600096

CN¥22.08

-1.3%

37.5%

Wanhua Chemical Group

CN¥232.0b

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

600309

CN¥73.89

-4.0%

-9.2%

Chifeng Jilong Gold MiningLtd

CN¥29.1b

Operates as a gold and non-ferrous metal mining company.

600988

CN¥17.66

2.7%

31.4%