Hengyi Petrochemical Co., Ltd.

XSEC:000703 Stock Report

Market Cap: CN¥20.8b

Hengyi Petrochemical Valuation

Is 000703 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 000703 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000703 (CN¥6.25) is trading above our estimate of fair value (CN¥0.16)

Significantly Below Fair Value: 000703 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000703?

Key metric: As 000703 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000703. This is calculated by dividing 000703's market cap by their current earnings.
What is 000703's PE Ratio?
PE Ratio45.2x
EarningsCN¥460.08m
Market CapCN¥20.81b

Price to Earnings Ratio vs Peers

How does 000703's PE Ratio compare to its peers?

The above table shows the PE ratio for 000703 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
000683 Inner Mongolia Yuan Xing Energy
12x23.7%CN¥20.5b
605589 Jinan Shengquan Group Share Holding
22.3x23.6%CN¥19.9b
603379 Zhejiang Sanmei Chemical IndustryLtd
32.5x25.5%CN¥19.6b
002080 Sinoma Science & TechnologyLtd
19.1x31.1%CN¥21.5b
000703 Hengyi Petrochemical
45.2x49.4%CN¥20.8b

Price-To-Earnings vs Peers: 000703 is expensive based on its Price-To-Earnings Ratio (45.2x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does 000703'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
000703 45.2xIndustry Avg. 35.2xNo. of Companies42PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 000703 is expensive based on its Price-To-Earnings Ratio (45.2x) compared to the CN Chemicals industry average (36.4x).

Price to Earnings Ratio vs Fair Ratio

What is 000703'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.

000703 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.2x
Fair PE Ratio35x

Price-To-Earnings vs Fair Ratio: 000703 is expensive based on its Price-To-Earnings Ratio (45.2x) compared to the estimated Fair Price-To-Earnings Ratio (35x).

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 000703 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥6.25
CN¥8.17
+30.7%
10.6%CN¥9.04CN¥7.30n/a2
Nov ’25CN¥6.31
CN¥8.17
+29.5%
10.6%CN¥9.04CN¥7.30n/a2
Oct ’25CN¥7.01
CN¥8.92
+27.2%
1.3%CN¥9.04CN¥8.80n/a2
Sep ’25CN¥6.08
CN¥8.92
+46.7%
1.3%CN¥9.04CN¥8.80n/a2
Aug ’25CN¥6.35
CN¥8.92
+40.5%
1.3%CN¥9.04CN¥8.80n/a2
Jul ’25CN¥7.23
CN¥8.92
+23.4%
1.3%CN¥9.04CN¥8.80n/a2
Jun ’25CN¥7.17
CN¥8.92
+24.4%
1.3%CN¥9.04CN¥8.80n/a2
May ’25CN¥7.49
CN¥8.71
+16.3%
3.5%CN¥9.04CN¥8.30n/a3
Apr ’25CN¥6.77
CN¥8.22
+21.4%
8.8%CN¥9.06CN¥7.30n/a3
Mar ’25CN¥6.89
CN¥8.22
+19.3%
8.8%CN¥9.06CN¥7.30n/a3
Feb ’25CN¥6.19
CN¥7.99
+29.1%
9.3%CN¥9.06CN¥7.30n/a4
Jan ’25CN¥6.72
CN¥7.99
+18.9%
9.3%CN¥9.06CN¥7.30n/a4
Dec ’24CN¥6.79
CN¥7.99
+17.7%
9.3%CN¥9.06CN¥7.30n/a4
Nov ’24CN¥7.18
CN¥7.63
+6.3%
6.2%CN¥8.30CN¥7.30CN¥6.313
Oct ’24CN¥7.35
CN¥8.07
+9.8%
2.1%CN¥8.30CN¥7.90CN¥7.013
Sep ’24CN¥7.78
CN¥8.11
+4.3%
2.1%CN¥8.30CN¥7.90CN¥6.084
Aug ’24CN¥7.28
CN¥8.41
+15.5%
4.8%CN¥9.00CN¥7.90CN¥6.354
Jul ’24CN¥6.78
CN¥8.41
+24.0%
4.8%CN¥9.00CN¥7.90CN¥7.234
Jun ’24CN¥6.74
CN¥8.41
+24.7%
4.8%CN¥9.00CN¥7.90CN¥7.174
May ’24CN¥7.67
CN¥8.41
+9.6%
4.8%CN¥9.00CN¥7.90CN¥7.494
Apr ’24CN¥8.12
CN¥8.53
+5.1%
7.0%CN¥9.50CN¥7.90CN¥6.774
Mar ’24CN¥8.13
CN¥8.53
+5.0%
7.0%CN¥9.50CN¥7.90CN¥6.894
Feb ’24CN¥8.01
CN¥10.01
+24.9%
22.4%CN¥13.80CN¥8.25CN¥6.194
Jan ’24CN¥7.03
CN¥10.20
+45.0%
20.7%CN¥13.80CN¥8.48CN¥6.724
Dec ’23CN¥7.25
CN¥10.20
+40.6%
20.7%CN¥13.80CN¥8.48CN¥6.794
Nov ’23CN¥6.71
CN¥10.20
+51.9%
20.7%CN¥13.80CN¥8.48CN¥7.184

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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