Xiamen Hexing Packaging Printing Valuation

Q: What is the Fair Price of 002228 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002228 (CN¥3.03) is trading below our estimate of [[fair value]] (CN¥14.5)

Is 002228 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 002228 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002228 (CN¥3.03) is trading below our estimate of fair value (CN¥14.5)

Significantly Below Fair Value: 002228 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002228?

Key metric: As 002228 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002228. This is calculated by dividing 002228's market cap by their current earnings.
What is 002228's PE Ratio?
PE Ratio	27.5x
Earnings	CN¥127.74m
Market Cap	CN¥3.51b

002228 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	0.4x
Enterprise Value/EBITDA	10.2x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

How does 002228's PE Ratio compare to its peers?

The above table shows the PE ratio for 002228 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	36.5x
605500 Forest Packaging GroupLtd	16.4x	n/a	CN¥3.2b
002565 Shanghai Shunho New Materials TechnologyLtd	62x	n/a	CN¥3.6b
301223 ZRP Printing Group	21.1x	n/a	CN¥3.3b
002067 Zhejiang Jingxing Paper	46.3x	n/a	CN¥4.2b
002228 Xiamen Hexing Packaging Printing	27.5x	28.6%	CN¥3.5b

Price-To-Earnings vs Peers: 002228 is good value based on its Price-To-Earnings Ratio (27.5x) compared to the peer average (36.1x).

Price to Earnings Ratio vs Industry

How does 002228's PE Ratio compare vs other companies in the CN Packaging Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 002228 is good value based on its Price-To-Earnings Ratio (27.5x) compared to the CN Packaging industry average (32.1x).

Price to Earnings Ratio vs Fair Ratio

What is 002228'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.

002228 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	27.5x
Fair PE Ratio	20.3x

Price-To-Earnings vs Fair Ratio: 002228 is expensive based on its Price-To-Earnings Ratio (27.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.3x).

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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