Shandong Humon Smelting Valuation

Q: What is the Fair Price of 002237 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002237 (CN¥10.77) is trading above our estimate of [[fair value]] (CN¥2.16)

Is 002237 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 002237 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002237 (CN¥10.77) is trading above our estimate of fair value (CN¥2.16)

Significantly Below Fair Value: 002237 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002237?

Key metric: As 002237 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002237. This is calculated by dividing 002237's market cap by their current earnings.
What is 002237's PE Ratio?
PE Ratio	21.7x
Earnings	CN¥569.99m
Market Cap	CN¥12.36b

002237 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	0.3x
Enterprise Value/EBITDA	12.4x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

How does 002237's PE Ratio compare to its peers?

The above table shows the PE ratio for 002237 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	20.9x
001337 Sichuan Gold	39.1x	n/a	CN¥9.8b
600988 Chifeng Jilong Gold MiningLtd	21x	21.9%	CN¥29.1b
600489 Zhongjin GoldLtd	17.8x	16.4%	CN¥63.1b
002721 Beijing Kingee Culture Development	5.7x	n/a	CN¥6.8b
002237 Shandong Humon Smelting	21.7x	39.7%	CN¥12.4b

Price-To-Earnings vs Peers: 002237 is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the peer average (20.9x).

Price to Earnings Ratio vs Industry

How does 002237'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: 002237 is good value based on its Price-To-Earnings Ratio (21.7x) compared to the CN Metals and Mining industry average (27.7x).

Price to Earnings Ratio vs Fair Ratio

What is 002237'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.

002237 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	21.7x
Fair PE Ratio	29x

Price-To-Earnings vs Fair Ratio: 002237 is good value based on its Price-To-Earnings Ratio (21.7x) compared to the estimated Fair Price-To-Earnings Ratio (29x).

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

ValiantLtd

CN¥9.8b

Produces and sells chemical materials worldwide.

2643

CN¥10.51

-2.7%

-34.7%

Wanhua Chemical Group

CN¥232.0b

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

600309

CN¥73.89

-4.0%

-9.2%

Western MiningLtd

CN¥40.4b

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

601168

CN¥16.95

-2.2%

32.2%