Chengxin Lithium Group Co., Ltd.

XSEC:002240 Stock Report

Market Cap: CN¥14.3b

Chengxin Lithium Group Valuation

Is 002240 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 002240 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002240 (CN¥15.86) is trading above our estimate of fair value (CN¥1.06)

Significantly Below Fair Value: 002240 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002240?

Key metric: As 002240 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002240. This is calculated by dividing 002240's market cap by their current revenue.
What is 002240's PS Ratio?
PS Ratio3x
SalesCN¥4.82b
Market CapCN¥14.29b

Price to Sales Ratio vs Peers

How does 002240's PS Ratio compare to its peers?

The above table shows the PS ratio for 002240 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.2x
300576 Shenzhen RongDa Photosensitive Science & Technology
16.5xn/aCN¥15.0b
300641 Jiangsu Zhengdan Chemical Industry
4xn/aCN¥12.0b
603826 Fujian Kuncai Material Technology
15.6x38.0%CN¥15.1b
300285 Shandong Sinocera Functional Material
4.6x17.4%CN¥18.5b
002240 Chengxin Lithium Group
3x31.3%CN¥14.3b

Price-To-Sales vs Peers: 002240 is good value based on its Price-To-Sales Ratio (3x) compared to the peer average (10.2x).

Price to Sales Ratio vs Industry

How does 002240's PS Ratio compare vs other companies in the CN Chemicals Industry?

24 CompaniesPrice / SalesEstimated GrowthMarket Cap
600346 Hengli PetrochemicalLtd
0.4x4.3%US$13.84b
002493 Rongsheng Petrochemical
0.3x8.5%US$12.73b
000301 Jiangsu Eastern ShenghongLtd
0.4x6.8%US$8.48b
601233 Tongkun Group
0.3x4.6%US$3.77b
002240 3.0xIndustry Avg. 2.3xNo. of Companies71PS0246810+
24 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 002240 is expensive based on its Price-To-Sales Ratio (3x) compared to the CN Chemicals industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 002240's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

002240 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: 002240 is expensive based on its Price-To-Sales Ratio (3x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).

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 002240 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥15.86
CN¥14.24
-10.2%
27.4%CN¥18.00CN¥7.70n/a4
Nov ’25CN¥14.64
CN¥12.98
-11.3%
28.9%CN¥16.00CN¥7.70n/a3
Oct ’25CN¥15.29
CN¥13.84
-9.5%
31.8%CN¥17.82CN¥7.70n/a3
Sep ’25CN¥11.98
CN¥15.54
+29.7%
13.4%CN¥17.82CN¥12.80n/a3
Aug ’25CN¥12.65
CN¥15.54
+22.8%
13.4%CN¥17.82CN¥12.80n/a3
Jul ’25CN¥13.82
CN¥15.54
+12.4%
13.4%CN¥17.82CN¥12.80n/a3
Jun ’25CN¥16.19
CN¥17.45
+7.8%
8.3%CN¥18.90CN¥16.00n/a2
May ’25CN¥17.95
CN¥17.45
-2.8%
8.3%CN¥18.90CN¥16.00n/a2
Apr ’25CN¥20.30
CN¥17.45
-14.0%
8.3%CN¥18.90CN¥16.00n/a2
Mar ’25CN¥22.02
CN¥14.95
-32.1%
26.4%CN¥18.90CN¥11.00n/a2
Feb ’25CN¥19.96
CN¥14.95
-25.1%
26.4%CN¥18.90CN¥11.00n/a2
Jan ’25CN¥22.75
CN¥14.95
-34.3%
26.4%CN¥18.90CN¥11.00n/a2
Dec ’24CN¥22.12
CN¥27.01
+22.1%
58.9%CN¥48.72CN¥11.00n/a3
Nov ’24CN¥23.36
CN¥27.01
+15.6%
58.9%CN¥48.72CN¥11.00CN¥14.643
Oct ’24CN¥22.36
CN¥35.01
+56.6%
39.2%CN¥48.72CN¥21.30CN¥15.292
Sep ’24CN¥23.35
CN¥43.26
+85.3%
12.6%CN¥48.72CN¥37.80CN¥11.982
Aug ’24CN¥27.42
CN¥44.17
+61.1%
10.5%CN¥48.72CN¥37.80CN¥12.653
Jul ’24CN¥31.87
CN¥44.17
+38.6%
10.5%CN¥48.72CN¥37.80CN¥13.823
Jun ’24CN¥30.49
CN¥45.14
+48.0%
7.4%CN¥48.72CN¥40.70CN¥16.193
May ’24CN¥31.76
CN¥43.35
+36.5%
6.1%CN¥46.00CN¥40.70CN¥17.952
Apr ’24CN¥34.53
CN¥47.10
+36.4%
2.3%CN¥48.20CN¥46.00CN¥20.302
Mar ’24CN¥38.28
CN¥47.10
+23.0%
2.3%CN¥48.20CN¥46.00CN¥22.022
Feb ’24CN¥42.66
CN¥47.10
+10.4%
2.3%CN¥48.20CN¥46.00CN¥19.962
Jan ’24CN¥37.49
CN¥55.10
+47.0%
12.5%CN¥62.00CN¥48.20CN¥22.752
Dec ’23CN¥42.60
CN¥57.60
+35.2%
7.6%CN¥62.00CN¥53.20CN¥22.122

Analyst Forecast: Target price is lower than the current share price.

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