Yibin Tianyuan Group Valuation

Is 002386 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-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 002386 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002386 (CN¥4.75) is trading above our estimate of fair value (CN¥1.43)

Significantly Below Fair Value: 002386 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002386?

Key metric: As 002386 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002386. This is calculated by dividing 002386's market cap by their current revenue.
What is 002386's PS Ratio?
PS Ratio	0.5x
Sales	CN¥12.76b
Market Cap	CN¥6.18b

002386 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	0.8x
Enterprise Value/EBITDA	48.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002386's PS Ratio compare to its peers?

The above table shows the PS ratio for 002386 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2x
300586 Malion New Materials	4.1x	n/a	CN¥6.0b
002641 Era	0.8x	7.5%	CN¥5.7b
002057 Sinosteel New Materials	2.3x	n/a	CN¥6.0b
000949 Xinxiang Chemical Fiber	0.9x	5.8%	CN¥7.1b
002386 Yibin Tianyuan Group	0.5x	n/a	CN¥6.2b

Price-To-Sales vs Peers: 002386 is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does 002386's PS Ratio compare vs other companies in the CN Chemicals Industry?

25 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.4x	16.2%
002386 Yibin Tianyuan Group	0.5x	n/a	US$852.83m
600346 Hengli PetrochemicalLtd	0.4x	4.3%	US$13.83b
002493 Rongsheng Petrochemical	0.3x	8.5%	US$12.62b

25 Companies		Estimated Growth	Market Cap
Industry Avg.	2.4x	39.7%
002386 Yibin Tianyuan Group	0.5x	n/a	US$852.83m

No more companies

Price-To-Sales vs Industry: 002386 is good value based on its Price-To-Sales Ratio (0.5x) compared to the CN Chemicals industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 002386'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.

002386 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002386's Price-To-Sales Fair Ratio for valuation analysis.

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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