Lets Holdings Group Co., Ltd.

XSEC:002398 Stock Report

Market Cap: CN¥3.1b

Lets Holdings Group Valuation

Is 002398 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-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 002398 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002398 (CN¥4.49) is trading above our estimate of fair value (CN¥0.66)

Significantly Below Fair Value: 002398 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002398?

Key metric: As 002398 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002398. This is calculated by dividing 002398's market cap by their current earnings.
What is 002398's PE Ratio?
PE Ratio35.3x
EarningsCN¥87.53m
Market CapCN¥3.09b

Price to Earnings Ratio vs Peers

How does 002398's PE Ratio compare to its peers?

The above table shows the PE ratio for 002398 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.3x
001212 Sinostone(Guangdong)Ltd
61.3xn/aCN¥3.0b
002671 Shandong Longquan Pipe IndustryLtd
23.9xn/aCN¥2.5b
300234 Zhejiang Kaier New MaterialsLtd
30.7xn/aCN¥2.4b
003037 Guangdong Sanhe Pile
113.4xn/aCN¥4.5b
002398 Lets Holdings Group
35.3x32.0%CN¥3.1b

Price-To-Earnings vs Peers: 002398 is good value based on its Price-To-Earnings Ratio (35.3x) compared to the peer average (57.3x).

Price to Earnings Ratio vs Industry

How does 002398's PE Ratio compare vs other companies in the CN Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
002398 35.3xIndustry Avg. 25.8xNo. of Companies5PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002398 is expensive based on its Price-To-Earnings Ratio (35.3x) compared to the CN Basic Materials industry average (25.8x).

Price to Earnings Ratio vs Fair Ratio

What is 002398'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.

002398 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.3x
Fair PE Ratio23.1x

Price-To-Earnings vs Fair Ratio: 002398 is expensive based on its Price-To-Earnings Ratio (35.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.1x).

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 002398 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥4.49
CN¥4.50
+0.2%
8.0%CN¥5.00CN¥4.18n/a3
Dec ’25CN¥4.36
CN¥4.50
+3.2%
8.0%CN¥5.00CN¥4.18n/a3
Nov ’25CN¥4.11
CN¥4.50
+9.5%
8.0%CN¥5.00CN¥4.18n/a3
Oct ’25CN¥4.08
CN¥4.50
+10.3%
8.0%CN¥5.00CN¥4.18n/a3
Sep ’25CN¥3.56
CN¥4.50
+26.4%
8.0%CN¥5.00CN¥4.18n/a3
Aug ’25CN¥3.63
CN¥4.78
+31.6%
4.6%CN¥5.00CN¥4.48n/a3
Jul ’25CN¥3.82
CN¥4.78
+25.0%
4.6%CN¥5.00CN¥4.48n/a3
Jun ’25CN¥4.13
CN¥4.78
+15.7%
4.6%CN¥5.00CN¥4.48n/a3
May ’25CN¥4.19
CN¥4.78
+14.0%
4.6%CN¥5.00CN¥4.48n/a3
Apr ’25CN¥4.23
CN¥7.46
+76.4%
11.5%CN¥8.32CN¥6.60n/a2
Mar ’25CN¥3.95
CN¥7.31
+85.0%
10.1%CN¥8.32CN¥6.60n/a3
Feb ’25CN¥3.97
CN¥7.31
+84.0%
10.1%CN¥8.32CN¥6.60n/a3
Jan ’25CN¥4.77
CN¥7.31
+53.2%
10.1%CN¥8.32CN¥6.60n/a3
Dec ’24CN¥5.02
CN¥7.31
+45.6%
10.1%CN¥8.32CN¥6.60CN¥4.363
Nov ’24CN¥4.95
CN¥7.31
+47.6%
10.1%CN¥8.32CN¥6.60CN¥4.113
Oct ’24CN¥5.27
CN¥7.31
+38.6%
10.1%CN¥8.32CN¥6.60CN¥4.083
Sep ’24CN¥5.46
CN¥7.31
+33.8%
10.1%CN¥8.32CN¥6.60CN¥3.563
Aug ’24CN¥5.92
CN¥8.28
+39.9%
1.4%CN¥8.40CN¥8.16CN¥3.632
Jul ’24CN¥5.70
CN¥8.28
+45.3%
1.4%CN¥8.40CN¥8.16CN¥3.822
Jun ’24CN¥5.75
CN¥8.28
+44.0%
1.4%CN¥8.40CN¥8.16CN¥4.132
May ’24CN¥6.19
CN¥8.52
+37.6%
1.4%CN¥8.64CN¥8.40CN¥4.192
Apr ’24CN¥6.41
CN¥8.52
+32.9%
1.4%CN¥8.64CN¥8.40CN¥4.232
Mar ’24CN¥6.39
CN¥7.40
+15.8%
8.9%CN¥8.33CN¥6.89CN¥3.953
Feb ’24CN¥6.23
CN¥7.40
+18.8%
8.9%CN¥8.33CN¥6.89CN¥3.973
Jan ’24CN¥5.75
CN¥7.40
+28.7%
8.9%CN¥8.33CN¥6.89CN¥4.773
Dec ’23CN¥6.37
CN¥7.40
+16.2%
8.9%CN¥8.33CN¥6.89CN¥5.023

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 02:46
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Lets Holdings Group Co., Ltd. is covered by 19 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chao FanChangjiang Securities Co. LTD.
Qing GongChina International Capital Corporation Limited
Xudong YaoChina International Capital Corporation Limited