Satellite Chemical Co.,Ltd.

XSEC:002648 Stock Report

Market Cap: CN¥62.1b

Satellite ChemicalLtd Valuation

Is 002648 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 002648 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002648 (CN¥18.47) is trading below our estimate of fair value (CN¥48.37)

Significantly Below Fair Value: 002648 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002648?

Key metric: As 002648 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002648. This is calculated by dividing 002648's market cap by their current earnings.
What is 002648's PE Ratio?
PE Ratio12.3x
EarningsCN¥5.05b
Market CapCN¥62.10b

Price to Earnings Ratio vs Peers

How does 002648's PE Ratio compare to its peers?

The above table shows the PE ratio for 002648 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.4x
600160 Zhejiang Juhua
39.7x37.7%CN¥57.7b
002601 LB Group
12.5x14.5%CN¥44.9b
002493 Rongsheng Petrochemical
50.1x63.7%CN¥96.5b
002812 Yunnan Energy New Material
47.3x40.6%CN¥38.7b
002648 Satellite ChemicalLtd
12.3x24.2%CN¥62.1b

Price-To-Earnings vs Peers: 002648 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (37.4x).

Price to Earnings Ratio vs Industry

How does 002648's PE Ratio compare vs other companies in the CN Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
002648 12.3xIndustry Avg. 35.1xNo. of Companies42PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002648 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the CN Chemicals industry average (35.1x).

Price to Earnings Ratio vs Fair Ratio

What is 002648'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.

002648 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio25.7x

Price-To-Earnings vs Fair Ratio: 002648 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (25.7x).

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 002648 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥18.47
CN¥22.64
+22.6%
7.2%CN¥25.06CN¥20.35n/a6
Nov ’25CN¥19.45
CN¥22.45
+15.4%
7.3%CN¥25.06CN¥20.35n/a6
Oct ’25CN¥18.67
CN¥22.14
+18.6%
8.1%CN¥25.06CN¥20.28n/a6
Sep ’25CN¥16.37
CN¥22.14
+35.2%
8.1%CN¥25.06CN¥20.28n/a6
Aug ’25CN¥16.92
CN¥22.14
+30.9%
8.1%CN¥25.06CN¥20.28n/a6
Jul ’25CN¥18.83
CN¥21.65
+15.0%
8.8%CN¥25.06CN¥19.32n/a7
Jun ’25CN¥18.24
CN¥21.45
+17.6%
8.0%CN¥25.06CN¥19.32n/a7
May ’25CN¥19.28
CN¥21.45
+11.3%
8.0%CN¥25.06CN¥19.32n/a7
Apr ’25CN¥18.52
CN¥21.18
+14.4%
9.1%CN¥25.06CN¥18.90n/a7
Mar ’25CN¥16.61
CN¥19.58
+17.9%
12.9%CN¥23.28CN¥15.04n/a7
Feb ’25CN¥13.77
CN¥19.58
+42.2%
12.9%CN¥23.28CN¥15.04n/a7
Jan ’25CN¥14.75
CN¥19.37
+31.3%
7.2%CN¥21.50CN¥17.20n/a7
Dec ’24CN¥15.67
CN¥19.37
+23.6%
7.7%CN¥21.50CN¥17.20n/a6
Nov ’24CN¥16.32
CN¥18.97
+16.2%
8.9%CN¥21.50CN¥17.10CN¥19.455
Oct ’24CN¥15.33
CN¥18.78
+22.5%
7.1%CN¥21.00CN¥17.10CN¥18.675
Sep ’24CN¥15.73
CN¥18.49
+17.5%
7.5%CN¥21.00CN¥17.00CN¥16.376
Aug ’24CN¥16.25
CN¥18.49
+13.8%
7.5%CN¥21.00CN¥17.00CN¥16.926
Jul ’24CN¥14.96
CN¥18.08
+20.8%
7.3%CN¥20.00CN¥16.51CN¥18.836
Jun ’24CN¥13.05
CN¥17.88
+37.0%
7.7%CN¥20.00CN¥16.51CN¥18.245
May ’24CN¥14.19
CN¥18.23
+28.5%
8.2%CN¥20.00CN¥16.51CN¥19.284
Apr ’24CN¥16.00
CN¥19.87
+24.2%
20.4%CN¥26.32CN¥14.65CN¥18.525
Mar ’24CN¥17.62
CN¥19.87
+12.8%
20.4%CN¥26.32CN¥14.65CN¥16.615
Feb ’24CN¥18.18
CN¥19.87
+9.3%
20.4%CN¥26.32CN¥14.65CN¥13.775
Jan ’24CN¥15.50
CN¥19.87
+28.2%
20.4%CN¥26.32CN¥14.65CN¥14.755
Dec ’23CN¥15.15
CN¥19.87
+31.2%
20.4%CN¥26.32CN¥14.65CN¥15.675
Nov ’23CN¥13.11
CN¥22.02
+67.9%
26.0%CN¥30.12CN¥14.65CN¥16.325

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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