Guangdong Hongda Holdings Group Valuation

Q: What is the Fair Price of 002683 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002683 (CN¥27.78) is trading below our estimate of [[fair value]] (CN¥36.13)

Is 002683 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 002683 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002683 (CN¥27.78) is trading below our estimate of fair value (CN¥36.13)

Significantly Below Fair Value: 002683 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002683?

Key metric: As 002683 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002683. This is calculated by dividing 002683's market cap by their current earnings.
What is 002683's PE Ratio?
PE Ratio	24.1x
Earnings	CN¥869.11m
Market Cap	CN¥20.94b

002683 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	1.9x
Enterprise Value/EBITDA	14.2x
PEG Ratio	1.9x

Price to Earnings Ratio vs Peers

How does 002683's PE Ratio compare to its peers?

The above table shows the PE ratio for 002683 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	41.6x
600392 Shenghe Resources Holding	75.3x	53.5%	CN¥20.1b
002155 Hunan Gold	27.6x	31.0%	CN¥21.3b
000060 Shenzhen Zhongjin Lingnan Nonfemet	23.5x	25.3%	CN¥18.1b
002738 Sinomine Resource Group	40x	40.5%	CN¥27.3b
002683 Guangdong Hongda Holdings Group	24.1x	12.5%	CN¥20.9b

Price-To-Earnings vs Peers: 002683 is good value based on its Price-To-Earnings Ratio (24.1x) compared to the peer average (41.6x).

Price to Earnings Ratio vs Industry

How does 002683'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	3.5x	n/a	US$1.18b

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 002683 is good value based on its Price-To-Earnings Ratio (24.1x) compared to the CN Metals and Mining industry average (26.9x).

Price to Earnings Ratio vs Fair Ratio

What is 002683'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.

002683 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	24.1x
Fair PE Ratio	19.1x

Price-To-Earnings vs Fair Ratio: 002683 is expensive based on its Price-To-Earnings Ratio (24.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).

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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