Shandong Head Group Co.,Ltd.

XSEC:002810 Stock Report

Market Cap: CN¥4.5b

Shandong Head GroupLtd Valuation

Is 002810 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 002810 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002810 (CN¥13.17) is trading above our estimate of fair value (CN¥3.05)

Significantly Below Fair Value: 002810 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002810?

Key metric: As 002810 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002810. This is calculated by dividing 002810's market cap by their current earnings.
What is 002810's PE Ratio?
PE Ratio23.8x
EarningsCN¥188.72m
Market CapCN¥4.50b

Price to Earnings Ratio vs Peers

How does 002810's PE Ratio compare to its peers?

The above table shows the PE ratio for 002810 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.1x
601113 Yiwu Huading NylonLtd
13.6xn/aCN¥4.3b
603867 Zhejiang Xinhua ChemicalLtd
19.3x32.5%CN¥4.4b
603938 Tangshan Sunfar Silicon IndustriesLtd
65.1xn/aCN¥4.6b
300196 Jiangsu Changhai Composite Materials
22.2x39.1%CN¥4.6b
002810 Shandong Head GroupLtd
23.8x34.5%CN¥4.5b

Price-To-Earnings vs Peers: 002810 is good value based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (29.8x).

Price to Earnings Ratio vs Industry

How does 002810'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
002810 23.8xIndustry Avg. 35.6xNo. of Companies38PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002810 is good value based on its Price-To-Earnings Ratio (23.8x) compared to the CN Chemicals industry average (35.9x).

Price to Earnings Ratio vs Fair Ratio

What is 002810'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.

002810 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio25.2x

Price-To-Earnings vs Fair Ratio: 002810 is good value based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).

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 002810 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥13.43
CN¥17.00
+26.6%
17.6%CN¥20.00CN¥14.00n/a2
Nov ’25CN¥13.62
CN¥17.00
+24.8%
17.6%CN¥20.00CN¥14.00n/a2
Oct ’25CN¥14.41
CN¥17.00
+18.0%
17.6%CN¥20.00CN¥14.00n/a2
Sep ’25CN¥12.10
CN¥17.00
+40.5%
17.6%CN¥20.00CN¥14.00n/a2
Aug ’25CN¥11.23
CN¥19.50
+73.6%
12.8%CN¥22.00CN¥17.00n/a2
Jul ’25CN¥11.90
CN¥19.50
+63.9%
12.8%CN¥22.00CN¥17.00n/a2
Jun ’25CN¥14.34
CN¥19.50
+36.0%
12.8%CN¥22.00CN¥17.00n/a2
May ’25CN¥14.66
CN¥19.50
+33.0%
12.8%CN¥22.00CN¥17.00n/a2
Mar ’25CN¥16.00
CN¥21.00
+31.3%
4.8%CN¥22.00CN¥20.00n/a2
Feb ’25CN¥14.80
CN¥25.00
+68.9%
20.0%CN¥30.00CN¥20.00n/a2
Jan ’25CN¥21.19
CN¥25.00
+18.0%
20.0%CN¥30.00CN¥20.00n/a2
Dec ’24CN¥20.31
CN¥25.00
+23.1%
20.0%CN¥30.00CN¥20.00n/a2
Nov ’24CN¥18.63
CN¥25.00
+34.2%
20.0%CN¥30.00CN¥20.00CN¥13.622
Oct ’24CN¥17.14
CN¥25.00
+45.9%
20.0%CN¥30.00CN¥20.00CN¥14.412
Sep ’24CN¥17.15
CN¥25.00
+45.8%
20.0%CN¥30.00CN¥20.00CN¥12.102
Aug ’24CN¥19.43
CN¥29.50
+51.8%
11.9%CN¥33.00CN¥26.00CN¥11.232
Jul ’24CN¥18.00
CN¥29.50
+63.9%
11.9%CN¥33.00CN¥26.00CN¥11.902
Jun ’24CN¥17.71
CN¥29.50
+66.6%
11.9%CN¥33.00CN¥26.00CN¥14.342
Mar ’24CN¥26.10
CN¥45.47
+74.2%
20.8%CN¥54.93CN¥36.00CN¥16.002
Feb ’24CN¥25.78
CN¥45.47
+76.4%
20.8%CN¥54.93CN¥36.00CN¥14.802
Jan ’24CN¥22.42
CN¥54.97
+145.2%
0.06%CN¥55.00CN¥54.93CN¥21.192
Dec ’23CN¥25.34
CN¥54.97
+116.9%
0.06%CN¥55.00CN¥54.93CN¥20.312
Nov ’23CN¥24.59
CN¥54.97
+123.5%
0.06%CN¥55.00CN¥54.93CN¥18.632

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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