Jiangsu Changhai Composite Materials Co., Ltd

XSEC:300196 Stock Report

Market Cap: CN¥4.6b

Jiangsu Changhai Composite Materials Valuation

Is 300196 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 300196 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300196 (CN¥11.28) is trading above our estimate of fair value (CN¥3.88)

Significantly Below Fair Value: 300196 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300196?

Key metric: As 300196 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 300196. This is calculated by dividing 300196's market cap by their current earnings.
What is 300196's PE Ratio?
PE Ratio21.8x
EarningsCN¥210.62m
Market CapCN¥4.60b

Price to Earnings Ratio vs Peers

How does 300196's PE Ratio compare to its peers?

The above table shows the PE ratio for 300196 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.6x
002810 Shandong Head GroupLtd
24.3x34.5%CN¥4.5b
601113 Yiwu Huading NylonLtd
13.6xn/aCN¥4.4b
603938 Tangshan Sunfar Silicon IndustriesLtd
65.1xn/aCN¥4.6b
603867 Zhejiang Xinhua ChemicalLtd
19.3x32.5%CN¥4.4b
300196 Jiangsu Changhai Composite Materials
21.8x39.1%CN¥4.6b

Price-To-Earnings vs Peers: 300196 is good value based on its Price-To-Earnings Ratio (21.8x) compared to the peer average (30.3x).

Price to Earnings Ratio vs Industry

How does 300196'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
300196 21.8xIndustry Avg. 35.6xNo. of Companies38PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 300196 is good value based on its Price-To-Earnings Ratio (21.8x) compared to the CN Chemicals industry average (35.9x).

Price to Earnings Ratio vs Fair Ratio

What is 300196'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.

300196 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.8x
Fair PE Ratio26.6x

Price-To-Earnings vs Fair Ratio: 300196 is good value based on its Price-To-Earnings Ratio (21.8x) compared to the estimated Fair Price-To-Earnings Ratio (26.6x).

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 300196 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥11.28
CN¥14.05
+24.5%
10.4%CN¥15.84CN¥11.80n/a4
Nov ’25CN¥12.19
CN¥14.05
+15.2%
10.4%CN¥15.84CN¥11.80n/a4
Oct ’25CN¥11.89
CN¥11.92
+0.3%
1.9%CN¥12.24CN¥11.64n/a4
Sep ’25CN¥9.55
CN¥11.92
+24.8%
1.9%CN¥12.24CN¥11.64n/a4
Aug ’25CN¥9.72
CN¥14.09
+44.9%
4.5%CN¥14.60CN¥13.00n/a4
Jul ’25CN¥10.25
CN¥14.09
+37.4%
4.5%CN¥14.60CN¥13.00n/a4
Jun ’25CN¥11.76
CN¥14.09
+19.8%
4.5%CN¥14.60CN¥13.00n/a4
May ’25CN¥11.22
CN¥13.03
+16.1%
8.2%CN¥14.35CN¥11.73n/a3
Apr ’25CN¥10.42
CN¥16.25
+56.0%
5.1%CN¥17.00CN¥15.09n/a3
Mar ’25CN¥9.36
CN¥16.25
+73.6%
5.1%CN¥17.00CN¥15.09n/a3
Feb ’25CN¥8.99
CN¥16.25
+80.8%
5.1%CN¥17.00CN¥15.09n/a3
Jan ’25CN¥10.88
CN¥16.25
+49.4%
5.1%CN¥17.00CN¥15.09n/a3
Dec ’24CN¥11.76
CN¥16.25
+38.2%
5.1%CN¥17.00CN¥15.09n/a3
Nov ’24CN¥12.56
CN¥16.25
+29.4%
5.1%CN¥17.00CN¥15.09CN¥12.193
Oct ’24CN¥13.47
CN¥18.49
+37.2%
6.0%CN¥20.00CN¥17.37CN¥11.893
Sep ’24CN¥13.81
CN¥18.49
+33.9%
6.0%CN¥20.00CN¥17.37CN¥9.553
Aug ’24CN¥14.36
CN¥19.92
+38.7%
2.1%CN¥20.40CN¥19.37CN¥9.723
Jul ’24CN¥13.85
CN¥19.92
+43.9%
2.1%CN¥20.40CN¥19.37CN¥10.253
Jun ’24CN¥13.72
CN¥19.92
+45.2%
2.1%CN¥20.40CN¥19.37CN¥11.763
May ’24CN¥13.88
CN¥19.92
+43.5%
2.1%CN¥20.40CN¥19.37CN¥11.223
Mar ’24n/a
CN¥21.40
0%
4.2%CN¥22.30CN¥20.50CN¥9.362
Feb ’24n/a
CN¥21.40
0%
4.2%CN¥22.30CN¥20.50CN¥8.992
Jan ’24n/a
CN¥21.40
0%
4.2%CN¥22.30CN¥20.50CN¥10.882
Dec ’23n/a
CN¥21.40
0%
4.2%CN¥22.30CN¥20.50CN¥11.762
Nov ’23n/a
CN¥21.40
0%
4.2%CN¥22.30CN¥20.50CN¥12.562

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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