Jilin Quanyangquan Valuation

Q: What is the Fair Price of 600189 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600189 (CN¥7.18) is trading above our estimate of [[fair value]] (CN¥0.82)

Is 600189 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600189 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600189 (CN¥7.18) is trading above our estimate of fair value (CN¥0.82)

Significantly Below Fair Value: 600189 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600189?

Key metric: As 600189 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600189. This is calculated by dividing 600189's market cap by their current revenue.
What is 600189's PS Ratio?
PS Ratio	4.8x
Sales	CN¥1.08b
Market Cap	CN¥5.14b

600189 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	5.8x
Enterprise Value/EBITDA	-392.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600189's PS Ratio compare to its peers?

The above table shows the PS ratio for 600189 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	4.7x
000592 Zhongfu Straits (Pingtan) Development	3x	n/a	CN¥4.6b
002043 DeHua TB New Decoration MaterialLtd	0.9x	9.9%	CN¥9.1b
301429 Anhui Sentai WPC Group Share	2.5x	n/a	CN¥2.0b
002679 Fujian Jinsen ForestryLtd	12.5x	n/a	CN¥2.2b
600189 Jilin Quanyangquan	4.8x	n/a	CN¥5.1b

Price-To-Sales vs Peers: 600189 is good value based on its Price-To-Sales Ratio (4.8x) compared to the peer average (4.8x).

Price to Sales Ratio vs Industry

How does 600189's PS Ratio compare vs other companies in the CN Forestry Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
600567 Shanying International HoldingsLtd	0.3x	12.3%	US$1.37b
600966 Shandong Bohui Paper IndustryLtd	0.4x	10.1%	US$957.80m
000488 Shandong Chenming Paper Holdings	0.3x	7.6%	US$899.11m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 600189 is expensive based on its Price-To-Sales Ratio (4.8x) compared to the CN Forestry industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is 600189's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600189 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	4.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600189's Price-To-Sales Fair Ratio for valuation analysis.

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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