Hengli Petrochemical Co.,Ltd.

XSSC:600346 Stock Report

Market Cap: CN¥100.3b

Hengli PetrochemicalLtd Valuation

Is 600346 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 600346 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600346 (CN¥14.25) is trading below our estimate of fair value (CN¥177.38)

Significantly Below Fair Value: 600346 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600346?

Key metric: As 600346 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600346. This is calculated by dividing 600346's market cap by their current earnings.
What is 600346's PE Ratio?
PE Ratio15.9x
EarningsCN¥6.31b
Market CapCN¥100.31b

Price to Earnings Ratio vs Peers

How does 600346's PE Ratio compare to its peers?

The above table shows the PE ratio for 600346 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48x
002493 Rongsheng Petrochemical
46.9x63.7%CN¥90.4b
600160 Zhejiang Juhua
38.2x38.3%CN¥55.6b
002648 Satellite ChemicalLtd
11.9x24.2%CN¥60.0b
002709 Guangzhou Tinci Materials Technology
95.1x60.3%CN¥45.4b
600346 Hengli PetrochemicalLtd
15.9x29.1%CN¥100.3b

Price-To-Earnings vs Peers: 600346 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (48x).

Price to Earnings Ratio vs Industry

How does 600346'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
600346 15.9xIndustry Avg. 35.2xNo. of Companies42PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600346 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the CN Chemicals industry average (35.2x).

Price to Earnings Ratio vs Fair Ratio

What is 600346'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.

600346 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ratio28.8x

Price-To-Earnings vs Fair Ratio: 600346 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (28.8x).

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 600346 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥14.25
CN¥17.48
+22.7%
11.6%CN¥21.10CN¥15.30n/a5
Nov ’25CN¥13.74
CN¥17.42
+26.8%
12.0%CN¥21.10CN¥15.00n/a5
Oct ’25CN¥15.66
CN¥17.98
+14.8%
13.6%CN¥22.00CN¥15.00n/a5
Sep ’25CN¥13.43
CN¥17.98
+33.9%
13.6%CN¥22.00CN¥15.00n/a5
Aug ’25CN¥13.86
CN¥18.48
+33.3%
15.2%CN¥21.80CN¥15.00n/a5
Jul ’25CN¥14.25
CN¥17.62
+23.6%
18.4%CN¥21.80CN¥13.00n/a6
Jun ’25CN¥14.33
CN¥17.76
+23.9%
19.0%CN¥21.80CN¥12.80n/a8
May ’25CN¥15.50
CN¥17.76
+14.6%
19.0%CN¥21.80CN¥12.80n/a8
Apr ’25CN¥14.27
CN¥17.27
+21.0%
20.6%CN¥23.00CN¥12.80n/a9
Mar ’25CN¥12.76
CN¥17.27
+35.4%
20.6%CN¥23.00CN¥12.80n/a9
Feb ’25CN¥11.79
CN¥17.27
+46.5%
19.6%CN¥23.00CN¥12.80n/a10
Jan ’25CN¥13.17
CN¥17.90
+35.9%
17.2%CN¥23.00CN¥13.00n/a10
Dec ’24CN¥13.68
CN¥18.83
+37.6%
12.6%CN¥23.00CN¥15.10n/a10
Nov ’24CN¥14.81
CN¥18.83
+27.1%
12.6%CN¥23.00CN¥15.10CN¥13.7410
Oct ’24CN¥14.40
CN¥18.41
+27.8%
10.9%CN¥22.00CN¥15.10CN¥15.6610
Sep ’24CN¥14.55
CN¥18.67
+28.3%
11.2%CN¥22.00CN¥15.10CN¥13.4311
Aug ’24CN¥15.56
CN¥19.41
+24.7%
11.9%CN¥24.00CN¥16.87CN¥13.8611
Jul ’24CN¥14.33
CN¥19.63
+37.0%
11.8%CN¥24.00CN¥16.87CN¥14.2510
Jun ’24CN¥15.65
CN¥20.27
+29.5%
13.3%CN¥25.00CN¥16.87CN¥14.3310
May ’24CN¥15.80
CN¥20.69
+30.9%
13.5%CN¥25.00CN¥16.87CN¥15.509
Apr ’24CN¥16.20
CN¥20.74
+28.1%
14.2%CN¥25.00CN¥16.87CN¥14.279
Mar ’24CN¥17.72
CN¥20.74
+17.1%
14.2%CN¥25.00CN¥16.87CN¥12.769
Feb ’24CN¥17.70
CN¥22.05
+24.6%
15.9%CN¥28.50CN¥16.87CN¥11.799
Jan ’24CN¥15.53
CN¥22.03
+41.8%
16.0%CN¥28.50CN¥16.87CN¥13.179
Dec ’23CN¥17.17
CN¥21.79
+26.9%
17.9%CN¥28.50CN¥14.76CN¥13.689
Nov ’23CN¥15.14
CN¥22.34
+47.6%
19.4%CN¥28.50CN¥14.76CN¥14.819

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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