Haohua Chemical Science & Technology Corp., Ltd.

XSSC:600378 Stock Report

Market Cap: CN¥33.6b

Haohua Chemical Science & Technology Valuation

Is 600378 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 600378 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600378 (CN¥30.29) is trading above our estimate of fair value (CN¥10.27)

Significantly Below Fair Value: 600378 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600378?

Key metric: As 600378 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600378. This is calculated by dividing 600378's market cap by their current earnings.
What is 600378's PE Ratio?
PE Ratio47.6x
EarningsCN¥705.39m
Market CapCN¥33.58b

Price to Earnings Ratio vs Peers

How does 600378's PE Ratio compare to its peers?

The above table shows the PE ratio for 600378 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.8x
300037 Shenzhen Capchem Technology
36.2x29.0%CN¥33.2b
600352 Zhejiang Longsheng GroupLtd
16.6x6.9%CN¥33.0b
600873 MeiHua Holdings GroupLtd
10x8.4%CN¥30.1b
688065 Cathay Biotech
64.3xn/aCN¥25.6b
600378 Haohua Chemical Science & Technology
47.6x35.9%CN¥33.6b

Price-To-Earnings vs Peers: 600378 is expensive based on its Price-To-Earnings Ratio (47.6x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

How does 600378'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
600378 47.6xIndustry Avg. 35.2xNo. of Companies42PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600378 is expensive based on its Price-To-Earnings Ratio (47.6x) compared to the CN Chemicals industry average (35.2x).

Price to Earnings Ratio vs Fair Ratio

What is 600378'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.

600378 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.6x
Fair PE Ratio32.1x

Price-To-Earnings vs Fair Ratio: 600378 is expensive based on its Price-To-Earnings Ratio (47.6x) compared to the estimated Fair Price-To-Earnings Ratio (32.1x).

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 600378 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥30.29
CN¥38.79
+28.0%
14.4%CN¥44.37CN¥33.20n/a2
Nov ’25CN¥33.70
CN¥38.79
+15.1%
14.4%CN¥44.37CN¥33.20n/a2
Oct ’25CN¥31.75
CN¥33.98
+7.0%
2.3%CN¥34.76CN¥33.20n/a2
Jan ’25CN¥30.48
CN¥45.91
+50.6%
0.9%CN¥46.32CN¥45.50n/a2
Dec ’24CN¥28.88
CN¥45.91
+59.0%
0.9%CN¥46.32CN¥45.50n/a2
Nov ’24CN¥30.39
CN¥45.91
+51.1%
0.9%CN¥46.32CN¥45.50CN¥33.702
Oct ’24CN¥33.00
CN¥45.91
+39.1%
0.9%CN¥46.32CN¥45.50CN¥31.752
Sep ’24CN¥32.75
CN¥52.27
+59.6%
17.2%CN¥65.00CN¥45.50CN¥26.913
Aug ’24CN¥35.53
CN¥55.07
+55.0%
13.9%CN¥65.00CN¥46.32CN¥28.213
Jul ’24CN¥37.64
CN¥55.07
+46.3%
13.9%CN¥65.00CN¥46.32CN¥29.293
Jun ’24CN¥37.23
CN¥59.45
+59.7%
9.3%CN¥65.00CN¥53.90CN¥30.252
May ’24CN¥38.91
CN¥59.45
+52.8%
9.3%CN¥65.00CN¥53.90CN¥31.092
Apr ’24CN¥44.65
CN¥59.45
+33.1%
9.3%CN¥65.00CN¥53.90CN¥34.032
Mar ’24CN¥46.50
CN¥59.45
+27.8%
9.3%CN¥65.00CN¥53.90CN¥32.022
Feb ’24CN¥45.13
CN¥49.45
+9.6%
9.0%CN¥53.90CN¥45.00CN¥26.112

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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