Maanshan Iron & Steel Company Limited

XSSC:600808 Stock Report

Market Cap: CN¥16.0b

Maanshan Iron & Steel Valuation

Is 600808 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-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 600808 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600808 (CN¥2.35) is trading above our estimate of fair value (CN¥0.77)

Significantly Below Fair Value: 600808 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600808?

Key metric: As 600808 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600808. This is calculated by dividing 600808's market cap by their current revenue.
What is 600808's PS Ratio?
PS Ratio0.1x
SalesCN¥86.53b
Market CapCN¥16.04b

Price to Sales Ratio vs Peers

How does 600808's PS Ratio compare to its peers?

The above table shows the PS ratio for 600808 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
600022 Shandong Iron and Steel
0.2xn/aCN¥15.6b
000778 Xinxing Ductile Iron Pipes
0.5x7.9%CN¥15.5b
002075 Jiangsu Shagang
0.9xn/aCN¥13.9b
001203 Dazhong Mining
3.4x16.9%CN¥14.3b
600808 Maanshan Iron & Steel
0.1x-0.7%CN¥17.2b

Price-To-Sales vs Peers: 600808 is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does 600808's PS Ratio compare vs other companies in the CN Metals and Mining Industry?

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.4x10.0%
600808 Maanshan Iron & Steel
 0.1x-0.7%US$2.21b
000630 Tongling Nonferrous Metals GroupLtd
0.3x12.9%US$5.79b
000932 Hunan Valin Steel
0.2x3.1%US$4.17b
600808 0.1xIndustry Avg. 1.4xNo. of Companies26PS01.22.43.64.86+
26 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.4x29.6%
600808 Maanshan Iron & Steel
 0.1x105.7%US$2.21b
No more companies

Price-To-Sales vs Industry: 600808 is good value based on its Price-To-Sales Ratio (0.1x) compared to the CN Metals and Mining industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 600808'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.

600808 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: 600808 is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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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