China Film Co., Ltd.

SHSE:600977 Stock Report

Market Cap: CN¥22.0b

China Film Valuation

Is 600977 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 600977 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600977 (CN¥11.87) is trading above our estimate of fair value (CN¥0.51)

Significantly Below Fair Value: 600977 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600977?

Key metric: As 600977 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600977. This is calculated by dividing 600977's market cap by their current revenue.
What is 600977's PS Ratio?
PS Ratio5.4x
SalesCN¥4.14b
Market CapCN¥22.01b

Price to Sales Ratio vs Peers

How does 600977's PS Ratio compare to its peers?

The above table shows the PS ratio for 600977 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.4x
300182 Beijing Jetsen Technology
5.7x8.7%CN¥17.2b
002739 Wanda Film Holding
2x16.7%CN¥26.8b
601595 Shanghai Film
17.5x29.6%CN¥13.7b
300251 Beijing Enlight Media
12.3x19.2%CN¥25.5b
600977 China Film
5.4x20.6%CN¥22.0b

Price-To-Sales vs Peers: 600977 is good value based on its Price-To-Sales Ratio (5.4x) compared to the peer average (9.4x).

Price to Sales Ratio vs Industry

How does 600977's PS Ratio compare vs other companies in the CN Entertainment Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
002502 Dinglong CultureLtd
0.9xn/aUS$82.97m
000673 Lead Eastern InvestmentLtd
1.2xn/aUS$29.46m
No more companies available in this PS range
600977 5.4xIndustry Avg. 7.1xNo. of Companies11PS0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 600977 is good value based on its Price-To-Sales Ratio (5.4x) compared to the CN Entertainment industry average (7.1x).

Price to Sales Ratio vs Fair Ratio

What is 600977'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.

600977 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.4x
Fair PS Ratio4.2x

Price-To-Sales vs Fair Ratio: 600977 is expensive based on its Price-To-Sales Ratio (5.4x) compared to the estimated Fair Price-To-Sales Ratio (4.2x).

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 600977 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥11.87
CN¥10.81
-8.9%
26.8%CN¥13.34CN¥6.20n/a4
Nov ’25CN¥11.28
CN¥10.81
-4.2%
26.8%CN¥13.34CN¥6.20n/a4
Oct ’25CN¥12.10
CN¥9.98
-17.6%
23.0%CN¥12.40CN¥6.20n/a4
Sep ’25CN¥9.94
CN¥11.08
+11.4%
7.0%CN¥12.40CN¥10.50n/a4
Aug ’25CN¥10.70
CN¥11.60
+8.4%
9.2%CN¥12.90CN¥10.50n/a4
Jul ’25CN¥10.86
CN¥11.60
+6.8%
9.2%CN¥12.90CN¥10.50n/a4
Jun ’25CN¥11.50
CN¥11.60
+0.9%
9.2%CN¥12.90CN¥10.50n/a4
May ’25CN¥11.90
CN¥12.03
+1.1%
7.2%CN¥12.90CN¥10.60n/a4
Apr ’25CN¥12.47
CN¥12.28
-1.6%
9.5%CN¥13.90CN¥10.60n/a4
Mar ’25CN¥12.32
CN¥12.28
-0.4%
9.5%CN¥13.90CN¥10.60n/a4
Feb ’25CN¥11.24
CN¥12.28
+9.2%
9.5%CN¥13.90CN¥10.60n/a4
Jan ’25CN¥12.24
CN¥14.53
+18.7%
12.0%CN¥17.00CN¥12.20n/a4
Dec ’24CN¥12.69
CN¥14.83
+16.8%
9.3%CN¥17.00CN¥13.40n/a4
Nov ’24CN¥12.01
CN¥14.83
+23.4%
9.3%CN¥17.00CN¥13.40CN¥11.284
Oct ’24CN¥14.08
CN¥16.44
+16.8%
11.2%CN¥18.36CN¥13.40CN¥12.104
Sep ’24CN¥14.75
CN¥16.13
+9.4%
10.9%CN¥18.36CN¥13.20CN¥9.945
Aug ’24CN¥15.11
CN¥16.51
+9.3%
12.6%CN¥18.90CN¥13.20CN¥10.705
Jul ’24CN¥14.05
CN¥16.51
+17.5%
12.6%CN¥18.90CN¥13.20CN¥10.865
Jun ’24CN¥14.89
CN¥16.51
+10.9%
12.6%CN¥18.90CN¥13.20CN¥11.505
May ’24CN¥16.15
CN¥16.59
+2.7%
11.8%CN¥18.90CN¥13.60CN¥11.905
Apr ’24CN¥14.02
CN¥15.52
+10.7%
7.0%CN¥16.80CN¥13.60CN¥12.475
Mar ’24CN¥12.37
CN¥15.52
+25.4%
7.0%CN¥16.80CN¥13.60CN¥12.325
Feb ’24CN¥13.06
CN¥15.52
+18.8%
7.0%CN¥16.80CN¥13.60CN¥11.245
Jan ’24CN¥13.60
CN¥14.06
+3.4%
19.2%CN¥17.00CN¥10.00CN¥12.245
Dec ’23CN¥13.49
CN¥11.79
-12.6%
18.6%CN¥15.30CN¥9.00CN¥12.695
Nov ’23CN¥10.99
CN¥10.92
-0.7%
13.6%CN¥12.70CN¥9.00CN¥12.014

Analyst Forecast: Target price is lower than the current share price.

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