Guizhou BC&TV Information NetworkLTD Valuation

Q: What is the Fair Price of 600996 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600996 (CN¥9.28) is trading above our estimate of [[fair value]] (CN¥0.33)

Is 600996 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-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 600996 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600996 (CN¥9.28) is trading above our estimate of fair value (CN¥0.33)

Significantly Below Fair Value: 600996 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600996?

Key metric: As 600996 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600996. This is calculated by dividing 600996's market cap by their current revenue.
What is 600996's PS Ratio?
PS Ratio	8x
Sales	CN¥1.41b
Market Cap	CN¥11.24b

600996 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	12.6x
Enterprise Value/EBITDA	-21.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600996's PS Ratio compare to its peers?

The above table shows the PS ratio for 600996 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	3.7x
600037 Beijing Gehua Catv NetworkLtd	4.3x	7.7%	CN¥10.2b
002238 Shenzhen Topway Video Communication	5x	n/a	CN¥7.3b
000156 Wasu Media HoldingLtd	1.6x	n/a	CN¥14.7b
000839 CITIC Guoan Information Industry	3.9x	n/a	CN¥13.2b
600996 Guizhou BC&TV Information NetworkLTD	8x	n/a	CN¥11.2b

Price-To-Sales vs Peers: 600996 is expensive based on its Price-To-Sales Ratio (8x) compared to the peer average (3.7x).

Price to Sales Ratio vs Industry

How does 600996's PS Ratio compare vs other companies in the CN Media Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
300058 BlueFocus Intelligent Communications Group	0.4x	13.1%	US$3.13b
002115 Sunwave CommunicationsLtd	0.4x	n/a	US$645.00m
002712 Simei MediaLtd	0.5x	n/a	US$416.93m
000038 Shenzhen Capstone IndustrialLtd	0.1x	n/a	US$37.89m

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 600996 is expensive based on its Price-To-Sales Ratio (8x) compared to the CN Media industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

What is 600996'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.

600996 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600996'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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