H&R Century Union Valuation

Q: What is the Fair Price of 000892 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

000892 (CN¥3.57) is trading above our estimate of [[fair value]] (CN¥0.01)

Is 000892 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 000892 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000892 (CN¥3.57) is trading above our estimate of fair value (CN¥0.01)

Significantly Below Fair Value: 000892 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000892?

Key metric: As 000892 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 000892. This is calculated by dividing 000892's market cap by their current revenue.
What is 000892's PS Ratio?
PS Ratio	18.2x
Sales	CN¥190.55m
Market Cap	CN¥3.47b

000892 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	16x
Enterprise Value/EBITDA	-11x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 000892's PS Ratio compare to its peers?

The above table shows the PS ratio for 000892 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	25.6x
002343 Ciwen MediaLtd	57.2x	45.0%	CN¥4.1b
600715 Cultural Investment HoldingsLtd	9.3x	n/a	CN¥4.3b
300426 Zhejiang Talent Television and Film	24.1x	n/a	CN¥4.1b
603721 TVZone Media	11.9x	n/a	CN¥3.4b
000892 H&R Century Union	18.2x	n/a	CN¥3.5b

Price-To-Sales vs Peers: 000892 is good value based on its Price-To-Sales Ratio (18.2x) compared to the peer average (25.6x).

Price to Sales Ratio vs Industry

How does 000892's PS Ratio compare vs other companies in the CN Entertainment Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
002502 Dinglong CultureLtd	0.9x	n/a	US$82.97m
000673 Lead Eastern InvestmentLtd	1.2x	n/a	US$29.46m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 000892 is expensive based on its Price-To-Sales Ratio (18.2x) compared to the CN Entertainment industry average (6.7x).

Price to Sales Ratio vs Fair Ratio

What is 000892'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.

000892 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	18.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 000892'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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