Kingnet Network Co., Ltd.

SZSE:002517 Stock Report

Market Cap: CN¥27.9b

Kingnet Network Valuation

Is 002517 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 002517 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002517 (CN¥12.88) is trading below our estimate of fair value (CN¥18.69)

Significantly Below Fair Value: 002517 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002517?

Key metric: As 002517 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002517. This is calculated by dividing 002517's market cap by their current earnings.
What is 002517's PE Ratio?
PE Ratio16.5x
EarningsCN¥1.66b
Market CapCN¥27.92b

Price to Earnings Ratio vs Peers

How does 002517's PE Ratio compare to its peers?

The above table shows the PE ratio for 002517 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.1x
002558 Giant Network Group
21.4x23.2%CN¥23.1b
002602 Zhejiang Century Huatong GroupLtd
35.5x47.1%CN¥31.4b
002555 37 Interactive Entertainment Network Technology Group
14.8x14.8%CN¥35.4b
300113 Hangzhou Shunwang Technology CoLtd
44.8x15.5%CN¥9.9b
002517 Kingnet Network
16.5x18.2%CN¥27.9b

Price-To-Earnings vs Peers: 002517 is good value based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (29.1x).

Price to Earnings Ratio vs Industry

How does 002517's PE Ratio compare vs other companies in the CN Entertainment Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
600136 Wuhan Ddmc Culture&SportsLtd
0.8xn/aUS$557.80m
No more companies available in this PE range
002517 16.5xIndustry Avg. 48.2xNo. of Companies3PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002517 is good value based on its Price-To-Earnings Ratio (16.5x) compared to the CN Entertainment industry average (48.2x).

Price to Earnings Ratio vs Fair Ratio

What is 002517'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.

002517 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.5x
Fair PE Ratio28.8x

Price-To-Earnings vs Fair Ratio: 002517 is good value based on its Price-To-Earnings Ratio (16.5x) compared to the estimated Fair Price-To-Earnings Ratio (28.8x).

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 002517 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥12.88
CN¥18.07
+40.3%
12.1%CN¥22.47CN¥16.00n/a6
Nov ’25CN¥13.27
CN¥14.81
+11.6%
19.2%CN¥18.76CN¥11.00n/a6
Oct ’25CN¥11.89
CN¥11.77
-1.0%
4.9%CN¥12.60CN¥11.00n/a5
Sep ’25CN¥9.28
CN¥11.77
+26.8%
4.9%CN¥12.60CN¥11.00n/a5
Aug ’25CN¥9.27
CN¥15.65
+68.9%
10.8%CN¥19.00CN¥14.50n/a5
Jul ’25CN¥9.63
CN¥15.65
+62.6%
10.8%CN¥19.00CN¥14.50n/a5
Jun ’25CN¥10.88
CN¥16.19
+48.8%
10.4%CN¥19.00CN¥14.50n/a6
May ’25CN¥11.79
CN¥16.79
+42.4%
10.8%CN¥20.00CN¥14.50n/a6
Apr ’25CN¥11.64
CN¥16.84
+44.7%
12.3%CN¥20.00CN¥14.50n/a5
Mar ’25CN¥12.45
CN¥16.84
+35.3%
12.3%CN¥20.00CN¥14.50n/a5
Feb ’25CN¥9.96
CN¥16.84
+69.1%
12.3%CN¥20.00CN¥14.50n/a5
Jan ’25CN¥11.17
CN¥17.14
+53.4%
10.8%CN¥20.00CN¥14.40n/a5
Dec ’24CN¥12.34
CN¥17.65
+43.0%
11.5%CN¥20.18CN¥14.40n/a6
Nov ’24CN¥10.85
CN¥17.65
+62.6%
11.5%CN¥20.18CN¥14.40CN¥13.276
Oct ’24CN¥12.60
CN¥18.70
+48.4%
7.1%CN¥20.18CN¥16.30CN¥11.897
Sep ’24CN¥14.50
CN¥19.95
+37.6%
6.4%CN¥21.60CN¥18.00CN¥9.284
Aug ’24CN¥14.92
CN¥20.57
+37.8%
3.0%CN¥21.60CN¥20.00CN¥9.274
Jul ’24CN¥15.74
CN¥20.57
+30.7%
3.0%CN¥21.60CN¥20.00CN¥9.634
Jun ’24CN¥18.30
CN¥20.04
+9.5%
1.8%CN¥20.48CN¥19.50CN¥10.884
May ’24CN¥16.68
CN¥14.71
-11.8%
39.2%CN¥20.48CN¥7.30CN¥11.794
Apr ’24CN¥12.11
CN¥9.74
-19.6%
16.8%CN¥11.52CN¥7.30CN¥11.644
Mar ’24CN¥9.17
CN¥9.14
-0.3%
16.0%CN¥10.88CN¥7.30CN¥12.453
Feb ’24CN¥8.08
CN¥9.14
+13.2%
16.0%CN¥10.88CN¥7.30CN¥9.963
Jan ’24CN¥6.56
CN¥8.58
+30.7%
10.5%CN¥9.25CN¥7.30CN¥11.173
Dec ’23CN¥7.08
CN¥8.58
+21.1%
10.5%CN¥9.25CN¥7.30CN¥12.343
Nov ’23CN¥5.95
CN¥8.58
+44.1%
10.5%CN¥9.25CN¥7.30CN¥10.853

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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