Chongqing Taiji Industry(Group)Ltd Valuation

Q: What is the Fair Price of 600129 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600129 (CN¥24.6) is trading below our estimate of [[fair value]] (CN¥90.48)

Is 600129 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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 600129 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600129 (CN¥24.6) is trading below our estimate of fair value (CN¥90.48)

Significantly Below Fair Value: 600129 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600129?

Key metric: As 600129 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600129. This is calculated by dividing 600129's market cap by their current earnings.
What is 600129's PE Ratio?
PE Ratio	22.5x
Earnings	CN¥609.10m
Market Cap	CN¥13.70b

600129 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	1.3x
Enterprise Value/EBITDA	15.2x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does 600129's PE Ratio compare to its peers?

The above table shows the PE ratio for 600129 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	30.4x
603456 Zhejiang Jiuzhou Pharmaceutical	19.2x	20.2%	CN¥13.4b
688166 BrightGene Bio-Medical Technology	68.1x	34.8%	CN¥12.8b
002287 Tibet Cheezheng Tibetan Medicine	19.8x	n/a	CN¥11.7b
002773 Chengdu Kanghong Pharmaceutical Group	14.7x	13.4%	CN¥17.5b
600129 Chongqing Taiji Industry(Group)Ltd	22.5x	31.0%	CN¥13.7b

Price-To-Earnings vs Peers: 600129 is good value based on its Price-To-Earnings Ratio (22.5x) compared to the peer average (30.4x).

Price to Earnings Ratio vs Industry

How does 600129's PE Ratio compare vs other companies in the CN Pharmaceuticals Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600129 is good value based on its Price-To-Earnings Ratio (22.5x) compared to the CN Pharmaceuticals industry average (31.1x).

Price to Earnings Ratio vs Fair Ratio

What is 600129'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.

600129 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	22.5x
Fair PE Ratio	32.5x

Price-To-Earnings vs Fair Ratio: 600129 is good value based on its Price-To-Earnings Ratio (22.5x) compared to the estimated Fair Price-To-Earnings Ratio (32.5x).

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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