Tonghua Golden-Horse Pharmaceutical Industry CoLtd Valuation

Q: What is the Fair Price of 000766 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

000766 (CN¥14.44) is trading above our estimate of [[fair value]] (CN¥4.92)

Is 000766 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 000766 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000766 (CN¥14.44) is trading above our estimate of fair value (CN¥4.92)

Significantly Below Fair Value: 000766 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000766?

Key metric: As 000766 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 000766. This is calculated by dividing 000766's market cap by their current revenue.
What is 000766's PS Ratio?
PS Ratio	9.3x
Sales	CN¥1.50b
Market Cap	CN¥13.96b

000766 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	10.3x
Enterprise Value/EBITDA	78.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 000766's PS Ratio compare to its peers?

The above table shows the PS ratio for 000766 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	4.4x
603456 Zhejiang Jiuzhou Pharmaceutical	2.7x	12.0%	CN¥13.1b
600129 Chongqing Taiji Industry(Group)Ltd	1x	12.6%	CN¥14.2b
688166 BrightGene Bio-Medical Technology	10.7x	26.5%	CN¥13.3b
600750 Jiang Zhong PharmaceuticalLtd	3x	10.3%	CN¥12.6b
000766 Tonghua Golden-Horse Pharmaceutical Industry CoLtd	9.3x	n/a	CN¥14.0b

Price-To-Sales vs Peers: 000766 is expensive based on its Price-To-Sales Ratio (9.3x) compared to the peer average (4.4x).

Price to Sales Ratio vs Industry

How does 000766's PS Ratio compare vs other companies in the CN Pharmaceuticals Industry?

5 Companies	Price / Sales	Estimated Growth	Market Cap
600664 Harbin Pharmaceutical Group	0.6x	n/a	US$1.32b
000411 Zhejiang Int'l GroupLtd	0.2x	n/a	US$801.61m
600781 FUREN Group PharmaceuticalLtd	0.3x	n/a	US$66.91m
002435 Changjiang Runfa Health Industry	0.2x	n/a	US$63.75m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 000766 is expensive based on its Price-To-Sales Ratio (9.3x) compared to the CN Pharmaceuticals industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is 000766'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.

000766 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	9.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 000766'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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