CanSino Biologics Valuation

Q: What is the Fair Price of 688185 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688185 (CN¥63.88) is trading below our estimate of [[fair value]] (CN¥597.27)

Is 688185 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 688185 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688185 (CN¥63.88) is trading below our estimate of fair value (CN¥597.27)

Significantly Below Fair Value: 688185 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688185?

Key metric: As 688185 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 688185. This is calculated by dividing 688185's market cap by their current revenue.
What is 688185's PS Ratio?
PS Ratio	8.3x
Sales	CN¥748.53m
Market Cap	CN¥10.65b

688185 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	-11.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 688185's PS Ratio compare to its peers?

The above table shows the PS ratio for 688185 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	6.9x
688298 Zhejiang Orient Gene Biotech	7.4x	n/a	CN¥6.1b
002030 Daan Gene	9.7x	n/a	CN¥9.0b
688105 Nanjing Vazyme Biotech	6.8x	23.7%	CN¥9.5b
002675 Yantai Dongcheng Pharmaceutical GroupLtd	3.7x	13.1%	CN¥10.6b
688185 CanSino Biologics	8.3x	33.3%	CN¥11.5b

Price-To-Sales vs Peers: 688185 is expensive based on its Price-To-Sales Ratio (8.3x) compared to the peer average (6.9x).

Price to Sales Ratio vs Industry

How does 688185's PS Ratio compare vs other companies in the CN Biotechs Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
603716 Thalys Medical Technology Group	1x	n/a	US$256.62m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 688185 is expensive based on its Price-To-Sales Ratio (8.3x) compared to the CN Biotechs industry average (7.6x).

Price to Sales Ratio vs Fair Ratio

What is 688185'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.

688185 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	8.3x
Fair PS Ratio	6.2x

Price-To-Sales vs Fair Ratio: 688185 is expensive based on its Price-To-Sales Ratio (8.3x) compared to the estimated Fair Price-To-Sales Ratio (6.2x).

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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