Shenzhen Zhenye (Group)Ltd Valuation

Is 000006 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 000006 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000006 (CN¥8.14) is trading above our estimate of fair value (CN¥0.49)

Significantly Below Fair Value: 000006 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000006?

Key metric: As 000006 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 000006. This is calculated by dividing 000006's market cap by their current revenue.
What is 000006's PS Ratio?
PS Ratio	1.6x
Sales	CN¥6.81b
Market Cap	CN¥10.99b

000006 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	2.3x
Enterprise Value/EBITDA	-42.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 000006's PS Ratio compare to its peers?

The above table shows the PS ratio for 000006 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	0.4x
000517 Rongan PropertyLtd	0.3x	n/a	CN¥7.6b
002208 Hefei Urban Construction Development	0.9x	n/a	CN¥7.9b
002146 RiseSun Real Estate DevelopmentLtd	0.2x	n/a	CN¥8.8b
000736 CCCG Real Estate	0.2x	n/a	CN¥7.5b
000006 Shenzhen Zhenye (Group)Ltd	1.6x	n/a	CN¥11.0b

Price-To-Sales vs Peers: 000006 is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does 000006's PS Ratio compare vs other companies in the CN Real Estate Industry?

32 Companies	Price / Sales	Estimated Growth	Market Cap
600048 Poly Developments and Holdings Group	0.3x	-2.6%	US$15.93b
000002 China Vanke	0.3x	-10.4%	US$12.96b
600606 Greenland Holdings	0.1x	-16.9%	US$4.34b
601155 Seazen Holdings	0.3x	-16.9%	US$4.05b

32 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 000006 is good value based on its Price-To-Sales Ratio (1.6x) compared to the CN Real Estate industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 000006'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.

000006 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 000006'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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