Hangzhou Binjiang Real Estate Group Co.,Ltd

SZSE:002244 Stock Report

Market Cap: CN¥21.4b

Hangzhou Binjiang Real Estate GroupLtd Valuation

Is 2244 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 2244 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002244 (CN¥6.88) is trading above our estimate of fair value (CN¥3.15)

Significantly Below Fair Value: 002244 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2244?

Other financial metrics that can be useful for relative valuation.

2244 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/Revenue1.4x
Enterprise Value/EBITDA12.4x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 2244's PE Ratio compare to its peers?

The above table shows the PE ratio for 2244 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.3x
600325 Zhuhai Huafa PropertiesLtd
7.6x14.2%CN¥19.9b
600383 Gemdale
20.2x58.7%CN¥17.9b
600848 Shanghai Lingang HoldingsLtd
25.9x19.5%CN¥25.7b
600641 Shanghai Wanye EnterprisesLtd
23.4x-3.3%CN¥12.5b
002244 Hangzhou Binjiang Real Estate GroupLtd
5.1x12.9%CN¥21.4b

Price-To-Earnings vs Peers: 002244 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (19.3x).


Price to Earnings Ratio vs Industry

How does 2244's PE Ratio compare vs other companies in the CN Real Estate Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 002244 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the CN Real Estate industry average (20.1x).


Price to Earnings Ratio vs Fair Ratio

What is 2244'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.

2244 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: 002244 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the estimated Fair Price-To-Earnings Ratio (15x).


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 2244 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥6.88
CN¥10.78
+56.7%
18.4%CN¥13.00CN¥7.80n/a5
Mar ’25CN¥7.25
CN¥11.14
+53.7%
16.3%CN¥13.00CN¥7.80n/a5
Feb ’25CN¥6.77
CN¥11.32
+67.2%
16.6%CN¥13.00CN¥7.80n/a5
Jan ’25CN¥7.27
CN¥12.90
+77.4%
4.5%CN¥13.80CN¥12.28n/a4
Dec ’24CN¥7.74
CN¥13.32
+72.1%
7.4%CN¥15.00CN¥12.28n/a5
Nov ’24CN¥8.26
CN¥13.32
+61.2%
7.4%CN¥15.00CN¥12.28n/a5
Oct ’24CN¥9.59
CN¥14.02
+46.2%
5.0%CN¥15.00CN¥13.00n/a5
Sep ’24CN¥10.67
CN¥14.02
+31.4%
5.0%CN¥15.00CN¥13.00n/a5
Aug ’24CN¥10.77
CN¥13.49
+25.3%
6.9%CN¥15.00CN¥12.17n/a5
Jul ’24CN¥8.82
CN¥13.33
+51.1%
6.9%CN¥15.00CN¥12.17n/a6
Jun ’24CN¥8.38
CN¥13.33
+59.0%
6.9%CN¥15.00CN¥12.17n/a6
May ’24CN¥9.22
CN¥13.33
+44.5%
6.9%CN¥15.00CN¥12.17n/a6
Apr ’24CN¥9.15
CN¥13.68
+49.5%
6.2%CN¥15.00CN¥12.51n/a5
Mar ’24CN¥10.33
CN¥13.68
+32.4%
6.2%CN¥15.00CN¥12.51CN¥7.255
Feb ’24CN¥10.50
CN¥13.68
+30.3%
6.2%CN¥15.00CN¥12.51CN¥6.775
Jan ’24CN¥8.83
CN¥13.73
+55.4%
6.9%CN¥15.00CN¥12.51CN¥7.274
Dec ’23CN¥10.76
CN¥14.13
+31.3%
5.1%CN¥15.00CN¥13.23CN¥7.743
Nov ’23CN¥9.19
CN¥14.13
+53.8%
5.1%CN¥15.00CN¥13.23CN¥8.263
Oct ’23CN¥10.47
CN¥13.12
+25.3%
7.9%CN¥14.16CN¥12.08CN¥9.592
Sep ’23CN¥9.71
CN¥11.94
+23.0%
1.2%CN¥12.08CN¥11.80CN¥10.672
Aug ’23CN¥9.40
CN¥11.65
+23.9%
1.3%CN¥11.80CN¥11.50CN¥10.772
Jul ’23CN¥8.61
CN¥10.35
+20.2%
11.1%CN¥11.50CN¥9.20CN¥8.822
Jun ’23CN¥7.99
CN¥10.35
+29.5%
11.1%CN¥11.50CN¥9.20CN¥8.382
May ’23CN¥8.24
CN¥10.35
+25.6%
11.1%CN¥11.50CN¥9.20CN¥9.222
Apr ’23CN¥7.07
CN¥6.75
-4.5%
1.9%CN¥6.88CN¥6.62CN¥9.152
Mar ’23CN¥6.25
CN¥6.75
+8.0%
1.9%CN¥6.88CN¥6.62CN¥10.332

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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