Haining China Leather Market Co.,Ltd

SZSE:002344 Stock Report

Market Cap: CN¥6.7b

Haining China Leather MarketLtd Valuation

Is 002344 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-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 002344 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002344 (CN¥5.24) is trading above our estimate of fair value (CN¥2.05)

Significantly Below Fair Value: 002344 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002344?

Key metric: As 002344 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002344. This is calculated by dividing 002344's market cap by their current earnings.
What is 002344's PE Ratio?
PE Ratio58.2x
EarningsCN¥115.39m
Market CapCN¥6.72b

Price to Earnings Ratio vs Peers

How does 002344's PE Ratio compare to its peers?

The above table shows the PE ratio for 002344 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average60.5x
300917 Shenzhen SDG ServiceLtd
85.7xn/aCN¥10.1b
603682 Shanghai Golden Union Commercial ManagementLtd
51xn/aCN¥2.1b
300947 Shanghai DOBE Cultural & Creative Industry Development (Group)Co
89.9xn/aCN¥2.5b
001914 China Merchants Property Operation & Service
15.5x13.8%CN¥11.8b
002344 Haining China Leather MarketLtd
58.2x22.1%CN¥6.7b

Price-To-Earnings vs Peers: 002344 is good value based on its Price-To-Earnings Ratio (58.2x) compared to the peer average (60.5x).

Price to Earnings Ratio vs Industry

How does 002344's PE Ratio compare vs other companies in the CN Real Estate Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002147 Neoglory prosperity
1xn/aUS$100.99m
No more companies available in this PE range
002344 58.2xIndustry Avg. 49.3xNo. of Companies9PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002344 is expensive based on its Price-To-Earnings Ratio (58.2x) compared to the CN Real Estate industry average (48.7x).

Price to Earnings Ratio vs Fair Ratio

What is 002344'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.

002344 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio58.2x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: 002344 is expensive based on its Price-To-Earnings Ratio (58.2x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

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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