New DaZheng Property Group Co., LTD

SZSE:002968 Stock Report

Market Cap: CN¥2.1b

New DaZheng Property Group Valuation

Is 002968 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 002968 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002968 (CN¥9.42) is trading below our estimate of fair value (CN¥29.44)

Significantly Below Fair Value: 002968 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002968?

Key metric: As 002968 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002968. This is calculated by dividing 002968's market cap by their current earnings.
What is 002968's PE Ratio?
PE Ratio15.1x
EarningsCN¥140.94m
Market CapCN¥2.13b

Price to Earnings Ratio vs Peers

How does 002968's PE Ratio compare to its peers?

The above table shows the PE ratio for 002968 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.7x
300947 Shanghai DOBE Cultural & Creative Industry Development (Group)Co
86.1xn/aCN¥2.4b
603682 Shanghai Golden Union Commercial ManagementLtd
51.4xn/aCN¥2.1b
603506 Nacity Property Service GroupLtd
12.7x11.6%CN¥1.7b
300917 Shenzhen SDG ServiceLtd
80.5xn/aCN¥9.5b
002968 New DaZheng Property Group
15.1x15.8%CN¥2.1b

Price-To-Earnings vs Peers: 002968 is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (57.7x).

Price to Earnings Ratio vs Industry

How does 002968'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
002968 15.1xIndustry Avg. 49.3xNo. of Companies6PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002968 is good value based on its Price-To-Earnings Ratio (15.1x) compared to the CN Real Estate industry average (49.3x).

Price to Earnings Ratio vs Fair Ratio

What is 002968'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.

002968 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.1x
Fair PE Ratio16.6x

Price-To-Earnings vs Fair Ratio: 002968 is good value based on its Price-To-Earnings Ratio (15.1x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

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 002968 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥9.42
CN¥10.06
+6.8%
4.8%CN¥10.67CN¥9.50n/a3
Nov ’25CN¥10.02
CN¥10.06
+0.4%
4.8%CN¥10.67CN¥9.50n/a3
Oct ’25CN¥11.11
CN¥9.54
-14.1%
3.8%CN¥10.00CN¥9.12n/a3
Sep ’25CN¥8.40
CN¥9.31
+10.8%
2.0%CN¥9.50CN¥9.12n/a2
Aug ’25CN¥8.68
CN¥10.15
+16.9%
6.4%CN¥10.80CN¥9.50n/a2
Jul ’25CN¥9.28
CN¥10.15
+9.4%
6.4%CN¥10.80CN¥9.50n/a2
Jun ’25CN¥10.50
CN¥10.15
-3.3%
6.4%CN¥10.80CN¥9.50n/a2
May ’25CN¥9.06
CN¥10.15
+12.0%
6.4%CN¥10.80CN¥9.50n/a2
Apr ’25CN¥10.07
CN¥12.57
+24.8%
16.4%CN¥14.63CN¥10.50n/a2
Mar ’25CN¥9.07
CN¥14.38
+58.5%
21.3%CN¥18.00CN¥10.50n/a3
Feb ’25CN¥9.87
CN¥14.38
+45.7%
21.3%CN¥18.00CN¥10.50n/a3
Jan ’25CN¥12.51
CN¥15.31
+22.4%
12.9%CN¥18.00CN¥13.30n/a3
Dec ’24CN¥13.35
CN¥15.31
+14.7%
12.9%CN¥18.00CN¥13.30n/a3
Nov ’24CN¥13.11
CN¥15.31
+16.8%
12.9%CN¥18.00CN¥13.30CN¥10.023
Oct ’24CN¥13.34
CN¥17.20
+28.9%
9.6%CN¥18.70CN¥14.90CN¥11.113
Sep ’24CN¥14.63
CN¥19.65
+34.3%
22.8%CN¥27.00CN¥14.90CN¥8.404
Aug ’24CN¥17.50
CN¥23.86
+36.4%
17.4%CN¥27.30CN¥17.00CN¥8.684
Jul ’24CN¥15.11
CN¥24.39
+61.4%
13.5%CN¥27.30CN¥19.10CN¥9.284
Jun ’24CN¥17.26
CN¥25.44
+47.4%
6.8%CN¥27.30CN¥23.30CN¥10.504
May ’24CN¥19.00
CN¥25.44
+33.9%
6.8%CN¥27.30CN¥23.30CN¥9.064
Apr ’24CN¥22.66
CN¥26.83
+18.4%
2.5%CN¥27.30CN¥25.70CN¥10.074
Mar ’24CN¥25.00
CN¥32.88
+31.5%
4.0%CN¥34.00CN¥31.05CN¥9.073
Feb ’24CN¥24.28
CN¥32.33
+33.1%
3.9%CN¥33.60CN¥31.05CN¥9.872
Jan ’24CN¥21.79
CN¥26.70
+22.5%
1.1%CN¥27.00CN¥26.39CN¥12.512
Dec ’23CN¥22.19
CN¥26.70
+20.3%
1.1%CN¥27.00CN¥26.39CN¥13.352
Nov ’23CN¥19.84
CN¥26.70
+34.6%
1.1%CN¥27.00CN¥26.39CN¥13.112

Analyst Forecast: Target price is less than 20% higher than the current share price.

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