RiseSun Real Estate DevelopmentLtd Valuation

Is 002146 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 002146 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 002146's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 002146's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002146?

Key metric: As 002146 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002146. This is calculated by dividing 002146's market cap by their current revenue.
What is 002146's PS Ratio?
PS Ratio	0.2x
Sales	CN¥53.80b
Market Cap	CN¥8.70b

002146 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	1x
Enterprise Value/EBITDA	12.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002146's PS Ratio compare to its peers?

The above table shows the PS ratio for 002146 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	1.1x
600094 Greattown Holdings	1.6x	n/a	CN¥8.2b
002208 Hefei Urban Construction Development	0.8x	n/a	CN¥6.9b
000517 Rongan PropertyLtd	0.3x	n/a	CN¥7.6b
000006 Shenzhen Zhenye (Group)Ltd	1.6x	n/a	CN¥10.9b
002146 RiseSun Real Estate DevelopmentLtd	0.2x	n/a	CN¥8.5b

Price-To-Sales vs Peers: 002146 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does 002146's PS Ratio compare vs other companies in the CN Real Estate Industry?

33 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.3x	1.0%
002146 RiseSun Real Estate DevelopmentLtd	0.2x	n/a	US$1.17b
600048 Poly Developments and Holdings Group	0.4x	-2.4%	US$16.39b
000002 China Vanke	0.3x	-11.1%	US$13.04b

33 Companies		Estimated Growth	Market Cap
Industry Avg.	2.3x	38.7%
002146 RiseSun Real Estate DevelopmentLtd	0.2x	n/a	US$1.17b

No more companies

Price-To-Sales vs Industry: 002146 is good value based on its Price-To-Sales Ratio (0.2x) compared to the CN Real Estate industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 002146'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.

002146 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002146'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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