Quzhou Xin'an Development Valuation

Q: What is the Fair Price of 600208 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600208 (CN¥3.01) is trading above our estimate of [[fair value]] (CN¥0.04)

Is 600208 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 600208 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600208 (CN¥3.01) is trading above our estimate of fair value (CN¥0.04)

Significantly Below Fair Value: 600208 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600208?

Key metric: As 600208 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600208. This is calculated by dividing 600208's market cap by their current earnings.
What is 600208's PE Ratio?
PE Ratio	15.4x
Earnings	CN¥1.66b
Market Cap	CN¥25.61b

600208 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	2x
Enterprise Value/EBITDA	8.4x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

How does 600208's PE Ratio compare to its peers?

The above table shows the PE ratio for 600208 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	79.4x
000628 ChengDu Hi-Tech Development	88.5x	n/a	CN¥20.2b
600515 Hainan Airport Infrastructure	116.4x	37.0%	CN¥43.8b
600603 Guanghui LogisticsLtd	45x	n/a	CN¥16.2b
600895 Shanghai Zhangjiang Hi-Tech Park Development	67.6x	15.0%	CN¥46.0b
600208 Quzhou Xin'an Development	15.4x	18.2%	CN¥25.6b

Price-To-Earnings vs Peers: 600208 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (78.1x).

Price to Earnings Ratio vs Industry

How does 600208's PE Ratio compare vs other companies in the CN Real Estate Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
002147 Neoglory prosperity	1x	n/a	US$100.99m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600208 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the CN Real Estate industry average (48.7x).

Price to Earnings Ratio vs Fair Ratio

What is 600208'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.

600208 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.4x
Fair PE Ratio	26.3x

Price-To-Earnings vs Fair Ratio: 600208 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (26.3x).

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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