China Fortune Land Development Valuation

Is 600340 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 600340 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 600340's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 600340's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600340?

Key metric: As 600340 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600340. This is calculated by dividing 600340's market cap by their current revenue.
What is 600340's PS Ratio?
PS Ratio	0.4x
Sales	CN¥32.03b
Market Cap	CN¥11.33b

600340 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	5.9x
Enterprise Value/EBITDA	-53.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600340's PS Ratio compare to its peers?

The above table shows the PS ratio for 600340 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	10.4x
600773 Tibet Urban Development and InvestmentLTD	10.3x	n/a	CN¥12.0b
002077 Jiangsu Dagang	24.3x	n/a	CN¥9.1b
600185 Gree Real EstateLtd	3.2x	n/a	CN¥14.4b
600639 Shanghai Jinqiao Export Processing Zone DevelopmentLtd	3.9x	n/a	CN¥11.2b
600340 China Fortune Land Development	0.4x	n/a	CN¥11.3b

Price-To-Sales vs Peers: 600340 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (10.4x).

Price to Sales Ratio vs Industry

How does 600340's PS Ratio compare vs other companies in the CN Real Estate Industry?

33 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.4x	1.1%
600340 China Fortune Land Development	0.4x	n/a	US$1.56b
600048 Poly Developments and Holdings Group	0.4x	-2.4%	US$16.42b
000002 China Vanke	0.3x	-10.8%	US$13.04b

33 Companies		Estimated Growth	Market Cap
Industry Avg.	2.4x	38.9%
600340 China Fortune Land Development	0.4x	n/a	US$1.56b

No more companies

Price-To-Sales vs Industry: 600340 is good value based on its Price-To-Sales Ratio (0.4x) compared to the CN Real Estate industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 600340'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.

600340 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600340'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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