Shanghai Lingang HoldingsLtd Valuation

Q: What is the Fair Price of 600848 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600848 (CN¥10.5) is trading above our estimate of [[fair value]] (CN¥2.92)

Is 600848 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 600848 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600848 (CN¥10.5) is trading above our estimate of fair value (CN¥2.92)

Significantly Below Fair Value: 600848 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600848?

Key metric: As 600848 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600848. This is calculated by dividing 600848's market cap by their current earnings.
What is 600848's PE Ratio?
PE Ratio	28.5x
Earnings	CN¥929.40m
Market Cap	CN¥25.73b

600848 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	8.5x
Enterprise Value/EBITDA	21.3x
PEG Ratio	2.1x

Price to Earnings Ratio vs Peers

How does 600848's PE Ratio compare to its peers?

The above table shows the PE ratio for 600848 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	20x
600325 Zhuhai Huafa PropertiesLtd	18.8x	21.3%	CN¥18.2b
002244 Hangzhou Binjiang Real Estate GroupLtd	17x	23.6%	CN¥29.0b
600177 Youngor Fashion	11.2x	n/a	CN¥36.2b
600266 Beijing Urban Construction Investment & Development	33.1x	28.7%	CN¥11.6b
600848 Shanghai Lingang HoldingsLtd	28.5x	13.6%	CN¥25.7b

Price-To-Earnings vs Peers: 600848 is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (19.9x).

Price to Earnings Ratio vs Industry

How does 600848'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: 600848 is good value based on its Price-To-Earnings Ratio (28.5x) compared to the CN Real Estate industry average (46.5x).

Price to Earnings Ratio vs Fair Ratio

What is 600848'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.

600848 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	28.5x
Fair PE Ratio	25.3x

Price-To-Earnings vs Fair Ratio: 600848 is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the estimated Fair Price-To-Earnings Ratio (25.3x).

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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