Red Star Macalline Group Valuation

Is 601828 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-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 601828 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 601828's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 601828's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601828?

Key metric: As 601828 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 601828. This is calculated by dividing 601828's market cap by their current revenue.
What is 601828's PS Ratio?
PS Ratio	0.9x
Sales	CN¥8.94b
Market Cap	CN¥14.41b

601828 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	4.9x
Enterprise Value/EBITDA	37.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 601828's PS Ratio compare to its peers?

The above table shows the PS ratio for 601828 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	4.5x
002344 Haining China Leather MarketLtd	5.1x	9.9%	CN¥6.2b
000058 Shenzhen SEGLtd	6.3x	n/a	CN¥9.7b
600007 China World Trade Center	5.8x	-1.2%	CN¥22.7b
001914 China Merchants Property Operation & Service	0.7x	12.5%	CN¥11.5b
601828 Red Star Macalline Group	0.9x	1.6%	CN¥15.5b

Price-To-Sales vs Peers: 601828 is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (4.5x).

Price to Sales Ratio vs Industry

How does 601828's PS Ratio compare vs other companies in the CN Real Estate Industry?

32 Companies	Price / Sales	Estimated Growth	Market Cap
600048 Poly Developments and Holdings Group	0.4x	-2.4%	US$16.42b
000002 China Vanke	0.3x	-10.8%	US$13.04b
600606 Greenland Holdings	0.1x	-16.9%	US$4.44b
601155 Seazen Holdings	0.3x	-16.9%	US$4.15b

32 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 601828 is good value based on its Price-To-Sales Ratio (0.9x) compared to the CN Real Estate industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 601828'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.

601828 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	2.6x

Price-To-Sales vs Fair Ratio: 601828 is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (2.6x).

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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