We’ve recently updated our valuation analysis.

China Vanke Valuation

Is 2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2?

Other financial metrics that can be useful for relative valuation.

2 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/Revenue1.1x
Enterprise Value/EBITDA9.7x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does 2's PE Ratio compare to its peers?

The above table shows the PE ratio for 2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.9x
600048 Poly Developments and Holdings Group
10.2x25.2%CN¥186.6b
001979 China Merchants Shekou Industrial Zone Holdings
18.3x39.0%CN¥111.6b
601155 Seazen Holdings
4.7x5.9%CN¥47.1b
600606 Greenland Holdings
22.4x22.5%CN¥44.0b
000002 China Vanke
9.2x5.9%CN¥202.2b

Price-To-Earnings vs Peers: 000002 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (13.9x).


Price to Earnings Ratio vs Industry

How does 2's PE Ratio compare vs other companies in the CN Real Estate Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.7%
n/an/an/a

Price-To-Earnings vs Industry: 000002 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the CN Real Estate industry average (23.2x)


Price to Earnings Ratio vs Fair Ratio

What is 2'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.

2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: 000002 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).


Share Price vs Fair Value

What is the Fair Price of 2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000002 (CN¥18.19) is trading below our estimate of fair value (CN¥42.86)

Significantly Below Fair Value: 000002 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥18.19
CN¥21.55
+18.5%
19.2%CN¥31.36CN¥15.10n/a18
Jan ’24CN¥18.20
CN¥21.23
+16.6%
20.0%CN¥31.36CN¥15.10n/a18
Dec ’23CN¥19.00
CN¥20.60
+8.4%
21.7%CN¥31.36CN¥14.25n/a17
Nov ’23CN¥13.86
CN¥21.18
+52.8%
22.1%CN¥31.36CN¥13.40n/a18
Oct ’23CN¥17.83
CN¥22.35
+25.3%
17.2%CN¥31.36CN¥17.60n/a18
Sep ’23CN¥16.84
CN¥22.72
+34.9%
17.3%CN¥31.36CN¥17.60n/a17
Aug ’23CN¥16.87
CN¥23.43
+38.9%
14.8%CN¥31.36CN¥18.80n/a17
Jul ’23CN¥20.40
CN¥23.43
+14.9%
14.8%CN¥31.36CN¥18.80n/a17
Jun ’23CN¥17.88
CN¥23.71
+32.6%
14.8%CN¥31.36CN¥18.80n/a17
May ’23CN¥19.38
CN¥24.16
+24.7%
14.3%CN¥31.36CN¥19.80n/a18
Apr ’23CN¥20.66
CN¥23.46
+13.6%
14.4%CN¥29.40CN¥19.50n/a17
Mar ’23CN¥19.38
CN¥24.37
+25.8%
11.8%CN¥29.40CN¥20.00n/a17
Feb ’23CN¥20.33
CN¥24.77
+21.8%
11.6%CN¥29.40CN¥20.00CN¥18.1917
Jan ’23CN¥19.76
CN¥25.34
+28.2%
13.3%CN¥32.90CN¥21.19CN¥18.2014
Dec ’22CN¥18.47
CN¥25.03
+35.5%
15.8%CN¥32.90CN¥19.01CN¥19.0016
Nov ’22CN¥18.19
CN¥26.63
+46.4%
23.0%CN¥43.55CN¥19.01CN¥13.8618
Oct ’22CN¥21.31
CN¥27.70
+30.0%
20.8%CN¥43.55CN¥20.00CN¥17.8319
Sep ’22CN¥20.82
CN¥28.80
+38.3%
20.4%CN¥43.55CN¥20.00CN¥16.8419
Aug ’22CN¥20.66
CN¥32.39
+56.8%
17.1%CN¥43.55CN¥21.50CN¥16.8718
Jul ’22CN¥24.98
CN¥33.80
+35.3%
14.7%CN¥43.55CN¥21.51CN¥20.4018
Jun ’22CN¥26.60
CN¥34.30
+28.9%
13.3%CN¥43.55CN¥25.10CN¥17.8818
May ’22CN¥28.17
CN¥34.53
+22.6%
12.1%CN¥43.55CN¥29.30CN¥19.3818
Apr ’22CN¥29.83
CN¥34.69
+16.3%
13.2%CN¥43.55CN¥29.30CN¥20.6618
Mar ’22CN¥33.35
CN¥33.49
+0.4%
8.3%CN¥38.73CN¥29.30CN¥19.3819
Feb ’22CN¥28.07
CN¥33.08
+17.8%
8.9%CN¥38.73CN¥29.30CN¥20.3319

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies