Zhejiang China Commodities City Group Co., Ltd.

SHSE:600415 Stock Report

Market Cap: CN¥69.9b

Zhejiang China Commodities City Group Valuation

Is 600415 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 600415 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600415 (CN¥13.16) is trading below our estimate of fair value (CN¥64.08)

Significantly Below Fair Value: 600415 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600415?

Key metric: As 600415 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600415. This is calculated by dividing 600415's market cap by their current earnings.
What is 600415's PE Ratio?
PE Ratio26.8x
EarningsCN¥2.69b
Market CapCN¥69.86b

Price to Earnings Ratio vs Peers

How does 600415's PE Ratio compare to its peers?

The above table shows the PE ratio for 600415 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.1x
000785 Easyhome New Retail Group
21.1x12.8%CN¥18.6b
301381 Sailvan Times
34x30.8%CN¥10.5b
600859 Wangfujing Group
34.4x26.3%CN¥16.8b
600729 Chongqing Department StoreLtd
10.9x11.3%CN¥12.0b
600415 Zhejiang China Commodities City Group
26.8x20.9%CN¥72.2b

Price-To-Earnings vs Peers: 600415 is expensive based on its Price-To-Earnings Ratio (26.8x) compared to the peer average (25.1x).

Price to Earnings Ratio vs Industry

How does 600415's PE Ratio compare vs other companies in the CN Multiline Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600415 26.8xIndustry Avg. 38.1xNo. of Companies5PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600415 is good value based on its Price-To-Earnings Ratio (26.8x) compared to the CN Multiline Retail industry average (38.1x).

Price to Earnings Ratio vs Fair Ratio

What is 600415'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.

600415 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.8x
Fair PE Ratio33.8x

Price-To-Earnings vs Fair Ratio: 600415 is good value based on its Price-To-Earnings Ratio (26.8x) compared to the estimated Fair Price-To-Earnings Ratio (33.9x).

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 600415 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥13.16
CN¥12.22
-7.1%
17.1%CN¥14.30CN¥9.36n/a3
Nov ’25CN¥10.43
CN¥12.22
+17.2%
17.1%CN¥14.30CN¥9.36n/a3
Oct ’25CN¥9.65
CN¥10.44
+8.2%
16.4%CN¥12.85CN¥9.10n/a3
Sep ’25CN¥8.27
CN¥10.44
+26.2%
16.4%CN¥12.85CN¥9.10n/a3
Aug ’25CN¥7.66
CN¥10.87
+41.9%
13.5%CN¥12.85CN¥9.36n/a3
Jul ’25CN¥7.56
CN¥10.87
+43.8%
13.5%CN¥12.85CN¥9.36n/a3
Jun ’25CN¥7.88
CN¥10.87
+37.9%
13.5%CN¥12.85CN¥9.36n/a3
May ’25CN¥8.75
CN¥10.87
+24.2%
13.5%CN¥12.85CN¥9.36n/a3
Apr ’25CN¥8.80
CN¥10.44
+18.6%
13.3%CN¥12.32CN¥9.00n/a3
Mar ’25CN¥8.55
CN¥10.11
+18.3%
9.5%CN¥11.34CN¥9.00n/a3
Feb ’25CN¥7.63
CN¥10.11
+32.5%
9.5%CN¥11.34CN¥9.00n/a3
Jan ’25CN¥7.32
CN¥10.11
+38.2%
9.5%CN¥11.34CN¥9.00n/a3
Dec ’24CN¥8.00
CN¥10.67
+33.4%
6.3%CN¥11.34CN¥10.00n/a2
Nov ’24CN¥7.72
CN¥10.67
+38.2%
6.3%CN¥11.34CN¥10.00CN¥10.432
Oct ’24CN¥9.04
CN¥9.83
+8.8%
7.7%CN¥10.67CN¥8.83CN¥9.653
Sep ’24CN¥8.57
CN¥9.42
+9.9%
6.2%CN¥10.00CN¥8.83CN¥8.272

Analyst Forecast: Target price is lower than the current share price.

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