Global Top E-Commerce Valuation

Q: What is the Fair Price of 002640 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002640 (CN¥3.01) is trading below our estimate of [[fair value]] (CN¥10.6)

Is 002640 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-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 002640 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002640 (CN¥3.01) is trading below our estimate of fair value (CN¥10.6)

Significantly Below Fair Value: 002640 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002640?

Key metric: As 002640 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002640. This is calculated by dividing 002640's market cap by their current revenue.
What is 002640's PS Ratio?
PS Ratio	0.8x
Sales	CN¥5.79b
Market Cap	CN¥4.69b

002640 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	0.8x
Enterprise Value/EBITDA	35.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002640's PS Ratio compare to its peers?

The above table shows the PS ratio for 002640 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	3.6x
600828 Maoye Commercial	1.9x	n/a	CN¥5.3b
600280 Nanjing Central Emporium (Group) Stocks	1.7x	n/a	CN¥4.1b
600814 Hangzhou Jiebai Group	2.8x	n/a	CN¥5.0b
002561 Shanghai Xujiahui Commercial	8.3x	n/a	CN¥3.9b
002640 Global Top E-Commerce	0.8x	n/a	CN¥4.7b

Price-To-Sales vs Peers: 002640 is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (3.6x).

Price to Sales Ratio vs Industry

How does 002640's PS Ratio compare vs other companies in the CN Multiline Retail Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
600697 Chang Chun Eurasia Group	0.3x	2.5%	US$267.31m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 002640 is good value based on its Price-To-Sales Ratio (0.8x) compared to the CN Multiline Retail industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is 002640'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.

002640 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002640'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.

Discover undervalued companies

Hla Group

CN¥29.1b

Manufactures and sells menswear, womenswear, kids, professional, and home furnishing products in China.

600398

CN¥6.06

-0.7%

-17.1%

Chongqing Department StoreLtd

CN¥11.4b

Operates department stores, supermarkets, and electrical appliances stores in the People's Republic of China.

600729

CN¥25.98

-0.8%

-5.3%

Suning.com

CN¥18.3b

Engages in the retail business in China.

2024

CN¥2.00

-2.4%

5.8%