Modern Avenue Group Valuation

Is 002656 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-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 002656 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002656 (CN¥1.32) is trading above our estimate of fair value (CN¥0.35)

Significantly Below Fair Value: 002656 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002656?

Key metric: As 002656 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002656. This is calculated by dividing 002656's market cap by their current revenue.
What is 002656's PS Ratio?
PS Ratio	4x
Sales	CN¥234.09m
Market Cap	CN¥940.53m

002656 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	3.2x
Enterprise Value/EBITDA	40.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002656's PS Ratio compare to its peers?

The above table shows the PS ratio for 002656 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	7.9x
301088 RumereLtd	4.2x	13.3%	CN¥3.0b
002356 Shenzhen Hemei GroupLTD	25.7x	n/a	CN¥4.8b
605599 Beijing Caishikou Department StoreLtd	0.4x	14.9%	CN¥8.5b
600398 Hla Group	1.3x	9.3%	CN¥27.9b
002656 Modern Avenue Group	4x	n/a	CN¥940.5m

Price-To-Sales vs Peers: 002656 is good value based on its Price-To-Sales Ratio (4x) compared to the peer average (7.6x).

Price to Sales Ratio vs Industry

How does 002656's PS Ratio compare vs other companies in the CN Specialty Retail Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
002024 Suning.com	0.4x	20.6%	US$2.54b
600297 China Grand Automotive Services GroupLtd	0.05x	-9.5%	US$894.19m
002758 ZJAMP Group	0.1x	n/a	US$619.88m
601258 Pang Da Automobile Trade	0.2x	n/a	US$553.63m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 002656 is expensive based on its Price-To-Sales Ratio (4x) compared to the CN Specialty Retail industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is 002656'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.

002656 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002656'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.

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