Hla Group (XSSC:600398) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 600398 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600398 (CN¥6.05) is trading below our estimate of [[fair value]] (CN¥9.89)

Share Price vs Fair Value

What is the Fair Price of 600398 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600398 (CN¥6.05) is trading below our estimate of fair value (CN¥9.89)

Significantly Below Fair Value: 600398 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600398?

Key metric: As 600398 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600398. This is calculated by dividing 600398's market cap by their current earnings.
What is 600398's PE Ratio?
PE Ratio	12.1x
Earnings	CN¥2.41b
Market Cap	CN¥29.06b

600398 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	1.2x
Enterprise Value/EBITDA	8.7x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

How does 600398's PE Ratio compare to its peers?

The above table shows the PE ratio for 600398 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	20.6x
605599 Beijing Caishikou Department StoreLtd	13x	14.1%	CN¥8.5b
301088 RumereLtd	35.1x	20.2%	CN¥3.0b
600655 Shanghai Yuyuan Tourist Mart (Group)	25.3x	25.8%	CN¥23.9b
600704 Wuchan Zhongda GroupLtd	8.9x	n/a	CN¥28.9b
600398 Hla Group	12.1x	14.9%	CN¥29.1b

Price-To-Earnings vs Peers: 600398 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (20.3x).

Price to Earnings Ratio vs Industry

How does 600398's PE Ratio compare vs other companies in the Asian Specialty Retail Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600398 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Asian Specialty Retail industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is 600398'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.

600398 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.1x
Fair PE Ratio	26.8x

Price-To-Earnings vs Fair Ratio: 600398 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (26.8x).

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 600398 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥6.05	CN¥7.14 +18.0%	12.6%	CN¥8.80	CN¥6.10	n/a	5
Nov ’25	CN¥5.61	CN¥8.00 +42.6%	17.1%	CN¥10.05	CN¥6.10	n/a	5
Oct ’25	CN¥7.58	CN¥8.22 +8.5%	15.6%	CN¥10.05	CN¥6.10	n/a	5
Sep ’25	CN¥5.95	CN¥8.22 +38.2%	15.6%	CN¥10.05	CN¥6.10	n/a	5
Aug ’25	CN¥6.37	CN¥9.25 +45.3%	18.0%	CN¥10.90	CN¥6.10	n/a	5
Jul ’25	CN¥9.39	CN¥9.25 -1.4%	18.0%	CN¥10.90	CN¥6.10	n/a	5
Jun ’25	CN¥9.67	CN¥9.38 -3.0%	16.5%	CN¥10.90	CN¥6.10	n/a	6
May ’25	CN¥9.11	CN¥9.23 +1.4%	4.4%	CN¥10.00	CN¥8.85	n/a	5
Apr ’25	CN¥8.85	CN¥8.71 -1.6%	14.1%	CN¥10.00	CN¥6.10	n/a	6
Mar ’25	CN¥8.55	CN¥8.71 +1.9%	14.1%	CN¥10.00	CN¥6.10	n/a	6
Feb ’25	CN¥7.72	CN¥8.71 +12.8%	14.1%	CN¥10.00	CN¥6.10	n/a	6
Jan ’25	CN¥7.42	CN¥8.71 +17.4%	14.1%	CN¥10.00	CN¥6.10	n/a	6
Dec ’24	CN¥7.50	CN¥8.71 +16.2%	14.1%	CN¥10.00	CN¥6.10	n/a	6
Nov ’24	CN¥7.38	CN¥8.31 +12.6%	15.0%	CN¥10.00	CN¥6.10	CN¥5.61	6
Oct ’24	CN¥7.68	CN¥8.14 +6.0%	13.5%	CN¥9.60	CN¥6.10	CN¥7.58	6
Sep ’24	CN¥7.62	CN¥8.14 +6.9%	13.5%	CN¥9.60	CN¥6.10	CN¥5.95	6
Aug ’24	CN¥7.55	CN¥7.51 -0.6%	14.2%	CN¥8.50	CN¥5.20	CN¥6.37	6
Jul ’24	CN¥6.88	CN¥7.51 +9.1%	14.2%	CN¥8.50	CN¥5.20	CN¥9.39	6
Jun ’24	CN¥7.12	CN¥7.51 +5.4%	14.2%	CN¥8.50	CN¥5.20	CN¥9.67	6
May ’24	CN¥6.45	CN¥7.15 +10.9%	16.7%	CN¥8.50	CN¥5.20	CN¥9.11	5
Apr ’24	CN¥6.24	CN¥5.57 -10.8%	8.8%	CN¥6.40	CN¥5.20	CN¥8.85	4
Mar ’24	CN¥6.14	CN¥5.81 -5.3%	11.3%	CN¥6.80	CN¥5.20	CN¥8.55	5
Feb ’24	CN¥5.24	CN¥5.81 +11.0%	11.3%	CN¥6.80	CN¥5.20	CN¥7.72	5
Jan ’24	CN¥5.30	CN¥5.93 +12.0%	9.9%	CN¥6.80	CN¥5.25	CN¥7.42	5
Dec ’23	CN¥4.94	CN¥5.83 +18.1%	9.2%	CN¥6.80	CN¥5.25	CN¥7.50	5
Nov ’23	CN¥4.35	CN¥5.83 +34.1%	9.2%	CN¥6.80	CN¥5.25	CN¥7.38	5

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

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