Maoye Commercial Co., Ltd.

XSSC:600828 Stock Report

Market Cap: CN¥5.3b

Maoye Commercial Valuation

Is 600828 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 600828 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600828 (CN¥3.07) is trading below our estimate of fair value (CN¥5.35)

Significantly Below Fair Value: 600828 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600828?

Key metric: As 600828 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600828. This is calculated by dividing 600828's market cap by their current revenue.
What is 600828's PS Ratio?
PS Ratio1.9x
SalesCN¥2.85b
Market CapCN¥5.32b

Price to Sales Ratio vs Peers

How does 600828's PS Ratio compare to its peers?

The above table shows the PS ratio for 600828 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.5x
002640 Global Top E-Commerce
0.8xn/aCN¥4.7b
600694 Dashang
0.8x2.7%CN¥5.9b
600280 Nanjing Central Emporium (Group) Stocks
1.7xn/aCN¥4.1b
600814 Hangzhou Jiebai Group
2.8xn/aCN¥5.0b
600828 Maoye Commercial
1.9xn/aCN¥5.3b

Price-To-Sales vs Peers: 600828 is expensive based on its Price-To-Sales Ratio (1.9x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does 600828's PS Ratio compare vs other companies in the CN Multiline Retail Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
600697 Chang Chun Eurasia Group
0.3x2.5%US$267.31m
No more companies available in this PS range
600828 1.9xIndustry Avg. 1.7xNo. of Companies7PS01.63.24.86.48+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 600828 is expensive based on its Price-To-Sales Ratio (1.9x) compared to the CN Multiline Retail industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is 600828'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.

600828 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600828'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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