EGing Photovoltaic TechnologyLtd Valuation

Is 600537 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 600537 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 600537's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 600537's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600537?

Key metric: As 600537 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600537. This is calculated by dividing 600537's market cap by their current revenue.
What is 600537's PS Ratio?
PS Ratio	0.9x
Sales	CN¥4.22b
Market Cap	CN¥3.88b

600537 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	-7.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600537's PS Ratio compare to its peers?

The above table shows the PS ratio for 600537 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	7.2x
603421 Qingdao Topscomm Communication	1x	n/a	CN¥3.9b
688135 Guangdong Leadyo IC Testing	7.5x	n/a	CN¥3.7b
300111 Zhejiang Sunflower Great Health	11.9x	n/a	CN¥3.9b
688458 Maxic Technology	8.4x	33.5%	CN¥3.8b
600537 EGing Photovoltaic TechnologyLtd	0.9x	n/a	CN¥3.9b

Price-To-Sales vs Peers: 600537 is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (7.2x).

Price to Sales Ratio vs Industry

How does 600537's PS Ratio compare vs other companies in the CN Semiconductor Industry?

13 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	6.8x	24.0%
600537 EGing Photovoltaic TechnologyLtd	0.9x	n/a	US$535.36m
688223 Jinko Solar	0.8x	11.4%	US$11.61b
002459 JA Solar Technology	0.7x	15.0%	US$7.32b

13 Companies		Estimated Growth	Market Cap
Industry Avg.	6.8x	48.0%
600537 EGing Photovoltaic TechnologyLtd	0.9x	n/a	US$535.36m

No more companies

Price-To-Sales vs Industry: 600537 is good value based on its Price-To-Sales Ratio (0.9x) compared to the CN Semiconductor industry average (6.8x).

Price to Sales Ratio vs Fair Ratio

What is 600537'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.

600537 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600537'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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