Montage Technology Valuation

Q: What is the Fair Price of 688008 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688008 (CN¥50.91) is trading above our estimate of [[fair value]] (CN¥23.61)

Is 688008 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-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 688008 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688008 (CN¥50.91) is trading above our estimate of fair value (CN¥23.61)

Significantly Below Fair Value: 688008 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688008?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 688008. This is calculated by dividing 688008's market cap by their current preferred multiple.
What is 688008's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CN¥57.51b

688008 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	19.3x
Enterprise Value/EBITDA	110.3x
PEG Ratio	2x

Price to Earnings Ratio vs Peers

How does 688008's PE Ratio compare to its peers?

The above table shows the PE ratio for 688008 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	28.2x
688396 China Resources Microelectronics	42.5x	25.6%	CN¥48.2b
600584 JCET Group	30.8x	29.8%	CN¥46.1b
002049 Unigroup Guoxin Microelectronics	21.9x	27.5%	CN¥49.3b
688472 CSI Solar	17.6x	35.4%	CN¥45.2b
688008 Montage Technology	87.9x	44.5%	CN¥57.5b

Price-To-Earnings vs Peers: 688008 is expensive based on its Price-To-Earnings Ratio (87.9x) compared to the peer average (28.2x).

Price to Earnings Ratio vs Industry

How does 688008's PE Ratio compare vs other companies in the CN Semiconductor Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	38.7%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	38.7%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 688008 is expensive based on its Price-To-Earnings Ratio (87.9x) compared to the CN Semiconductor industry average (51.4x).

Price to Earnings Ratio vs Fair Ratio

What is 688008'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.

688008 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	87.9x
Fair PE Ratio	46.3x

Price-To-Earnings vs Fair Ratio: 688008 is expensive based on its Price-To-Earnings Ratio (87.9x) compared to the estimated Fair Price-To-Earnings Ratio (46.3x).

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 688008 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¥50.91	CN¥71.04 +39.5%	14.1%	CN¥100.00	CN¥60.00	n/a	11
Apr ’25	CN¥45.80	CN¥75.31 +64.4%	14.6%	CN¥100.00	CN¥60.00	n/a	11
Mar ’25	CN¥53.17	CN¥75.31 +41.6%	14.6%	CN¥100.00	CN¥60.00	n/a	11
Feb ’25	CN¥46.77	CN¥74.55 +59.4%	15.3%	CN¥100.00	CN¥60.00	n/a	11
Jan ’25	CN¥58.76	CN¥74.91 +27.5%	15.7%	CN¥100.00	CN¥60.00	n/a	10
Dec ’24	CN¥60.09	CN¥73.91 +23.0%	16.5%	CN¥100.00	CN¥60.00	n/a	10
Nov ’24	CN¥55.27	CN¥69.21 +25.2%	17.6%	CN¥100.00	CN¥50.00	n/a	10
Oct ’24	CN¥49.70	CN¥67.77 +36.4%	18.5%	CN¥100.00	CN¥50.00	n/a	10
Sep ’24	CN¥51.36	CN¥66.79 +30.0%	18.5%	CN¥100.00	CN¥50.00	n/a	11
Aug ’24	CN¥57.63	CN¥75.66 +31.3%	13.6%	CN¥100.00	CN¥62.00	n/a	11
Jul ’24	CN¥57.42	CN¥76.59 +33.4%	14.7%	CN¥100.00	CN¥62.00	n/a	11
Jun ’24	CN¥62.10	CN¥76.59 +23.3%	14.7%	CN¥100.00	CN¥62.00	n/a	11
May ’24	CN¥60.90	CN¥74.13 +21.7%	17.8%	CN¥100.00	CN¥55.00	CN¥50.91	10
Apr ’24	CN¥69.52	CN¥73.93 +6.3%	17.9%	CN¥100.00	CN¥55.00	CN¥45.80	10
Mar ’24	CN¥57.48	CN¥74.28 +29.2%	17.4%	CN¥100.00	CN¥55.00	CN¥53.17	10
Feb ’24	CN¥56.38	CN¥76.80 +36.2%	16.5%	CN¥100.00	CN¥57.00	CN¥46.77	9
Jan ’24	CN¥62.60	CN¥79.91 +27.7%	14.5%	CN¥100.00	CN¥60.00	CN¥58.76	9
Dec ’23	CN¥66.66	CN¥74.92 +12.4%	22.4%	CN¥100.00	CN¥38.00	CN¥60.09	10
Nov ’23	CN¥57.35	CN¥69.92 +21.9%	26.3%	CN¥100.00	CN¥38.00	CN¥55.27	10
Oct ’23	CN¥52.33	CN¥77.25 +47.6%	22.0%	CN¥100.00	CN¥44.00	CN¥49.70	10
Sep ’23	CN¥56.48	CN¥78.65 +39.3%	20.5%	CN¥100.00	CN¥44.00	CN¥51.36	11
Aug ’23	CN¥58.25	CN¥78.24 +34.3%	20.2%	CN¥100.00	CN¥44.00	CN¥57.63	11
Jul ’23	CN¥60.24	CN¥78.97 +31.1%	18.2%	CN¥100.00	CN¥50.00	CN¥57.42	11
Jun ’23	CN¥63.67	CN¥77.85 +22.3%	17.7%	CN¥100.00	CN¥50.00	CN¥62.10	12
May ’23	CN¥58.05	CN¥80.26 +38.3%	16.9%	CN¥100.00	CN¥50.00	CN¥60.90	12

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.