Espressif Systems (Shanghai) Co., Ltd.

SHSE:688018 Stock Report

Market Cap: CN¥14.4b

Espressif Systems (Shanghai) Valuation

Is 688018 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-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 688018 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688018 (CN¥130.79) is trading above our estimate of fair value (CN¥3.45)

Significantly Below Fair Value: 688018 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688018?

Key metric: As 688018 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688018. This is calculated by dividing 688018's market cap by their current earnings.
What is 688018's PE Ratio?
PE Ratio47.9x
EarningsCN¥300.15m
Market CapCN¥14.37b

Price to Earnings Ratio vs Peers

How does 688018's PE Ratio compare to its peers?

The above table shows the PE ratio for 688018 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average81.2x
688709 Chengdu Sino-Microelectronics Tech
76.8x37.3%CN¥15.6b
300672 Hunan Goke MicroelectronicsLtd
167.1x21.2%CN¥14.7b
688798 Shanghai Awinic TechnologyLtd
47.3x34.2%CN¥15.9b
605111 Wuxi NCE PowerLtd
33.6x22.0%CN¥14.8b
688018 Espressif Systems (Shanghai)
47.9x24.5%CN¥14.4b

Price-To-Earnings vs Peers: 688018 is good value based on its Price-To-Earnings Ratio (47.9x) compared to the peer average (81.2x).

Price to Earnings Ratio vs Industry

How does 688018's PE Ratio compare vs other companies in the CN Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
688018 47.9xIndustry Avg. 64.2xNo. of Companies15PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 688018 is good value based on its Price-To-Earnings Ratio (47.9x) compared to the CN Semiconductor industry average (64.2x).

Price to Earnings Ratio vs Fair Ratio

What is 688018'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.

688018 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.9x
Fair PE Ratio38.3x

Price-To-Earnings vs Fair Ratio: 688018 is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the estimated Fair Price-To-Earnings Ratio (38.3x).

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 688018 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥130.79
CN¥153.35
+17.2%
3.5%CN¥158.70CN¥148.00n/a2
Nov ’25CN¥121.01
CN¥153.35
+26.7%
3.5%CN¥158.70CN¥148.00n/a2
Oct ’25CN¥117.06
CN¥119.38
+2.0%
22.2%CN¥145.90CN¥92.86n/a2
Sep ’25CN¥99.90
CN¥119.38
+19.5%
22.2%CN¥145.90CN¥92.86n/a2
Aug ’25CN¥112.55
CN¥119.38
+6.1%
22.2%CN¥145.90CN¥92.86n/a2
Jul ’25CN¥97.10
CN¥91.82
-5.4%
1.1%CN¥92.86CN¥90.79n/a2
Jun ’25CN¥74.84
CN¥75.55
+0.9%
30.5%CN¥92.86CN¥43.01n/a3
May ’25CN¥76.16
CN¥81.29
+6.7%
18.4%CN¥92.86CN¥60.21n/a3
Apr ’25CN¥68.32
CN¥80.21
+17.4%
17.8%CN¥92.86CN¥60.21n/a3
Mar ’25CN¥68.70
CN¥83.43
+21.4%
26.3%CN¥107.14CN¥54.29n/a3
Feb ’25CN¥60.14
CN¥85.86
+42.8%
21.8%CN¥107.14CN¥61.57n/a3
Jan ’25CN¥73.54
CN¥87.00
+18.3%
19.8%CN¥107.14CN¥65.00n/a3
Dec ’24CN¥76.24
CN¥87.00
+14.1%
19.8%CN¥107.14CN¥65.00n/a3
Nov ’24CN¥73.84
CN¥87.24
+18.2%
19.4%CN¥107.14CN¥65.71CN¥121.013
Oct ’24CN¥72.57
CN¥95.31
+31.3%
24.0%CN¥121.43CN¥65.71CN¥117.063
Sep ’24CN¥83.14
CN¥96.98
+16.6%
21.4%CN¥121.43CN¥70.71CN¥99.903
Aug ’24CN¥85.98
CN¥94.60
+10.0%
19.1%CN¥114.29CN¥70.71CN¥112.553
Jul ’24CN¥92.73
CN¥94.83
+2.3%
18.7%CN¥114.29CN¥71.43CN¥97.103
Jun ’24CN¥112.59
CN¥94.83
-15.8%
18.7%CN¥114.29CN¥71.43CN¥74.843
May ’24CN¥83.43
CN¥79.12
-5.2%
17.7%CN¥98.79CN¥67.14CN¥76.163
Apr ’24CN¥88.29
CN¥79.60
-9.8%
17.3%CN¥98.79CN¥67.14CN¥68.323
Mar ’24CN¥77.86
CN¥72.62
-6.7%
13.5%CN¥86.43CN¥64.29CN¥68.703
Feb ’24CN¥77.04
CN¥68.91
-10.5%
24.4%CN¥94.00CN¥47.14CN¥60.144
Jan ’24CN¥64.39
CN¥67.80
+5.3%
25.4%CN¥94.00CN¥47.14CN¥73.544
Dec ’23CN¥73.78
CN¥67.80
-8.1%
25.4%CN¥94.00CN¥47.14CN¥76.244
Nov ’23CN¥60.94
CN¥71.02
+16.5%
26.0%CN¥94.00CN¥47.14CN¥73.844

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

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