Hygon Information Technology (SHSE:688041) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 688041 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688041 (CN¥128.5) is trading above our estimate of [[fair value]] (CN¥0.94)

Share Price vs Fair Value

What is the Fair Price of 688041 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688041 (CN¥128.5) is trading above our estimate of fair value (CN¥0.94)

Significantly Below Fair Value: 688041 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688041?

Key metric: As 688041 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 688041. This is calculated by dividing 688041's market cap by their current revenue.
What is 688041's PS Ratio?
PS Ratio	36.4x
Sales	CN¥8.21b
Market Cap	CN¥298.61b

688041 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	36x
Enterprise Value/EBITDA	97.2x
PEG Ratio	5.5x

Price to Sales Ratio vs Peers

How does 688041's PS Ratio compare to its peers?

The above table shows the PS ratio for 688041 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	2.2x
688223 Jinko Solar	0.8x	11.4%	CN¥87.5b
601012 LONGi Green Energy Technology	1.5x	13.1%	CN¥140.7b
600438 TongweiLtd	1.2x	18.1%	CN¥119.5b
603501 Will Semiconductor	5.1x	14.8%	CN¥125.6b
688041 Hygon Information Technology	36.4x	30.9%	CN¥298.6b

Price-To-Sales vs Peers: 688041 is expensive based on its Price-To-Sales Ratio (36.4x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does 688041's PS Ratio compare vs other companies in the CN Semiconductor Industry?

11 Companies	Price / Sales	Estimated Growth	Market Cap
688223 Jinko Solar	0.8x	11.4%	US$12.09b
002459 JA Solar Technology	0.7x	15.0%	US$7.73b
688599 Trina Solar	0.6x	12.5%	US$7.26b
002506 GCL System Integration Technology	0.9x	33.5%	US$2.41b

11 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 688041 is expensive based on its Price-To-Sales Ratio (36.4x) compared to the CN Semiconductor industry average (7.1x).

Price to Sales Ratio vs Fair Ratio

What is 688041'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.

688041 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	36.4x
Fair PS Ratio	33.7x

Price-To-Sales vs Fair Ratio: 688041 is expensive based on its Price-To-Sales Ratio (36.4x) compared to the estimated Fair Price-To-Sales Ratio (33.7x).

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 688041 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¥128.50	CN¥111.60 -13.2%	14.6%	CN¥139.30	CN¥100.00	n/a	4
Nov ’25	CN¥123.88	CN¥111.60 -9.9%	14.6%	CN¥139.30	CN¥100.00	n/a	4
Oct ’25	CN¥103.28	CN¥100.22 -3.0%	4.7%	CN¥107.08	CN¥93.80	n/a	4
Sep ’25	CN¥79.39	CN¥109.56 +38.0%	17.5%	CN¥146.92	CN¥93.80	n/a	5
Aug ’25	CN¥79.66	CN¥100.22 +25.8%	4.7%	CN¥107.08	CN¥93.80	n/a	4
Jul ’25	CN¥70.47	CN¥100.22 +42.2%	4.7%	CN¥107.08	CN¥93.80	n/a	4
Jun ’25	CN¥71.30	CN¥97.93 +37.4%	3.0%	CN¥100.00	CN¥93.80	n/a	3
May ’25	CN¥79.25	CN¥95.60 +20.6%	3.3%	CN¥100.00	CN¥93.00	n/a	3
Apr ’25	CN¥78.48	CN¥94.63 +20.6%	3.6%	CN¥100.00	CN¥90.70	n/a	4
Mar ’25	CN¥87.49	CN¥94.63 +8.2%	3.6%	CN¥100.00	CN¥90.70	n/a	4
Feb ’25	CN¥68.90	CN¥94.63 +37.3%	3.6%	CN¥100.00	CN¥90.70	n/a	4
Jan ’25	CN¥70.98	CN¥77.24 +8.8%	16.8%	CN¥94.82	CN¥64.00	n/a	3
Dec ’24	CN¥71.90	CN¥68.45 -4.8%	6.5%	CN¥72.90	CN¥64.00	n/a	2
Nov ’24	CN¥64.80	CN¥68.00 +4.9%	5.9%	CN¥72.00	CN¥64.00	CN¥123.88	2
Oct ’24	CN¥53.98	CN¥68.50 +26.9%	5.1%	CN¥72.00	CN¥65.00	CN¥103.28	2
Sep ’24	CN¥59.31	CN¥75.00 +26.5%	4.0%	CN¥78.00	CN¥72.00	CN¥79.39	2
Aug ’24	CN¥58.94	CN¥92.25 +56.5%	15.4%	CN¥106.50	CN¥78.00	CN¥79.66	2
Jul ’24	CN¥68.27	CN¥92.25 +35.1%	15.4%	CN¥106.50	CN¥78.00	CN¥70.47	2
Jun ’24	CN¥87.30	CN¥92.25 +5.7%	15.4%	CN¥106.50	CN¥78.00	CN¥71.30	2
May ’24	CN¥94.15	CN¥92.25 -2.0%	15.4%	CN¥106.50	CN¥78.00	CN¥79.25	2
Apr ’24	CN¥77.17	CN¥65.46 -15.2%	14.4%	CN¥78.00	CN¥55.20	CN¥78.48	3
Mar ’24	CN¥53.50	CN¥65.46 +22.3%	14.4%	CN¥78.00	CN¥55.20	CN¥87.49	3
Feb ’24	CN¥43.80	CN¥61.12 +39.6%	7.0%	CN¥65.00	CN¥55.20	CN¥68.90	3
Jan ’24	CN¥40.12	CN¥59.19 +47.5%	6.7%	CN¥63.17	CN¥55.20	CN¥70.98	2
Dec ’23	CN¥42.71	CN¥59.19 +38.6%	6.7%	CN¥63.17	CN¥55.20	CN¥71.90	2

Analyst Forecast: Target price is lower than the current share price.

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