Hwatsing Technology Co., Ltd.

SHSE:688120 Stock Report

Market Cap: CN¥43.0b

Hwatsing Technology Valuation

Is 688120 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 688120 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688120 (CN¥184.52) is trading below our estimate of fair value (CN¥230.83)

Significantly Below Fair Value: 688120 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688120?

Key metric: As 688120 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688120. This is calculated by dividing 688120's market cap by their current earnings.
What is 688120's PE Ratio?
PE Ratio49.6x
EarningsCN¥880.52m
Market CapCN¥42.95b

Price to Earnings Ratio vs Peers

How does 688120's PE Ratio compare to its peers?

The above table shows the PE ratio for 688120 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.2x
300316 Zhejiang Jingsheng Mechanical & Electrical
11.1x5.8%CN¥44.6b
688082 ACM Research (Shanghai)
49x28.8%CN¥48.8b
688072 Piotech
80.2x36.2%CN¥52.7b
300751 Suzhou Maxwell Technologies
36.6x23.7%CN¥35.2b
688120 Hwatsing Technology
49.6x26.4%CN¥43.0b

Price-To-Earnings vs Peers: 688120 is expensive based on its Price-To-Earnings Ratio (49.6x) compared to the peer average (44.2x).

Price to Earnings Ratio vs Industry

How does 688120'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
688120 49.6xIndustry Avg. 61.1xNo. of Companies14PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 688120 is good value based on its Price-To-Earnings Ratio (49.6x) compared to the CN Semiconductor industry average (61.1x).

Price to Earnings Ratio vs Fair Ratio

What is 688120'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.

688120 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49.6x
Fair PE Ratio44.7x

Price-To-Earnings vs Fair Ratio: 688120 is expensive based on its Price-To-Earnings Ratio (49.6x) compared to the estimated Fair Price-To-Earnings Ratio (44.7x).

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 688120 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥184.52
CN¥192.91
+4.5%
18.5%CN¥247.00CN¥162.00n/a5
Nov ’25CN¥189.05
CN¥193.53
+2.4%
18.2%CN¥247.00CN¥163.76n/a5
Oct ’25CN¥161.87
CN¥163.85
+1.2%
1.7%CN¥167.15CN¥159.38n/a4
Sep ’25CN¥135.25
CN¥163.85
+21.1%
1.7%CN¥167.15CN¥159.38n/a4
Aug ’25CN¥146.87
CN¥162.78
+10.8%
2.8%CN¥167.15CN¥155.13n/a4
Jul ’25CN¥126.11
CN¥160.89
+27.6%
4.8%CN¥167.15CN¥147.56n/a4
Jun ’25CN¥118.08
CN¥159.94
+35.4%
5.5%CN¥167.15CN¥147.56n/a3
May ’25CN¥114.55
CN¥159.94
+39.6%
5.5%CN¥167.15CN¥147.56n/a3
Apr ’25CN¥116.63
CN¥163.82
+40.5%
2.1%CN¥167.15CN¥159.20n/a3
Mar ’25CN¥135.57
CN¥175.90
+29.7%
10.4%CN¥201.34CN¥159.20n/a3
Feb ’25CN¥103.70
CN¥181.08
+74.6%
10.1%CN¥201.34CN¥159.20n/a4
Jan ’25CN¥125.97
CN¥186.30
+47.9%
7.3%CN¥201.34CN¥167.15n/a4
Dec ’24CN¥148.75
CN¥186.30
+25.2%
7.3%CN¥201.34CN¥167.15n/a4
Nov ’24CN¥141.51
CN¥186.30
+31.7%
7.3%CN¥201.34CN¥167.15CN¥189.054
Oct ’24CN¥128.52
CN¥192.37
+49.7%
7.7%CN¥204.33CN¥167.15CN¥161.874
Sep ’24CN¥142.19
CN¥192.37
+35.3%
7.7%CN¥204.33CN¥167.15CN¥135.254
Aug ’24CN¥134.05
CN¥198.73
+48.3%
2.2%CN¥204.32CN¥192.62CN¥146.874
Jul ’24CN¥169.16
CN¥198.47
+17.3%
2.9%CN¥204.32CN¥192.62CN¥126.112
Jun ’24CN¥156.37
CN¥198.47
+26.9%
2.9%CN¥204.32CN¥192.62CN¥118.082
May ’24CN¥172.51
CN¥198.47
+15.0%
2.9%CN¥204.32CN¥192.62CN¥114.552
Apr ’24CN¥142.70
CN¥134.90
-5.5%
0.4%CN¥135.44CN¥134.36CN¥116.632
Mar ’24CN¥111.21
CN¥134.90
+21.3%
0.4%CN¥135.44CN¥134.36CN¥135.572

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

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