Xinjiang Daqo New Energy Co.,Ltd.

SHSE:688303 Stock Report

Market Cap: CN¥59.8b

Xinjiang Daqo New EnergyLtd Valuation

Is 688303 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 688303 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688303 (CN¥28.02) is trading above our estimate of fair value (CN¥6.65)

Significantly Below Fair Value: 688303 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688303?

Key metric: As 688303 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 688303. This is calculated by dividing 688303's market cap by their current revenue.
What is 688303's PS Ratio?
PS Ratio6.3x
SalesCN¥9.46b
Market CapCN¥59.81b

Price to Sales Ratio vs Peers

How does 688303's PS Ratio compare to its peers?

The above table shows the PS ratio for 688303 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8x
688126 National Silicon Industry GroupLtd
18.9x19.8%CN¥61.8b
002129 TCL Zhonghuan Renewable Energy TechnologyLtd
1.3x23.6%CN¥43.5b
603806 Hangzhou First Applied Material
2.1x16.2%CN¥44.4b
300604 Hangzhou Changchuan TechnologyLtd
9.9x25.2%CN¥30.7b
688303 Xinjiang Daqo New EnergyLtd
6.3x29.0%CN¥59.8b

Price-To-Sales vs Peers: 688303 is good value based on its Price-To-Sales Ratio (6.3x) compared to the peer average (8x).

Price to Sales Ratio vs Industry

How does 688303's PS Ratio compare vs other companies in the CN Semiconductor Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
688223 Jinko Solar
0.8x11.4%US$12.09b
002459 JA Solar Technology
0.7x15.0%US$7.73b
688599 Trina Solar
0.6x12.5%US$7.26b
002506 GCL System Integration Technology
0.9x33.5%US$2.41b
688303 6.3xIndustry Avg. 7.1xNo. of Companies23PS048121620+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 688303 is good value based on its Price-To-Sales Ratio (6.3x) compared to the CN Semiconductor industry average (7.1x).

Price to Sales Ratio vs Fair Ratio

What is 688303'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.

688303 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.3x
Fair PS Ratio5.1x

Price-To-Sales vs Fair Ratio: 688303 is expensive based on its Price-To-Sales Ratio (6.3x) compared to the estimated Fair Price-To-Sales Ratio (5.1x).

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 688303 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥28.02
CN¥26.38
-5.9%
32.7%CN¥37.80CN¥18.70n/a5
Nov ’25CN¥31.18
CN¥26.28
-15.7%
33.1%CN¥37.80CN¥18.70n/a5
Oct ’25CN¥26.20
CN¥21.14
-19.3%
17.5%CN¥28.50CN¥18.70n/a5
Sep ’25CN¥18.11
CN¥21.16
+16.9%
17.5%CN¥28.50CN¥18.70n/a5
Aug ’25CN¥19.78
CN¥25.10
+26.9%
24.6%CN¥30.00CN¥14.25n/a6
Jul ’25CN¥20.28
CN¥26.32
+29.8%
23.0%CN¥30.00CN¥14.25n/a5
Jun ’25CN¥26.77
CN¥26.32
-1.7%
23.0%CN¥30.00CN¥14.25n/a5
May ’25CN¥24.44
CN¥26.32
+7.7%
23.0%CN¥30.00CN¥14.25n/a5
Apr ’25CN¥27.40
CN¥26.49
-3.3%
27.5%CN¥33.35CN¥14.25n/a4
Mar ’25CN¥29.14
CN¥32.95
+13.1%
32.9%CN¥44.20CN¥14.25n/a5
Feb ’25CN¥26.04
CN¥32.95
+26.5%
32.9%CN¥44.20CN¥14.25n/a5
Jan ’25CN¥29.57
CN¥38.55
+30.4%
32.1%CN¥46.40CN¥13.91n/a5
Dec ’24CN¥30.47
CN¥38.55
+26.5%
32.1%CN¥46.40CN¥13.91n/a5
Nov ’24CN¥35.31
CN¥38.55
+9.2%
32.1%CN¥46.40CN¥13.91CN¥31.185
Oct ’24CN¥40.43
CN¥39.34
-2.7%
32.9%CN¥50.35CN¥13.91CN¥26.205
Sep ’24CN¥41.21
CN¥39.34
-4.5%
32.9%CN¥50.35CN¥13.91CN¥18.115
Aug ’24CN¥41.05
CN¥47.40
+15.5%
37.2%CN¥60.29CN¥13.91CN¥19.785
Jul ’24CN¥40.45
CN¥48.41
+19.7%
32.5%CN¥60.29CN¥18.98CN¥20.285
Jun ’24CN¥42.25
CN¥48.41
+14.6%
32.5%CN¥60.29CN¥18.98CN¥26.775
May ’24CN¥41.40
CN¥48.41
+16.9%
32.5%CN¥60.29CN¥18.98CN¥24.445
Apr ’24CN¥48.63
CN¥50.72
+4.3%
35.5%CN¥71.85CN¥18.98CN¥27.405
Mar ’24CN¥48.07
CN¥45.35
-5.7%
47.6%CN¥71.85CN¥18.98CN¥29.143
Feb ’24CN¥49.74
CN¥45.35
-8.8%
47.6%CN¥71.85CN¥18.98CN¥26.043
Jan ’24CN¥47.68
CN¥82.62
+73.3%
13.0%CN¥93.38CN¥71.85CN¥29.572
Dec ’23CN¥53.95
CN¥82.62
+53.1%
13.0%CN¥93.38CN¥71.85CN¥30.472
Nov ’23CN¥52.55
CN¥82.62
+57.2%
13.0%CN¥93.38CN¥71.85CN¥35.312

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

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