Tongfu Microelectronics Co.,Ltd

SZSE:002156 Stock Report

Market Cap: CN¥35.6b

Tongfu MicroelectronicsLtd Valuation

Is 2156 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 2156 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002156 (CN¥23.22) is trading above our estimate of fair value (CN¥1.88)

Significantly Below Fair Value: 002156 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2156?

Other financial metrics that can be useful for relative valuation.

2156 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/Revenue2x
Enterprise Value/EBITDA9.9x
PEG Ratio2.6x

Price to Earnings Ratio vs Peers

How does 2156's PE Ratio compare to its peers?

The above table shows the PE ratio for 2156 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.2x
300661 SG Micro
121.5x38.2%CN¥37.0b
002049 Unigroup Guoxin Microelectronics
21.9x21.6%CN¥49.4b
002459 JA Solar Technology
11.3x23.7%CN¥45.1b
688396 China Resources Microelectronics
46x22.5%CN¥52.1b
002156 Tongfu MicroelectronicsLtd
133.5x51.8%CN¥35.6b

Price-To-Earnings vs Peers: 002156 is expensive based on its Price-To-Earnings Ratio (133.5x) compared to the peer average (50.6x).


Price to Earnings Ratio vs Industry

How does 2156's PE Ratio compare vs other companies in the CN Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a39.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a39.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 002156 is expensive based on its Price-To-Earnings Ratio (133.5x) compared to the CN Semiconductor industry average (53.7x).


Price to Earnings Ratio vs Fair Ratio

What is 2156'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.

2156 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio133.5x
Fair PE Ratio56.8x

Price-To-Earnings vs Fair Ratio: 002156 is expensive based on its Price-To-Earnings Ratio (133.5x) compared to the estimated Fair Price-To-Earnings Ratio (56.8x).


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 2156 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥23.22
CN¥25.37
+9.3%
10.2%CN¥30.00CN¥22.00n/a7
Jun ’25CN¥22.97
CN¥24.90
+8.4%
11.0%CN¥30.00CN¥21.60n/a8
May ’25CN¥20.98
CN¥24.90
+18.7%
11.0%CN¥30.00CN¥21.60n/a8
Apr ’25CN¥22.69
CN¥24.62
+8.5%
12.8%CN¥30.00CN¥21.60n/a8
Mar ’25CN¥22.89
CN¥23.63
+3.3%
9.0%CN¥27.60CN¥21.60n/a7
Feb ’25CN¥18.68
CN¥23.63
+26.5%
9.0%CN¥27.60CN¥21.60n/a7
Jan ’25CN¥23.12
CN¥24.11
+4.3%
8.0%CN¥26.62CN¥21.60n/a7
Dec ’24CN¥22.46
CN¥24.11
+7.4%
8.0%CN¥26.62CN¥21.60n/a7
Nov ’24CN¥20.40
CN¥23.03
+12.9%
10.6%CN¥26.62CN¥20.00n/a7
Oct ’24CN¥19.17
CN¥23.22
+21.1%
10.7%CN¥27.00CN¥20.00n/a7
Sep ’24CN¥20.02
CN¥23.80
+18.9%
14.7%CN¥28.50CN¥20.00n/a8
Aug ’24CN¥21.83
CN¥24.27
+11.2%
16.2%CN¥30.00CN¥20.00n/a8
Jul ’24CN¥22.60
CN¥22.94
+1.5%
25.5%CN¥30.00CN¥11.80n/a8
Jun ’24CN¥24.38
CN¥22.94
-5.9%
25.5%CN¥30.00CN¥11.80CN¥22.978
May ’24CN¥17.89
CN¥20.27
+13.3%
32.2%CN¥30.00CN¥11.00CN¥20.988
Apr ’24CN¥22.20
CN¥18.00
-18.9%
33.1%CN¥30.00CN¥11.00CN¥22.697
Mar ’24CN¥23.08
CN¥17.29
-25.1%
22.2%CN¥22.00CN¥11.00CN¥22.898
Feb ’24CN¥19.29
CN¥17.19
-10.9%
21.8%CN¥22.00CN¥11.00CN¥18.688
Jan ’24CN¥16.48
CN¥17.19
+4.3%
21.8%CN¥22.00CN¥11.00CN¥23.128
Dec ’23CN¥17.51
CN¥17.19
-1.8%
21.8%CN¥22.00CN¥11.00CN¥22.468
Nov ’23CN¥19.14
CN¥17.19
-10.2%
21.8%CN¥22.00CN¥11.00CN¥20.408
Oct ’23CN¥15.08
CN¥18.80
+24.7%
13.7%CN¥22.00CN¥14.40CN¥19.176
Sep ’23CN¥17.74
CN¥19.90
+12.2%
15.8%CN¥24.60CN¥14.40CN¥20.026
Aug ’23CN¥16.32
CN¥18.45
+13.1%
19.0%CN¥24.60CN¥14.10CN¥21.836
Jul ’23CN¥15.18
CN¥18.15
+19.6%
16.5%CN¥22.80CN¥14.10CN¥22.606
Jun ’23CN¥13.94
CN¥21.48
+54.1%
38.6%CN¥39.00CN¥15.10CN¥24.386

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


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