Changzhou Almaden Valuation
Is 002623 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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 002623 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 002623 (CN¥17.2) is trading above our estimate of fair value (CN¥5.61)
Significantly Below Fair Value: 002623 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 002623?
Key metric: As 002623 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 002623's PS Ratio? | |
|---|---|
| PS Ratio | 1x |
| Sales | CN¥3.38b |
| Market Cap | CN¥3.32b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.9x |
| Enterprise Value/EBITDA | 26.3x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 002623's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5.4x | ||
688589 Leaguer (Shenzhen) Microelectronics | 6.6x | n/a | CN¥3.4b |
603421 Qingdao Topscomm Communication | 1.1x | n/a | CN¥4.0b |
603105 Zhejiang Sunoren Solar TechnologyLtd | 6.3x | 18.3% | CN¥4.5b |
688135 Guangdong Leadyo IC Testing | 7.7x | n/a | CN¥3.7b |
002623 Changzhou Almaden | 1x | 12.9% | CN¥3.3b |
Price-To-Sales vs Peers: 002623 is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (5.4x).
Price to Sales Ratio vs Industry
How does 002623's PS Ratio compare vs other companies in the CN Semiconductor Industry?
| 12 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| Industry Avg. | 6.7x | 23.9% | |
002623 Changzhou Almaden | 1x | 12.9% | US$458.71m |
688223 Jinko Solar | 0.8x | 11.4% | US$12.09b |
002459 JA Solar Technology | 0.7x | 15.0% | US$7.78b |
| 12 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
| Industry Avg. | 6.7x | 48.3% | |
002623 Changzhou Almaden | 1x | 79.2% | US$458.71m |
Price-To-Sales vs Industry: 002623 is good value based on its Price-To-Sales Ratio (1x) compared to the CN Semiconductor industry average (6.7x).
Price to Sales Ratio vs Fair Ratio
What is 002623'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1x |
| Fair PS Ratio | 1.5x |
Price-To-Sales vs Fair Ratio: 002623 is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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