Chutian Dragon Valuation

Is 003040 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 003040 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 003040 (CN¥14.93) is trading above our estimate of fair value (CN¥1.01)

Significantly Below Fair Value: 003040 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 003040?

Key metric: As 003040 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 003040. This is calculated by dividing 003040's market cap by their current revenue.
What is 003040's PS Ratio?
PS Ratio	6.4x
Sales	CN¥1.08b
Market Cap	CN¥6.88b

003040 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	6x
Enterprise Value/EBITDA	-463.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 003040's PS Ratio compare to its peers?

The above table shows the PS ratio for 003040 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	14.2x
688515 Motorcomm Electronic Technology	19x	48.2%	CN¥7.1b
600770 Jiangsu ZongyiLTD	20x	n/a	CN¥6.0b
688313 Henan Shijia Photons Technology	6.6x	22.1%	CN¥6.2b
688512 Smarter Microelectronics (Guangzhou)	11.2x	30.2%	CN¥6.0b
003040 Chutian Dragon	6.4x	15.9%	CN¥6.9b

Price-To-Sales vs Peers: 003040 is good value based on its Price-To-Sales Ratio (6.4x) compared to the peer average (14.2x).

Price to Sales Ratio vs Industry

How does 003040's PS Ratio compare vs other companies in the CN Semiconductor Industry?

13 Companies	Price / Sales	Estimated Growth	Market Cap
688223 Jinko Solar	0.8x	11.4%	US$11.61b
002459 JA Solar Technology	0.7x	15.0%	US$7.32b
688599 Trina Solar	0.5x	12.5%	US$6.86b
688472 CSI Solar	1x	18.9%	US$6.36b

13 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 003040 is good value based on its Price-To-Sales Ratio (6.4x) compared to the CN Semiconductor industry average (6.8x).

Price to Sales Ratio vs Fair Ratio

What is 003040'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.

003040 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	6.4x
Fair PS Ratio	3.7x

Price-To-Sales vs Fair Ratio: 003040 is expensive based on its Price-To-Sales Ratio (6.4x) compared to the estimated Fair Price-To-Sales Ratio (3.7x).

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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