Hangzhou Changchuan Technology Co.,Ltd

SZSE:300604 Stock Report

Market Cap: CN¥28.1b

Hangzhou Changchuan TechnologyLtd Valuation

Is 300604 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 300604 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CN¥1.45
Fair Value
3.0k% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: 300604 (CN¥44.81) is trading above our estimate of fair value (CN¥1.45)

Significantly Below Fair Value: 300604 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300604?

Key metric: As 300604 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 300604. This is calculated by dividing 300604's market cap by their current earnings.
What is 300604's PE Ratio?
PE Ratio70x
EarningsCN¥401.23m
Market CapCN¥28.09b

Price to Earnings Ratio vs Peers

How does 300604's PE Ratio compare to its peers?

The above table shows the PE ratio for 300604 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.2x
300623 Jiangsu JieJie Microelectronics
69.1x17.9%CN¥28.3b
603806 Hangzhou First Applied Material
22.2x22.9%CN¥37.3b
300776 Wuhan DR Laser TechnologyLtd
33.1x24.0%CN¥16.7b
688019 Anji Microelectronics Technology (Shanghai)
40.1x24.6%CN¥19.3b
300604 Hangzhou Changchuan TechnologyLtd
70x40.9%CN¥28.1b

Price-To-Earnings vs Peers: 300604 is expensive based on its Price-To-Earnings Ratio (70x) compared to the peer average (41.2x).

Price to Earnings Ratio vs Industry

How does 300604'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
300604 70.0xIndustry Avg. 64.2xNo. of Companies14PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 300604 is expensive based on its Price-To-Earnings Ratio (70x) compared to the CN Semiconductor industry average (64.2x).

Price to Earnings Ratio vs Fair Ratio

What is 300604'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.

300604 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio70x
Fair PE Ratio55.4x

Price-To-Earnings vs Fair Ratio: 300604 is expensive based on its Price-To-Earnings Ratio (70x) compared to the estimated Fair Price-To-Earnings Ratio (55.4x).

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 300604 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥44.81
CN¥40.78
-9.0%
8.4%CN¥44.20CN¥37.35n/a2
Jan ’26CN¥44.13
CN¥40.78
-7.6%
8.4%CN¥44.20CN¥37.35n/a2
Dec ’25CN¥45.70
CN¥40.78
-10.8%
8.4%CN¥44.20CN¥37.35n/a2
Nov ’25CN¥40.80
CN¥40.78
-0.06%
8.4%CN¥44.20CN¥37.35n/a2
May ’25CN¥29.35
CN¥38.98
+32.8%
13.4%CN¥44.20CN¥33.75n/a2
Apr ’25CN¥33.16
CN¥49.10
+48.1%
10.0%CN¥54.00CN¥44.20n/a2
Mar ’25CN¥29.47
CN¥49.10
+66.6%
10.0%CN¥54.00CN¥44.20n/a2
Feb ’25CN¥23.85
CN¥49.10
+105.9%
10.0%CN¥54.00CN¥44.20n/a2
Jan ’25CN¥37.99
CN¥49.10
+29.2%
10.0%CN¥54.00CN¥44.20CN¥44.132
Dec ’24CN¥42.12
CN¥52.10
+23.7%
15.2%CN¥60.00CN¥44.20CN¥45.702
Nov ’24CN¥39.95
CN¥49.00
+22.7%
22.4%CN¥60.00CN¥38.00CN¥40.802
Oct ’24CN¥33.53
CN¥49.00
+46.1%
22.4%CN¥60.00CN¥38.00CN¥37.912
Sep ’24CN¥37.42
CN¥49.00
+30.9%
22.4%CN¥60.00CN¥38.00CN¥30.552
Aug ’24CN¥42.34
CN¥49.00
+15.7%
22.4%CN¥60.00CN¥38.00CN¥33.502
Jul ’24CN¥47.49
CN¥49.00
+3.2%
22.4%CN¥60.00CN¥38.00CN¥27.532
Jun ’24CN¥50.10
CN¥49.00
-2.2%
22.4%CN¥60.00CN¥38.00CN¥28.402
May ’24CN¥48.20
CN¥49.00
+1.7%
22.4%CN¥60.00CN¥38.00CN¥29.352
Apr ’24CN¥48.36
CN¥50.90
+5.3%
17.9%CN¥60.00CN¥41.80CN¥33.162
Mar ’24CN¥43.70
CN¥50.90
+16.5%
17.9%CN¥60.00CN¥41.80CN¥29.472
Feb ’24CN¥44.49
CN¥50.90
+14.4%
17.9%CN¥60.00CN¥41.80CN¥23.852
Jan ’24CN¥44.58
CN¥64.00
+43.6%
21.9%CN¥78.00CN¥50.00CN¥37.992
Analyst Price Target
Consensus Narrative from 2 Analysts
CN¥40.78
Fair Value
9.9% overvalued intrinsic discount
2
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/18 02:57
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hangzhou Changchuan Technology Co.,Ltd is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shaohui YangBOCI Research Ltd.
Kai LiuEverbright Securities Co. Ltd.
Shuang WuGuosen Securities Co., Ltd.