Hangzhou Changchuan Technology Co.,Ltd

SZSE:300604 Stock Report

Market Cap: CN¥30.0b

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.

Below Fair Value: 300604 (CN¥47.83) is trading above our estimate of fair value (CN¥1.41)

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 Ratio74.7x
EarningsCN¥401.23m
Market CapCN¥29.98b

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 Average35.6x
300623 Jiangsu JieJie Microelectronics
66.7x17.9%CN¥27.3b
300776 Wuhan DR Laser TechnologyLtd
39.8x27.2%CN¥20.1b
603806 Hangzhou First Applied Material
25.6x22.4%CN¥43.0b
300724 Shenzhen S.C New Energy Technology
10.1x10.0%CN¥24.5b
300604 Hangzhou Changchuan TechnologyLtd
74.7x41.8%CN¥30.0b

Price-To-Earnings vs Peers: 300604 is expensive based on its Price-To-Earnings Ratio (74.7x) compared to the peer average (35.6x).

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 74.7xIndustry Avg. 64.5xNo. of Companies12PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 300604 is expensive based on its Price-To-Earnings Ratio (74.7x) compared to the CN Semiconductor industry average (64.5x).

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 Ratio74.7x
Fair PE Ratio58.6x

Price-To-Earnings vs Fair Ratio: 300604 is expensive based on its Price-To-Earnings Ratio (74.7x) compared to the estimated Fair Price-To-Earnings Ratio (58.6x).

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¥47.83
CN¥40.78
-14.8%
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¥44.20n/a2
Dec ’24CN¥42.12
CN¥52.10
+23.7%
15.2%CN¥60.00CN¥44.20n/a2
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
Dec ’23CN¥58.00
CN¥64.00
+10.3%
21.9%CN¥78.00CN¥50.00CN¥42.122
Nov ’23CN¥59.75
CN¥81.99
+37.2%
4.9%CN¥85.97CN¥78.00CN¥39.952

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

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