Highbroad Advanced Material (Hefei) Valuation

Is 301321 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 301321 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 301321's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 301321's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 301321?

Key metric: As 301321 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 301321. This is calculated by dividing 301321's market cap by their current revenue.
What is 301321's PS Ratio?
PS Ratio	1.3x
Sales	CN¥2.24b
Market Cap	CN¥2.97b

301321 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	1.8x
Enterprise Value/EBITDA	-94.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 301321's PS Ratio compare to its peers?

The above table shows the PS ratio for 301321 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	7.9x
688693 Suzhou Convert Semiconductor	18x	n/a	CN¥2.7b
688662 Guangdong Fuxin Technology	6x	30.1%	CN¥2.9b
603933 Fujian Raynen Technology	1.7x	n/a	CN¥3.2b
688061 Shanghai Orient-Chip TechnologyLTD	5.7x	23.2%	CN¥3.3b
301321 Highbroad Advanced Material (Hefei)	1.3x	n/a	CN¥3.0b

Price-To-Sales vs Peers: 301321 is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (7.9x).

Price to Sales Ratio vs Industry

How does 301321's PS Ratio compare vs other companies in the CN Semiconductor Industry?

12 Companies	Price / Sales	Estimated Growth	Market Cap
688223 Jinko Solar	0.8x	11.4%	US$11.88b
002459 JA Solar Technology	0.7x	15.0%	US$7.51b
688599 Trina Solar	0.5x	12.5%	US$7.03b
002506 GCL System Integration Technology	0.8x	33.5%	US$2.19b

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 301321 is good value based on its Price-To-Sales Ratio (1.3x) compared to the CN Semiconductor industry average (6.8x).

Price to Sales Ratio vs Fair Ratio

What is 301321'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.

301321 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 301321's Price-To-Sales Fair Ratio for valuation analysis.

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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