Zhejiang Chengchang Technology (XSEC:001270) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 001270 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

001270 (CN¥42.9) is trading above our estimate of [[fair value]] (CN¥2.05)

Share Price vs Fair Value

What is the Fair Price of 001270 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 001270 (CN¥42.9) is trading above our estimate of fair value (CN¥2.05)

Significantly Below Fair Value: 001270 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 001270?

Key metric: As 001270 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 001270. This is calculated by dividing 001270's market cap by their current revenue.
What is 001270's PS Ratio?
PS Ratio	41x
Sales	CN¥216.93m
Market Cap	CN¥8.89b

001270 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	39.6x
Enterprise Value/EBITDA	-636.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 001270's PS Ratio compare to its peers?

The above table shows the PS ratio for 001270 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	12x
300303 Shenzhen Jufei Optoelectronics	3.2x	n/a	CN¥9.3b
300323 BOE HC SemiTek	2.5x	n/a	CN¥9.8b
688262 C*Core Technology	21.5x	40.1%	CN¥11.1b
688593 Shanghai New Vision Microelectronics	20.9x	n/a	CN¥9.9b
001270 Zhejiang Chengchang Technology	41x	40.4%	CN¥8.9b

Price-To-Sales vs Peers: 001270 is expensive based on its Price-To-Sales Ratio (41x) compared to the peer average (12x).

Price to Sales Ratio vs Industry

How does 001270'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$7.50b
688599 Trina Solar	0.5x	12.5%	US$7.03b
002506 GCL System Integration Technology	0.9x	33.5%	US$2.19b

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 001270 is expensive based on its Price-To-Sales Ratio (41x) compared to the CN Semiconductor industry average (6.8x).

Price to Sales Ratio vs Fair Ratio

What is 001270'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.

001270 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	41x
Fair PS Ratio	20.3x

Price-To-Sales vs Fair Ratio: 001270 is expensive based on its Price-To-Sales Ratio (41x) compared to the estimated Fair Price-To-Sales Ratio (20.3x).

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 001270 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥42.90	CN¥47.68 +11.1%	18.5%	CN¥59.19	CN¥37.69	n/a	3
Nov ’25	CN¥40.42	CN¥47.68 +18.0%	18.5%	CN¥59.19	CN¥37.69	n/a	3
Oct ’25	CN¥35.56	CN¥41.04 +15.4%	9.0%	CN¥46.15	CN¥37.69	n/a	3
Sep ’25	CN¥29.97	CN¥41.04 +36.9%	9.0%	CN¥46.15	CN¥37.69	n/a	3
Aug ’25	CN¥37.05	CN¥52.69 +42.2%	11.5%	CN¥60.80	CN¥46.15	n/a	3
Jul ’25	CN¥35.40	CN¥52.69 +48.9%	11.5%	CN¥60.80	CN¥46.15	n/a	3
Jun ’25	CN¥41.84	CN¥52.69 +25.9%	11.5%	CN¥60.80	CN¥46.15	n/a	3
May ’25	CN¥40.50	CN¥52.69 +30.1%	11.5%	CN¥60.80	CN¥46.15	n/a	3
Apr ’25	CN¥45.08	CN¥69.92 +55.1%	13.0%	CN¥79.03	CN¥60.80	n/a	2
Mar ’25	CN¥42.85	CN¥78.82 +83.9%	0.3%	CN¥79.03	CN¥78.62	n/a	2
Feb ’25	CN¥34.24	CN¥78.82 +130.2%	0.3%	CN¥79.03	CN¥78.62	n/a	2
Jan ’25	CN¥48.24	CN¥78.82 +63.4%	0.3%	CN¥79.03	CN¥78.62	n/a	2
Dec ’24	CN¥61.77	CN¥78.82 +27.6%	0.3%	CN¥79.03	CN¥78.62	n/a	2
Nov ’24	CN¥66.28	CN¥78.82 +18.9%	0.3%	CN¥79.03	CN¥78.62	CN¥40.42	2
Oct ’24	CN¥63.71	CN¥72.30 +13.5%	7.4%	CN¥79.03	CN¥65.93	CN¥35.56	3
Sep ’24	CN¥66.62	CN¥72.30 +8.5%	7.4%	CN¥79.03	CN¥65.93	CN¥29.97	3
Aug ’24	CN¥64.95	CN¥84.54 +30.2%	22.5%	CN¥110.64	CN¥65.93	CN¥37.05	3
Jul ’24	CN¥67.15	CN¥74.01 +10.2%	7.8%	CN¥79.03	CN¥65.93	CN¥35.40	3
Jun ’24	CN¥60.05	CN¥74.01 +23.2%	7.8%	CN¥79.03	CN¥65.93	CN¥41.84	3
May ’24	CN¥67.06	CN¥74.01 +10.4%	7.8%	CN¥79.03	CN¥65.93	CN¥40.50	3
Apr ’24	CN¥63.26	CN¥74.01 +17.0%	7.8%	CN¥79.03	CN¥65.93	CN¥45.08	3
Mar ’24	n/a	CN¥70.73 0%	2.8%	CN¥72.70	CN¥68.76	CN¥42.85	2
Feb ’24	n/a	CN¥70.73 0%	2.8%	CN¥72.70	CN¥68.76	CN¥34.24	2
Jan ’24	n/a	CN¥70.73 0%	2.8%	CN¥72.70	CN¥68.76	CN¥48.24	2

Analyst Forecast: Target price is less than 20% higher than the current share price.

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