TCL Zhonghuan Renewable Energy Technology Co.,Ltd.

XSEC:002129 Stock Report

Market Cap: CN¥38.0b

TCL Zhonghuan Renewable Energy TechnologyLtd Valuation

Is 002129 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 002129 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002129 (CN¥9.42) is trading above our estimate of fair value (CN¥7.25)

Significantly Below Fair Value: 002129 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002129?

Other financial metrics that can be useful for relative valuation.

002129 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/Revenue2.3x
Enterprise Value/EBITDA15.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 002129's PS Ratio compare to its peers?

The above table shows the PS ratio for 002129 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7x
688126 National Silicon Industry GroupLtd
13.6x19.0%CN¥43.5b
688303 Xinjiang Daqo New EnergyLtd
4.1x18.4%CN¥47.8b
688082 ACM Research (Shanghai)
8.4x21.8%CN¥39.2b
603806 Hangzhou First Applied Material
1.8x14.2%CN¥41.8b
002129 TCL Zhonghuan Renewable Energy TechnologyLtd
0.9x17.8%CN¥38.0b

Price-To-Sales vs Peers: 002129 is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (7x).


Price to Earnings Ratio vs Industry

How does 002129's PE Ratio compare vs other companies in the CN Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a43.5%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a43.5%
n/an/an/a
No more companies

Price-To-Sales vs Industry: 002129 is good value based on its Price-To-Sales Ratio (0.9x) compared to the CN Semiconductor industry average (5.4x).


Price to Sales Ratio vs Fair Ratio

What is 002129'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.

002129 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: 002129 is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).


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 002129 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥9.42
CN¥12.63
+34.1%
86.0%CN¥43.00CN¥6.14n/a9
Sep ’25CN¥8.23
CN¥12.63
+53.4%
86.0%CN¥43.00CN¥6.10n/a9
Aug ’25CN¥8.53
CN¥14.76
+73.0%
70.3%CN¥43.00CN¥6.10n/a9
Jul ’25CN¥8.80
CN¥16.79
+90.8%
59.9%CN¥43.00CN¥10.35n/a9
Jun ’25CN¥11.05
CN¥18.38
+66.4%
55.8%CN¥43.00CN¥10.35n/a9
May ’25CN¥10.43
CN¥18.61
+78.4%
55.1%CN¥43.00CN¥10.35n/a9
Apr ’25CN¥12.32
CN¥22.97
+86.5%
35.3%CN¥43.00CN¥13.00n/a9
Mar ’25CN¥13.60
CN¥22.97
+68.9%
35.3%CN¥43.00CN¥13.00n/a9
Feb ’25CN¥12.60
CN¥27.64
+119.4%
43.9%CN¥55.00CN¥15.14n/a9
Jan ’25CN¥15.64
CN¥31.02
+98.3%
34.5%CN¥55.00CN¥20.00n/a10
Dec ’24CN¥16.33
CN¥31.02
+89.9%
34.5%CN¥55.00CN¥20.00n/a10
Nov ’24CN¥18.07
CN¥33.25
+84.0%
33.1%CN¥55.00CN¥20.00n/a11
Oct ’24CN¥23.38
CN¥36.07
+54.3%
29.9%CN¥61.00CN¥23.74n/a11
Sep ’24CN¥25.78
CN¥36.07
+39.9%
29.9%CN¥61.00CN¥23.74CN¥8.2311
Aug ’24CN¥28.45
CN¥42.38
+49.0%
25.6%CN¥61.00CN¥25.70CN¥8.5312
Jul ’24CN¥33.20
CN¥43.83
+32.0%
25.6%CN¥61.60CN¥25.70CN¥8.8012
Jun ’24CN¥29.16
CN¥47.21
+61.9%
19.4%CN¥61.60CN¥31.38CN¥11.059
May ’24CN¥33.26
CN¥49.81
+49.7%
20.9%CN¥64.88CN¥31.38CN¥10.439
Apr ’24CN¥38.77
CN¥49.69
+28.2%
21.0%CN¥64.88CN¥31.38CN¥12.329
Mar ’24CN¥35.30
CN¥49.94
+41.5%
24.6%CN¥66.79CN¥31.38CN¥13.609
Feb ’24CN¥34.16
CN¥49.94
+46.2%
24.6%CN¥66.79CN¥31.38CN¥12.609
Jan ’24CN¥30.13
CN¥54.86
+82.1%
21.5%CN¥66.79CN¥35.85CN¥15.647
Dec ’23CN¥33.63
CN¥54.86
+63.1%
21.5%CN¥66.79CN¥35.85CN¥16.337
Nov ’23CN¥33.38
CN¥54.51
+63.3%
21.4%CN¥66.79CN¥35.85CN¥18.077
Oct ’23CN¥35.81
CN¥56.25
+57.1%
18.2%CN¥68.60CN¥35.85CN¥23.387
Sep ’23CN¥38.86
CN¥56.25
+44.8%
18.2%CN¥68.60CN¥35.85CN¥25.787

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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