JA Solar Technology Co., Ltd.

XSEC:002459 Stock Report

Market Cap: CN¥47.9b

JA Solar Technology Valuation

Is 002459 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 002459 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002459 (CN¥14.6) is trading below our estimate of fair value (CN¥105.37)

Significantly Below Fair Value: 002459 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002459?

Key metric: As 002459 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002459. This is calculated by dividing 002459's market cap by their current revenue.
What is 002459's PS Ratio?
PS Ratio0.6x
SalesCN¥75.92b
Market CapCN¥47.93b

Price to Sales Ratio vs Peers

How does 002459's PS Ratio compare to its peers?

The above table shows the PS ratio for 002459 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.1x
688608 Bestechnic (Shanghai)
13.5x24.3%CN¥41.6b
688599 Trina Solar
0.5x12.6%CN¥47.2b
600460 Hangzhou Silan MicroelectronicsLtd
4.5x12.1%CN¥48.2b
002156 Tongfu MicroelectronicsLtd
2x17.9%CN¥45.8b
002459 JA Solar Technology
0.6x13.9%CN¥47.9b

Price-To-Sales vs Peers: 002459 is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (5.1x).

Price to Sales Ratio vs Industry

How does 002459's PS Ratio compare vs other companies in the CN Semiconductor Industry?

23 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.7.3x24.3%
002459 JA Solar Technology
 0.6x13.9%US$6.57b
601012 LONGi Green Energy Technology
1.3x12.8%US$16.93b
600438 TongweiLtd
1x18.0%US$13.67b
002459 0.6xIndustry Avg. 7.3xNo. of Companies32PS0612182430+
23 CompaniesEstimated GrowthMarket Cap
Industry Avg.7.3x47.0%
002459 JA Solar Technology
 0.6x55.7%US$6.57b
No more companies

Price-To-Sales vs Industry: 002459 is good value based on its Price-To-Sales Ratio (0.6x) compared to the CN Semiconductor industry average (7.3x).

Price to Sales Ratio vs Fair Ratio

What is 002459'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.

002459 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio2.8x

Price-To-Sales vs Fair Ratio: 002459 is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).

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 002459 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥14.60
CN¥20.92
+43.3%
31.1%CN¥32.62CN¥9.20n/a12
Dec ’25CN¥17.40
CN¥20.82
+19.7%
32.6%CN¥32.62CN¥9.20n/a11
Nov ’25CN¥18.15
CN¥19.19
+5.7%
39.0%CN¥32.62CN¥9.20n/a11
Oct ’25CN¥13.55
CN¥14.19
+4.7%
45.6%CN¥32.62CN¥8.80n/a11
Sep ’25CN¥9.89
CN¥15.88
+60.6%
40.0%CN¥32.62CN¥8.00n/a12
Aug ’25CN¥10.64
CN¥17.48
+64.3%
37.0%CN¥32.62CN¥8.00n/a12
Jul ’25CN¥11.25
CN¥18.61
+65.4%
30.8%CN¥32.62CN¥10.90n/a12
Jun ’25CN¥15.10
CN¥20.80
+37.7%
36.8%CN¥35.00CN¥10.90n/a13
May ’25CN¥14.22
CN¥26.95
+89.5%
35.3%CN¥51.66CN¥12.90n/a14
Apr ’25CN¥17.89
CN¥27.70
+54.9%
32.5%CN¥51.66CN¥15.30n/a14
Mar ’25CN¥18.87
CN¥27.63
+46.4%
32.9%CN¥51.66CN¥15.30n/a14
Feb ’25CN¥17.78
CN¥27.63
+55.4%
32.9%CN¥51.66CN¥15.30n/a14
Jan ’25CN¥20.72
CN¥30.82
+48.7%
35.9%CN¥51.68CN¥17.00n/a12
Dec ’24CN¥19.70
CN¥31.49
+59.8%
32.7%CN¥51.68CN¥18.00CN¥17.4012
Nov ’24CN¥21.98
CN¥36.16
+64.5%
35.8%CN¥61.43CN¥18.00CN¥18.1513
Oct ’24CN¥25.58
CN¥42.97
+68.0%
22.0%CN¥61.43CN¥28.00CN¥13.5513
Sep ’24CN¥27.75
CN¥51.02
+83.9%
14.9%CN¥61.43CN¥36.48CN¥9.8912
Aug ’24CN¥32.18
CN¥54.54
+69.5%
9.7%CN¥61.43CN¥44.00CN¥10.6412
Jul ’24CN¥41.70
CN¥55.42
+32.9%
8.2%CN¥61.43CN¥47.30CN¥11.2511
Jun ’24CN¥35.20
CN¥55.33
+57.2%
8.2%CN¥61.43CN¥47.30CN¥15.1011
May ’24CN¥40.39
CN¥57.45
+42.2%
9.0%CN¥69.28CN¥49.57CN¥14.2212
Apr ’24CN¥40.96
CN¥58.73
+43.4%
10.7%CN¥69.93CN¥47.79CN¥17.8911
Mar ’24CN¥42.04
CN¥60.94
+45.0%
10.6%CN¥73.71CN¥51.43CN¥18.878
Feb ’24CN¥46.46
CN¥60.94
+31.2%
10.6%CN¥73.71CN¥51.43CN¥17.788
Jan ’24CN¥42.92
CN¥60.22
+40.3%
10.3%CN¥71.44CN¥51.43CN¥20.727
Dec ’23CN¥41.52
CN¥65.11
+56.8%
7.9%CN¥71.44CN¥58.50CN¥19.705

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 06:31
End of Day Share Price 2024/12/20 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

JA Solar Technology Co., Ltd. is covered by 26 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gary TsangBofA Global Research
Christeen SoCCB International Securities Limited
Jian Xiong LimCFRA Equity Research