Changsha Jingjia Microelectronics Co., Ltd.

XSEC:300474 Stock Report

Market Cap: CN¥38.6b

Changsha Jingjia Microelectronics Valuation

Is 300474 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-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 300474 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300474 (CN¥82.25) is trading above our estimate of fair value (CN¥1.6)

Significantly Below Fair Value: 300474 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300474?

Key metric: As 300474 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 300474. This is calculated by dividing 300474's market cap by their current revenue.
What is 300474's PS Ratio?
PS Ratio43.1x
SalesCN¥893.84m
Market CapCN¥38.56b

Price to Sales Ratio vs Peers

How does 300474's PS Ratio compare to its peers?

The above table shows the PS ratio for 300474 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.4x
002185 Tianshui Huatian Technology
2.7x11.7%CN¥37.4b
603160 Shenzhen Goodix Technology
8.4x15.6%CN¥37.4b
300661 SG Micro
12.5x21.9%CN¥39.8b
688469 United Nova TechnologyLtd
6.1x24.1%CN¥36.9b
300474 Changsha Jingjia Microelectronics
48.1x29.3%CN¥43.0b

Price-To-Sales vs Peers: 300474 is expensive based on its Price-To-Sales Ratio (48.1x) compared to the peer average (7.4x).

Price to Sales Ratio vs Industry

How does 300474's PS Ratio compare vs other companies in the CN Semiconductor Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
688223 Jinko Solar
0.8x11.4%US$11.88b
002459 JA Solar Technology
0.7x15.0%US$7.50b
688599 Trina Solar
0.5x12.5%US$7.03b
002506 GCL System Integration Technology
0.9x33.5%US$2.19b
300474 43.1xIndustry Avg. 6.8xNo. of Companies25PS048121620+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 300474 is expensive based on its Price-To-Sales Ratio (48.1x) compared to the CN Semiconductor industry average (6.8x).

Price to Sales Ratio vs Fair Ratio

What is 300474'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.

300474 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio43.1x
Fair PS Ratio20.9x

Price-To-Sales vs Fair Ratio: 300474 is expensive based on its Price-To-Sales Ratio (48.1x) compared to the estimated Fair Price-To-Sales Ratio (21.3x).

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 300474 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥82.25
CN¥94.48
+14.9%
16.1%CN¥105.41CN¥73.00n/a3
Nov ’25CN¥85.46
CN¥94.48
+10.6%
16.1%CN¥105.41CN¥73.00n/a3
Oct ’25CN¥76.43
CN¥80.39
+5.2%
22.6%CN¥105.41CN¥62.75n/a3
Sep ’25CN¥56.33
CN¥80.39
+42.7%
22.6%CN¥105.41CN¥62.75n/a3
Aug ’25CN¥65.78
CN¥85.08
+29.3%
17.0%CN¥105.41CN¥73.00n/a3
Dec ’24CN¥84.88
CN¥100.14
+18.0%
5.9%CN¥106.00CN¥94.27n/a2
Nov ’24CN¥83.40
CN¥100.14
+20.1%
5.9%CN¥106.00CN¥94.27CN¥85.462
Oct ’24CN¥81.09
CN¥94.33
+16.3%
12.4%CN¥106.00CN¥82.66CN¥76.432
Sep ’24CN¥73.56
CN¥94.33
+28.2%
12.4%CN¥106.00CN¥82.66CN¥56.332
Aug ’24CN¥77.34
CN¥113.22
+46.4%
6.4%CN¥120.43CN¥106.00CN¥65.782
Jul ’24CN¥89.99
CN¥113.22
+25.8%
6.4%CN¥120.43CN¥106.00CN¥62.762
Jun ’24CN¥106.68
CN¥113.22
+6.1%
6.4%CN¥120.43CN¥106.00CN¥69.352
Jan ’24CN¥54.57
CN¥72.17
+32.3%
3.2%CN¥75.15CN¥69.42CN¥70.713
Dec ’23CN¥60.14
CN¥72.17
+20.0%
3.2%CN¥75.15CN¥69.42CN¥84.883
Nov ’23CN¥68.53
CN¥72.17
+5.3%
3.2%CN¥75.15CN¥69.42CN¥83.403

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

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