Hunan Goke MicroelectronicsLtd Valuation

Is 300672 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 300672 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300672 (CN¥70.81) is trading below our estimate of fair value (CN¥119.19)

Significantly Below Fair Value: 300672 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300672?

Key metric: As 300672 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 300672. This is calculated by dividing 300672's market cap by their current revenue.
What is 300672's PS Ratio?
PS Ratio	6.8x
Sales	CN¥2.24b
Market Cap	CN¥15.30b

300672 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	7.2x
Enterprise Value/EBITDA	-153.9x
PEG Ratio	8.2x

Price to Sales Ratio vs Peers

How does 300672's PS Ratio compare to its peers?

The above table shows the PS ratio for 300672 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	9.4x
688709 Chengdu Sino-Microelectronics Tech	21x	31.1%	CN¥16.1b
605111 Wuxi NCE PowerLtd	8.7x	16.3%	CN¥15.2b
688018 Espressif Systems (Shanghai)	7.3x	22.7%	CN¥14.0b
300118 Risen EnergyLtd	0.7x	n/a	CN¥16.2b
300672 Hunan Goke MicroelectronicsLtd	6.8x	4.8%	CN¥15.3b

Price-To-Sales vs Peers: 300672 is good value based on its Price-To-Sales Ratio (6.8x) compared to the peer average (9.8x).

Price to Sales Ratio vs Industry

How does 300672's PS Ratio compare vs other companies in the CN Semiconductor Industry?

11 Companies	Price / Sales	Estimated Growth	Market Cap
688223 Jinko Solar	0.8x	11.4%	US$12.10b
002459 JA Solar Technology	0.7x	15.0%	US$7.99b
688599 Trina Solar	0.5x	12.5%	US$7.37b
600667 Wuxi Taiji Industry Limited	0.5x	13.0%	US$2.52b

11 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 300672 is good value based on its Price-To-Sales Ratio (6.8x) compared to the CN Semiconductor industry average (7.7x).

Price to Sales Ratio vs Fair Ratio

What is 300672'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.

300672 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	6.8x
Fair PS Ratio	2.4x

Price-To-Sales vs Fair Ratio: 300672 is expensive based on its Price-To-Sales Ratio (6.8x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).

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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