Sanan Optoelectronics Co.,Ltd

XSSC:600703 Stock Report

Market Cap: CN¥59.3b

Sanan OptoelectronicsLtd Valuation

Is 600703 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 600703 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CN¥1.07
Fair Value
1.1k% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: 600703 (CN¥12.29) is trading above our estimate of fair value (CN¥1.07)

Significantly Below Fair Value: 600703 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600703?

Key metric: As 600703 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600703. This is calculated by dividing 600703's market cap by their current revenue.
What is 600703's PS Ratio?
PS Ratio3.7x
SalesCN¥16.11b
Market CapCN¥59.33b

Price to Sales Ratio vs Peers

How does 600703's PS Ratio compare to its peers?

The above table shows the PS ratio for 600703 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.5x
600584 JCET Group
1.6x9.9%CN¥59.8b
688396 China Resources Microelectronics
5.9x12.4%CN¥61.2b
603893 Rockchip Electronics
20.4x21.8%CN¥70.8b
300661 SG Micro
14x20.8%CN¥47.8b
600703 Sanan OptoelectronicsLtd
3.7x13.4%CN¥59.3b

Price-To-Sales vs Peers: 600703 is good value based on its Price-To-Sales Ratio (3.7x) compared to the peer average (11.5x).

Price to Sales Ratio vs Industry

How does 600703's PS Ratio compare vs other companies in the CN Semiconductor Industry?

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
600438 TongweiLtd
0.7x16.1%US$9.87b
688223 Jinko Solar
0.7x18.0%US$7.54b
688472 CSI Solar
0.7x18.3%US$4.45b
002459 JA Solar Technology
0.5x16.9%US$4.31b
600703 3.7xIndustry Avg. 6.7xNo. of Companies24PS048121620+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 600703 is good value based on its Price-To-Sales Ratio (3.7x) compared to the CN Semiconductor industry average (6.7x).

Price to Sales Ratio vs Fair Ratio

What is 600703'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.

600703 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.7x
Fair PS Ratio2.9x

Price-To-Sales vs Fair Ratio: 600703 is expensive based on its Price-To-Sales Ratio (3.7x) compared to the estimated Fair Price-To-Sales Ratio (2.9x).

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 600703 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥12.29
CN¥11.27
-8.3%
13.8%CN¥13.42CN¥9.00n/a6
Apr ’26CN¥11.99
CN¥10.96
-8.6%
12.0%CN¥13.42CN¥9.15n/a6
Mar ’26CN¥12.25
CN¥11.01
-10.1%
11.8%CN¥13.42CN¥9.15n/a6
Feb ’26CN¥11.46
CN¥11.01
-3.9%
11.8%CN¥13.42CN¥9.15n/a6
Jan ’26CN¥12.17
CN¥11.01
-9.5%
11.8%CN¥13.42CN¥9.15n/a6
Dec ’25CN¥12.93
CN¥11.01
-14.8%
11.8%CN¥13.42CN¥9.15n/a6
Nov ’25CN¥13.25
CN¥11.03
-16.8%
11.7%CN¥13.42CN¥9.15n/a6
Oct ’25CN¥12.46
CN¥11.03
-11.5%
11.7%CN¥13.42CN¥9.15n/a6
Sep ’25CN¥10.45
CN¥11.03
+5.5%
11.7%CN¥13.42CN¥9.15n/a6
Aug ’25CN¥11.96
CN¥12.35
+3.3%
12.4%CN¥15.00CN¥10.70n/a6
Jul ’25CN¥11.84
CN¥13.15
+11.1%
13.3%CN¥15.60CN¥10.70n/a6
Jun ’25CN¥12.53
CN¥13.71
+9.4%
16.2%CN¥16.76CN¥10.70n/a6
May ’25CN¥12.53
CN¥13.91
+11.0%
17.1%CN¥16.76CN¥10.70CN¥12.295
Apr ’25CN¥12.46
CN¥14.02
+12.5%
13.4%CN¥16.76CN¥11.55CN¥11.996
Mar ’25CN¥13.68
CN¥14.02
+2.5%
13.4%CN¥16.76CN¥11.55CN¥12.256
Feb ’25CN¥11.40
CN¥14.02
+23.0%
13.4%CN¥16.76CN¥11.55CN¥11.466
Jan ’25CN¥13.85
CN¥14.02
+1.2%
13.4%CN¥16.76CN¥11.55CN¥12.176
Dec ’24CN¥13.84
CN¥14.85
+7.3%
20.0%CN¥19.84CN¥11.55CN¥12.936
Nov ’24CN¥14.97
CN¥15.30
+2.2%
22.9%CN¥20.20CN¥11.55CN¥13.256
Oct ’24CN¥15.42
CN¥17.00
+10.2%
24.8%CN¥24.00CN¥12.25CN¥12.467
Sep ’24CN¥15.65
CN¥17.61
+12.5%
23.8%CN¥24.00CN¥12.25CN¥10.458
Aug ’24CN¥16.89
CN¥18.65
+10.4%
20.5%CN¥24.00CN¥12.25CN¥11.968
Jul ’24CN¥17.24
CN¥18.94
+9.8%
20.3%CN¥24.00CN¥12.85CN¥11.848
Jun ’24CN¥19.18
CN¥18.74
-2.3%
22.3%CN¥24.00CN¥11.40CN¥12.538
May ’24CN¥17.78
CN¥18.58
+4.5%
23.9%CN¥24.00CN¥11.40CN¥12.537
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
CN¥11.27
Fair Value
9.1% overvalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/01 19:14
End of Day Share Price 2025/04/30 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Sanan Optoelectronics Co.,Ltd is covered by 26 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zhiyong ZhuAJ Securities Co., Ltd
Kexin ZhuBofA Global Research
Xuelai LiChina International Capital Corporation Limited