Shenzhen Kingdom Sci-Tech Co., Ltd

SHSE:600446 Stock Report

Market Cap: CN¥14.5b

Shenzhen Kingdom Sci-Tech Valuation

Is 600446 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600446 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600446 (CN¥15.49) is trading below our estimate of fair value (CN¥28.22)

Significantly Below Fair Value: 600446 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600446?

Key metric: As 600446 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600446. This is calculated by dividing 600446's market cap by their current earnings.
What is 600446's PE Ratio?
PE Ratio68x
EarningsCN¥212.81m
Market CapCN¥14.47b

Price to Earnings Ratio vs Peers

How does 600446's PE Ratio compare to its peers?

The above table shows the PE ratio for 600446 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average64.2x
300682 Longshine Technology Group
25.2x18.3%CN¥14.1b
603039 Weaver Network Technology
52.7x8.4%CN¥13.3b
688232 Guo Tai Epoint SoftwareLtd
39.9x21.2%CN¥10.8b
688088 ArcSoft
139x40.7%CN¥13.4b
600446 Shenzhen Kingdom Sci-Tech
68x31.3%CN¥14.5b

Price-To-Earnings vs Peers: 600446 is expensive based on its Price-To-Earnings Ratio (68x) compared to the peer average (64.2x).

Price to Earnings Ratio vs Industry

How does 600446's PE Ratio compare vs other companies in the CN Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
000606 Shunliban Information ServiceLtd
2.7xn/aUS$29.57m
No more companies available in this PE range
600446 68.0xIndustry Avg. 87.6xNo. of Companies6PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600446 is good value based on its Price-To-Earnings Ratio (68x) compared to the CN Software industry average (101x).

Price to Earnings Ratio vs Fair Ratio

What is 600446's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600446 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio68x
Fair PE Ratio46.3x

Price-To-Earnings vs Fair Ratio: 600446 is expensive based on its Price-To-Earnings Ratio (68x) compared to the estimated Fair Price-To-Earnings Ratio (46.3x).

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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