Shanghai Wondertek Software Valuation

Is 603189 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 603189 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603189 (CN¥16.55) is trading below our estimate of fair value (CN¥38.06)

Significantly Below Fair Value: 603189 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603189?

Key metric: As 603189 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603189. This is calculated by dividing 603189's market cap by their current revenue.
What is 603189's PS Ratio?
PS Ratio	13.6x
Sales	CN¥325.27m
Market Cap	CN¥4.42b

603189 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	11.1x
Enterprise Value/EBITDA	112.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 603189's PS Ratio compare to its peers?

The above table shows the PS ratio for 603189 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	8.7x
300399 Jiangxi Tianli Technology	8.3x	n/a	CN¥4.0b
688579 Dareway SoftwareLtd	7.3x	n/a	CN¥4.1b
300608 Beijing Si-Tech Information Technology	5.1x	n/a	CN¥4.0b
300081 Hengxin Shambala CultureLtd	14.2x	n/a	CN¥5.0b
603189 Shanghai Wondertek Software	13.6x	n/a	CN¥4.4b

Price-To-Sales vs Peers: 603189 is expensive based on its Price-To-Sales Ratio (13.6x) compared to the peer average (8.7x).

Price to Sales Ratio vs Industry

How does 603189's PS Ratio compare vs other companies in the CN Software Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
300038 Beijing Shuzhi TechnologyLtd	0.2x	n/a	US$52.48m
688555 Essence Information Technology	0.7x	n/a	US$12.88m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 603189 is expensive based on its Price-To-Sales Ratio (13.6x) compared to the CN Software industry average (7.3x).

Price to Sales Ratio vs Fair Ratio

What is 603189'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.

603189 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	13.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 603189's Price-To-Sales Fair Ratio for valuation analysis.

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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