Fujian Apex Software Co.,LTD

SHSE:603383 Stock Report

Market Cap: CN¥7.9b

Fujian Apex SoftwareLTD Valuation

Is 603383 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 603383 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603383 (CN¥38.75) is trading below our estimate of fair value (CN¥48.96)

Significantly Below Fair Value: 603383 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603383?

Key metric: As 603383 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603383. This is calculated by dividing 603383's market cap by their current earnings.
What is 603383's PE Ratio?
PE Ratio37.1x
EarningsCN¥214.55m
Market CapCN¥7.93b

Price to Earnings Ratio vs Peers

How does 603383's PE Ratio compare to its peers?

The above table shows the PE ratio for 603383 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.4x
300378 Digiwin
54.5x24.7%CN¥7.2b
300687 Guangzhou Sie Consulting
36.5x29.9%CN¥7.8b
600571 Sunyard TechnologyLtd
88.5xn/aCN¥5.8b
300872 Tansun Technology
50x18.4%CN¥6.9b
603383 Fujian Apex SoftwareLTD
37.1x24.1%CN¥7.9b

Price-To-Earnings vs Peers: 603383 is good value based on its Price-To-Earnings Ratio (37.1x) compared to the peer average (57.4x).

Price to Earnings Ratio vs Industry

How does 603383'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
603383 37.1xIndustry Avg. 87.9xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603383 is good value based on its Price-To-Earnings Ratio (37.1x) compared to the CN Software industry average (87.9x).

Price to Earnings Ratio vs Fair Ratio

What is 603383'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.

603383 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.1x
Fair PE Ratio39.6x

Price-To-Earnings vs Fair Ratio: 603383 is good value based on its Price-To-Earnings Ratio (37.1x) compared to the estimated Fair Price-To-Earnings Ratio (39.6x).

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 603383 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥38.75
CN¥41.99
+8.4%
9.5%CN¥46.00CN¥36.90n/a4
Nov ’25CN¥39.77
CN¥41.99
+5.6%
9.5%CN¥46.00CN¥36.90n/a4
Oct ’25CN¥37.70
CN¥40.07
+6.3%
8.5%CN¥45.76CN¥36.90n/a4
Sep ’25CN¥26.76
CN¥41.13
+53.7%
8.0%CN¥45.76CN¥38.33n/a3
Aug ’25CN¥32.21
CN¥47.93
+48.8%
25.3%CN¥68.33CN¥38.33n/a4
Jul ’25CN¥32.00
CN¥47.93
+49.8%
25.3%CN¥68.33CN¥38.33n/a4
Jun ’25CN¥33.25
CN¥47.93
+44.1%
25.3%CN¥68.33CN¥38.33n/a4
May ’25CN¥31.67
CN¥50.81
+60.4%
25.1%CN¥68.33CN¥38.33n/a3
Apr ’25CN¥32.32
CN¥56.09
+73.6%
16.6%CN¥68.33CN¥45.76n/a3
Mar ’25CN¥35.58
CN¥56.09
+57.6%
16.6%CN¥68.33CN¥45.76n/a3
Feb ’25CN¥31.50
CN¥56.09
+78.1%
16.6%CN¥68.33CN¥45.76n/a3
Jan ’25CN¥41.08
CN¥59.70
+45.3%
23.8%CN¥79.17CN¥45.76n/a3
Dec ’24CN¥47.60
CN¥59.70
+25.4%
23.8%CN¥79.17CN¥45.76n/a3
Nov ’24CN¥44.93
CN¥62.46
+39.0%
26.7%CN¥79.17CN¥45.76CN¥39.772
Oct ’24CN¥51.83
CN¥63.28
+22.1%
25.1%CN¥79.17CN¥47.40CN¥37.702
Sep ’24CN¥52.84
CN¥59.95
+13.5%
20.9%CN¥72.50CN¥47.40CN¥26.762
Aug ’24CN¥48.30
CN¥60.81
+25.9%
19.2%CN¥72.50CN¥49.13CN¥32.212

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

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