Piesat Information Technology Co., Ltd.

SHSE:688066 Stock Report

Market Cap: CN¥6.2b

Piesat Information Technology Valuation

Is 688066 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-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 688066 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688066 (CN¥23.75) is trading above our estimate of fair value (CN¥2.07)

Significantly Below Fair Value: 688066 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688066?

Key metric: As 688066 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 688066. This is calculated by dividing 688066's market cap by their current revenue.
What is 688066's PS Ratio?
PS Ratio3.9x
SalesCN¥1.58b
Market CapCN¥6.21b

Price to Sales Ratio vs Peers

How does 688066's PS Ratio compare to its peers?

The above table shows the PS ratio for 688066 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.2x
300520 GuoChuang SoftwareLtd
3.9x22.8%CN¥7.0b
600571 Sunyard TechnologyLtd
2.9xn/aCN¥5.9b
300872 Tansun Technology
3.5x12.7%CN¥6.6b
688095 Fujian Foxit Software Development
10.4x18.2%CN¥7.1b
688066 Piesat Information Technology
3.9x28.5%CN¥6.2b

Price-To-Sales vs Peers: 688066 is good value based on its Price-To-Sales Ratio (3.9x) compared to the peer average (5.2x).

Price to Sales Ratio vs Industry

How does 688066's PS Ratio compare vs other companies in the CN Software Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
300038 Beijing Shuzhi TechnologyLtd
0.2xn/aUS$52.48m
688555 Essence Information Technology
0.7xn/aUS$12.88m
No more companies available in this PS range
688066 3.9xIndustry Avg. 7.0xNo. of Companies20PS048121620+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 688066 is good value based on its Price-To-Sales Ratio (3.9x) compared to the CN Software industry average (7.3x).

Price to Sales Ratio vs Fair Ratio

What is 688066'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.

688066 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.9x
Fair PS Ratio4.4x

Price-To-Sales vs Fair Ratio: 688066 is good value based on its Price-To-Sales Ratio (3.9x) compared to the estimated Fair Price-To-Sales Ratio (4.4x).

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 688066 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥23.75
CN¥24.38
+2.7%
27.3%CN¥31.61CN¥15.53n/a3
Nov ’25CN¥19.77
CN¥24.38
+23.3%
27.3%CN¥31.61CN¥15.53n/a3
Oct ’25CN¥18.17
CN¥20.47
+12.7%
21.0%CN¥26.00CN¥15.53n/a3
Sep ’25CN¥13.16
CN¥24.48
+86.0%
13.5%CN¥27.54CN¥19.89n/a3
Aug ’25CN¥17.84
CN¥27.09
+51.9%
2.9%CN¥27.74CN¥26.00n/a3
Jul ’25CN¥17.38
CN¥27.09
+55.9%
2.9%CN¥27.74CN¥26.00n/a3
Jun ’25CN¥21.51
CN¥27.09
+26.0%
2.9%CN¥27.74CN¥26.00n/a3
May ’25CN¥22.34
CN¥27.09
+21.3%
2.9%CN¥27.74CN¥26.00n/a3
Apr ’25CN¥27.30
CN¥64.13
+134.9%
18.5%CN¥84.47CN¥54.44n/a4
Mar ’25CN¥25.76
CN¥62.10
+141.1%
18.3%CN¥84.47CN¥54.00n/a5
Feb ’25CN¥22.07
CN¥62.10
+181.4%
18.3%CN¥84.47CN¥54.00n/a5
Jan ’25CN¥42.24
CN¥62.10
+47.0%
18.3%CN¥84.47CN¥54.00n/a5
Dec ’24CN¥48.47
CN¥62.10
+28.1%
18.3%CN¥84.47CN¥54.00n/a5
Nov ’24CN¥41.63
CN¥64.13
+54.0%
18.5%CN¥84.47CN¥54.44CN¥19.774
Oct ’24CN¥51.03
CN¥81.03
+58.8%
6.6%CN¥88.00CN¥75.63CN¥18.174
Sep ’24CN¥57.11
CN¥80.17
+40.4%
6.2%CN¥88.00CN¥75.63CN¥13.164
Aug ’24CN¥60.27
CN¥86.65
+43.8%
4.9%CN¥91.59CN¥81.04CN¥17.844
Jul ’24CN¥60.90
CN¥86.67
+42.3%
4.9%CN¥91.59CN¥81.04CN¥17.384
Jun ’24CN¥57.93
CN¥86.67
+49.6%
4.9%CN¥91.59CN¥81.04CN¥21.514
May ’24CN¥71.48
CN¥82.84
+15.9%
12.4%CN¥91.59CN¥65.71CN¥22.344
Apr ’24CN¥68.04
CN¥69.58
+2.3%
11.5%CN¥82.99CN¥62.02CN¥27.304
Mar ’24CN¥73.28
CN¥69.58
-5.1%
11.5%CN¥82.99CN¥62.02CN¥25.764
Feb ’24CN¥64.29
CN¥69.58
+8.2%
11.5%CN¥82.99CN¥62.02CN¥22.074
Jan ’24CN¥61.07
CN¥69.58
+13.9%
11.5%CN¥82.99CN¥62.02CN¥42.244
Dec ’23CN¥57.50
CN¥69.58
+21.0%
11.5%CN¥82.99CN¥62.02CN¥48.474
Nov ’23CN¥67.11
CN¥69.58
+3.7%
11.5%CN¥82.99CN¥62.02CN¥41.634

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

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