Montnets Cloud Technology Group Valuation

Is 002123 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 002123 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002123 (CN¥10.76) is trading above our estimate of fair value (CN¥1.5)

Significantly Below Fair Value: 002123 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002123?

Key metric: As 002123 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002123. This is calculated by dividing 002123's market cap by their current revenue.
What is 002123's PS Ratio?
PS Ratio	1.7x
Sales	CN¥5.21b
Market Cap	CN¥8.61b

002123 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	1.7x
Enterprise Value/EBITDA	-123.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 002123's PS Ratio compare to its peers?

The above table shows the PS ratio for 002123 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	6.9x
300047 Shenzhen Tianyuan DIC Information Technology	1x	n/a	CN¥8.6b
301153 Beijing CTJ Information Technology	11.6x	31.9%	CN¥10.7b
603533 IReader Technology	3.7x	n/a	CN¥10.2b
603383 Fujian Apex SoftwareLTD	11.4x	19.0%	CN¥8.0b
002123 Montnets Cloud Technology Group	1.7x	12.3%	CN¥8.6b

Price-To-Sales vs Peers: 002123 is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (6.9x).

Price to Sales Ratio vs Industry

How does 002123'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: 002123 is good value based on its Price-To-Sales Ratio (1.7x) compared to the CN Software industry average (6.9x).

Price to Sales Ratio vs Fair Ratio

What is 002123'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.

002123 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.7x
Fair PS Ratio	2x

Price-To-Sales vs Fair Ratio: 002123 is good value based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (2x).

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.

Discover undervalued companies

DBAPPSecurity

CN¥5.0b

Engages in the research and development, manufacture, and sale of cybersecurity products in China.

688023

CN¥49.30

-1.0%

-49.4%

Newland Digital TechnologyLtd

CN¥20.0b

Provides bar code, financial POS terminal equipment, mobile and other communications, and IoT services in China and internationally.

997

CN¥19.73

-4.3%

10.5%

SinosoftLtd

CN¥19.2b

Engages in the research and development of computer software in China and internationally.

603927

CN¥23.06

-2.5%

2.9%