Qiming Information Technology Co.,Ltd

XSEC:002232 Stock Report

Market Cap: CN¥8.5b

Qiming Information TechnologyLtd Valuation

Is 002232 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 002232 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002232 (CN¥20.81) is trading below our estimate of fair value (CN¥21.79)

Significantly Below Fair Value: 002232 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002232?

Key metric: As 002232 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002232. This is calculated by dividing 002232's market cap by their current revenue.
What is 002232's PS Ratio?
PS Ratio9.5x
SalesCN¥898.80m
Market CapCN¥8.50b

Price to Sales Ratio vs Peers

How does 002232's PS Ratio compare to its peers?

The above table shows the PS ratio for 002232 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.6x
002777 Sichuan Jiuyuan Yinhai Software.Co.Ltd
6.9x18.6%CN¥8.4b
300663 Client Service International
8xn/aCN¥9.3b
300302 Toyou Feiji Electronics
18.1xn/aCN¥7.4b
300036 Beijing SuperMap Software
5.4x26.6%CN¥8.9b
002232 Qiming Information TechnologyLtd
9.5xn/aCN¥8.5b

Price-To-Sales vs Peers: 002232 is good value based on its Price-To-Sales Ratio (9.5x) compared to the peer average (9.6x).

Price to Sales Ratio vs Industry

How does 002232'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
002232 9.5xIndustry Avg. 7.0xNo. of Companies20PS048121620+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 002232 is expensive based on its Price-To-Sales Ratio (9.5x) compared to the CN Software industry average (7x).

Price to Sales Ratio vs Fair Ratio

What is 002232'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.

002232 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 002232'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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