Thunder Software Technology Co.,Ltd.

XSEC:300496 Stock Report

Market Cap: CN¥26.6b

Thunder Software TechnologyLtd Valuation

Is 300496 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-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 300496 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300496 (CN¥57.84) is trading below our estimate of fair value (CN¥95.55)

Significantly Below Fair Value: 300496 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300496?

Key metric: As 300496 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 300496. This is calculated by dividing 300496's market cap by their current revenue.
What is 300496's PS Ratio?
PS Ratio5.3x
SalesCN¥5.06b
Market CapCN¥26.61b

Price to Sales Ratio vs Peers

How does 300496's PS Ratio compare to its peers?

The above table shows the PS ratio for 300496 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.9x
002405 NavInfo
7x16.5%CN¥23.3b
002410 Glodon
3.6x9.4%CN¥22.4b
688615 Intsig Information
17.9x19.4%CN¥24.5b
300010 Doushen (Beijing) Education & Technology
23x38.4%CN¥21.0b
300496 Thunder Software TechnologyLtd
5.3x17.3%CN¥26.6b

Price-To-Sales vs Peers: 300496 is good value based on its Price-To-Sales Ratio (5.3x) compared to the peer average (12.9x).

Price to Sales Ratio vs Industry

How does 300496'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
300496 5.3xIndustry Avg. 6.7xNo. of Companies16PS048121620+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 300496 is good value based on its Price-To-Sales Ratio (5.3x) compared to the CN Software industry average (6.7x).

Price to Sales Ratio vs Fair Ratio

What is 300496'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.

300496 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.3x
Fair PS Ratio5.5x

Price-To-Sales vs Fair Ratio: 300496 is good value based on its Price-To-Sales Ratio (5.3x) compared to the estimated Fair Price-To-Sales Ratio (5.5x).

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 300496 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥57.84
CN¥50.62
-12.5%
28.5%CN¥78.59CN¥29.00n/a14
Nov ’25CN¥53.97
CN¥51.75
-4.1%
32.6%CN¥86.62CN¥28.50n/a14
Oct ’25CN¥52.55
CN¥44.06
-16.2%
33.3%CN¥86.62CN¥27.00n/a14
Sep ’25CN¥34.32
CN¥44.06
+28.4%
33.3%CN¥86.62CN¥27.00n/a14
Aug ’25CN¥44.90
CN¥59.22
+31.9%
26.2%CN¥88.00CN¥36.34n/a14
Jul ’25CN¥46.56
CN¥60.76
+30.5%
25.1%CN¥88.00CN¥36.34n/a14
Jun ’25CN¥56.49
CN¥62.24
+10.2%
25.3%CN¥88.00CN¥36.34n/a15
May ’25CN¥48.71
CN¥66.71
+36.9%
26.2%CN¥93.00CN¥36.34n/a15
Apr ’25CN¥52.95
CN¥72.37
+36.7%
20.8%CN¥93.00CN¥48.00n/a14
Mar ’25CN¥62.78
CN¥81.40
+29.7%
25.6%CN¥112.66CN¥50.00n/a14
Feb ’25CN¥50.41
CN¥91.71
+81.9%
18.0%CN¥123.65CN¥64.85n/a15
Jan ’25CN¥80.06
CN¥91.18
+13.9%
17.8%CN¥123.65CN¥64.85n/a15
Dec ’24CN¥82.10
CN¥91.58
+11.5%
18.1%CN¥123.65CN¥64.85n/a15
Nov ’24CN¥72.94
CN¥91.83
+25.9%
18.3%CN¥123.65CN¥64.85CN¥53.9714
Oct ’24CN¥76.57
CN¥96.81
+26.4%
17.5%CN¥123.65CN¥64.85CN¥52.5513
Sep ’24CN¥79.83
CN¥103.11
+29.2%
18.2%CN¥132.00CN¥64.85CN¥34.3214
Aug ’24CN¥89.30
CN¥112.77
+26.3%
19.6%CN¥156.00CN¥67.12CN¥44.9014
Jul ’24CN¥96.35
CN¥116.93
+21.4%
16.8%CN¥156.00CN¥67.12CN¥46.5613
Jun ’24CN¥99.62
CN¥116.93
+17.4%
16.8%CN¥156.00CN¥67.12CN¥56.4913
May ’24CN¥84.49
CN¥125.01
+48.0%
17.3%CN¥156.00CN¥67.12CN¥48.7113
Apr ’24CN¥108.35
CN¥129.84
+19.8%
14.7%CN¥156.00CN¥77.01CN¥52.9513
Mar ’24CN¥99.45
CN¥133.20
+33.9%
13.8%CN¥156.00CN¥82.48CN¥62.7812
Feb ’24CN¥114.38
CN¥141.62
+23.8%
16.0%CN¥177.00CN¥82.48CN¥50.4112
Jan ’24CN¥100.30
CN¥141.77
+41.3%
16.3%CN¥177.00CN¥82.48CN¥80.0611
Dec ’23CN¥114.39
CN¥141.77
+23.9%
16.3%CN¥177.00CN¥82.48CN¥82.1011
Nov ’23CN¥99.46
CN¥147.03
+47.8%
17.9%CN¥187.85CN¥82.48CN¥72.9411

Analyst Forecast: Target price is lower than the current share price.

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