Hangzhou DPtech TechnologiesLtd Valuation

Is 300768 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-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 300768 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300768 (CN¥18.57) is trading below our estimate of fair value (CN¥21.33)

Significantly Below Fair Value: 300768 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 300768?

Key metric: As 300768 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 300768. This is calculated by dividing 300768's market cap by their current earnings.
What is 300768's PE Ratio?
PE Ratio	77.3x
Earnings	CN¥151.94m
Market Cap	CN¥11.75b

300768 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	7.9x
Enterprise Value/EBITDA	67.6x
PEG Ratio	3.3x

Price to Earnings Ratio vs Peers

How does 300768's PE Ratio compare to its peers?

The above table shows the PE ratio for 300768 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	120.2x
002439 Venustech Group	68.4x	33.6%	CN¥19.8b
688561 Qi An Xin Technology Group	169.3x	41.6%	CN¥20.1b
300454 Sangfor Technologies	159.3x	51.0%	CN¥26.1b
688692 Wuhan Dameng Database	83.6x	20.4%	CN¥29.4b
300768 Hangzhou DPtech TechnologiesLtd	77.3x	23.7%	CN¥11.7b

Price-To-Earnings vs Peers: 300768 is good value based on its Price-To-Earnings Ratio (77.3x) compared to the peer average (120.2x).

Price to Earnings Ratio vs Industry

How does 300768's PE Ratio compare vs other companies in the CN Software Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
000606 Shunliban Information ServiceLtd	2.7x	n/a	US$29.57m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 300768 is good value based on its Price-To-Earnings Ratio (77.3x) compared to the CN Software industry average (93x).

Price to Earnings Ratio vs Fair Ratio

What is 300768'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.

300768 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	77.3x
Fair PE Ratio	41.3x

Price-To-Earnings vs Fair Ratio: 300768 is expensive based on its Price-To-Earnings Ratio (77.3x) compared to the estimated Fair Price-To-Earnings Ratio (41.3x).

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 300768 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥18.57	CN¥20.90 +12.5%	0.5%	CN¥21.00	CN¥20.80	n/a	2
Mar ’25	CN¥12.40	CN¥21.31 +71.9%	7.9%	CN¥23.00	CN¥19.62	n/a	2
Feb ’25	CN¥10.57	CN¥21.31 +101.6%	7.9%	CN¥23.00	CN¥19.62	n/a	2
Jan ’25	CN¥14.78	CN¥21.31 +44.2%	7.9%	CN¥23.00	CN¥19.62	n/a	2
Dec ’24	CN¥15.64	CN¥21.31 +36.3%	7.9%	CN¥23.00	CN¥19.62	n/a	2
Nov ’24	CN¥14.63	CN¥21.31 +45.7%	7.9%	CN¥23.00	CN¥19.62	CN¥20.46	2
Oct ’24	CN¥15.16	CN¥21.31 +40.6%	7.9%	CN¥23.00	CN¥19.62	CN¥16.11	2
Sep ’24	CN¥15.50	CN¥21.31 +37.5%	7.9%	CN¥23.00	CN¥19.62	CN¥12.14	2

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

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