ENC Digital Technology Valuation

Is 603869 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 603869 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 603869's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 603869's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603869?

Key metric: As 603869 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603869. This is calculated by dividing 603869's market cap by their current revenue.
What is 603869's PS Ratio?
PS Ratio	4.3x
Sales	CN¥678.12m
Market Cap	CN¥2.90b

603869 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	2.7x
Enterprise Value/EBITDA	-25.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 603869's PS Ratio compare to its peers?

The above table shows the PS ratio for 603869 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	10.9x
301117 Jiayuan Science and TechnologyLtd	13.2x	36.5%	CN¥3.1b
300588 Xinjiang Sailing Information Technology	17x	n/a	CN¥2.8b
605398 Shanghai New Centurion Network Information Technology	5x	n/a	CN¥2.9b
300245 Shanghai DragonNet TechnologyLtd	8.3x	n/a	CN¥3.5b
603869 ENC Digital Technology	4.3x	n/a	CN¥2.9b

Price-To-Sales vs Peers: 603869 is good value based on its Price-To-Sales Ratio (4.3x) compared to the peer average (10.9x).

Price to Sales Ratio vs Industry

How does 603869's PS Ratio compare vs other companies in the CN IT Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
000034 Digital China Group	0.2x	5.8%	US$2.98b
000948 Yunnan Nantian Electronics InformationLtd	0.8x	n/a	US$1.00b

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 603869 is good value based on its Price-To-Sales Ratio (4.3x) compared to the CN IT industry average (4.6x).

Price to Sales Ratio vs Fair Ratio

What is 603869'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.

603869 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	4.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 603869'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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