Wingtech Technology Co.,Ltd

SHSE:600745 Stock Report

Market Cap: CN¥44.1b

Wingtech TechnologyLtd Valuation

Is 600745 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 600745 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600745 (CN¥34.94) is trading below our estimate of fair value (CN¥48.15)

Significantly Below Fair Value: 600745 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600745?

Key metric: As 600745 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600745. This is calculated by dividing 600745's market cap by their current revenue.
What is 600745's PS Ratio?
PS Ratio0.6x
SalesCN¥69.96b
Market CapCN¥44.12b

Price to Sales Ratio vs Peers

How does 600745's PS Ratio compare to its peers?

The above table shows the PS ratio for 600745 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
000021 Shenzhen Kaifa Technology
2.2xn/aCN¥31.6b
002241 Goertek
1x10.4%CN¥92.3b
603583 Zhejiang Jiecang Linear Motion TechnologyLtd
2.8x15.8%CN¥9.6b
300131 Shenzhen Yitoa Intelligent ControlLtd
1.6xn/aCN¥9.1b
600745 Wingtech TechnologyLtd
0.6x7.6%CN¥44.1b

Price-To-Sales vs Peers: 600745 is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1.9x).


Price to Sales Ratio vs Industry

How does 600745's PS Ratio compare vs other companies in the CN Electronic Industry?

16 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.4.4x18.3%
600745 Wingtech TechnologyLtd
0.6x7.6%US$6.05b
601138 Foxconn Industrial Internet
0.8x19.3%US$62.61b
000100 TCL Technology Group
0.6x11.9%US$13.04b
600745 0.6xIndustry Avg. 4.4xNo. of Companies49PS03.26.49.612.816+
16 CompaniesEstimated GrowthMarket Cap
Industry Avg.4.4x32.7%
600745 Wingtech TechnologyLtd
0.6x51.3%US$6.05b
No more companies

Price-To-Sales vs Industry: 600745 is good value based on its Price-To-Sales Ratio (0.6x) compared to the CN Electronic industry average (4.4x).


Price to Sales Ratio vs Fair Ratio

What is 600745'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.

600745 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: 600745 is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).


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 600745 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥34.94
CN¥52.03
+48.9%
48.9%CN¥115.00CN¥33.00n/a8
Dec ’25CN¥40.69
CN¥52.03
+27.9%
48.9%CN¥115.00CN¥33.00n/a8
Nov ’25CN¥42.50
CN¥52.03
+22.4%
48.9%CN¥115.00CN¥33.00n/a8
Oct ’25CN¥32.73
CN¥50.01
+52.8%
49.2%CN¥115.00CN¥33.00n/a9
Sep ’25CN¥26.10
CN¥48.02
+84.0%
52.8%CN¥115.00CN¥30.10n/a9
Aug ’25CN¥30.13
CN¥48.80
+62.0%
51.7%CN¥115.00CN¥30.10n/a9
Jul ’25CN¥28.06
CN¥46.77
+66.7%
56.0%CN¥115.00CN¥30.10n/a8
Jun ’25CN¥30.52
CN¥57.03
+86.9%
45.7%CN¥115.00CN¥30.10n/a11
May ’25CN¥31.50
CN¥60.38
+91.7%
40.6%CN¥115.00CN¥30.10n/a11
Apr ’25CN¥37.40
CN¥67.97
+81.7%
28.5%CN¥115.00CN¥38.00n/a12
Mar ’25CN¥40.92
CN¥69.38
+69.6%
25.5%CN¥115.00CN¥49.90n/a12
Feb ’25CN¥33.26
CN¥69.04
+107.6%
24.7%CN¥115.00CN¥49.90n/a13
Jan ’25CN¥42.31
CN¥69.04
+63.2%
24.7%CN¥115.00CN¥49.90n/a13
Dec ’24CN¥48.42
CN¥69.04
+42.6%
24.7%CN¥115.00CN¥49.90CN¥40.6913
Nov ’24CN¥49.56
CN¥67.20
+35.6%
22.7%CN¥115.00CN¥49.90CN¥42.5012
Oct ’24CN¥43.65
CN¥69.01
+58.1%
32.4%CN¥141.40CN¥49.90CN¥32.7312
Sep ’24CN¥45.77
CN¥69.09
+51.0%
32.3%CN¥141.40CN¥49.90CN¥26.1012
Aug ’24CN¥47.78
CN¥76.00
+59.1%
28.0%CN¥141.40CN¥57.11CN¥30.1312
Jul ’24CN¥48.90
CN¥76.00
+55.4%
28.0%CN¥141.40CN¥57.11CN¥28.0612
Jun ’24CN¥51.39
CN¥76.48
+48.8%
27.6%CN¥141.40CN¥57.11CN¥30.5212
May ’24CN¥52.57
CN¥81.09
+54.3%
27.3%CN¥141.40CN¥57.11CN¥31.5010
Apr ’24CN¥55.25
CN¥80.45
+45.6%
28.5%CN¥141.40CN¥56.54CN¥37.4010
Mar ’24CN¥54.36
CN¥81.45
+49.8%
28.3%CN¥141.40CN¥56.54CN¥40.9210
Feb ’24CN¥59.93
CN¥81.45
+35.9%
28.3%CN¥141.40CN¥56.54CN¥33.2610
Jan ’24CN¥52.58
CN¥82.68
+57.2%
26.8%CN¥141.40CN¥56.54CN¥42.3111
Dec ’23CN¥56.75
CN¥85.73
+51.1%
35.8%CN¥175.00CN¥56.54CN¥48.4211

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 09:48
End of Day Share Price 2024/12/25 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Wingtech Technology Co.,Ltd is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ke QuCCB International Securities Limited
Chen HeChasing Securities
Bin GongChasing Securities