Cashway FintechLtd Valuation

Is 603106 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 603106 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603106 (CN¥8.99) is trading above our estimate of fair value (CN¥2.42)

Significantly Below Fair Value: 603106 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603106?

Key metric: As 603106 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603106. This is calculated by dividing 603106's market cap by their current revenue.
What is 603106's PS Ratio?
PS Ratio	12.2x
Sales	CN¥382.45m
Market Cap	CN¥4.64b

603106 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	10.1x
Enterprise Value/EBITDA	-22.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 603106's PS Ratio compare to its peers?

The above table shows the PS ratio for 603106 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	7.8x
300042 Netac Technology	6.8x	55.5%	CN¥4.4b
600130 Ningbo BirdLtd	12.9x	n/a	CN¥4.1b
002912 Shenzhen Sinovatio Technology	9.5x	23.9%	CN¥5.3b
002376 Shandong New Beiyang Information Technology	2.1x	n/a	CN¥4.9b
603106 Cashway FintechLtd	12.2x	n/a	CN¥4.7b

Price-To-Sales vs Peers: 603106 is expensive based on its Price-To-Sales Ratio (12.2x) compared to the peer average (7.8x).

Price to Sales Ratio vs Industry

How does 603106's PS Ratio compare vs other companies in the CN Tech Industry?

5 Companies	Price / Sales	Estimated Growth	Market Cap
000977 Inspur Electronic Information Industry	0.7x	6.9%	US$9.59b
603296 Huaqin Technology	0.7x	14.6%	US$8.68b
603341 Shanghai Longcheer Technology	0.5x	n/a	US$3.01b
000727 TPV Technology	0.2x	n/a	US$1.84b

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 603106 is expensive based on its Price-To-Sales Ratio (12.2x) compared to the CN Tech industry average (3.3x).

Price to Sales Ratio vs Fair Ratio

What is 603106'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.

603106 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	12.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 603106'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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