Goertek Inc.

SZSE:002241 Stock Report

Market Cap: CN¥83.4b

Goertek Valuation

Is 002241 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 002241 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002241 (CN¥24.41) is trading above our estimate of fair value (CN¥23.39)

Significantly Below Fair Value: 002241 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002241?

Key metric: As 002241 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002241. This is calculated by dividing 002241's market cap by their current earnings.
What is 002241's PE Ratio?
PE Ratio32.6x
EarningsCN¥2.54b
Market CapCN¥83.41b

Price to Earnings Ratio vs Peers

How does 002241's PE Ratio compare to its peers?

The above table shows the PE ratio for 002241 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average60.6x
000021 Shenzhen Kaifa Technology
36.9xn/aCN¥31.1b
601138 Foxconn Industrial Internet
20.8x20.8%CN¥461.7b
603583 Zhejiang Jiecang Linear Motion TechnologyLtd
27.2x27.7%CN¥8.1b
300131 Shenzhen Yitoa Intelligent ControlLtd
157.4xn/aCN¥9.8b
002241 Goertek
32.6x19.8%CN¥83.4b

Price-To-Earnings vs Peers: 002241 is good value based on its Price-To-Earnings Ratio (32.6x) compared to the peer average (60.6x).

Price to Earnings Ratio vs Industry

How does 002241's PE Ratio compare vs other companies in the CN Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
002241 32.6xIndustry Avg. 45.0xNo. of Companies28PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002241 is good value based on its Price-To-Earnings Ratio (32.6x) compared to the CN Electronic industry average (45x).

Price to Earnings Ratio vs Fair Ratio

What is 002241'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.

002241 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.6x
Fair PE Ratio33.7x

Price-To-Earnings vs Fair Ratio: 002241 is good value based on its Price-To-Earnings Ratio (32.6x) compared to the estimated Fair Price-To-Earnings Ratio (33.7x).

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 002241 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥24.41
CN¥22.87
-6.3%
20.0%CN¥29.26CN¥15.80n/a13
Nov ’25CN¥22.79
CN¥23.18
+1.7%
19.6%CN¥29.26CN¥15.80n/a14
Oct ’25CN¥22.67
CN¥22.18
-2.1%
22.7%CN¥29.26CN¥14.00n/a14
Sep ’25CN¥21.24
CN¥21.80
+2.7%
23.2%CN¥29.26CN¥14.00n/a15
Aug ’25CN¥21.48
CN¥20.73
-3.5%
25.9%CN¥29.26CN¥14.50n/a15
Jul ’25CN¥19.72
CN¥17.61
-10.7%
21.9%CN¥27.30CN¥12.00n/a14
Jun ’25CN¥17.19
CN¥17.44
+1.5%
21.9%CN¥27.30CN¥12.00n/a14
May ’25CN¥15.80
CN¥17.36
+9.9%
20.9%CN¥27.30CN¥12.00n/a16
Apr ’25CN¥16.60
CN¥17.58
+5.9%
20.0%CN¥27.30CN¥12.00n/a16
Mar ’25CN¥17.42
CN¥18.01
+3.4%
18.8%CN¥27.30CN¥12.00n/a16
Feb ’25CN¥15.21
CN¥17.39
+14.4%
14.3%CN¥21.00CN¥12.00n/a15
Jan ’25CN¥21.01
CN¥17.39
-17.2%
14.3%CN¥21.00CN¥12.00n/a15
Dec ’24CN¥18.27
CN¥17.39
-4.8%
14.3%CN¥21.00CN¥12.00n/a15
Nov ’24CN¥17.78
CN¥17.25
-3.0%
14.7%CN¥21.00CN¥12.00CN¥22.7915
Oct ’24CN¥15.78
CN¥17.58
+11.4%
15.3%CN¥24.00CN¥13.00CN¥22.6715
Sep ’24CN¥15.43
CN¥18.09
+17.2%
13.1%CN¥24.00CN¥14.00CN¥21.2416
Aug ’24CN¥17.87
CN¥21.59
+20.8%
32.2%CN¥44.70CN¥15.00CN¥21.4816
Jul ’24CN¥17.75
CN¥22.09
+24.5%
31.0%CN¥44.70CN¥15.00CN¥19.7217
Jun ’24CN¥19.18
CN¥22.55
+17.6%
29.9%CN¥44.70CN¥15.00CN¥17.1918
May ’24CN¥17.74
CN¥22.55
+27.1%
29.9%CN¥44.70CN¥15.00CN¥15.8018
Apr ’24CN¥21.40
CN¥24.92
+16.4%
31.5%CN¥44.70CN¥15.00CN¥16.6018
Mar ’24CN¥21.78
CN¥24.92
+14.4%
31.5%CN¥44.70CN¥15.00CN¥17.4218
Feb ’24CN¥20.69
CN¥24.92
+20.4%
31.5%CN¥44.69CN¥15.00CN¥15.2118
Jan ’24CN¥16.83
CN¥24.92
+48.0%
31.5%CN¥44.69CN¥15.00CN¥21.0118
Dec ’23CN¥17.95
CN¥27.53
+53.4%
36.3%CN¥52.20CN¥16.00CN¥18.2718
Nov ’23CN¥22.79
CN¥35.76
+56.9%
25.9%CN¥54.00CN¥23.45CN¥17.7819

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

Discover undervalued companies

Zhejiang Jiecang Linear Motion TechnologyLtd

CN¥8.1b

Zhejiang Jiecang Linear Motion Technology Co.,Ltd.

603583

CN¥21.04

7D

-3.2%

1Y

-0.8%

Yealink Network Technology

CN¥48.1b

Provides voice conferencing, voice communications, and collaboration solutions worldwide.

300628

CN¥38.07

7D

-10.8%

1Y

11.4%

Avary Holding(Shenzhen)Co

CN¥75.7b

Engages in the research and development, design, manufacture, and sale of printed circuit boards in China.

2938

CN¥32.77

7D

-6.4%

1Y

47.6%