Aerospace CH UAV Co.,Ltd

SZSE:002389 Stock Report

Market Cap: CN¥18.5b

Aerospace CH UAVLtd Valuation

Is 002389 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 002389 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002389 (CN¥18.65) is trading below our estimate of fair value (CN¥51.4)

Significantly Below Fair Value: 002389 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002389?

Key metric: As 002389 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002389. This is calculated by dividing 002389's market cap by their current revenue.
What is 002389's PS Ratio?
PS Ratio7.6x
SalesCN¥2.44b
Market CapCN¥18.47b

Price to Sales Ratio vs Peers

How does 002389's PS Ratio compare to its peers?

The above table shows the PS ratio for 002389 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.8x
000636 Guangdong Fenghua Advanced Technology (Holding)
3.9x18.2%CN¥17.8b
002436 Shenzhen Fastprint Circuit TechLtd
3.6x17.5%CN¥20.3b
000050 Tianma Microelectronics
0.7x12.6%CN¥23.0b
002222 CASTECH
19.2x25.1%CN¥16.3b
002389 Aerospace CH UAVLtd
7.6x29.1%CN¥18.5b

Price-To-Sales vs Peers: 002389 is expensive based on its Price-To-Sales Ratio (7.6x) compared to the peer average (6.8x).

Price to Sales Ratio vs Industry

How does 002389's PS Ratio compare vs other companies in the CN Electronic Industry?

18 CompaniesPrice / SalesEstimated GrowthMarket Cap
601138 Foxconn Industrial Internet
0.7x19.3%US$59.96b
000725 BOE Technology Group
0.9x10.8%US$22.18b
000100 TCL Technology Group
0.6x11.9%US$12.74b
600745 Wingtech TechnologyLtd
0.6x7.6%US$6.16b
002389 7.6xIndustry Avg. 4.5xNo. of Companies54PS03.67.210.814.418+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 002389 is expensive based on its Price-To-Sales Ratio (7.6x) compared to the CN Electronic industry average (4.5x).

Price to Sales Ratio vs Fair Ratio

What is 002389'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.

002389 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.6x
Fair PS Ratio3.9x

Price-To-Sales vs Fair Ratio: 002389 is expensive based on its Price-To-Sales Ratio (7.6x) compared to the estimated Fair Price-To-Sales Ratio (3.9x).

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 002389 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥18.65
CN¥15.10
-19.0%
7.3%CN¥16.20CN¥14.00n/a2
Dec ’25CN¥19.44
CN¥15.10
-22.3%
7.3%CN¥16.20CN¥14.00n/a2
Nov ’25CN¥19.10
CN¥15.10
-20.9%
7.3%CN¥16.20CN¥14.00n/a2
Oct ’25CN¥17.08
CN¥15.10
-11.6%
7.3%CN¥16.20CN¥14.00n/a2
Mar ’25CN¥15.43
CN¥27.12
+75.7%
3.3%CN¥28.00CN¥26.23n/a2
Feb ’25CN¥13.40
CN¥27.12
+102.4%
3.3%CN¥28.00CN¥26.23n/a2
Jan ’25CN¥18.60
CN¥27.12
+45.8%
3.3%CN¥28.00CN¥26.23n/a2
Dec ’24CN¥19.28
CN¥27.12
+40.6%
3.3%CN¥28.00CN¥26.23CN¥19.442
Nov ’24CN¥19.80
CN¥27.12
+36.9%
3.3%CN¥28.00CN¥26.23CN¥19.102
Oct ’24CN¥19.68
CN¥27.57
+40.1%
1.6%CN¥28.00CN¥27.14CN¥17.082
Sep ’24CN¥20.59
CN¥27.57
+33.9%
1.6%CN¥28.00CN¥27.14CN¥13.592

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 07:47
End of Day Share Price 2024/12/20 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

Aerospace CH UAV Co.,Ltd is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chao WangChina Merchants Securities Co. Ltd.
Chenshuo FuCitic Securities Co., Ltd.
Kai WangEverbright Securities Co. Ltd.