Fujian Star-net Communication Co., LTD.

SZSE:002396 Stock Report

Market Cap: CN¥10.5b

Fujian Star-net Communication Valuation

Is 002396 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 002396 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002396 (CN¥17.92) is trading above our estimate of fair value (CN¥8.59)

Significantly Below Fair Value: 002396 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002396?

Key metric: As 002396 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002396. This is calculated by dividing 002396's market cap by their current earnings.
What is 002396's PE Ratio?
PE Ratio27.4x
EarningsCN¥384.83m
Market CapCN¥10.55b

Price to Earnings Ratio vs Peers

How does 002396's PE Ratio compare to its peers?

The above table shows the PE ratio for 002396 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average119.3x
300620 Advanced Fiber Resources (Zhuhai)
173.1x42.1%CN¥11.9b
603083 CIG ShangHai
98.9xn/aCN¥12.5b
300183 Qingdao Eastsoft Communication TechnologyLtd
100xn/aCN¥7.9b
600776 Eastern CommunicationsLtd
105.1xn/aCN¥12.2b
002396 Fujian Star-net Communication
27.4x35.5%CN¥10.5b

Price-To-Earnings vs Peers: 002396 is good value based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (119.3x).

Price to Earnings Ratio vs Industry

How does 002396's PE Ratio compare vs other companies in the CN Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
002396 27.4xIndustry Avg. 67.1xNo. of Companies7PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002396 is good value based on its Price-To-Earnings Ratio (27.4x) compared to the CN Communications industry average (65.3x).

Price to Earnings Ratio vs Fair Ratio

What is 002396'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.

002396 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.4x
Fair PE Ratio37.1x

Price-To-Earnings vs Fair Ratio: 002396 is good value based on its Price-To-Earnings Ratio (27.4x) compared to the estimated Fair Price-To-Earnings Ratio (37.1x).

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 002396 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥17.92
CN¥16.83
-6.1%
7.9%CN¥18.15CN¥15.50n/a2
Nov ’25CN¥16.82
CN¥16.55
-1.6%
6.9%CN¥18.15CN¥15.50n/a3
Oct ’25CN¥16.65
CN¥16.55
-0.6%
6.9%CN¥18.15CN¥15.50n/a3
Sep ’25CN¥13.78
CN¥16.55
+20.1%
6.9%CN¥18.15CN¥15.50n/a3
Aug ’25CN¥13.28
CN¥19.66
+48.0%
8.4%CN¥21.32CN¥18.00n/a2
Jul ’25CN¥13.07
CN¥19.66
+50.4%
8.4%CN¥21.32CN¥18.00n/a2
Jun ’25CN¥14.30
CN¥19.94
+39.4%
7.1%CN¥21.32CN¥18.00n/a3
May ’25CN¥15.30
CN¥20.11
+31.4%
5.9%CN¥21.32CN¥18.50n/a3
Apr ’25CN¥17.45
CN¥21.09
+20.9%
9.4%CN¥24.05CN¥18.50n/a4
Mar ’25CN¥17.22
CN¥22.15
+28.6%
12.6%CN¥25.53CN¥18.50n/a4
Feb ’25CN¥14.49
CN¥22.15
+52.8%
12.6%CN¥25.53CN¥18.50n/a4
Jan ’25CN¥18.07
CN¥22.77
+26.0%
9.2%CN¥25.53CN¥20.50n/a4
Dec ’24CN¥18.93
CN¥22.77
+20.3%
9.2%CN¥25.53CN¥20.50n/a4
Nov ’24CN¥18.01
CN¥23.02
+27.8%
8.3%CN¥25.53CN¥20.50CN¥16.824
Oct ’24CN¥19.39
CN¥23.02
+18.7%
8.3%CN¥25.53CN¥20.50CN¥16.654
Sep ’24CN¥18.82
CN¥23.52
+25.0%
7.9%CN¥25.53CN¥20.50CN¥13.784
Aug ’24CN¥21.18
CN¥26.99
+27.4%
7.9%CN¥28.90CN¥24.00CN¥13.283
Jul ’24CN¥22.59
CN¥26.06
+15.4%
5.5%CN¥28.08CN¥25.00CN¥13.073
Jun ’24CN¥21.18
CN¥26.85
+26.7%
6.8%CN¥29.20CN¥25.00CN¥14.304
May ’24CN¥21.21
CN¥26.60
+25.4%
8.0%CN¥29.20CN¥24.00CN¥15.304
Apr ’24CN¥23.68
CN¥26.37
+11.3%
14.4%CN¥29.20CN¥21.00CN¥17.453
Mar ’24CN¥23.63
CN¥26.98
+14.2%
12.8%CN¥29.20CN¥21.00CN¥17.224
Feb ’24CN¥21.08
CN¥26.98
+28.0%
12.8%CN¥29.20CN¥21.00CN¥14.494
Jan ’24CN¥19.16
CN¥26.73
+39.5%
14.5%CN¥29.20CN¥20.00CN¥18.074
Dec ’23CN¥20.82
CN¥26.73
+28.4%
14.5%CN¥29.20CN¥20.00CN¥18.934
Nov ’23CN¥21.02
CN¥28.06
+33.5%
18.5%CN¥34.50CN¥20.00CN¥18.014

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

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