Hangzhou Hikvision Digital Technology Co., Ltd.

SZSE:002415 Stock Report

Market Cap: CN¥280.4b

Hangzhou Hikvision Digital Technology Valuation

Is 002415 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 002415 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CN¥31.39
Fair Value
3.3% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: 002415 (CN¥30.37) is trading below our estimate of fair value (CN¥31.39)

Significantly Below Fair Value: 002415 is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002415?

Key metric: As 002415 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002415. This is calculated by dividing 002415's market cap by their current earnings.
What is 002415's PE Ratio?
PE Ratio21.3x
EarningsCN¥13.36b
Market CapCN¥280.41b

Price to Earnings Ratio vs Peers

How does 002415's PE Ratio compare to its peers?

The above table shows the PE ratio for 002415 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.2x
000100 TCL Technology Group
43.8x64.6%CN¥93.2b
002236 Zhejiang Dahua Technology
7.2x-13.7%CN¥52.6b
000988 Huagong Tech
35.2x28.0%CN¥39.8b
601231 Universal Scientific Industrial (Shanghai)
18.8x24.9%CN¥34.8b
002415 Hangzhou Hikvision Digital Technology
21x16.7%CN¥280.4b

Price-To-Earnings vs Peers: 002415 is good value based on its Price-To-Earnings Ratio (21x) compared to the peer average (26.2x).


Price to Earnings Ratio vs Industry

How does 002415'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
002415 21.3xIndustry Avg. 49.9xNo. of Companies27PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002415 is good value based on its Price-To-Earnings Ratio (21x) compared to the CN Electronic industry average (48.2x).


Price to Earnings Ratio vs Fair Ratio

What is 002415'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.

002415 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.3x
Fair PE Ratio33.6x

Price-To-Earnings vs Fair Ratio: 002415 is good value based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (33.6x).


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 002415 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥30.88
CN¥36.39
+17.8%
11.9%CN¥46.33CN¥29.00n/a10
Jan ’26CN¥30.70
CN¥36.39
+18.5%
11.9%CN¥46.33CN¥29.00n/a10
Dec ’25CN¥30.08
CN¥37.19
+23.6%
13.4%CN¥47.34CN¥29.00n/a10
Nov ’25CN¥30.12
CN¥37.15
+23.3%
13.4%CN¥47.34CN¥29.00n/a10
Oct ’25CN¥32.29
CN¥37.71
+16.8%
14.7%CN¥47.34CN¥30.00n/a10
Sep ’25CN¥26.72
CN¥37.71
+41.1%
14.7%CN¥47.34CN¥30.00n/a10
Aug ’25CN¥28.77
CN¥40.64
+41.3%
11.0%CN¥49.62CN¥33.55n/a10
Jul ’25CN¥30.81
CN¥41.17
+33.6%
9.5%CN¥49.62CN¥35.00n/a10
Jun ’25CN¥32.61
CN¥41.17
+26.2%
9.5%CN¥49.62CN¥35.00n/a10
May ’25CN¥33.11
CN¥42.06
+27.0%
11.1%CN¥51.00CN¥35.00n/a11
Apr ’25CN¥32.85
CN¥42.13
+28.3%
10.6%CN¥51.00CN¥36.00n/a12
Mar ’25CN¥35.68
CN¥41.88
+17.4%
9.7%CN¥51.00CN¥36.00n/a12
Feb ’25CN¥31.88
CN¥42.42
+33.1%
11.3%CN¥51.00CN¥36.00CN¥29.0312
Jan ’25CN¥34.72
CN¥42.42
+22.2%
11.3%CN¥51.00CN¥36.00CN¥30.7012
Dec ’24CN¥35.50
CN¥42.42
+19.5%
11.3%CN¥51.00CN¥36.00CN¥30.0812
Nov ’24CN¥36.17
CN¥43.05
+19.0%
11.9%CN¥51.00CN¥36.00CN¥30.1213
Oct ’24CN¥33.80
CN¥43.06
+27.4%
9.8%CN¥51.00CN¥38.00CN¥32.2913
Sep ’24CN¥35.55
CN¥42.79
+20.4%
8.1%CN¥51.00CN¥38.00CN¥26.7212
Aug ’24CN¥36.00
CN¥45.57
+26.6%
9.7%CN¥52.83CN¥37.00CN¥28.7713
Jul ’24CN¥33.11
CN¥45.42
+37.2%
9.8%CN¥52.83CN¥39.00CN¥30.8113
Jun ’24CN¥35.90
CN¥45.42
+26.5%
9.8%CN¥52.83CN¥39.00CN¥32.6113
May ’24CN¥37.75
CN¥43.46
+15.1%
16.0%CN¥52.83CN¥26.80CN¥33.1114
Apr ’24CN¥42.66
CN¥40.60
-4.8%
17.5%CN¥51.00CN¥26.80CN¥32.8513
Mar ’24CN¥39.81
CN¥39.92
+0.3%
18.2%CN¥51.00CN¥26.80CN¥35.6814
Feb ’24CN¥36.25
CN¥38.39
+5.9%
17.3%CN¥50.00CN¥26.80CN¥31.8814
Analyst Price Target
Consensus Narrative from 10 Analysts
CN¥36.39
Fair Value
16.5% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 08:23
End of Day Share Price 2025/02/07 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.

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 Github.

Analyst Sources

Hangzhou Hikvision Digital Technology Co., Ltd. is covered by 44 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zhiyong ZhuAJ Securities Co., Ltd
Jimmy HuangBNP Paribas Securities (Asia)
Robert ChengBofA Global Research