MeiG Smart Technology Co., Ltd

SZSE:002881 Stock Report

Market Cap: CN¥6.3b

MeiG Smart Technology Valuation

Is 002881 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 002881 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002881 (CN¥24) is trading above our estimate of fair value (CN¥3.52)

Significantly Below Fair Value: 002881 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002881?

Key metric: As 002881 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002881. This is calculated by dividing 002881's market cap by their current earnings.
What is 002881's PE Ratio?
PE Ratio71.6x
EarningsCN¥87.20m
Market CapCN¥6.29b

Price to Earnings Ratio vs Peers

How does 002881's PE Ratio compare to its peers?

The above table shows the PE ratio for 002881 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average88.5x
300590 Queclink Wireless Solutions
35.2x26.7%CN¥6.4b
002935 Chengdu Spaceon Electronics
80.9x37.0%CN¥6.4b
300183 Qingdao Eastsoft Communication TechnologyLtd
94.5xn/aCN¥7.5b
002491 Tongding Interconnection Information
143.3xn/aCN¥5.5b
002881 MeiG Smart Technology
71.6x33.0%CN¥6.2b

Price-To-Earnings vs Peers: 002881 is good value based on its Price-To-Earnings Ratio (71.6x) compared to the peer average (88.5x).

Price to Earnings Ratio vs Industry

How does 002881'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
002881 71.6xIndustry Avg. 65.4xNo. of Companies6PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002881 is expensive based on its Price-To-Earnings Ratio (71.6x) compared to the CN Communications industry average (65.4x).

Price to Earnings Ratio vs Fair Ratio

What is 002881'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.

002881 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio71.6x
Fair PE Ratio35.7x

Price-To-Earnings vs Fair Ratio: 002881 is expensive based on its Price-To-Earnings Ratio (71.6x) compared to the estimated Fair Price-To-Earnings Ratio (35.6x).

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 002881 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥24.00
CN¥30.42
+26.7%
2.8%CN¥31.27CN¥29.56n/a2
Nov ’25CN¥24.70
CN¥30.42
+23.1%
2.8%CN¥31.27CN¥29.56n/a2
Oct ’25CN¥23.89
CN¥26.03
+9.0%
4.8%CN¥27.29CN¥24.77n/a2
Sep ’25CN¥22.97
CN¥26.03
+13.3%
4.8%CN¥27.29CN¥24.77n/a2
Aug ’25CN¥19.85
CN¥25.59
+28.9%
6.7%CN¥27.29CN¥23.88n/a2
Jul ’25CN¥19.48
CN¥25.59
+31.3%
6.7%CN¥27.29CN¥23.88n/a2
Jun ’25CN¥21.64
CN¥25.59
+18.2%
6.7%CN¥27.29CN¥23.88n/a2
May ’25CN¥22.17
CN¥25.59
+15.4%
6.7%CN¥27.29CN¥23.88n/a2
Apr ’25CN¥24.64
CN¥29.41
+19.3%
7.2%CN¥31.52CN¥27.29n/a2
Mar ’25CN¥24.48
CN¥29.41
+20.1%
7.2%CN¥31.52CN¥27.29n/a2
Feb ’25CN¥18.94
CN¥29.41
+55.3%
7.2%CN¥31.52CN¥27.29n/a2
Jan ’25CN¥27.06
CN¥29.41
+8.7%
7.2%CN¥31.52CN¥27.29n/a2
Dec ’24CN¥28.91
CN¥29.41
+1.7%
7.2%CN¥31.52CN¥27.29n/a2
Nov ’24CN¥26.30
CN¥29.41
+11.8%
7.2%CN¥31.52CN¥27.29CN¥24.702
Oct ’24CN¥26.55
CN¥33.69
+26.9%
0.4%CN¥33.83CN¥33.54CN¥23.892
Sep ’24CN¥28.09
CN¥33.69
+19.9%
0.4%CN¥33.83CN¥33.54CN¥22.972

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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