China Leadshine Technology Co., Ltd.

SZSE:002979 Stock Report

Market Cap: CN¥8.4b

China Leadshine Technology Valuation

Is 002979 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-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 002979 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002979 (CN¥27.75) is trading above our estimate of fair value (CN¥3.33)

Significantly Below Fair Value: 002979 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002979?

Key metric: As 002979 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002979. This is calculated by dividing 002979's market cap by their current earnings.
What is 002979's PE Ratio?
PE Ratio44.3x
EarningsCN¥190.57m
Market CapCN¥8.44b

Price to Earnings Ratio vs Peers

How does 002979's PE Ratio compare to its peers?

The above table shows the PE ratio for 002979 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.9x
002897 Wenzhou Yihua Connector
34.4x30.6%CN¥7.9b
600366 Ningbo Yunsheng
91.8x64.6%CN¥8.1b
688205 Wuxi Taclink Optoelectronics Technology
76x33.1%CN¥7.8b
603328 Guangdong Ellington Electronics TechnologyLtd
21.4xn/aCN¥9.0b
002979 China Leadshine Technology
44.3x28.6%CN¥8.4b

Price-To-Earnings vs Peers: 002979 is good value based on its Price-To-Earnings Ratio (44.3x) compared to the peer average (55.9x).

Price to Earnings Ratio vs Industry

How does 002979'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
002979 44.3xIndustry Avg. 45.4xNo. of Companies28PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002979 is good value based on its Price-To-Earnings Ratio (44.3x) compared to the CN Electronic industry average (47.8x).

Price to Earnings Ratio vs Fair Ratio

What is 002979'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.

002979 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.3x
Fair PE Ratio34.4x

Price-To-Earnings vs Fair Ratio: 002979 is expensive based on its Price-To-Earnings Ratio (44.3x) compared to the estimated Fair Price-To-Earnings Ratio (34.4x).

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 002979 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥27.75
CN¥28.54
+2.8%
8.9%CN¥31.08CN¥26.00n/a2
Nov ’25CN¥27.12
CN¥28.54
+5.2%
8.9%CN¥31.08CN¥26.00n/a2
Oct ’25CN¥23.51
CN¥27.70
+17.8%
6.1%CN¥29.40CN¥26.00n/a2
Sep ’25CN¥20.79
CN¥27.70
+33.2%
6.1%CN¥29.40CN¥26.00n/a2
Aug ’25CN¥21.20
CN¥25.70
+21.2%
14.4%CN¥29.40CN¥22.00n/a2
Jul ’25CN¥18.07
CN¥26.97
+49.2%
13.0%CN¥29.50CN¥22.00n/a3
Jun ’25CN¥19.50
CN¥26.97
+38.3%
13.0%CN¥29.50CN¥22.00n/a3
May ’25CN¥20.01
CN¥26.97
+34.8%
13.0%CN¥29.50CN¥22.00n/a3
Apr ’25CN¥18.66
CN¥25.75
+38.0%
14.6%CN¥29.50CN¥22.00n/a2
Mar ’25CN¥17.73
CN¥25.75
+45.2%
14.6%CN¥29.50CN¥22.00n/a2
Feb ’25CN¥14.00
CN¥25.75
+83.9%
14.6%CN¥29.50CN¥22.00n/a2
Jan ’25CN¥21.55
CN¥25.75
+19.5%
14.6%CN¥29.50CN¥22.00n/a2
Aug ’24CN¥19.31
CN¥27.10
+40.3%
7.7%CN¥29.20CN¥25.00CN¥21.202
Jul ’24CN¥23.76
CN¥27.10
+14.1%
7.7%CN¥29.20CN¥25.00CN¥18.072
Jun ’24CN¥20.73
CN¥27.10
+30.7%
7.7%CN¥29.20CN¥25.00CN¥19.502
May ’24CN¥18.92
CN¥27.10
+43.2%
7.7%CN¥29.20CN¥25.00CN¥20.012
Apr ’24CN¥22.74
CN¥27.25
+19.8%
15.6%CN¥31.50CN¥23.00CN¥18.662
Mar ’24CN¥25.15
CN¥27.25
+8.3%
15.6%CN¥31.50CN¥23.00CN¥17.732
Feb ’24CN¥26.70
CN¥25.95
-2.8%
11.4%CN¥28.90CN¥23.00CN¥14.002
Jan ’24CN¥22.61
CN¥25.95
+14.8%
11.4%CN¥28.90CN¥23.00CN¥21.552

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

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