Leyard Optoelectronic Co., Ltd.

SZSE:300296 Stock Report

Market Cap: CN¥13.7b

Leyard Optoelectronic Valuation

Is 300296 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-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 300296 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300296 (CN¥5.4) is trading above our estimate of fair value (CN¥0.23)

Significantly Below Fair Value: 300296 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300296?

Key metric: As 300296 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 300296. This is calculated by dividing 300296's market cap by their current revenue.
What is 300296's PS Ratio?
PS Ratio1.9x
SalesCN¥7.06b
Market CapCN¥13.65b

Price to Sales Ratio vs Peers

How does 300296's PS Ratio compare to its peers?

The above table shows the PS ratio for 300296 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average11.6x
688001 Suzhou HYC TechnologyLtd
7.7xn/aCN¥13.8b
688322 Orbbec
28.5x39.9%CN¥12.9b
300188 SDIC Intelligence Xiamen Information
6x22.6%CN¥12.9b
300130 XGD
4.2x18.2%CN¥14.0b
300296 Leyard Optoelectronic
1.9x19.6%CN¥13.7b

Price-To-Sales vs Peers: 300296 is good value based on its Price-To-Sales Ratio (1.9x) compared to the peer average (11.6x).

Price to Sales Ratio vs Industry

How does 300296's PS Ratio compare vs other companies in the CN Electronic Industry?

15 CompaniesPrice / SalesEstimated GrowthMarket Cap
000100 TCL Technology Group
0.5x11.9%US$12.26b
600745 Wingtech TechnologyLtd
0.8x7.6%US$7.40b
601231 Universal Scientific Industrial (Shanghai)
0.5x11.1%US$4.56b
000050 Tianma Microelectronics
0.7x12.3%US$3.18b
300296 1.9xIndustry Avg. 4.3xNo. of Companies49PS03.26.49.612.816+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 300296 is good value based on its Price-To-Sales Ratio (1.9x) compared to the CN Electronic industry average (4.3x).

Price to Sales Ratio vs Fair Ratio

What is 300296'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.

300296 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ratio3.1x

Price-To-Sales vs Fair Ratio: 300296 is good value based on its Price-To-Sales Ratio (1.9x) compared to the estimated Fair Price-To-Sales Ratio (3.1x).

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 300296 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥5.40
CN¥5.00
-7.4%
10.0%CN¥5.50CN¥4.50n/a2
Nov ’25CN¥5.06
CN¥5.00
-1.2%
10.0%CN¥5.50CN¥4.50n/a2
Oct ’25CN¥5.25
CN¥5.00
-4.8%
10.0%CN¥5.50CN¥4.50n/a2
Sep ’25CN¥4.29
CN¥5.00
+16.6%
10.0%CN¥5.50CN¥4.50n/a2
Aug ’25CN¥4.40
CN¥5.88
+33.7%
13.0%CN¥6.95CN¥5.20n/a3
Jul ’25CN¥4.45
CN¥5.88
+32.2%
13.0%CN¥6.95CN¥5.20n/a3
Jun ’25CN¥4.82
CN¥5.88
+22.0%
13.0%CN¥6.95CN¥5.20n/a3
May ’25CN¥5.01
CN¥5.88
+17.4%
13.0%CN¥6.95CN¥5.20n/a3
Apr ’25CN¥5.28
CN¥6.82
+29.1%
9.1%CN¥7.50CN¥6.00n/a3
Mar ’25CN¥5.42
CN¥6.82
+25.7%
9.1%CN¥7.50CN¥6.00n/a3
Feb ’25CN¥4.50
CN¥6.82
+51.4%
9.1%CN¥7.50CN¥6.00n/a3
Jan ’25CN¥6.00
CN¥6.75
+12.5%
11.1%CN¥7.50CN¥6.00n/a2
Dec ’24CN¥6.11
CN¥6.75
+10.5%
11.1%CN¥7.50CN¥6.00n/a2
Nov ’24CN¥6.10
CN¥7.17
+17.5%
11.9%CN¥8.00CN¥6.00CN¥5.063
Oct ’24CN¥6.53
CN¥7.17
+9.7%
11.9%CN¥8.00CN¥6.00CN¥5.253
Sep ’24CN¥6.29
CN¥7.17
+13.9%
11.9%CN¥8.00CN¥6.00CN¥4.293
Aug ’24CN¥6.69
CN¥7.17
+7.1%
11.9%CN¥8.00CN¥6.00CN¥4.403
Jul ’24CN¥6.53
CN¥7.17
+9.7%
11.9%CN¥8.00CN¥6.00CN¥4.453
Jun ’24CN¥6.85
CN¥7.17
+4.6%
11.9%CN¥8.00CN¥6.00CN¥4.823
May ’24CN¥6.33
CN¥7.17
+13.2%
11.9%CN¥8.00CN¥6.00CN¥5.013
Apr ’24CN¥6.81
CN¥6.65
-2.3%
12.8%CN¥7.50CN¥5.80CN¥5.282
Mar ’24CN¥6.52
CN¥6.65
+2.0%
12.8%CN¥7.50CN¥5.80CN¥5.422
Feb ’24CN¥6.17
CN¥6.65
+7.8%
12.8%CN¥7.50CN¥5.80CN¥4.502
Jan ’24CN¥5.66
CN¥6.65
+17.5%
12.8%CN¥7.50CN¥5.80CN¥6.002
Dec ’23CN¥5.90
CN¥6.65
+12.7%
12.8%CN¥7.50CN¥5.80CN¥6.112
Nov ’23CN¥5.83
CN¥7.01
+20.3%
12.3%CN¥7.74CN¥5.80CN¥6.103

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

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