Zhongji Innolight Co., Ltd.

SZSE:300308 Stock Report

Mkt Cap: CN¥22.9b

We’ve recently updated our valuation analysis.

Zhongji Innolight Valuation

Is 300308 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300308?

Other financial metrics that can be useful for relative valuation.

300308 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.4x
Enterprise Value/EBITDA13.6x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 300308's PE Ratio compare to its peers?

The above table shows the PE ratio for 300308 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34.7x
603712 TianJin 712 Communication & Broadcasting
34.8x28.4%CN¥25.9b
300136 Shenzhen Sunway Communication
26.8x20.6%CN¥16.8b
002465 Guangzhou Haige Communications Group
29.8x20.5%CN¥19.8b
300627 Shanghai Huace Navigation Technology
47.3x31.3%CN¥16.0b
300308 Zhongji Innolight
19.6x18.0%CN¥22.9b

Price-To-Earnings vs Peers: 300308 is good value based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (34.7x).


Price to Earnings Ratio vs Industry

How does 300308's PE Ratio compare vs other companies in the CN Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a26.8%
n/an/an/a

Price-To-Earnings vs Industry: 300308 is good value based on its Price-To-Earnings Ratio (19.6x) compared to the CN Communications industry average (36.2x)


Price to Earnings Ratio vs Fair Ratio

What is 300308'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.

300308 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.6x
Fair PE Ratio26.3x

Price-To-Earnings vs Fair Ratio: 300308 is good value based on its Price-To-Earnings Ratio (19.6x) compared to the estimated Fair Price-To-Earnings Ratio (26.3x).


Share Price vs Fair Value

What is the Fair Price of 300308 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300308 (CN¥28.86) is trading above our estimate of fair value (CN¥4.2)

Significantly Below Fair Value: 300308 is trading above our estimate of fair value.


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 300308 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥28.86
CN¥40.67
+40.9%
16.9%CN¥54.50CN¥27.10n/a15
Jan ’24CN¥27.03
CN¥40.54
+50.0%
17.2%CN¥54.50CN¥27.10n/a15
Dec ’23CN¥28.45
CN¥41.06
+44.3%
15.1%CN¥54.50CN¥32.00n/a15
Nov ’23CN¥29.60
CN¥42.00
+41.9%
13.3%CN¥54.50CN¥32.50n/a15
Oct ’23CN¥26.08
CN¥41.44
+58.9%
10.8%CN¥54.30CN¥33.30n/a15
Sep ’23CN¥28.66
CN¥41.85
+46.0%
10.3%CN¥54.30CN¥33.30n/a15
Aug ’23CN¥32.98
CN¥43.31
+31.3%
9.6%CN¥54.30CN¥34.61n/a14
Jul ’23CN¥31.00
CN¥43.14
+39.1%
10.0%CN¥54.30CN¥34.61n/a14
Jun ’23CN¥32.20
CN¥44.46
+38.1%
13.4%CN¥59.50CN¥34.61n/a14
May ’23CN¥30.62
CN¥44.81
+46.3%
13.6%CN¥59.50CN¥34.61n/a13
Apr ’23CN¥31.68
CN¥47.91
+51.2%
11.3%CN¥59.50CN¥40.00n/a13
Mar ’23CN¥38.31
CN¥48.85
+27.5%
12.2%CN¥60.30CN¥40.00n/a13
Feb ’23CN¥35.80
CN¥49.16
+37.3%
12.5%CN¥60.30CN¥40.00n/a12
Jan ’23CN¥42.50
CN¥46.72
+9.9%
12.7%CN¥61.00CN¥40.00CN¥27.0312
Dec ’22CN¥39.26
CN¥47.75
+21.6%
14.9%CN¥62.11CN¥40.00CN¥28.4513
Nov ’22CN¥33.82
CN¥47.64
+40.9%
13.9%CN¥62.11CN¥40.00CN¥29.6013
Oct ’22CN¥34.88
CN¥51.85
+48.7%
17.7%CN¥78.00CN¥42.00CN¥26.0814
Sep ’22CN¥35.68
CN¥54.55
+52.9%
18.4%CN¥78.00CN¥44.00CN¥28.6614
Aug ’22CN¥42.67
CN¥59.20
+38.7%
17.8%CN¥78.00CN¥45.50CN¥32.9814
Jul ’22CN¥36.95
CN¥59.23
+60.3%
17.7%CN¥78.00CN¥45.50CN¥31.0014
Jun ’22CN¥40.76
CN¥61.51
+50.9%
17.0%CN¥78.00CN¥45.50CN¥32.2014
May ’22CN¥34.21
CN¥61.73
+80.4%
17.5%CN¥78.00CN¥45.50CN¥30.6214
Apr ’22CN¥36.10
CN¥65.40
+81.2%
14.1%CN¥78.00CN¥49.27CN¥31.6813
Mar ’22CN¥46.55
CN¥69.44
+49.2%
9.3%CN¥78.00CN¥51.80CN¥38.3114
Feb ’22CN¥53.18
CN¥72.69
+36.7%
13.8%CN¥99.21CN¥51.80CN¥35.8014
Jan ’22CN¥50.86
CN¥72.25
+42.1%
14.9%CN¥99.21CN¥51.80CN¥42.5013

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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