Zhongji Innolight Co., Ltd.

SZSE:300308 Stock Report

Market Cap: CN¥142.2b

Zhongji Innolight Valuation

Is 300308 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 300308 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300308 (CN¥124.79) is trading below our estimate of fair value (CN¥198.63)

Significantly Below Fair Value: 300308 is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As 300308 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 300308. This is calculated by dividing 300308's market cap by their current earnings.
What is 300308's PE Ratio?
PE Ratio29.8x
EarningsCN¥4.63b
Market CapCN¥142.16b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.7x
000063 ZTE
15.7x6.4%CN¥138.2b
300394 Suzhou TFC Optical Communication
44.3x34.2%CN¥57.9b
300628 Yealink Network Technology
19.1x17.3%CN¥47.7b
600487 Hengtong Optic-Electric
15.6x17.4%CN¥42.3b
300308 Zhongji Innolight
29.8x32.6%CN¥142.2b

Price-To-Earnings vs Peers: 300308 is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the peer average (23.7x).

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
No more companies available in this PE range
300308 29.8xIndustry Avg. 66.7xNo. of Companies6PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 300308 is good value based on its Price-To-Earnings Ratio (29.8x) compared to the CN Communications industry average (66.7x).

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 Ratio29.8x
Fair PE Ratio52.7x

Price-To-Earnings vs Fair Ratio: 300308 is good value based on its Price-To-Earnings Ratio (29.8x) compared to the estimated Fair Price-To-Earnings Ratio (52.7x).

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¥124.79
CN¥191.56
+53.5%
17.6%CN¥240.00CN¥89.50n/a17
Nov ’25CN¥140.73
CN¥189.50
+34.7%
17.0%CN¥228.00CN¥89.50n/a17
Oct ’25CN¥154.86
CN¥168.08
+8.5%
16.7%CN¥220.00CN¥89.50n/a17
Sep ’25CN¥108.90
CN¥171.08
+57.1%
16.9%CN¥220.00CN¥89.50n/a16
Aug ’25CN¥129.90
CN¥164.44
+26.6%
17.4%CN¥200.00CN¥89.29n/a17
Jul ’25CN¥144.90
CN¥150.59
+3.9%
16.0%CN¥185.00CN¥89.29n/a16
Jun ’25CN¥112.34
CN¥143.42
+27.7%
12.4%CN¥167.85CN¥89.29n/a16
May ’25CN¥133.08
CN¥136.85
+2.8%
14.7%CN¥167.85CN¥89.29n/a16
Apr ’25CN¥116.43
CN¥118.06
+1.4%
16.7%CN¥151.57CN¥85.01n/a16
Mar ’25CN¥115.07
CN¥113.37
-1.5%
14.1%CN¥132.86CN¥85.01n/a16
Feb ’25CN¥79.32
CN¥108.53
+36.8%
12.7%CN¥131.00CN¥89.29n/a16
Jan ’25CN¥80.65
CN¥103.95
+28.9%
12.4%CN¥128.57CN¥78.07n/a15
Dec ’24CN¥71.43
CN¥99.28
+39.0%
21.9%CN¥128.57CN¥30.00n/a16
Nov ’24CN¥60.87
CN¥99.31
+63.1%
22.6%CN¥128.57CN¥30.00CN¥140.7315
Oct ’24CN¥82.71
CN¥93.25
+12.7%
34.5%CN¥158.36CN¥30.00CN¥154.8614
Sep ’24CN¥80.11
CN¥95.98
+19.8%
35.4%CN¥160.21CN¥30.00CN¥108.9014
Aug ’24CN¥96.29
CN¥88.29
-8.3%
45.5%CN¥160.21CN¥30.00CN¥129.9013
Jul ’24CN¥105.32
CN¥60.43
-42.6%
32.3%CN¥91.50CN¥30.00CN¥144.9012
Jun ’24CN¥77.17
CN¥57.37
-25.7%
32.6%CN¥91.50CN¥27.50CN¥112.3414
May ’24CN¥64.29
CN¥46.51
-27.6%
37.2%CN¥73.50CN¥23.21CN¥133.0814
Apr ’24CN¥42.07
CN¥29.63
-29.6%
14.7%CN¥38.93CN¥22.86CN¥116.4314
Mar ’24CN¥25.65
CN¥28.94
+12.8%
17.0%CN¥38.93CN¥19.36CN¥115.0715
Feb ’24CN¥21.31
CN¥29.05
+36.3%
16.9%CN¥38.93CN¥19.36CN¥79.3215
Jan ’24CN¥19.31
CN¥28.95
+50.0%
17.2%CN¥38.93CN¥19.36CN¥80.6515
Dec ’23CN¥20.32
CN¥29.33
+44.3%
15.1%CN¥38.93CN¥22.86CN¥71.4315
Nov ’23CN¥21.14
CN¥30.00
+41.9%
13.3%CN¥38.93CN¥23.21CN¥60.8715

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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