Zhongji Innolight Co., Ltd.

SZSE:300308 Stock Report

Market Cap: CN¥448.5b

Zhongji Innolight Valuation

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

CN¥348.72
Fair Value
15.8% overvalued intrinsic discount
15
Number of Analysts

Below Fair Value: 300308 (CN¥403.68) is trading above our estimate of fair value (CN¥348.72)

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

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 Ratio65.9x
EarningsCN¥6.81b
Market CapCN¥448.54b

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 Average53x
300394 Suzhou TFC Optical Communication
82.1x33.91%CN¥130.5b
000063 ZTE
28.2x4.61%CN¥208.8b
301165 Ruijie Networks
81.5x27.56%CN¥71.1b
600487 Hengtong Optic-Electric
20.2x19.91%CN¥56.1b
300308 Zhongji Innolight
65.9x30.71%CN¥448.5b

Price-To-Earnings vs Peers: 300308 is expensive based on its Price-To-Earnings Ratio (65.9x) compared to the peer average (53x).

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 65.9xIndustry Avg. 81.7xNo. of Companies5PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 300308 is good value based on its Price-To-Earnings Ratio (65.9x) compared to the CN Communications industry average (81.7x).

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 Ratio65.9x
Fair PE Ratio70.1x

Price-To-Earnings vs Fair Ratio: 300308 is good value based on its Price-To-Earnings Ratio (65.9x) compared to the estimated Fair Price-To-Earnings Ratio (70.1x).

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 300308 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥403.68
CN¥401.27
-0.60%
23.26%CN¥569.00CN¥204.00n/a15
Sep ’26CN¥406.10
CN¥339.96
-16.29%
25.64%CN¥440.00CN¥130.00n/a14
Aug ’26CN¥210.63
CN¥176.23
-16.33%
26.15%CN¥261.10CN¥92.00n/a14
Jul ’26CN¥145.30
CN¥132.25
-8.98%
21.52%CN¥185.00CN¥92.00n/a15
Jun ’26CN¥93.55
CN¥133.14
+42.32%
21.60%CN¥185.00CN¥92.00n/a15
May ’26CN¥83.49
CN¥140.72
+68.55%
25.80%CN¥216.50CN¥92.00n/a16
Apr ’26CN¥98.61
CN¥177.75
+80.25%
15.49%CN¥228.00CN¥130.00n/a16
Mar ’26CN¥100.87
CN¥192.85
+91.18%
10.67%CN¥228.00CN¥164.00n/a16
Feb ’26CN¥114.82
CN¥196.50
+71.14%
9.24%CN¥228.00CN¥164.00n/a16
Jan ’26CN¥123.51
CN¥197.94
+60.26%
11.53%CN¥240.00CN¥151.00n/a16
Dec ’25CN¥126.73
CN¥191.56
+51.15%
17.64%CN¥240.00CN¥89.50n/a17
Nov ’25CN¥140.73
CN¥189.50
+34.65%
17.01%CN¥228.00CN¥89.50n/a17
Oct ’25CN¥154.86
CN¥168.08
+8.54%
16.73%CN¥220.00CN¥89.50CN¥403.6817
Sep ’25CN¥108.90
CN¥171.08
+57.10%
16.91%CN¥220.00CN¥89.50CN¥406.1016
Aug ’25CN¥129.90
CN¥164.44
+26.59%
17.42%CN¥200.00CN¥89.29CN¥210.6317
Jul ’25CN¥144.90
CN¥150.59
+3.92%
15.96%CN¥185.00CN¥89.29CN¥145.3016
Jun ’25CN¥112.34
CN¥143.42
+27.67%
12.42%CN¥167.85CN¥89.29CN¥93.5516
May ’25CN¥133.08
CN¥136.85
+2.84%
14.69%CN¥167.85CN¥89.29CN¥83.4916
Apr ’25CN¥116.43
CN¥118.06
+1.40%
16.69%CN¥151.57CN¥85.01CN¥98.6116
Mar ’25CN¥115.07
CN¥113.37
-1.48%
14.14%CN¥132.86CN¥85.01CN¥100.8716
Feb ’25CN¥79.32
CN¥108.53
+36.82%
12.72%CN¥131.00CN¥89.29CN¥114.8216
Jan ’25CN¥80.65
CN¥103.95
+28.89%
12.41%CN¥128.57CN¥78.07CN¥123.5115
Dec ’24CN¥71.43
CN¥99.28
+38.99%
21.94%CN¥128.57CN¥30.00CN¥126.7316
Nov ’24CN¥60.87
CN¥99.31
+63.14%
22.65%CN¥128.57CN¥30.00CN¥140.7315
Oct ’24CN¥82.71
CN¥93.25
+12.73%
34.54%CN¥158.36CN¥30.00CN¥154.8614
CN¥401.27
Fair Value
0.6% overvalued intrinsic discount
15
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/06 19:18
End of Day Share Price 2025/09/30 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Zhongji Innolight Co., Ltd. is covered by 33 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kexin ZhuBofA Global Research
Kexin ZhuBofA Global Research
Lin SuCCB International Securities Limited