Ninestar Corporation

XSEC:002180 Stock Report

Market Cap: CN¥37.4b

Ninestar Valuation

Is 002180 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-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 002180 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002180 (CN¥26.44) is trading above our estimate of fair value (CN¥17.35)

Significantly Below Fair Value: 002180 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002180?

Key metric: As 002180 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002180. This is calculated by dividing 002180's market cap by their current revenue.
What is 002180's PS Ratio?
PS Ratio1.5x
SalesCN¥25.51b
Market CapCN¥37.44b

Price to Sales Ratio vs Peers

How does 002180's PS Ratio compare to its peers?

The above table shows the PS ratio for 002180 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
002152 GRG Banking Equipment
3x16.4%CN¥31.0b
603296 Huaqin Technology
0.6x14.6%CN¥62.7b
300866 Anker Innovations
1.9x19.0%CN¥42.8b
301308 Shenzhen Longsys Electronics
2.1x13.8%CN¥34.5b
002180 Ninestar
1.5x9.8%CN¥37.4b

Price-To-Sales vs Peers: 002180 is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does 002180's PS Ratio compare vs other companies in the CN Tech Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
000977 Inspur Electronic Information Industry
0.7x6.9%US$9.69b
603296 Huaqin Technology
0.6x14.6%US$8.65b
603341 Shanghai Longcheer Technology
0.5xn/aUS$3.10b
000727 TPV Technology
0.2xn/aUS$1.73b
002180 1.5xIndustry Avg. 3.5xNo. of Companies9PS02.85.68.411.214+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 002180 is good value based on its Price-To-Sales Ratio (1.5x) compared to the CN Tech industry average (3.5x).

Price to Sales Ratio vs Fair Ratio

What is 002180'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.

002180 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ratio3.2x

Price-To-Sales vs Fair Ratio: 002180 is good value based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (3.2x).

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 002180 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥26.44
CN¥35.77
+35.3%
6.2%CN¥38.43CN¥33.00n/a3
Nov ’25CN¥28.17
CN¥35.77
+27.0%
6.2%CN¥38.43CN¥33.00n/a3
Oct ’25CN¥30.33
CN¥33.68
+11.0%
10.8%CN¥38.43CN¥29.61n/a3
Sep ’25CN¥24.93
CN¥33.68
+35.1%
10.8%CN¥38.43CN¥29.61n/a3
Aug ’25CN¥26.60
CN¥35.40
+33.1%
6.4%CN¥38.43CN¥33.00n/a3
Jul ’25CN¥26.70
CN¥34.15
+27.9%
9.2%CN¥38.43CN¥31.03n/a3
Jun ’25CN¥27.20
CN¥32.02
+17.7%
3.1%CN¥33.00CN¥31.03n/a2
May ’25CN¥25.32
CN¥35.16
+38.8%
13.8%CN¥40.00CN¥30.31n/a2
Apr ’25CN¥24.24
CN¥38.13
+57.3%
4.9%CN¥40.00CN¥36.26n/a2
Mar ’25CN¥25.77
CN¥38.13
+48.0%
4.9%CN¥40.00CN¥36.26n/a2
Feb ’25CN¥18.99
CN¥38.13
+100.8%
4.9%CN¥40.00CN¥36.26n/a2
Jan ’25CN¥22.63
CN¥38.13
+68.5%
4.9%CN¥40.00CN¥36.26n/a2
Dec ’24CN¥27.58
CN¥38.13
+38.3%
4.9%CN¥40.00CN¥36.26n/a2
Nov ’24CN¥24.64
CN¥38.13
+54.7%
4.9%CN¥40.00CN¥36.26CN¥28.172
Oct ’24CN¥25.86
CN¥45.06
+74.2%
11.2%CN¥50.12CN¥40.00CN¥30.332
Sep ’24CN¥27.21
CN¥55.04
+102.3%
26.7%CN¥75.00CN¥40.00CN¥24.933
Aug ’24CN¥35.39
CN¥68.15
+92.6%
10.7%CN¥75.00CN¥58.00CN¥26.603
Jul ’24CN¥34.25
CN¥68.15
+99.0%
10.7%CN¥75.00CN¥58.00CN¥26.703
Jun ’24CN¥38.05
CN¥68.15
+79.1%
10.7%CN¥75.00CN¥58.00CN¥27.203
May ’24CN¥39.58
CN¥70.82
+78.9%
5.2%CN¥75.00CN¥66.00CN¥25.323
Apr ’24CN¥44.82
CN¥75.63
+68.7%
4.8%CN¥80.39CN¥71.50CN¥24.243
Mar ’24CN¥53.37
CN¥75.63
+41.7%
4.8%CN¥80.39CN¥71.50CN¥25.773
Feb ’24CN¥51.00
CN¥72.30
+41.8%
8.7%CN¥80.39CN¥65.00CN¥18.993
Jan ’24CN¥51.89
CN¥68.81
+32.6%
3.9%CN¥71.50CN¥66.11CN¥22.632
Dec ’23CN¥55.21
CN¥68.81
+24.6%
3.9%CN¥71.50CN¥66.11CN¥27.582
Nov ’23CN¥55.19
CN¥68.81
+24.7%
3.9%CN¥71.50CN¥66.11CN¥24.642

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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