Lingyi iTech (Guangdong) Company

XSEC:002600 Stock Report

Market Cap: CN¥58.1b

Lingyi iTech (Guangdong) Valuation

Is 002600 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 002600 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002600 (CN¥8.33) is trading below our estimate of fair value (CN¥9.77)

Significantly Below Fair Value: 002600 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002600?

Key metric: As 002600 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002600. This is calculated by dividing 002600's market cap by their current earnings.
What is 002600's PE Ratio?
PE Ratio36.6x
EarningsCN¥1.59b
Market CapCN¥58.13b

Price to Earnings Ratio vs Peers

How does 002600's PE Ratio compare to its peers?

The above table shows the PE ratio for 002600 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.6x
002916 Shennan Circuit
25.9x17.3%CN¥51.2b
300408 Chaozhou Three-Circle (Group)Ltd
34x20.3%CN¥69.5b
300782 Maxscend Microelectronics
68.2x29.9%CN¥49.7b
002463 Wus Printed Circuit (Kunshan)
30.1x23.3%CN¥72.4b
002600 Lingyi iTech (Guangdong)
36.6x28.5%CN¥58.1b

Price-To-Earnings vs Peers: 002600 is good value based on its Price-To-Earnings Ratio (36.6x) compared to the peer average (39.6x).

Price to Earnings Ratio vs Industry

How does 002600's PE Ratio compare vs other companies in the CN Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
002600 36.6xIndustry Avg. 46.2xNo. of Companies29PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002600 is good value based on its Price-To-Earnings Ratio (36.6x) compared to the CN Electronic industry average (44.7x).

Price to Earnings Ratio vs Fair Ratio

What is 002600'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.

002600 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.6x
Fair PE Ratio42.2x

Price-To-Earnings vs Fair Ratio: 002600 is good value based on its Price-To-Earnings Ratio (36.6x) compared to the estimated Fair Price-To-Earnings Ratio (42.2x).

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 002600 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥8.33
CN¥9.60
+15.2%
13.9%CN¥11.00CN¥7.40n/a4
Nov ’25CN¥8.40
CN¥8.98
+6.8%
17.4%CN¥11.00CN¥7.40n/a4
Oct ’25CN¥7.51
CN¥8.58
+14.2%
13.4%CN¥10.00CN¥7.40n/a4
Sep ’25CN¥8.38
CN¥7.88
-6.0%
13.1%CN¥9.40CN¥6.60n/a4
Aug ’25CN¥7.18
CN¥7.28
+1.3%
7.6%CN¥8.10CN¥6.60n/a4
Jul ’25CN¥6.81
CN¥6.50
-4.6%
7.0%CN¥7.00CN¥5.90n/a3
Jun ’25CN¥4.93
CN¥7.05
+43.0%
13.9%CN¥8.60CN¥5.90n/a4
May ’25CN¥5.21
CN¥7.25
+39.2%
13.4%CN¥8.60CN¥5.90n/a4
Apr ’25CN¥5.62
CN¥7.60
+35.2%
13.4%CN¥8.60CN¥6.20n/a3
Mar ’25CN¥5.58
CN¥7.60
+36.2%
13.4%CN¥8.60CN¥6.20n/a3
Feb ’25CN¥4.77
CN¥7.60
+59.3%
13.4%CN¥8.60CN¥6.20n/a3
Jan ’25CN¥6.76
CN¥7.60
+12.4%
13.4%CN¥8.60CN¥6.20n/a3
Dec ’24CN¥6.74
CN¥7.60
+12.8%
13.4%CN¥8.60CN¥6.20n/a3
Nov ’24CN¥6.00
CN¥6.83
+13.9%
12.1%CN¥8.00CN¥6.20CN¥8.403
Oct ’24CN¥5.72
CN¥6.83
+19.5%
12.1%CN¥8.00CN¥6.20CN¥7.513
Sep ’24CN¥5.99
CN¥6.25
+4.3%
0.8%CN¥6.30CN¥6.20CN¥8.382
Aug ’24CN¥6.17
CN¥5.20
-15.7%
21.2%CN¥6.30CN¥4.10CN¥7.182
Jul ’24CN¥6.91
CN¥5.20
-24.7%
21.2%CN¥6.30CN¥4.10CN¥6.812
Jun ’24CN¥6.42
CN¥5.20
-19.0%
21.2%CN¥6.30CN¥4.10CN¥4.932
May ’24CN¥5.93
CN¥5.00
-15.7%
18.0%CN¥5.90CN¥4.10CN¥5.212
Apr ’24CN¥6.18
CN¥5.00
-19.1%
18.0%CN¥5.90CN¥4.10CN¥5.622
Mar ’24CN¥5.82
CN¥5.00
-14.1%
18.0%CN¥5.90CN¥4.10CN¥5.582
Feb ’24CN¥5.59
CN¥5.00
-10.6%
18.0%CN¥5.90CN¥4.10CN¥4.772

Analyst Forecast: Target price is less than 20% higher than the current share price.

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