Avary Holding(Shenzhen)Co., Limited

XSEC:002938 Stock Report

Market Cap: CN¥75.8b

Avary Holding(Shenzhen)Co Valuation

Is 002938 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 002938 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002938 (CN¥32.84) is trading below our estimate of fair value (CN¥55.45)

Significantly Below Fair Value: 002938 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002938?

Key metric: As 002938 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002938. This is calculated by dividing 002938's market cap by their current earnings.
What is 002938's PE Ratio?
PE Ratio22.2x
EarningsCN¥3.42b
Market CapCN¥75.83b

Price to Earnings Ratio vs Peers

How does 002938's PE Ratio compare to its peers?

The above table shows the PE ratio for 002938 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.2x
300408 Chaozhou Three-Circle (Group)Ltd
34.6x20.3%CN¥70.7b
002463 Wus Printed Circuit (Kunshan)
31x22.6%CN¥74.6b
002600 Lingyi iTech (Guangdong)
36.5x28.5%CN¥57.9b
300782 Maxscend Microelectronics
70.5x29.9%CN¥51.4b
002938 Avary Holding(Shenzhen)Co
22.2x20.8%CN¥75.8b

Price-To-Earnings vs Peers: 002938 is good value based on its Price-To-Earnings Ratio (22.2x) compared to the peer average (43.2x).

Price to Earnings Ratio vs Industry

How does 002938'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
002938 22.2xIndustry Avg. 45.0xNo. of Companies28PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002938 is good value based on its Price-To-Earnings Ratio (22.2x) compared to the CN Electronic industry average (45x).

Price to Earnings Ratio vs Fair Ratio

What is 002938'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.

002938 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.2x
Fair PE Ratio34.6x

Price-To-Earnings vs Fair Ratio: 002938 is good value based on its Price-To-Earnings Ratio (22.2x) compared to the estimated Fair Price-To-Earnings Ratio (34.6x).

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 002938 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥32.84
CN¥40.40
+23.0%
8.5%CN¥44.00CN¥35.00n/a4
Nov ’25CN¥36.65
CN¥40.40
+10.2%
8.5%CN¥44.00CN¥35.00n/a4
Oct ’25CN¥35.77
CN¥39.53
+10.5%
7.1%CN¥42.60CN¥35.00n/a4
Sep ’25CN¥35.80
CN¥39.53
+10.4%
7.1%CN¥42.60CN¥35.00n/a4
Aug ’25CN¥36.73
CN¥26.28
-28.5%
6.9%CN¥28.10CN¥24.00n/a4
Jul ’25CN¥39.20
CN¥26.28
-33.0%
6.9%CN¥28.10CN¥24.00n/a4
Jun ’25CN¥29.90
CN¥26.28
-12.1%
6.9%CN¥28.10CN¥24.00n/a4
May ’25CN¥24.14
CN¥26.28
+8.8%
6.9%CN¥28.10CN¥24.00n/a4
Apr ’25CN¥22.69
CN¥30.88
+36.1%
19.1%CN¥40.00CN¥24.00n/a4
Mar ’25CN¥21.67
CN¥30.63
+41.3%
20.2%CN¥40.00CN¥23.00n/a4
Feb ’25CN¥17.65
CN¥30.63
+73.5%
20.2%CN¥40.00CN¥23.00n/a4
Jan ’25CN¥22.32
CN¥30.63
+37.2%
20.2%CN¥40.00CN¥23.00n/a4
Dec ’24CN¥21.54
CN¥30.63
+42.2%
20.2%CN¥40.00CN¥23.00n/a4
Nov ’24CN¥21.06
CN¥34.93
+65.9%
24.2%CN¥45.23CN¥23.00CN¥36.654
Oct ’24CN¥20.36
CN¥36.08
+77.2%
26.3%CN¥45.23CN¥23.00CN¥35.773
Sep ’24CN¥21.40
CN¥33.81
+58.0%
26.9%CN¥45.23CN¥23.00CN¥35.804
Aug ’24CN¥24.74
CN¥34.65
+40.0%
24.0%CN¥45.23CN¥23.00CN¥36.735
Jul ’24CN¥24.29
CN¥34.65
+42.6%
24.0%CN¥45.23CN¥23.00CN¥39.205
Jun ’24CN¥25.57
CN¥36.37
+42.2%
23.4%CN¥45.23CN¥23.00CN¥29.906
May ’24CN¥26.11
CN¥38.65
+48.0%
15.2%CN¥45.23CN¥30.00CN¥24.145
Apr ’24CN¥31.02
CN¥38.65
+24.6%
15.2%CN¥45.23CN¥30.00CN¥22.695
Mar ’24CN¥28.85
CN¥39.15
+35.7%
13.2%CN¥45.23CN¥32.50CN¥21.675
Feb ’24CN¥29.23
CN¥39.15
+33.9%
13.2%CN¥45.23CN¥32.50CN¥17.655
Jan ’24CN¥27.44
CN¥39.15
+42.7%
13.2%CN¥45.23CN¥32.50CN¥22.325
Dec ’23CN¥29.45
CN¥40.25
+36.7%
13.4%CN¥45.23CN¥32.50CN¥21.545
Nov ’23CN¥30.66
CN¥40.25
+31.3%
13.4%CN¥45.23CN¥32.50CN¥21.065

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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