Zhongji Innolight Co., Ltd.

XSEC:300308 Stock Report

Market Cap: CN¥151.2b

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¥136.85) is trading below our estimate of fair value (CN¥194.99)

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 Ratio32.6x
EarningsCN¥4.63b
Market CapCN¥151.18b

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 Average25.8x
000063 ZTE
20.4x6.5%CN¥179.1b
300394 Suzhou TFC Optical Communication
46.2x34.6%CN¥58.5b
300628 Yealink Network Technology
20.3x17.3%CN¥50.0b
600487 Hengtong Optic-Electric
16.3x18.0%CN¥43.5b
300308 Zhongji Innolight
32.6x32.6%CN¥151.2b

Price-To-Earnings vs Peers: 300308 is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the peer average (25.8x).

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 32.6xIndustry Avg. 67.9xNo. 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 (32.6x) compared to the CN Communications industry average (67.7x).

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 Ratio32.6x
Fair PE Ratio52.7x

Price-To-Earnings vs Fair Ratio: 300308 is good value based on its Price-To-Earnings Ratio (32.6x) 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¥136.85
CN¥191.56
+40.0%
17.6%CN¥240.00CN¥89.50n/a17
Dec ’25CN¥126.73
CN¥191.56
+51.2%
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¥30.00CN¥126.7316
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

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 04:55
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Zhongji Innolight Co., Ltd. is covered by 39 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