Tsinghua Tongfang Valuation

Is 600100 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 600100 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 600100's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 600100's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600100?

Key metric: As 600100 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600100. This is calculated by dividing 600100's market cap by their current revenue.
What is 600100's PS Ratio?
PS Ratio	1.2x
Sales	CN¥20.09b
Market Cap	CN¥24.52b

600100 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2x
Enterprise Value/EBITDA	475.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600100's PS Ratio compare to its peers?

The above table shows the PS ratio for 600100 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.3x
002180 Ninestar	1.5x	9.8%	CN¥37.2b
603341 Shanghai Longcheer Technology	0.5x	n/a	CN¥21.9b
002152 GRG Banking Equipment	3.1x	16.4%	CN¥32.7b
000727 TPV Technology	0.2x	n/a	CN¥13.4b
600100 Tsinghua Tongfang	1.2x	5.6%	CN¥24.5b

Price-To-Sales vs Peers: 600100 is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does 600100's PS Ratio compare vs other companies in the CN Tech Industry?

5 Companies	Price / Sales	Estimated Growth	Market Cap
000977 Inspur Electronic Information Industry	0.7x	6.9%	US$9.59b
603296 Huaqin Technology	0.7x	14.6%	US$8.68b
603341 Shanghai Longcheer Technology	0.5x	n/a	US$3.01b
000727 TPV Technology	0.2x	n/a	US$1.84b

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 600100 is good value based on its Price-To-Sales Ratio (1.2x) compared to the CN Tech industry average (3.3x).

Price to Sales Ratio vs Fair Ratio

What is 600100'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.

600100 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.2x
Fair PS Ratio	1.8x

Price-To-Sales vs Fair Ratio: 600100 is good value based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (1.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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