Fiberhome Telecommunication Technologies Co., Ltd.

XSSC:600498 Stock Report

Market Cap: CN¥21.6b

Fiberhome Telecommunication Technologies Valuation

Is 600498 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 600498 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600498 (CN¥18.23) is trading below our estimate of fair value (CN¥280.05)

Significantly Below Fair Value: 600498 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600498?

Key metric: As 600498 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600498. This is calculated by dividing 600498's market cap by their current earnings.
What is 600498's PE Ratio?
PE Ratio37.8x
EarningsCN¥571.15m
Market CapCN¥21.59b

Price to Earnings Ratio vs Peers

How does 600498's PE Ratio compare to its peers?

The above table shows the PE ratio for 600498 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.2x
300136 Shenzhen Sunway Communication
44.9x31.9%CN¥24.1b
600562 Glarun TechnologyLtd
43.7x21.5%CN¥25.1b
301165 Ruijie Networks
52.1x21.5%CN¥27.9b
002465 Guangzhou Haige Communications Group
60x36.6%CN¥31.8b
600498 Fiberhome Telecommunication Technologies
37.8x28.6%CN¥21.6b

Price-To-Earnings vs Peers: 600498 is good value based on its Price-To-Earnings Ratio (37.8x) compared to the peer average (50.2x).

Price to Earnings Ratio vs Industry

How does 600498'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
600498 37.8xIndustry Avg. 66.6xNo. of Companies6PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600498 is good value based on its Price-To-Earnings Ratio (37.8x) compared to the CN Communications industry average (67.1x).

Price to Earnings Ratio vs Fair Ratio

What is 600498'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.

600498 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.8x
Fair PE Ratio35.4x

Price-To-Earnings vs Fair Ratio: 600498 is expensive based on its Price-To-Earnings Ratio (37.8x) compared to the estimated Fair Price-To-Earnings Ratio (35.4x).

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 600498 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥18.23
CN¥24.07
+32.1%
8.5%CN¥26.62CN¥21.60n/a3
Nov ’25CN¥18.34
CN¥19.18
+4.6%
23.7%CN¥23.14CN¥12.80n/a3
Oct ’25CN¥17.16
CN¥19.70
+14.8%
25.6%CN¥24.71CN¥12.80n/a3
Sep ’25CN¥14.45
CN¥19.70
+36.4%
25.6%CN¥24.71CN¥12.80n/a3
Aug ’25CN¥15.62
CN¥20.10
+28.7%
22.4%CN¥24.71CN¥14.00n/a3
Jul ’25CN¥16.06
CN¥20.10
+25.2%
22.4%CN¥24.71CN¥14.00n/a3
Jun ’25CN¥16.09
CN¥20.10
+24.9%
22.4%CN¥24.71CN¥14.00n/a3
May ’25CN¥17.68
CN¥17.35
-1.9%
24.5%CN¥21.60CN¥13.10n/a2
Apr ’25CN¥18.19
CN¥17.35
-4.6%
24.5%CN¥21.60CN¥13.10n/a2
Mar ’25CN¥18.48
CN¥17.35
-6.1%
24.5%CN¥21.60CN¥13.10n/a2
Feb ’25CN¥13.30
CN¥17.35
+30.5%
24.5%CN¥21.60CN¥13.10n/a2
Jan ’25CN¥16.64
CN¥18.30
+10.0%
18.0%CN¥21.60CN¥15.00n/a2
Dec ’24CN¥18.27
CN¥18.30
+0.2%
18.0%CN¥21.60CN¥15.00n/a2
Nov ’24CN¥17.79
CN¥17.55
-1.3%
23.1%CN¥21.60CN¥13.50CN¥18.342
Oct ’24CN¥19.55
CN¥17.75
-9.2%
23.9%CN¥22.00CN¥13.50CN¥17.162
Sep ’24CN¥17.88
CN¥18.54
+3.7%
19.3%CN¥21.32CN¥13.50CN¥14.453
Aug ’24CN¥17.93
CN¥20.67
+15.3%
25.2%CN¥26.70CN¥14.00CN¥15.623
Jul ’24CN¥20.37
CN¥20.84
+2.3%
24.0%CN¥26.70CN¥14.50CN¥16.063
Jun ’24CN¥19.90
CN¥18.18
-8.6%
34.8%CN¥26.70CN¥10.20CN¥16.094
May ’24CN¥20.45
CN¥17.96
-12.2%
36.0%CN¥26.70CN¥10.20CN¥17.684
Apr ’24CN¥19.60
CN¥15.26
-22.2%
28.9%CN¥21.32CN¥10.20CN¥18.194
Mar ’24CN¥17.15
CN¥15.26
-11.0%
28.9%CN¥21.32CN¥10.20CN¥18.484
Feb ’24CN¥14.22
CN¥13.23
-6.9%
23.5%CN¥17.50CN¥10.20CN¥13.303
Jan ’24CN¥13.14
CN¥13.37
+1.7%
22.9%CN¥17.50CN¥10.20CN¥16.643
Dec ’23CN¥13.98
CN¥13.37
-4.4%
22.9%CN¥17.50CN¥10.20CN¥18.273
Nov ’23CN¥13.96
CN¥13.87
-0.7%
21.5%CN¥17.50CN¥10.20CN¥17.793

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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