Wingtech Technology Co.,Ltd

XSSC:600745 Stock Report

Market Cap: CN¥53.6b

Wingtech TechnologyLtd Valuation

Is 600745 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-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 600745 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600745 (CN¥43.24) is trading below our estimate of fair value (CN¥50.15)

Significantly Below Fair Value: 600745 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 600745?

Key metric: As 600745 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600745. This is calculated by dividing 600745's market cap by their current revenue.
What is 600745's PS Ratio?
PS Ratio0.8x
SalesCN¥69.96b
Market CapCN¥53.55b

Price to Sales Ratio vs Peers

How does 600745's PS Ratio compare to its peers?

The above table shows the PS ratio for 600745 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.8x
002241 Goertek
0.9x10.4%CN¥82.8b
000021 Shenzhen Kaifa Technology
2.2xn/aCN¥31.7b
603583 Zhejiang Jiecang Linear Motion TechnologyLtd
2.4x17.2%CN¥8.5b
300131 Shenzhen Yitoa Intelligent ControlLtd
1.8xn/aCN¥9.8b
600745 Wingtech TechnologyLtd
0.8x7.6%CN¥53.6b

Price-To-Sales vs Peers: 600745 is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

How does 600745's PS Ratio compare vs other companies in the CN Electronic Industry?

16 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.4.4x18.4%
600745 Wingtech TechnologyLtd
 0.8x7.6%US$7.40b
000100 TCL Technology Group
0.5x11.9%US$12.26b
601231 Universal Scientific Industrial (Shanghai)
0.5x11.1%US$4.56b
600745 0.8xIndustry Avg. 4.4xNo. of Companies49PS03.26.49.612.816+
16 CompaniesEstimated GrowthMarket Cap
Industry Avg.4.4x32.3%
600745 Wingtech TechnologyLtd
 0.8x51.3%US$7.40b
No more companies

Price-To-Sales vs Industry: 600745 is good value based on its Price-To-Sales Ratio (0.8x) compared to the CN Electronic industry average (4.3x).

Price to Sales Ratio vs Fair Ratio

What is 600745'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.

600745 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: 600745 is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).

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 600745 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥43.24
CN¥52.03
+20.3%
48.9%CN¥115.00CN¥33.00n/a8
Nov ’25CN¥42.50
CN¥52.03
+22.4%
48.9%CN¥115.00CN¥33.00n/a8
Oct ’25CN¥32.73
CN¥50.01
+52.8%
49.2%CN¥115.00CN¥33.00n/a9
Sep ’25CN¥26.10
CN¥48.02
+84.0%
52.8%CN¥115.00CN¥30.10n/a9
Aug ’25CN¥30.13
CN¥48.80
+62.0%
51.7%CN¥115.00CN¥30.10n/a9
Jul ’25CN¥28.06
CN¥46.77
+66.7%
56.0%CN¥115.00CN¥30.10n/a8
Jun ’25CN¥30.52
CN¥57.03
+86.9%
45.7%CN¥115.00CN¥30.10n/a11
May ’25CN¥31.50
CN¥60.38
+91.7%
40.6%CN¥115.00CN¥30.10n/a11
Apr ’25CN¥37.40
CN¥67.97
+81.7%
28.5%CN¥115.00CN¥38.00n/a12
Mar ’25CN¥40.92
CN¥69.38
+69.6%
25.5%CN¥115.00CN¥49.90n/a12
Feb ’25CN¥33.26
CN¥69.04
+107.6%
24.7%CN¥115.00CN¥49.90n/a13
Jan ’25CN¥42.31
CN¥69.04
+63.2%
24.7%CN¥115.00CN¥49.90n/a13
Dec ’24CN¥48.42
CN¥69.04
+42.6%
24.7%CN¥115.00CN¥49.90n/a13
Nov ’24CN¥49.56
CN¥67.20
+35.6%
22.7%CN¥115.00CN¥49.90CN¥42.5012
Oct ’24CN¥43.65
CN¥69.01
+58.1%
32.4%CN¥141.40CN¥49.90CN¥32.7312
Sep ’24CN¥45.77
CN¥69.09
+51.0%
32.3%CN¥141.40CN¥49.90CN¥26.1012
Aug ’24CN¥47.78
CN¥76.00
+59.1%
28.0%CN¥141.40CN¥57.11CN¥30.1312
Jul ’24CN¥48.90
CN¥76.00
+55.4%
28.0%CN¥141.40CN¥57.11CN¥28.0612
Jun ’24CN¥51.39
CN¥76.48
+48.8%
27.6%CN¥141.40CN¥57.11CN¥30.5212
May ’24CN¥52.57
CN¥81.09
+54.3%
27.3%CN¥141.40CN¥57.11CN¥31.5010
Apr ’24CN¥55.25
CN¥80.45
+45.6%
28.5%CN¥141.40CN¥56.54CN¥37.4010
Mar ’24CN¥54.36
CN¥81.45
+49.8%
28.3%CN¥141.40CN¥56.54CN¥40.9210
Feb ’24CN¥59.93
CN¥81.45
+35.9%
28.3%CN¥141.40CN¥56.54CN¥33.2610
Jan ’24CN¥52.58
CN¥82.68
+57.2%
26.8%CN¥141.40CN¥56.54CN¥42.3111
Dec ’23CN¥56.75
CN¥85.73
+51.1%
35.8%CN¥175.00CN¥56.54CN¥48.4211
Nov ’23CN¥50.95
CN¥90.18
+77.0%
34.6%CN¥175.00CN¥56.54CN¥49.5610

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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