Zhejiang Hechuan Technology Valuation
Is 688320 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
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 688320 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 688320 (CN¥37.5) is trading above our estimate of fair value (CN¥1.05)
Significantly Below Fair Value: 688320 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 688320?
Key metric: As 688320 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 688320's PS Ratio? | |
|---|---|
| PS Ratio | 6.5x |
| Sales | CN¥875.03m |
| Market Cap | CN¥5.66b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 6.7x |
| Enterprise Value/EBITDA | -78.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 688320's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 4.8x | ||
002161 Invengo Information TechnologyLtd | 7.3x | n/a | CN¥4.4b |
300161 Wuhan Huazhong Numerical ControlLtd | 2.9x | n/a | CN¥5.5b |
002990 Maxvision Technology | 4.5x | 31.9% | CN¥6.1b |
301303 Zenner Metering Technology (Shanghai) | 4.5x | n/a | CN¥6.1b |
688320 Zhejiang Hechuan Technology | 6.5x | 19.8% | CN¥5.7b |
Price-To-Sales vs Peers: 688320 is expensive based on its Price-To-Sales Ratio (6.5x) compared to the peer average (4.8x).
Price to Sales Ratio vs Industry
How does 688320's PS Ratio compare vs other companies in the CN Electronic Industry?
| 17 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
601138 Foxconn Industrial Internet | 0.8x | 19.3% | US$61.26b |
000100 TCL Technology Group | 0.5x | 11.9% | US$11.78b |
600745 Wingtech TechnologyLtd | 0.7x | 7.6% | US$7.03b |
601231 Universal Scientific Industrial (Shanghai) | 0.5x | 11.1% | US$4.28b |
| 17 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Sales vs Industry: 688320 is expensive based on its Price-To-Sales Ratio (6.5x) compared to the CN Electronic industry average (4.3x).
Price to Sales Ratio vs Fair Ratio
What is 688320'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 6.5x |
| Fair PS Ratio | 2.4x |
Price-To-Sales vs Fair Ratio: 688320 is expensive based on its Price-To-Sales Ratio (6.5x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CN¥37.50 | CN¥18.45 -50.8% | 24.7% | CN¥23.00 | CN¥13.90 | n/a | 2 |
| Nov ’25 | CN¥25.95 | CN¥19.55 -24.7% | 17.6% | CN¥23.00 | CN¥16.10 | n/a | 2 |
| Oct ’25 | CN¥30.88 | CN¥18.50 -40.1% | 24.3% | CN¥23.00 | CN¥14.00 | n/a | 2 |
| Sep ’25 | CN¥24.28 | CN¥20.15 -17.0% | 14.1% | CN¥23.00 | CN¥17.30 | n/a | 2 |
| Aug ’25 | CN¥21.24 | CN¥22.15 +4.3% | 21.9% | CN¥27.00 | CN¥17.30 | n/a | 2 |
| Jul ’25 | CN¥24.50 | CN¥23.10 -5.7% | 16.9% | CN¥27.00 | CN¥19.20 | n/a | 2 |
| Jun ’25 | CN¥26.92 | CN¥23.10 -14.2% | 16.9% | CN¥27.00 | CN¥19.20 | n/a | 2 |
| May ’25 | CN¥27.38 | CN¥25.60 -6.5% | 5.5% | CN¥27.00 | CN¥24.20 | n/a | 2 |
| Apr ’25 | CN¥30.14 | CN¥34.60 +14.8% | 30.1% | CN¥45.00 | CN¥24.20 | n/a | 2 |
| Mar ’25 | CN¥33.48 | CN¥34.60 +3.3% | 30.1% | CN¥45.00 | CN¥24.20 | n/a | 2 |
| Feb ’25 | CN¥26.76 | CN¥36.60 +36.8% | 23.0% | CN¥45.00 | CN¥28.20 | n/a | 2 |
| Jan ’25 | CN¥41.00 | CN¥42.20 +2.9% | 6.6% | CN¥45.00 | CN¥39.40 | n/a | 2 |
| Dec ’24 | CN¥44.70 | CN¥42.20 -5.6% | 6.6% | CN¥45.00 | CN¥39.40 | n/a | 2 |
| Nov ’24 | CN¥40.18 | CN¥43.10 +7.3% | 4.4% | CN¥45.00 | CN¥41.20 | CN¥25.95 | 2 |
| Oct ’24 | CN¥40.00 | CN¥43.10 +7.8% | 4.4% | CN¥45.00 | CN¥41.20 | CN¥30.88 | 2 |
| Sep ’24 | CN¥38.19 | CN¥43.65 +14.3% | 3.1% | CN¥45.00 | CN¥42.30 | CN¥24.28 | 2 |
| Aug ’24 | CN¥35.42 | CN¥43.65 +23.2% | 3.1% | CN¥45.00 | CN¥42.30 | CN¥21.24 | 2 |
| Jul ’24 | CN¥48.22 | CN¥51.42 +6.6% | 21.5% | CN¥66.95 | CN¥42.30 | CN¥24.50 | 3 |
| Jun ’24 | CN¥39.58 | CN¥51.42 +29.9% | 21.5% | CN¥66.95 | CN¥42.30 | CN¥26.92 | 3 |
| May ’24 | n/a | CN¥52.92 0% | 18.8% | CN¥66.95 | CN¥45.00 | CN¥27.38 | 3 |
| Apr ’24 | n/a | CN¥57.92 0% | 14.4% | CN¥66.95 | CN¥46.80 | CN¥30.14 | 3 |
| Mar ’24 | n/a | CN¥60.15 0% | 9.1% | CN¥66.95 | CN¥53.50 | CN¥33.48 | 3 |
| Feb ’24 | n/a | CN¥65.98 0% | 14.9% | CN¥77.50 | CN¥53.50 | CN¥26.76 | 3 |
| Jan ’24 | n/a | CN¥65.98 0% | 14.9% | CN¥77.50 | CN¥53.50 | CN¥41.00 | 3 |
Analyst Forecast: Target price is lower than the current share price.
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