LUSTER LightTech Valuation

Q: What is the Fair Price of 688400 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

688400 (CN¥23.55) is trading above our estimate of [[fair value]] (CN¥1.97)

Is 688400 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 688400 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688400 (CN¥23.55) is trading above our estimate of fair value (CN¥1.97)

Significantly Below Fair Value: 688400 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688400?

Key metric: As 688400 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688400. This is calculated by dividing 688400's market cap by their current earnings.
What is 688400's PE Ratio?
PE Ratio	78x
Earnings	CN¥138.11m
Market Cap	CN¥10.77b

688400 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	3.9x
Enterprise Value/EBITDA	136.4x
PEG Ratio	2.2x

Price to Earnings Ratio vs Peers

How does 688400's PE Ratio compare to its peers?

The above table shows the PE ratio for 688400 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	72.3x
300747 Wuhan Raycus Fiber Laser TechnologiesLtd	67.9x	53.9%	CN¥11.4b
300130 XGD	26.1x	35.8%	CN¥13.3b
600654 China Security	150.2x	n/a	CN¥11.3b
603297 Ningbo Yongxin OpticsLtd	45x	35.4%	CN¥9.4b
688400 LUSTER LightTech	78x	35.7%	CN¥10.8b

Price-To-Earnings vs Peers: 688400 is expensive based on its Price-To-Earnings Ratio (78x) compared to the peer average (75.9x).

Price to Earnings Ratio vs Industry

How does 688400's PE Ratio compare vs other companies in the CN Electronic Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 688400 is expensive based on its Price-To-Earnings Ratio (78x) compared to the CN Electronic industry average (45.4x).

Price to Earnings Ratio vs Fair Ratio

What is 688400'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.

688400 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	78x
Fair PE Ratio	41.4x

Price-To-Earnings vs Fair Ratio: 688400 is expensive based on its Price-To-Earnings Ratio (78x) compared to the estimated Fair Price-To-Earnings Ratio (41.4x).

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 688400 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥23.55	CN¥18.00 -23.6%	38.9%	CN¥25.00	CN¥11.00	n/a	2
Nov ’25	CN¥23.53	CN¥15.55 -33.9%	27.3%	CN¥19.80	CN¥11.30	n/a	2
Oct ’25	CN¥20.75	CN¥15.20 -26.7%	30.3%	CN¥19.80	CN¥10.60	n/a	2
Sep ’25	CN¥15.85	CN¥16.50 +4.1%	20.0%	CN¥19.80	CN¥13.20	n/a	2
Aug ’25	CN¥14.91	CN¥16.50 +10.7%	20.0%	CN¥19.80	CN¥13.20	n/a	2
Jul ’25	CN¥16.43	CN¥17.35 +5.6%	14.1%	CN¥19.80	CN¥14.90	n/a	2
Oct ’24	CN¥24.82	CN¥26.60 +7.2%	24.1%	CN¥33.00	CN¥20.20	CN¥20.75	2
Sep ’24	CN¥25.67	CN¥32.80 +27.8%	25.6%	CN¥43.00	CN¥22.40	CN¥15.85	3
Aug ’24	n/a	CN¥32.80 0%	25.6%	CN¥43.00	CN¥22.40	CN¥14.91	3
Jul ’24	n/a	CN¥33.30 0%	23.4%	CN¥43.00	CN¥23.90	CN¥16.43	3
Jun ’24	n/a	CN¥33.30 0%	23.4%	CN¥43.00	CN¥23.90	CN¥17.09	3
May ’24	n/a	CN¥34.20 0%	19.7%	CN¥43.00	CN¥26.60	CN¥18.92	3
Apr ’24	n/a	CN¥29.80 0%	10.7%	CN¥33.00	CN¥26.60	CN¥21.10	2

Analyst Forecast: Target price is lower than the current share price.

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