China United Network Communications Limited

XSSC:600050 Stock Report

Market Cap: CN¥174.3b

China United Network Communications Valuation

Is 600050 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-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 600050 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600050 (CN¥5.8) is trading below our estimate of fair value (CN¥74.5)

Significantly Below Fair Value: 600050 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600050?

Key metric: As 600050 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600050. This is calculated by dividing 600050's market cap by their current earnings.
What is 600050's PE Ratio?
PE Ratio20x
EarningsCN¥8.72b
Market CapCN¥174.27b

Price to Earnings Ratio vs Peers

How does 600050's PE Ratio compare to its peers?

The above table shows the PE ratio for 600050 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.5x
002148 Beijing Bewinner Communications
141.1xn/aCN¥3.1b
ADVANC Advanced Info Service
25.7x10.0%฿850.6b
VOD Vodafone Group
9.3x4.2%UK£18.4b
RCI.B Rogers Communications
17.8x18.0%CA$27.1b
600050 China United Network Communications
21.1x10.1%CN¥184.4b

Price-To-Earnings vs Peers: 600050 is good value based on its Price-To-Earnings Ratio (21.1x) compared to the peer average (47.6x).


Price to Earnings Ratio vs Industry

How does 600050's PE Ratio compare vs other companies in the Asian Wireless Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
600050 20.0xIndustry Avg. 17.7xNo. of Companies5PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600050 is expensive based on its Price-To-Earnings Ratio (21.1x) compared to the Asian Wireless Telecom industry average (17.7x).


Price to Earnings Ratio vs Fair Ratio

What is 600050'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.

600050 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20x
Fair PE Ratio29.9x

Price-To-Earnings vs Fair Ratio: 600050 is good value based on its Price-To-Earnings Ratio (21.1x) compared to the estimated Fair Price-To-Earnings Ratio (30x).


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 600050 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥5.48
CN¥5.26
-4.1%
24.8%CN¥8.23CN¥3.80n/a9
Nov ’25CN¥5.04
CN¥5.26
+4.3%
24.8%CN¥8.23CN¥3.80n/a9
Oct ’25CN¥5.35
CN¥4.59
-14.3%
13.3%CN¥5.60CN¥3.80n/a7
Sep ’25CN¥4.64
CN¥4.57
-1.5%
13.3%CN¥5.60CN¥3.80n/a7
Aug ’25CN¥4.72
CN¥4.58
-2.9%
13.3%CN¥5.70CN¥3.80n/a6
Jul ’25CN¥4.68
CN¥4.67
-0.3%
15.8%CN¥6.10CN¥3.80n/a6
Jun ’25CN¥4.57
CN¥4.91
+7.5%
19.1%CN¥6.50CN¥3.80n/a7
May ’25CN¥4.69
CN¥4.91
+4.8%
19.1%CN¥6.50CN¥3.80n/a7
Apr ’25CN¥4.74
CN¥5.08
+7.2%
31.5%CN¥7.98CN¥2.77n/a8
Mar ’25CN¥4.84
CN¥5.33
+10.1%
32.0%CN¥7.98CN¥2.77n/a9
Feb ’25CN¥4.45
CN¥5.31
+19.3%
32.6%CN¥7.98CN¥2.77n/a9
Jan ’25CN¥4.38
CN¥4.97
+13.4%
37.9%CN¥7.98CN¥2.40n/a9
Dec ’24CN¥4.46
CN¥4.97
+11.4%
37.9%CN¥7.98CN¥2.40n/a9
Nov ’24CN¥4.44
CN¥4.97
+12.0%
37.9%CN¥7.98CN¥2.40CN¥5.049
Oct ’24CN¥4.91
CN¥5.20
+5.8%
38.0%CN¥7.98CN¥2.40CN¥5.359
Sep ’24CN¥5.20
CN¥5.20
-0.09%
38.0%CN¥7.98CN¥2.40CN¥4.649
Aug ’24CN¥5.14
CN¥4.57
-11.1%
35.9%CN¥7.50CN¥2.40CN¥4.727
Jul ’24CN¥4.80
CN¥4.31
-10.2%
39.3%CN¥7.50CN¥2.40CN¥4.688
Jun ’24CN¥5.02
CN¥4.31
-14.2%
39.3%CN¥7.50CN¥2.40CN¥4.578
May ’24CN¥5.44
CN¥4.30
-21.0%
39.3%CN¥7.50CN¥2.40CN¥4.698
Apr ’24CN¥5.42
CN¥4.51
-16.9%
38.8%CN¥7.50CN¥2.20CN¥4.749
Mar ’24CN¥5.81
CN¥3.70
-36.3%
34.3%CN¥6.09CN¥2.20CN¥4.848
Feb ’24CN¥5.28
CN¥3.63
-31.3%
35.8%CN¥6.09CN¥2.20CN¥4.458
Jan ’24CN¥4.48
CN¥3.34
-25.4%
41.4%CN¥6.09CN¥1.40CN¥4.388
Dec ’23CN¥4.72
CN¥3.09
-34.5%
46.2%CN¥6.09CN¥1.40CN¥4.468
Nov ’23CN¥3.41
CN¥3.09
-9.4%
46.2%CN¥6.09CN¥1.40CN¥4.448

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


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