Jinzhou Port Valuation

Is 600190 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 600190 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600190 (CN¥1.71) is trading above our estimate of fair value (CN¥0.12)

Significantly Below Fair Value: 600190 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600190?

Key metric: As 600190 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600190. This is calculated by dividing 600190's market cap by their current revenue.
What is 600190's PS Ratio?
PS Ratio	1.8x
Sales	CN¥1.94b
Market Cap	CN¥3.23b

600190 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	4.9x
Enterprise Value/EBITDA	-6.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600190's PS Ratio compare to its peers?

The above table shows the PS ratio for 600190 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.6x
002040 Nanjing Port	3.5x	n/a	CN¥3.4b
000905 Xiamen Port Development	0.2x	n/a	CN¥4.9b
000507 Zhuhai PortLtd	0.9x	n/a	CN¥4.7b
002492 Zhuhai Winbase International Chemical Tank TerminalLtd	5.8x	n/a	CN¥2.1b
600190 Jinzhou Port	1.8x	n/a	CN¥3.2b

Price-To-Sales vs Peers: 600190 is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (2.6x).

Price to Sales Ratio vs Industry

How does 600190's PS Ratio compare vs other companies in the CN Infrastructure Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
000905 Xiamen Port Development	0.2x	n/a	US$681.23m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 600190 is good value based on its Price-To-Sales Ratio (1.8x) compared to the CN Infrastructure industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

What is 600190'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.

600190 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600190's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.