STO ExpressLtd Valuation

Is 002468 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 002468 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002468 (CN¥9.71) is trading below our estimate of fair value (CN¥44.07)

Significantly Below Fair Value: 002468 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002468?

Key metric: As 002468 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002468. This is calculated by dividing 002468's market cap by their current earnings.
What is 002468's PE Ratio?
PE Ratio	19x
Earnings	CN¥772.12m
Market Cap	CN¥14.67b

002468 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	0.5x
Enterprise Value/EBITDA	8.3x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does 002468's PE Ratio compare to its peers?

The above table shows the PE ratio for 002468 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	34.6x
603056 DEPPON LOGISTICS	17.3x	22.5%	CN¥13.7b
603871 Jiayou International LogisticsLtd	15.2x	24.2%	CN¥20.8b
000099 CITIC Offshore Helicopter	95.7x	20.8%	CN¥22.9b
600057 Xiamen Xiangyu	10.4x	32.7%	CN¥13.4b
002468 STO ExpressLtd	19x	17.2%	CN¥14.7b

Price-To-Earnings vs Peers: 002468 is good value based on its Price-To-Earnings Ratio (19x) compared to the peer average (34.6x).

Price to Earnings Ratio vs Industry

How does 002468's PE Ratio compare vs other companies in the CN Logistics 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: 002468 is expensive based on its Price-To-Earnings Ratio (19x) compared to the CN Logistics industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is 002468'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.

002468 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19x
Fair PE Ratio	16.8x

Price-To-Earnings vs Fair Ratio: 002468 is expensive based on its Price-To-Earnings Ratio (19x) compared to the estimated Fair Price-To-Earnings Ratio (16.8x).

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 002468 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¥9.71	CN¥12.43 +28.0%	12.8%	CN¥14.50	CN¥10.10	n/a	10
Nov ’25	CN¥10.88	CN¥12.28 +12.9%	13.8%	CN¥14.50	CN¥10.10	n/a	10
Oct ’25	CN¥11.53	CN¥11.12 -3.5%	17.9%	CN¥14.20	CN¥7.90	n/a	10
Sep ’25	CN¥9.09	CN¥10.17 +11.9%	16.6%	CN¥13.65	CN¥7.60	n/a	11
Aug ’25	CN¥8.93	CN¥10.07 +12.8%	15.5%	CN¥13.65	CN¥7.60	n/a	11
Jul ’25	CN¥8.31	CN¥10.18 +22.5%	15.7%	CN¥13.65	CN¥7.60	n/a	10
Jun ’25	CN¥9.57	CN¥10.05 +5.0%	14.9%	CN¥13.65	CN¥8.20	n/a	11
May ’25	CN¥9.15	CN¥9.95 +8.7%	15.6%	CN¥13.65	CN¥8.20	n/a	11
Apr ’25	CN¥8.59	CN¥10.09 +17.5%	23.4%	CN¥15.00	CN¥7.40	n/a	10
Mar ’25	CN¥7.95	CN¥10.10 +27.1%	24.3%	CN¥15.00	CN¥6.70	n/a	10
Feb ’25	CN¥6.78	CN¥10.10 +49.0%	24.3%	CN¥15.00	CN¥6.70	n/a	10
Jan ’25	CN¥7.79	CN¥10.16 +30.5%	22.4%	CN¥15.00	CN¥7.20	n/a	11
Dec ’24	CN¥8.87	CN¥10.52 +18.6%	21.9%	CN¥15.00	CN¥7.20	n/a	11
Nov ’24	CN¥9.49	CN¥10.85 +14.3%	19.8%	CN¥15.00	CN¥8.00	CN¥10.88	10
Oct ’24	CN¥10.50	CN¥11.03 +5.1%	21.1%	CN¥15.00	CN¥8.00	CN¥11.53	10
Sep ’24	CN¥9.95	CN¥11.22 +12.8%	21.5%	CN¥15.00	CN¥8.00	CN¥9.09	10
Aug ’24	CN¥11.56	CN¥11.15 -3.5%	21.3%	CN¥15.00	CN¥8.20	CN¥8.93	9
Jul ’24	CN¥10.82	CN¥10.03 -7.3%	16.2%	CN¥13.30	CN¥8.20	CN¥8.31	8
Jun ’24	CN¥10.01	CN¥9.86 -1.5%	18.6%	CN¥13.30	CN¥8.10	CN¥9.57	7
May ’24	CN¥10.73	CN¥10.76 +0.3%	25.8%	CN¥16.00	CN¥8.10	CN¥9.15	7
Apr ’24	CN¥11.12	CN¥10.59 -4.8%	28.0%	CN¥16.00	CN¥6.90	CN¥8.59	7
Mar ’24	CN¥9.95	CN¥9.99 +0.4%	29.1%	CN¥16.00	CN¥6.90	CN¥7.95	7
Feb ’24	CN¥10.43	CN¥9.99 -4.3%	29.1%	CN¥16.00	CN¥6.90	CN¥6.78	7
Jan ’24	CN¥10.33	CN¥9.99 -3.3%	29.1%	CN¥16.00	CN¥6.90	CN¥7.79	7
Dec ’23	CN¥10.55	CN¥10.14 -3.9%	25.2%	CN¥16.00	CN¥7.80	CN¥8.87	8
Nov ’23	CN¥10.31	CN¥10.73 +4.0%	21.9%	CN¥16.00	CN¥7.80	CN¥9.49	8

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.