Anhui Expressway Valuation

Is 600012 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 600012 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600012 (CN¥14.4) is trading above our estimate of fair value (CN¥8.24)

Significantly Below Fair Value: 600012 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600012?

Key metric: As 600012 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600012. This is calculated by dividing 600012's market cap by their current earnings.
What is 600012's PE Ratio?
PE Ratio	9.1x
Earnings	CN¥1.53b
Market Cap	CN¥20.93b

600012 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	3.4x
Enterprise Value/EBITDA	8.1x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does 600012's PE Ratio compare to its peers?

The above table shows the PE ratio for 600012 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	15.6x
000088 Shenzhen Yan Tian Port HoldingsLtd	22.9x	n/a	CN¥26.8b
000429 Guangdong Provincial Expressway Development	15.1x	1.6%	CN¥23.0b
600350 Shandong Hi-speed	14.2x	8.8%	CN¥44.9b
600269 Jiangxi Ganyue ExpresswayLTD	9.9x	n/a	CN¥12.4b
600012 Anhui Expressway	9.1x	8.1%	CN¥22.5b

Price-To-Earnings vs Peers: 600012 is good value based on its Price-To-Earnings Ratio (9.1x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

How does 600012's PE Ratio compare vs other companies in the CN Infrastructure 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: 600012 is good value based on its Price-To-Earnings Ratio (9.1x) compared to the CN Infrastructure industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is 600012'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.

600012 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.1x
Fair PE Ratio	15.1x

Price-To-Earnings vs Fair Ratio: 600012 is good value based on its Price-To-Earnings Ratio (9.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

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.