Zhongshan Public Utilities GroupLtd Valuation

Q: What is the Fair Price of 000685 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

000685 (CN¥8.66) is trading above our estimate of [[fair value]] (CN¥5.02)

Is 000685 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-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 000685 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000685 (CN¥8.66) is trading above our estimate of fair value (CN¥5.02)

Significantly Below Fair Value: 000685 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000685?

Key metric: As 000685 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000685. This is calculated by dividing 000685's market cap by their current earnings.
What is 000685's PE Ratio?
PE Ratio	10.9x
Earnings	CN¥1.16b
Market Cap	CN¥12.62b

000685 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	3.7x
Enterprise Value/EBITDA	20.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 000685's PE Ratio compare to its peers?

The above table shows the PE ratio for 000685 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	23.7x
600167 Luenmei QuantumLtd	19.5x	15.0%	CN¥13.9b
600864 Harbin Hatou InvestmentLtd	30.9x	n/a	CN¥13.5b
600461 Jiangxi Hongcheng EnvironmentLtd	10.7x	7.7%	CN¥11.9b
003039 Guangdong Shunkong DevelopmentLtd	33.9x	n/a	CN¥9.0b
000685 Zhongshan Public Utilities GroupLtd	11x	n/a	CN¥12.7b

Price-To-Earnings vs Peers: 000685 is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

How does 000685's PE Ratio compare vs other companies in the CN Water Utilities Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
000692 Shenyang Huitian Thermal PowerLtd	1.8x	n/a	US$265.82m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 000685 is good value based on its Price-To-Earnings Ratio (11x) compared to the Asian Water Utilities industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is 000685'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.

000685 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 000685's Price-To-Earnings 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.

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