Fujian Mindong Electric Power Limited Valuation

Q: What is the Fair Price of 000993 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

000993 (CN¥9.07) is trading above our estimate of [[fair value]] (CN¥1.63)

Is 000993 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 000993 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000993 (CN¥9.07) is trading above our estimate of fair value (CN¥1.63)

Significantly Below Fair Value: 000993 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000993?

Key metric: As 000993 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 000993. This is calculated by dividing 000993's market cap by their current revenue.
What is 000993's PS Ratio?
PS Ratio	7.4x
Sales	CN¥558.34m
Market Cap	CN¥4.15b

000993 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	8.1x
Enterprise Value/EBITDA	21.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 000993's PS Ratio compare to its peers?

The above table shows the PS ratio for 000993 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	1x
002479 Zhejiang Fuchunjiang Environmental ThermoelectricLTD	0.9x	n/a	CN¥4.1b
000601 GuangDong ShaoNeng Group	1.1x	n/a	CN¥4.5b
000531 Guangzhou Hengyun Enterprises Holding	1.3x	18.7%	CN¥6.1b
600780 Top Energy CompanyShanxi	0.7x	n/a	CN¥7.0b
000993 Fujian Mindong Electric Power Limited	7.4x	n/a	CN¥4.2b

Price-To-Sales vs Peers: 000993 is expensive based on its Price-To-Sales Ratio (7.4x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does 000993's PS Ratio compare vs other companies in the CN Renewable Energy Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
600795 GD Power DevelopmentLtd	0.5x	6.0%	US$11.75b
000539 Guangdong Electric Power Development	0.4x	24.9%	US$3.12b
000600 Jointo Energy Investment Hebei	0.4x	2.5%	US$1.31b
000767 Jinneng Holding Shanxi Electric PowerLTD	0.5x	n/a	US$1.13b

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 000993 is expensive based on its Price-To-Sales Ratio (7.4x) compared to the CN Renewable Energy industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 000993'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.

000993 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	7.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 000993'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.

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