Luenmei QuantumLtd Valuation

Q: What is the Fair Price of 600167 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600167 (CN¥6.19) is trading below our estimate of [[fair value]] (CN¥7.59)

Is 600167 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 600167 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600167 (CN¥6.19) is trading below our estimate of fair value (CN¥7.59)

Significantly Below Fair Value: 600167 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600167?

Key metric: As 600167 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600167. This is calculated by dividing 600167's market cap by their current earnings.
What is 600167's PE Ratio?
PE Ratio	19.5x
Earnings	CN¥714.09m
Market Cap	CN¥13.89b

600167 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	3.2x
Enterprise Value/EBITDA	11.1x
PEG Ratio	1.3x

Price to Earnings Ratio vs Peers

How does 600167's PE Ratio compare to its peers?

The above table shows the PE ratio for 600167 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	29x
600864 Harbin Hatou InvestmentLtd	31.2x	n/a	CN¥13.5b
600461 Jiangxi Hongcheng EnvironmentLtd	10.8x	7.7%	CN¥11.9b
600323 Grandblue Environment	10.7x	7.8%	CN¥17.5b
601158 Chongqing Water GroupLtd	63.1x	24.1%	CN¥23.4b
600167 Luenmei QuantumLtd	19.5x	15.0%	CN¥13.9b

Price-To-Earnings vs Peers: 600167 is good value based on its Price-To-Earnings Ratio (19.5x) compared to the peer average (28.7x).

Price to Earnings Ratio vs Industry

How does 600167'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	1.9x	n/a	US$265.04m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600167 is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the Asian Water Utilities industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is 600167'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.

600167 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.5x
Fair PE Ratio	16.6x

Price-To-Earnings vs Fair Ratio: 600167 is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

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.

Discover undervalued companies

ENN Natural GasLtd

CN¥56.9b

Engages in natural gas distribution, trading, storage, transportation, production, and engineering in China.

600803

CN¥18.52

-4.3%

15.8%

Shenzhen Gas

CN¥20.5b

Provides urban gas, natural gas, and LPG energy.

601139

CN¥7.11

-4.3%

5.3%

Beijing Jingneng Power

CN¥24.1b

Produces and sells electric power and heat products in China.

600578

CN¥3.62

-3.2%

22.3%