Shenwan Hongyuan (H.K.) Limited

DB:WAY Stock Report

Market Cap: €282.9m

Shenwan Hongyuan (H.K.) Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: Insufficient data to calculate WAY's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate WAY's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As WAY is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for WAY. This is calculated by dividing WAY's market cap by their current revenue.
What is WAY's PS Ratio?
PS Ratio5.6x
SalesHK$412.02m
Market CapHK$2.31b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for WAY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.7x
EUX EUWAX
4.7xn/a€197.8m
LUS1 Lang & Schwarz
0.3xn/a€182.6m
ADE Bitcoin Group
44.1xn/a€287.5m
JDC JDC Group
1.5x11.2%€317.8m
WAY Shenwan Hongyuan (H.K.)
5.6xn/a€2.3b

Price-To-Sales vs Peers: WAY is good value based on its Price-To-Sales Ratio (5.6x) compared to the peer average (13x).

Price to Sales Ratio vs Industry

How does WAY's PS Ratio compare vs other companies in the DE Capital Markets Industry?

22 CompaniesPrice / SalesEstimated GrowthMarket Cap
MLP MLP
0.6x2.3%US$673.63m
MUX Mutares SE KGaA
0.09x10.5%US$509.72m
AR4 AURELIUS Equity Opportunities SE KGaA
0.2x0.01%US$500.05m
AR4 AURELIUS Equity Opportunities SE KGaA
0.1xn/aUS$410.89m
WAY 5.6xIndustry Avg. 2.8xNo. of Companies22PS048121620+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WAY is expensive based on its Price-To-Sales Ratio (5.6x) compared to the German Capital Markets industry average (2.8x).

Price to Sales Ratio vs Fair Ratio

What is WAY'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.

WAY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.6x
Fair PS Ration/a

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