Zhou Hei Ya International Holdings Valuation

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

ZHY (€0.14) is trading above our estimate of [[fair value]] (€0.13)

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

Below Fair Value: ZHY (€0.14) is trading above our estimate of fair value (€0.13)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ZHY. This is calculated by dividing ZHY's market cap by their current preferred multiple.
What is ZHY's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CN¥3.27b

ZHY 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	0.9x
Enterprise Value/EBITDA	10.5x
PEG Ratio	1.3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ZHY 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	11x
NLM FRoSTA	12.5x	n/a	€425.8m
SSH Südwestdeutsche Salzwerke	16.6x	n/a	€662.0m
SZU Südzucker	6.7x	-6.3%	€2.3b
SMB Schwälbchen Molkerei Jakob Berz	8x	n/a	€57.1m
ZHY Zhou Hei Ya International Holdings	70x	55.3%	€3.6b

Price-To-Earnings vs Peers: ZHY is expensive based on its Price-To-Earnings Ratio (70x) compared to the peer average (11x).

Price to Earnings Ratio vs Industry

How does ZHY's PE Ratio compare vs other companies in the European Food Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	9.5%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	9.5%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: ZHY is expensive based on its Price-To-Earnings Ratio (70x) compared to the European Food industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is ZHY'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.

ZHY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	70x
Fair PE Ratio	48.1x

Price-To-Earnings vs Fair Ratio: ZHY is expensive based on its Price-To-Earnings Ratio (70x) compared to the estimated Fair Price-To-Earnings Ratio (48.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ZHY forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€0.14	€0.21 +45.9%	17.0%	€0.29	€0.18	n/a	7
Oct ’25	€0.17	€0.20 +19.8%	17.9%	€0.28	€0.16	n/a	7
Sep ’25	€0.13	€0.20 +60.1%	17.9%	€0.28	€0.16	n/a	7
Aug ’25	€0.14	€0.25 +76.8%	24.0%	€0.38	€0.18	n/a	7
Jul ’25	€0.16	€0.27 +72.2%	24.7%	€0.38	€0.18	n/a	8
Jun ’25	€0.18	€0.27 +52.0%	24.8%	€0.38	€0.18	n/a	8
May ’25	€0.18	€0.27 +46.3%	24.8%	€0.38	€0.18	n/a	8
Apr ’25	€0.17	€0.30 +77.4%	30.1%	€0.46	€0.18	n/a	8
Mar ’25	€0.17	€0.42 +143.0%	19.6%	€0.56	€0.30	n/a	8
Feb ’25	€0.17	€0.41 +146.1%	19.5%	€0.54	€0.29	n/a	8
Jan ’25	€0.22	€0.41 +89.7%	19.5%	€0.54	€0.29	n/a	8
Dec ’24	€0.23	€0.43 +88.1%	19.9%	€0.56	€0.30	n/a	7
Nov ’24	€0.28	€0.46 +68.2%	11.4%	€0.57	€0.41	n/a	7
Oct ’24	€0.29	€0.46 +58.7%	10.5%	€0.56	€0.41	€0.17	8
Sep ’24	€0.29	€0.47 +64.7%	14.2%	€0.62	€0.40	€0.13	9
Aug ’24	€0.34	€0.50 +48.2%	16.6%	€0.64	€0.40	€0.14	9
Jul ’24	€0.32	€0.53 +65.4%	18.6%	€0.73	€0.41	€0.16	10
Jun ’24	€0.33	€0.55 +64.7%	18.6%	€0.76	€0.43	€0.18	10
May ’24	€0.37	€0.55 +46.5%	18.4%	€0.76	€0.43	€0.18	10
Apr ’24	€0.40	€0.59 +49.2%	14.7%	€0.77	€0.43	€0.17	9
Mar ’24	€0.47	€0.61 +29.9%	14.3%	€0.79	€0.44	€0.17	9
Feb ’24	€0.48	€0.62 +30.4%	14.7%	€0.78	€0.43	€0.17	10
Jan ’24	€0.65	€0.64 -0.007%	10.7%	€0.78	€0.55	€0.22	13
Dec ’23	€0.59	€0.63 +7.6%	9.7%	€0.76	€0.55	€0.23	12
Nov ’23	€0.47	€0.64 +36.8%	9.7%	€0.77	€0.53	€0.28	12
Oct ’23	€0.48	€0.66 +36.6%	9.6%	€0.80	€0.55	€0.29	12

Analyst Forecast: Target price is less than 20% higher than the current share price.