Central China Real Estate Valuation

Is AJ5 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-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 AJ5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate AJ5's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AJ5's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AJ5?

Key metric: As AJ5 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AJ5. This is calculated by dividing AJ5's market cap by their current revenue.
What is AJ5's PS Ratio?
PS Ratio	0.02x
Sales	CN¥18.43b
Market Cap	CN¥353.03m

AJ5 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	435.2x
Enterprise Value/EBITDA	-5119.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does AJ5's PS Ratio compare to its peers?

The above table shows the PS ratio for AJ5 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	3.1x
ZYW China Properties Group	3.1x	n/a	€66.9m
CRZK CR Energy	8x	39.0%	€122.8m
2GI GIEAG Immobilien	0.9x	n/a	€14.6m
NUVA Noratis	0.3x	16.6%	€15.2m
AJ5 Central China Real Estate	0.02x	n/a	€379.9m

Price-To-Sales vs Peers: AJ5 is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (3.1x).

Price to Sales Ratio vs Industry

How does AJ5's PS Ratio compare vs other companies in the DE Real Estate Industry?

10 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	3.8x	-11.1%
AJ5 Central China Real Estate	0.02x	n/a	US$48.81m
DMRE DEMIRE Deutsche Mittelstand Real Estate	0.5x	-42.0%	US$87.93m
ADJ Adler Group	0.1x	n/a	US$50.54m

10 Companies		Estimated Growth	Market Cap
Industry Avg.	3.8x	96.7%
AJ5 Central China Real Estate	0.02x	n/a	US$48.81m

No more companies

Price-To-Sales vs Industry: AJ5 is good value based on its Price-To-Sales Ratio (0x) compared to the German Real Estate industry average (3.8x).

Price to Sales Ratio vs Fair Ratio

What is AJ5'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.

AJ5 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.02x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AJ5'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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