Johnson Electric Holdings Limited

SEHK:179 Stock Report

Market Cap: HK$11.1b

Johnson Electric Holdings Valuation

Is 179 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 179 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 179 (HK$12.04) is trading above our estimate of fair value (HK$7.04)

Significantly Below Fair Value: 179 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 179?

Other financial metrics that can be useful for relative valuation.

179 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/Revenue0.3x
Enterprise Value/EBITDA2.4x
PEG Ratio-6.4x

Price to Earnings Ratio vs Peers

How does 179's PE Ratio compare to its peers?

The above table shows the PE ratio for 179 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.6x
1316 Nexteer Automotive Group
34.1x30.3%HK$9.8b
1057 Zhejiang Shibao
17.8xn/aHK$7.9b
425 Minth Group
7.5x14.7%HK$15.3b
819 Tianneng Power International
3.2x16.8%HK$6.3b
179 Johnson Electric Holdings
6.2x-1.0%HK$11.1b

Price-To-Earnings vs Peers: 179 is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (15.6x).


Price to Earnings Ratio vs Industry

How does 179's PE Ratio compare vs other companies in the HK Auto Components Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 179 is good value based on its Price-To-Earnings Ratio (6.2x) compared to the Hong Kong Auto Components industry average (6.9x).


Price to Earnings Ratio vs Fair Ratio

What is 179'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.

179 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.2x
Fair PE Ratio6.2x

Price-To-Earnings vs Fair Ratio: 179 is expensive based on its Price-To-Earnings Ratio (6.2x) compared to the estimated Fair Price-To-Earnings Ratio (6.2x).


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 179 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$12.04
HK$17.00
+41.2%
17.6%HK$20.00HK$14.00n/a2
Jun ’25HK$11.92
HK$17.00
+42.6%
17.6%HK$20.00HK$14.00n/a2
May ’25HK$10.72
HK$18.15
+69.3%
6.4%HK$19.30HK$16.99n/a2
Apr ’25HK$10.84
HK$18.15
+67.4%
6.4%HK$19.30HK$16.99n/a2
Sep ’24HK$10.52
HK$10.72
+1.9%
11.9%HK$12.00HK$9.45n/a2
Aug ’24HK$11.02
HK$10.72
-2.7%
11.9%HK$12.00HK$9.45n/a2
Jul ’24HK$10.02
HK$10.72
+7.0%
11.9%HK$12.00HK$9.45n/a2
Jun ’24HK$9.48
HK$10.72
+13.1%
11.9%HK$12.00HK$9.45HK$11.922
May ’24HK$8.75
HK$11.15
+27.4%
14.8%HK$12.80HK$9.50HK$10.722
Apr ’24HK$8.90
HK$11.15
+25.3%
14.8%HK$12.80HK$9.50HK$10.842
Mar ’24HK$9.13
HK$11.10
+21.6%
14.8%HK$12.75HK$9.46HK$10.682
Feb ’24HK$11.00
HK$11.10
+0.9%
14.8%HK$12.75HK$9.46HK$10.182
Jan ’24HK$9.83
HK$10.86
+10.5%
17.0%HK$12.71HK$9.01HK$12.402
Dec ’23HK$9.74
HK$10.90
+11.9%
17.4%HK$12.80HK$9.00HK$11.722
Nov ’23HK$8.54
HK$11.00
+28.8%
18.2%HK$13.00HK$9.00HK$9.752
Oct ’23HK$7.88
HK$11.00
+39.6%
18.2%HK$13.00HK$9.00HK$9.642
Sep ’23HK$9.26
HK$13.47
+45.5%
33.2%HK$17.95HK$9.00HK$10.522
Aug ’23HK$9.42
HK$13.47
+43.0%
33.2%HK$17.95HK$9.00HK$11.022
Jul ’23HK$10.20
HK$13.47
+32.1%
33.2%HK$17.95HK$9.00HK$10.022
Jun ’23HK$10.54
HK$13.47
+27.8%
33.2%HK$17.95HK$9.00HK$9.482

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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