Minth Group Limited

SZSC:425 Stock Report

Market Cap: HK$15.5b

Minth Group Valuation

Is 425 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: 425 (HK$13.44) is trading below our estimate of fair value (HK$13.78)

Significantly Below Fair Value: 425 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 425?

Key metric: As 425 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 425. This is calculated by dividing 425's market cap by their current earnings.
What is 425's PE Ratio?
PE Ratio6.9x
EarningsCN¥2.08b
Market CapCN¥14.42b

Price to Earnings Ratio vs Peers

How does 425's PE Ratio compare to its peers?

The above table shows the PE ratio for 425 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.4x
3931 CALB Group
50.7x35.4%HK$21.6b
179 Johnson Electric Holdings
5.4x-1.7%HK$10.0b
1057 Zhejiang Shibao
15.6xn/aHK$8.7b
1316 Nexteer Automotive Group
49.8x38.2%HK$7.2b
425 Minth Group
6.9x15.3%HK$15.5b

Price-To-Earnings vs Peers: 425 is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (30.4x).

Price to Earnings Ratio vs Industry

How does 425's PE Ratio compare vs other companies in the HK Auto Components Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1809 Prinx Chengshan Holdings
3x4.5%US$619.89m
48 China Automotive Interior Decoration Holdings
2xn/aUS$4.28m
No more companies available in this PE range
425 6.9xIndustry Avg. 7.1xNo. of Companies7PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 425 is good value based on its Price-To-Earnings Ratio (6.9x) compared to the Hong Kong Auto Components industry average (7.1x).

Price to Earnings Ratio vs Fair Ratio

What is 425'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.

425 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio9.6x

Price-To-Earnings vs Fair Ratio: 425 is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (9.6x).

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 425 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$13.44
HK$21.62
+60.8%
24.7%HK$38.78HK$14.75n/a20
Nov ’25HK$14.44
HK$21.53
+49.1%
24.3%HK$39.38HK$14.98n/a19
Oct ’25HK$16.00
HK$20.74
+29.7%
17.8%HK$27.25HK$15.16n/a18
Sep ’25HK$12.46
HK$20.60
+65.3%
17.9%HK$27.01HK$15.02n/a18
Aug ’25HK$10.76
HK$21.21
+97.1%
12.0%HK$25.86HK$15.59n/a17
Jul ’25HK$12.14
HK$21.06
+73.5%
12.3%HK$25.50HK$15.39n/a16
Jun ’25HK$15.50
HK$21.64
+39.6%
15.2%HK$30.16HK$15.43n/a17
May ’25HK$13.44
HK$21.45
+59.6%
15.1%HK$30.23HK$15.46n/a17
Apr ’25HK$12.36
HK$23.45
+89.7%
18.6%HK$31.14HK$15.49n/a17
Mar ’25HK$13.86
HK$26.25
+89.4%
16.2%HK$31.28HK$17.85n/a17
Feb ’25HK$12.78
HK$26.76
+109.4%
15.2%HK$31.49HK$17.97n/a17
Jan ’25HK$15.78
HK$28.87
+83.0%
8.7%HK$33.30HK$21.43n/a18
Dec ’24HK$16.60
HK$28.75
+73.2%
8.5%HK$32.99HK$21.23n/a18
Nov ’24HK$17.36
HK$28.37
+63.4%
8.6%HK$32.99HK$20.83HK$14.4418
Oct ’24HK$20.15
HK$28.42
+41.0%
8.5%HK$32.81HK$20.88HK$16.0018
Sep ’24HK$23.25
HK$28.61
+23.1%
8.4%HK$32.98HK$20.98HK$12.4619
Aug ’24HK$24.50
HK$27.86
+13.7%
7.4%HK$31.11HK$21.26HK$10.7618
Jul ’24HK$21.50
HK$26.91
+25.1%
8.2%HK$30.02HK$21.09HK$12.1417
Jun ’24HK$19.46
HK$27.24
+40.0%
8.0%HK$29.22HK$21.49HK$15.5016
May ’24HK$22.60
HK$27.77
+22.9%
9.0%HK$31.83HK$21.16HK$13.4417
Apr ’24HK$23.70
HK$27.91
+17.8%
9.0%HK$32.03HK$21.29HK$12.3617
Mar ’24HK$20.70
HK$28.28
+36.6%
11.6%HK$35.01HK$22.39HK$13.8614
Feb ’24HK$23.95
HK$29.07
+21.4%
11.7%HK$35.80HK$22.90HK$12.7814
Jan ’24HK$21.15
HK$28.54
+34.9%
11.1%HK$35.11HK$22.46HK$15.7814
Dec ’23HK$20.65
HK$26.96
+30.6%
13.4%HK$33.88HK$20.19HK$16.6014
Nov ’23HK$16.32
HK$26.89
+64.8%
12.4%HK$33.95HK$20.23HK$17.3614

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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