China Pipe Group Limited

SEHK:380 Stock Report

Market Cap: HK$119.9m

China Pipe Group Valuation

Is 380 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 380 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 380 (HK$0.09) is trading below our estimate of fair value (HK$0.57)

Significantly Below Fair Value: 380 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 380?

Key metric: As 380 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 380. This is calculated by dividing 380's market cap by their current earnings.
What is 380's PE Ratio?
PE Ratio1.9x
EarningsHK$64.14m
Market CapHK$119.90m

Price to Earnings Ratio vs Peers

How does 380's PE Ratio compare to its peers?

The above table shows the PE ratio for 380 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.7x
599 E. Bon Holdings
14.9xn/aHK$134.4m
1496 AP Rentals Holdings
8.1xn/aHK$88.1m
1545 Design Capital
8.5xn/aHK$122.0m
387 Leeport (Holdings)
11.5xn/aHK$163.4m
380 China Pipe Group
1.9xn/aHK$119.9m

Price-To-Earnings vs Peers: 380 is good value based on its Price-To-Earnings Ratio (1.9x) compared to the peer average (10.7x).


Price to Earnings Ratio vs Industry

How does 380's PE Ratio compare vs other companies in the HK Trade Distributors Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.11.5x6.9%
380 China Pipe Group
1.9xn/aUS$15.41m
1733 E-Commodities Holdings
1.8xn/aUS$478.31m
1001 Hong Kong Shanghai Alliance Holdings
2.5xn/aUS$25.77m
380 1.9xIndustry Avg. 11.5xNo. of Companies6PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
Industry Avg.11.5x6.9%
380 China Pipe Group
1.9xn/aUS$15.41m
No more companies

Price-To-Earnings vs Industry: 380 is good value based on its Price-To-Earnings Ratio (1.9x) compared to the Hong Kong Trade Distributors industry average (11.5x).


Price to Earnings Ratio vs Fair Ratio

What is 380'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.

380 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 380's Price-To-Earnings 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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