Q Technology (Group) Company Limited

SEHK:1478 Stock Report

Mkt Cap: HK$5.9b

We’ve recently updated our valuation analysis.

Q Technology (Group) Valuation

Is 1478 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1478?

Other financial metrics that can be useful for relative valuation.

1478 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/EBITDA5.2x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 1478's PE Ratio compare to its peers?

The above table shows the PE ratio for 1478 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.6x
1070 TCL Electronics Holdings
23.7x55.1%HK$9.3b
751 Skyworth Group
8.4x23.9%HK$13.4b
912 Suga International Holdings
7.6xn/aHK$412.9m
1747 Home Control International
6.7xn/aHK$363.0m
1478 Q Technology (Group)
11.2x35.8%HK$5.9b

Price-To-Earnings vs Peers: 1478 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (11.6x).


Price to Earnings Ratio vs Industry

How does 1478's PE Ratio compare vs other companies in the HK Consumer Durables Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.7%
n/an/an/a

Price-To-Earnings vs Industry: 1478 is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the Hong Kong Consumer Durables industry average (8.1x)


Price to Earnings Ratio vs Fair Ratio

What is 1478'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.

1478 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: 1478 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).


Share Price vs Fair Value

What is the Fair Price of 1478 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1478 (HK$5.02) is trading below our estimate of fair value (HK$9.7)

Significantly Below Fair Value: 1478 is trading below fair value by more than 20%.


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 1478 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$5.02
HK$5.27
+5.0%
17.2%HK$7.16HK$3.88n/a17
Jan ’24HK$4.21
HK$4.99
+18.6%
19.6%HK$7.01HK$3.31n/a17
Dec ’23HK$4.07
HK$4.85
+19.2%
19.6%HK$6.82HK$3.22n/a17
Nov ’23HK$3.50
HK$4.77
+36.3%
19.0%HK$6.71HK$3.17n/a17
Oct ’23HK$3.29
HK$5.09
+54.7%
19.3%HK$7.12HK$3.81n/a18
Sep ’23HK$4.33
HK$5.35
+23.5%
19.2%HK$7.23HK$3.81n/a18
Aug ’23HK$4.40
HK$6.64
+51.0%
22.3%HK$10.01HK$4.21n/a17
Jul ’23HK$5.40
HK$7.84
+45.1%
28.0%HK$14.76HK$4.23n/a17
Jun ’23HK$5.46
HK$8.13
+48.8%
25.4%HK$14.77HK$5.30n/a17
May ’23HK$5.59
HK$8.59
+53.6%
24.8%HK$15.51HK$6.00n/a17
Apr ’23HK$6.10
HK$9.53
+56.2%
38.3%HK$21.61HK$6.60n/a17
Mar ’23HK$7.50
HK$19.04
+153.8%
18.5%HK$24.86HK$13.83n/a16
Feb ’23HK$8.41
HK$19.80
+135.4%
15.7%HK$24.66HK$13.71n/a18
Jan ’23HK$10.08
HK$20.62
+104.5%
11.2%HK$24.71HK$16.03HK$4.2119
Dec ’22HK$11.26
HK$20.47
+81.8%
11.6%HK$24.56HK$16.18HK$4.0720
Nov ’22HK$11.28
HK$20.67
+83.3%
11.3%HK$24.54HK$16.17HK$3.5021
Oct ’22HK$11.22
HK$20.44
+82.2%
14.1%HK$27.27HK$14.56HK$3.2923
Sep ’22HK$13.38
HK$20.52
+53.3%
13.9%HK$27.25HK$14.55HK$4.3323
Aug ’22HK$13.26
HK$20.41
+54.0%
13.9%HK$25.72HK$14.46HK$4.4023
Jul ’22HK$15.92
HK$20.66
+29.8%
15.7%HK$25.85HK$14.07HK$5.4021
Jun ’22HK$13.38
HK$20.52
+53.4%
15.5%HK$26.39HK$14.22HK$5.4620
May ’22HK$15.54
HK$19.95
+28.4%
18.8%HK$26.01HK$10.86HK$5.5920
Apr ’22HK$16.28
HK$19.55
+20.1%
19.6%HK$25.73HK$10.75HK$6.1018
Mar ’22HK$15.24
HK$17.43
+14.4%
18.7%HK$24.20HK$10.91HK$7.5019
Feb ’22HK$16.46
HK$17.39
+5.6%
18.7%HK$24.25HK$10.88HK$8.4119
Jan ’22HK$13.14
HK$14.72
+12.0%
17.8%HK$19.68HK$10.75HK$10.0818

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


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