Keep Valuation

Is 3650 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 3650 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 3650's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 3650's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3650?

Key metric: As 3650 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3650. This is calculated by dividing 3650's market cap by their current revenue.
What is 3650's PS Ratio?
PS Ratio	1.3x
Sales	CN¥2.19b
Market Cap	CN¥2.92b

3650 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	0.7x
Enterprise Value/EBITDA	-5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 3650's PS Ratio compare to its peers?

The above table shows the PS ratio for 3650 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	2x
1830 Perfect Medical Health Management	2.4x	4.8%	HK$3.3b
2373 Beauty Farm Medical and Health Industry	1.7x	18.7%	HK$4.1b
2138 EC Healthcare	0.2x	6.0%	HK$841.5m
1448 Fu Shou Yuan International Group	3.7x	11.0%	HK$8.7b
3650 Keep	1.3x	7.6%	HK$3.1b

Price-To-Sales vs Peers: 3650 is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (2x).

Price to Sales Ratio vs Industry

How does 3650's PS Ratio compare vs other companies in the HK Consumer Services Industry?

7 Companies	Price / Sales	Estimated Growth	Market Cap
2138 EC Healthcare	0.2x	6.0%	US$108.14m
1739 Qeeka Home (Cayman)	0.2x	n/a	US$29.02m
1598 China 21st Century Education Group	0.2x	n/a	US$16.13m
8181 Shi Shi Services	0.2x	n/a	US$15.23m

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 3650 is expensive based on its Price-To-Sales Ratio (1.3x) compared to the Hong Kong Consumer Services industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is 3650'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.

3650 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.3x
Fair PS Ratio	0.7x

Price-To-Sales vs Fair Ratio: 3650 is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

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.