Huarong International Financial Holdings Valuation

Is 993 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: 993 (HK$0.18) is trading above our estimate of fair value (HK$0.13)

Significantly Below Fair Value: 993 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 993?

Key metric: As 993 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 993. This is calculated by dividing 993's market cap by their current revenue.
What is 993's PS Ratio?
PS Ratio	9.6x
Sales	HK$165.70m
Market Cap	HK$1.59b

993 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 993's PS Ratio compare to its peers?

The above table shows the PS ratio for 993 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	3.1x
6058 China Industrial Securities International Financial Group	1.9x	n/a	HK$936.0m
64 Get Nice Holdings	3.5x	n/a	HK$1.3b
1469 Get Nice Financial Group	6.7x	n/a	HK$2.3b
1461 Zhongtai Futures	0.2x	n/a	HK$571.1m
993 Huarong International Financial Holdings	9.6x	n/a	HK$1.6b

Price-To-Sales vs Peers: 993 is expensive based on its Price-To-Sales Ratio (9.6x) compared to the peer average (3.1x).

Price to Sales Ratio vs Industry

How does 993's PS Ratio compare vs other companies in the HK Capital Markets Industry?

12 Companies	Price / Sales	Estimated Growth	Market Cap
3678 Holly Futures	0.8x	n/a	US$1.16b
1461 Zhongtai Futures	0.2x	n/a	US$73.36m
985 CST Group	0.3x	n/a	US$61.24m
1282 Renze Harvest International	0.4x	n/a	US$39.59m

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 993 is expensive based on its Price-To-Sales Ratio (9.6x) compared to the Hong Kong Capital Markets industry average (3x).

Price to Sales Ratio vs Fair Ratio

What is 993'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.

993 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	9.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 993's Price-To-Sales 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.

Discover undervalued companies

Genertec Universal Medical Group

HK$8.8b

Offers financing and advisory services in the People’s Republic of China.

2666

HK$4.65

-3.1%

12.0%

China Renaissance Holdings

HK$4.1b

Provides investment banking and investment management services in Mainland China, Hong Kong, and the United States.

1911

HK$7.27

-26.2%

CSSC (Hong Kong) Shipping

HK$9.8b

Operates as a shipyard-affiliated leasing company in People Republic of China, Asia, the United States, and Europe.

3877

HK$1.59

-2.5%

16.9%