Kuaishou Technology

SEHK:1024 Stock Report

Market Cap: HK$226.5b

Kuaishou Technology Valuation

Is 1024 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 1024 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1024 (HK$46.4) is trading below our estimate of fair value (HK$161.03)

Significantly Below Fair Value: 1024 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1024?

Key metric: As 1024 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1024. This is calculated by dividing 1024's market cap by their current earnings.
What is 1024's PE Ratio?
PE Ratio12.4x
EarningsCN¥14.97b
Market CapCN¥210.75b

Price to Earnings Ratio vs Peers

How does 1024's PE Ratio compare to its peers?

The above table shows the PE ratio for 1024 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
1357 Meitu
30.3x31.6%HK$14.9b
700 Tencent Holdings
20.5x11.3%HK$3.8t
3700 Inkeverse Group
10.3xn/aHK$3.4b
9999 NetEase
14.9x8.9%HK$434.7b
1024 Kuaishou Technology
12.4x18.6%HK$226.5b

Price-To-Earnings vs Peers: 1024 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

How does 1024's PE Ratio compare vs other companies in the Asian Interactive Media and Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1024 12.4xIndustry Avg. 21.1xNo. of Companies14PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1024 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the Asian Interactive Media and Services industry average (21.1x).

Price to Earnings Ratio vs Fair Ratio

What is 1024'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.

1024 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.4x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: 1024 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

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 1024 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$46.40
HK$65.98
+42.2%
15.9%HK$85.64HK$45.02n/a33
Nov ’25HK$46.40
HK$66.66
+43.7%
17.6%HK$91.32HK$42.01n/a33
Oct ’25HK$54.85
HK$65.86
+20.1%
17.5%HK$92.89HK$45.43n/a32
Sep ’25HK$40.30
HK$65.65
+62.9%
17.0%HK$92.26HK$45.11n/a32
Aug ’25HK$43.45
HK$76.71
+76.6%
14.9%HK$97.36HK$50.00n/a32
Jul ’25HK$46.15
HK$78.80
+70.7%
12.6%HK$96.90HK$54.81n/a31
Jun ’25HK$55.45
HK$79.25
+42.9%
13.1%HK$97.18HK$55.11n/a32
May ’25HK$55.95
HK$77.24
+38.1%
14.1%HK$96.45HK$54.67n/a32
Apr ’25HK$49.05
HK$77.50
+58.0%
14.2%HK$96.77HK$54.85n/a32
Mar ’25HK$44.65
HK$79.90
+79.0%
16.8%HK$113.46HK$49.97n/a31
Feb ’25HK$41.10
HK$80.49
+95.8%
16.6%HK$114.15HK$50.28n/a32
Jan ’25HK$52.95
HK$86.64
+63.6%
12.3%HK$114.07HK$68.28n/a31
Dec ’24HK$57.20
HK$87.29
+52.6%
11.7%HK$114.12HK$68.31n/a32
Nov ’24HK$51.35
HK$86.38
+68.2%
11.5%HK$112.98HK$68.97HK$46.4031
Oct ’24HK$62.85
HK$86.86
+38.2%
11.2%HK$112.98HK$69.00HK$54.8531
Sep ’24HK$64.20
HK$87.22
+35.9%
11.3%HK$113.18HK$69.40HK$40.3032
Aug ’24HK$68.00
HK$85.18
+25.3%
13.5%HK$110.64HK$61.73HK$43.4534
Jul ’24HK$53.55
HK$84.38
+57.6%
14.1%HK$110.05HK$60.24HK$46.1534
Jun ’24HK$53.55
HK$86.46
+61.5%
13.9%HK$112.78HK$61.74HK$55.4533
May ’24HK$51.30
HK$87.60
+70.8%
15.6%HK$121.81HK$61.68HK$55.9533
Apr ’24HK$60.45
HK$88.63
+46.6%
15.9%HK$122.78HK$62.17HK$49.0532
Mar ’24HK$56.05
HK$89.10
+59.0%
13.5%HK$121.35HK$68.72HK$44.6533
Feb ’24HK$71.40
HK$91.77
+28.5%
11.9%HK$124.90HK$72.75HK$41.1032
Jan ’24HK$71.05
HK$85.44
+20.3%
18.6%HK$121.57HK$59.09HK$52.9533
Dec ’23HK$57.70
HK$83.38
+44.5%
17.6%HK$118.65HK$57.67HK$57.2032
Nov ’23HK$37.15
HK$83.65
+125.2%
19.6%HK$115.93HK$47.78HK$51.3534

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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