ZX Inc.

SHSC:9890 Stock Report

Market Cap: HK$4.6b

ZX Valuation

Is 9890 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 9890 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 9890's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 9890's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9890?

Key metric: As 9890 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 9890. This is calculated by dividing 9890's market cap by their current revenue.
What is 9890's PS Ratio?
PS Ratio0.7x
SalesCN¥6.34b
Market CapCN¥4.25b

Price to Sales Ratio vs Peers

How does 9890's PS Ratio compare to its peers?

The above table shows the PS ratio for 9890 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.1x
797 7Road Holdings
7.2xn/aHK$3.1b
799 IGG
0.7x6.5%HK$4.0b
2660 Zengame Technology Holding
1.4xn/aHK$2.9b
434 Boyaa Interactive International
7.2xn/aHK$3.3b
9890 ZX
0.7xn/aHK$4.6b

Price-To-Sales vs Peers: 9890 is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (4.1x).

Price to Sales Ratio vs Industry

How does 9890's PS Ratio compare vs other companies in the HK Entertainment Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
6860 FingerTango
0.3xn/aUS$25.88m
491 Emperor Culture Group
0.3xn/aUS$18.16m
1132 Orange Sky Golden Harvest Entertainment (Holdings)
0.1xn/aUS$14.75m
571 eSun Holdings
0.07xn/aUS$10.38m
9890 0.7xIndustry Avg. 1.5xNo. of Companies9PS01.22.43.64.86+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 9890 is good value based on its Price-To-Sales Ratio (0.7x) compared to the Hong Kong Entertainment industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is 9890'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.

9890 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 9890'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.

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