Clover Biopharmaceuticals Valuation
Is 2197 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book 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 2197?
Other financial metrics that can be useful for relative valuation.
| What is 2197's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CN¥1.55b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | -0.1x |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does 2197's PB Ratio compare to its peers?
| Company | PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.1x | ||
2256 Abbisko Cayman | 0.7x | -15.0% | HK$1.7b |
6978 Immunotech Biopharm | 3.3x | n/a | HK$1.9b |
9939 Kintor Pharmaceutical | 1.1x | 17.1% | HK$1.9b |
3681 SinoMab BioScience | 3.3x | n/a | HK$1.9b |
2197 Clover Biopharmaceuticals | n/a | n/a | HK$1.7b |
Price-To-Book vs Peers: 2197 is good value based on its Price-To-Book Ratio (-2.3x) compared to the peer average (2.1x).
Price to Earnings Ratio vs Industry
How does 2197's PE Ratio compare vs other companies in the HK Biotechs Industry?
Price-To-Book vs Industry: 2197 is good value based on its Price-To-Book Ratio (-2.3x) compared to the Hong Kong Biotechs industry average (2.7x)
Price to Book Ratio vs Fair Ratio
What is 2197's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PB Ratio | -2.3x |
| Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate 2197's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2197 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2197 (HK$1.33) is trading below our estimate of fair value (HK$36.91)
Significantly Below Fair Value: 2197 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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | HK$1.33 | HK$3.67 +176.2% | 7.3% | HK$3.94 | HK$3.40 | n/a | 2 |
| May ’24 | HK$1.85 | HK$3.67 +98.6% | 7.3% | HK$3.94 | HK$3.40 | n/a | 2 |
| Apr ’24 | HK$1.62 | HK$3.67 +126.8% | 7.3% | HK$3.94 | HK$3.40 | n/a | 2 |
| Mar ’24 | HK$2.57 | HK$3.68 +43.1% | 7.5% | HK$3.95 | HK$3.40 | n/a | 2 |
| Feb ’24 | HK$2.70 | HK$3.43 +27.0% | 12.5% | HK$3.86 | HK$3.00 | n/a | 2 |
| Jan ’24 | HK$2.59 | HK$4.08 +57.5% | 17.4% | HK$4.79 | HK$3.37 | n/a | 2 |
| Dec ’23 | HK$4.69 | HK$4.03 -14.1% | 19.1% | HK$4.80 | HK$3.26 | n/a | 2 |
| Nov ’23 | HK$1.88 | HK$3.33 +77.4% | 2.0% | HK$3.40 | HK$3.27 | n/a | 2 |
| Oct ’23 | HK$1.93 | HK$4.03 +108.7% | 19.1% | HK$4.80 | HK$3.26 | n/a | 2 |
| Sep ’23 | HK$2.85 | HK$8.17 +186.7% | 38.8% | HK$11.34 | HK$5.00 | n/a | 2 |
| Aug ’23 | HK$2.99 | HK$8.84 +195.8% | 32.1% | HK$11.69 | HK$6.00 | n/a | 2 |
| Jul ’23 | HK$3.93 | HK$8.84 +125.0% | 32.1% | HK$11.69 | HK$6.00 | n/a | 2 |
| Jun ’23 | HK$3.94 | HK$14.95 +279.3% | 26.8% | HK$18.94 | HK$10.95 | n/a | 2 |
| May ’23 | HK$5.82 | HK$14.95 +156.8% | 26.8% | HK$18.94 | HK$10.95 | HK$1.85 | 2 |
| Apr ’23 | HK$6.87 | HK$17.87 +160.2% | 7.7% | HK$19.25 | HK$16.50 | HK$1.62 | 2 |
| Mar ’23 | HK$7.86 | HK$18.00 +129.0% | 8.0% | HK$19.44 | HK$16.55 | HK$2.57 | 2 |
| Feb ’23 | HK$11.92 | HK$19.65 +64.8% | 16.0% | HK$22.79 | HK$16.50 | HK$2.70 | 2 |
| Jan ’23 | HK$13.58 | HK$19.65 +44.7% | 16.0% | HK$22.79 | HK$16.50 | HK$2.59 | 2 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.