Dexin China Holdings Valuation
Is 2019 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
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 2019 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2019 (HK$0.09) is trading below our estimate of fair value (HK$15.05)
Significantly Below Fair Value: 2019 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2019?
Key metric: As 2019 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 2019's PS Ratio? | |
|---|---|
| PS Ratio | 0.009x |
| Sales | CN¥24.51b |
| Market Cap | CN¥229.52m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.9x |
| Enterprise Value/EBITDA | -169.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 2019's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 0.1x | ||
3616 Ever Reach Group (Holdings) | 0.07x | n/a | HK$312.0m |
6968 Ganglong China Property Group | 0.01x | n/a | HK$264.4m |
582 Shin Hwa World | 0.2x | n/a | HK$273.9m |
3639 Yida China Holdings | 0.08x | n/a | HK$250.6m |
2019 Dexin China Holdings | 0.009x | n/a | HK$252.4m |
Price-To-Sales vs Peers: 2019 is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (0x).
Price to Sales Ratio vs Industry
How does 2019's PS Ratio compare vs other companies in the HK Real Estate Industry?
| 89 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| Industry Avg. | 0.6x | 4.6% | |
2019 Dexin China Holdings | 0.009x | n/a | US$32.38m |
1908 C&D International Investment Group | 0.2x | 3.1% | US$3.51b |
3900 Greentown China Holdings | 0.1x | -0.4% | US$3.06b |
| 89 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
| Industry Avg. | 0.6x | 21.1% | |
2019 Dexin China Holdings | 0.009x | n/a | US$32.38m |
Price-To-Sales vs Industry: 2019 is good value based on its Price-To-Sales Ratio (0x) compared to the Hong Kong Real Estate industry average (0.6x).
Price to Sales Ratio vs Fair Ratio
What is 2019'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.009x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2019'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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