Glory Health Industry Limited

SEHK:2329 Stock Report

Market Cap: HK$608.9m

Glory Health Industry Valuation

Is 2329 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 2329 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2329 (HK$0.14) is trading above our estimate of fair value (HK$0)

Significantly Below Fair Value: 2329 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2329?

Key metric: As 2329 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2329. This is calculated by dividing 2329's market cap by their current revenue.
What is 2329's PS Ratio?
PS Ratio0.3x
SalesCN¥2.04b
Market CapCN¥567.84m

Price to Sales Ratio vs Peers

How does 2329's PS Ratio compare to its peers?

The above table shows the PS ratio for 2329 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
367 Chuang's Consortium International
1.5xn/aHK$593.8m
627 Japan Kyosei Group
5.7xn/aHK$738.8m
618 Peking University Resources (Holdings)
0.2xn/aHK$347.7m
120 Cosmopolitan International Holdings
0.9xn/aHK$320.1m
2329 Glory Health Industry
0.3xn/aHK$608.9m

Price-To-Sales vs Peers: 2329 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (2.1x).


Price to Sales Ratio vs Industry

How does 2329's PS Ratio compare vs other companies in the HK Real Estate Industry?

90 CompaniesPrice / SalesEstimated GrowthMarket Cap
1908 C&D International Investment Group
0.2x3.1%US$3.26b
3900 Greentown China Holdings
0.2x-0.4%US$2.94b
1918 Sunac China Holdings
0.2x-14.2%US$2.69b
817 China Jinmao Holdings Group
0.2x-1.0%US$1.79b
2329 0.3xIndustry Avg. 0.6xNo. of Companies90PS00.81.62.43.24+
90 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2329 is good value based on its Price-To-Sales Ratio (0.3x) compared to the Hong Kong Real Estate industry average (0.6x).


Price to Sales Ratio vs Fair Ratio

What is 2329'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.

2329 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2329'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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