Tian An China Investments Valuation
Is 28 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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 28 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 28 (HK$3.73) is trading below our estimate of fair value (HK$4.86)
Significantly Below Fair Value: 28 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 28?
Key metric: As 28 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 28's PE Ratio? | |
|---|---|
| PE Ratio | 7.6x |
| Earnings | HK$718.20m |
| Market Cap | HK$5.47b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.8x |
| Enterprise Value/EBITDA | 16.1x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 28's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 9x | ||
119 Poly Property Group | 4.8x | -2.1% | HK$6.1b |
34 Kowloon Development | 18.9x | n/a | HK$5.0b |
3990 Midea Real Estate Holding | 8.1x | 13.0% | HK$4.4b |
81 China Overseas Grand Oceans Group | 4.2x | 2.2% | HK$6.7b |
28 Tian An China Investments | 7.6x | n/a | HK$5.5b |
Price-To-Earnings vs Peers: 28 is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (9x).
Price to Earnings Ratio vs Industry
How does 28's PE Ratio compare vs other companies in the HK Real Estate Industry?
Price-To-Earnings vs Industry: 28 is expensive based on its Price-To-Earnings Ratio (7.6x) compared to the Hong Kong Real Estate industry average (7.4x).
Price to Earnings Ratio vs Fair Ratio
What is 28'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 7.6x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 28's Price-To-Earnings 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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