Xinji Shaxi Group Co., Ltd

SEHK:3603 Stock Report

Market Cap: HK$67.2m

Xinji Shaxi Group Valuation

Is 3603 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation 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 3603 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3603 (HK$0.05) is trading below our estimate of fair value (HK$1.68)

Significantly Below Fair Value: 3603 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3603?

Key metric: As 3603 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3603. This is calculated by dividing 3603's market cap by their current revenue.
What is 3603's PS Ratio?
PS Ratio0.2x
SalesCN¥273.68m
Market CapCN¥62.53m

Price to Sales Ratio vs Peers

How does 3603's PS Ratio compare to its peers?

The above table shows the PS ratio for 3603 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
864 Wing Lee Property Investments
2.6xn/aHK$71.1m
8067 Oriental University City Holdings (H.K.)
1.3xn/aHK$73.8m
1965 Landsea Green Life Service
0.07xn/aHK$66.1m
2370 Redco Healthy Living
0.2xn/aHK$71.0m
3603 Xinji Shaxi Group
0.2xn/aHK$67.2m

Price-To-Sales vs Peers: 3603 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does 3603's PS Ratio compare vs other companies in the HK Real Estate Industry?

89 CompaniesPrice / SalesEstimated GrowthMarket Cap
1908 C&D International Investment Group
0.2x3.1%US$3.29b
3900 Greentown China Holdings
0.1x-0.4%US$2.97b
1918 Sunac China Holdings
0.2x-14.2%US$2.76b
817 China Jinmao Holdings Group
0.2x-1.0%US$1.77b
3603 0.2xIndustry Avg. 0.6xNo. of Companies89PS00.81.62.43.24+
89 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3603 is good value based on its Price-To-Sales Ratio (0.2x) compared to the Hong Kong Real Estate industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is 3603'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.

3603 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3603'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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