Radiance Holdings (Group) Valuation
Is 9993 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-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 9993 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 9993 (HK$3.56) is trading below our estimate of fair value (HK$15.97)
Significantly Below Fair Value: 9993 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 9993?
Key metric: As 9993 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 9993's PS Ratio? | |
|---|---|
| PS Ratio | 0.4x |
| Sales | CN¥32.28b |
| Market Cap | CN¥13.37b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.6x |
| Enterprise Value/EBITDA | -38.1x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 9993's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 0.2x | ||
817 China Jinmao Holdings Group | 0.2x | -1.0% | HK$14.9b |
2007 Country Garden Holdings | 0.03x | -17.3% | HK$13.4b |
754 Hopson Development Holdings | 0.4x | n/a | HK$13.0b |
1030 Seazen Group | 0.1x | -22.6% | HK$14.1b |
9993 Radiance Holdings (Group) | 0.4x | n/a | HK$14.4b |
Price-To-Sales vs Peers: 9993 is expensive based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.2x).
Price to Sales Ratio vs Industry
How does 9993's PS Ratio compare vs other companies in the HK Real Estate Industry?
Price-To-Sales vs Industry: 9993 is good value based on its Price-To-Sales Ratio (0.4x) compared to the Hong Kong Real Estate industry average (0.6x).
Price to Sales Ratio vs Fair Ratio
What is 9993'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 | 0.4x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate 9993'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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