Parkson Retail Group Limited

SEHK:3368 Stock Report

Market Cap: HK$274.0m

Parkson Retail Group Valuation

Is 3368 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 3368 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3368 (HK$0.1) is trading below our estimate of fair value (HK$0.22)

Significantly Below Fair Value: 3368 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3368?

Key metric: As 3368 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3368. This is calculated by dividing 3368's market cap by their current revenue.
What is 3368's PS Ratio?
PS Ratio0.07x
SalesCN¥3.66b
Market CapCN¥255.10m

Price to Sales Ratio vs Peers

How does 3368's PS Ratio compare to its peers?

The above table shows the PS ratio for 3368 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
244 Sincere Company
2.2xn/aHK$295.6m
97 Henderson Investment
0.2xn/aHK$344.3m
2347 Yoho Group Holdings
0.3xn/aHK$287.6m
825 New World Department Store China
0.3xn/aHK$539.6m
3368 Parkson Retail Group
0.07xn/aHK$274.0m

Price-To-Sales vs Peers: 3368 is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.8x).


Price to Sales Ratio vs Industry

How does 3368's PS Ratio compare vs other companies in the Asian Multiline Retail Industry?

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.9x8.5%
3368 Parkson Retail Group
0.07xn/aUS$35.20m
3368 0.1xIndustry Avg. 0.9xNo. of Companies22PS00.81.62.43.24+
19 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.9x33.2%
3368 Parkson Retail Group
0.07xn/aUS$35.20m
No more companies

Price-To-Sales vs Industry: 3368 is good value based on its Price-To-Sales Ratio (0.1x) compared to the Asian Multiline Retail industry average (0.9x).


Price to Sales Ratio vs Fair Ratio

What is 3368'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.

3368 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.07x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3368'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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