Pou Sheng International (Holdings) Limited

SEHK:3813 Stock Report

Market Cap: HK$2.9b

Pou Sheng International (Holdings) Valuation

Is 3813 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 3813 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3813 (HK$0.54) is trading below our estimate of fair value (HK$0.92)

Significantly Below Fair Value: 3813 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3813?

Key metric: As 3813 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3813. This is calculated by dividing 3813's market cap by their current earnings.
What is 3813's PE Ratio?
PE Ratio5x
EarningsCN¥522.86m
Market CapCN¥2.65b

Price to Earnings Ratio vs Peers

How does 3813's PE Ratio compare to its peers?

The above table shows the PE ratio for 3813 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.4x
709 Giordano International
9.5x7.4%HK$2.6b
113 Dickson Concepts (International)
5.3xn/aHK$1.9b
393 Glorious Sun Enterprises
34xn/aHK$1.7b
3709 EEKA Fashion Holdings
8.6x11.4%HK$6.2b
3813 Pou Sheng International (Holdings)
5x18.6%HK$2.9b

Price-To-Earnings vs Peers: 3813 is good value based on its Price-To-Earnings Ratio (5x) compared to the peer average (14.4x).

Price to Earnings Ratio vs Industry

How does 3813's PE Ratio compare vs other companies in the HK Specialty Retail Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
84 Stelux Holdings International
0.2xn/aUS$9.99m
No more companies available in this PE range
3813 5.0xIndustry Avg. 9.0xNo. of Companies9PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3813 is good value based on its Price-To-Earnings Ratio (5x) compared to the Hong Kong Specialty Retail industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is 3813'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.

3813 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5x
Fair PE Ratio8.5x

Price-To-Earnings vs Fair Ratio: 3813 is good value based on its Price-To-Earnings Ratio (5x) compared to the estimated Fair Price-To-Earnings Ratio (8.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 3813 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$0.54
HK$1.11
+105.6%
68.2%HK$2.79HK$0.64n/a6
Nov ’25HK$0.58
HK$1.20
+107.5%
61.5%HK$2.84HK$0.73n/a6
Oct ’25HK$0.57
HK$1.16
+103.4%
59.8%HK$2.83HK$0.73n/a7
Sep ’25HK$0.59
HK$1.16
+96.5%
59.8%HK$2.83HK$0.73n/a7
Aug ’25HK$0.60
HK$1.17
+94.3%
58.0%HK$2.79HK$0.66n/a7
Jul ’25HK$0.61
HK$1.12
+83.1%
54.5%HK$2.80HK$0.66n/a9
Jun ’25HK$0.65
HK$1.12
+71.9%
54.5%HK$2.80HK$0.66n/a9
May ’25HK$0.66
HK$1.13
+71.0%
53.8%HK$2.79HK$0.67n/a9
Apr ’25HK$0.67
HK$1.13
+68.4%
53.8%HK$2.79HK$0.67n/a9
Mar ’25HK$0.60
HK$1.22
+103.8%
49.7%HK$2.85HK$0.82n/a9
Feb ’25HK$0.59
HK$1.22
+107.3%
49.7%HK$2.85HK$0.82n/a9
Jan ’25HK$0.68
HK$1.22
+79.9%
49.7%HK$2.85HK$0.82n/a9
Dec ’24HK$0.67
HK$1.22
+82.5%
49.7%HK$2.85HK$0.82n/a9
Nov ’24HK$0.66
HK$1.28
+93.7%
48.4%HK$2.79HK$0.80HK$0.588
Oct ’24HK$0.68
HK$1.25
+83.1%
47.9%HK$2.80HK$0.80HK$0.579
Sep ’24HK$0.66
HK$1.25
+88.7%
47.9%HK$2.80HK$0.80HK$0.599
Aug ’24HK$0.70
HK$1.14
+62.8%
20.9%HK$1.66HK$0.80HK$0.608
Jul ’24HK$0.59
HK$1.15
+95.6%
18.3%HK$1.59HK$0.82HK$0.618
Jun ’24HK$0.70
HK$1.15
+64.9%
18.3%HK$1.59HK$0.82HK$0.658
May ’24HK$0.65
HK$1.05
+61.0%
20.1%HK$1.42HK$0.77HK$0.668
Apr ’24HK$0.66
HK$1.05
+58.6%
20.1%HK$1.42HK$0.77HK$0.678
Mar ’24HK$0.83
HK$1.12
+34.9%
13.7%HK$1.37HK$0.98HK$0.607
Feb ’24HK$0.94
HK$1.08
+15.1%
24.8%HK$1.40HK$0.52HK$0.597
Jan ’24HK$0.75
HK$0.94
+25.7%
25.4%HK$1.32HK$0.50HK$0.687
Dec ’23HK$0.57
HK$0.93
+63.0%
23.7%HK$1.29HK$0.49HK$0.678
Nov ’23HK$0.40
HK$1.01
+152.6%
20.6%HK$1.40HK$0.70HK$0.668

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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