Jiangsu NandaSoft Technology Valuation

Q: What is the Fair Price of 8045 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

8045 (HK$0.2) is trading below our estimate of [[fair value]] (HK$1.25)

Is 8045 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 8045 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8045 (HK$0.2) is trading below our estimate of fair value (HK$1.25)

Significantly Below Fair Value: 8045 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8045?

Key metric: As 8045 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 8045. This is calculated by dividing 8045's market cap by their current revenue.
What is 8045's PS Ratio?
PS Ratio	0.4x
Sales	CN¥179.66m
Market Cap	CN¥77.21m

8045 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.7x
Enterprise Value/EBITDA	439.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 8045's PS Ratio compare to its peers?

The above table shows the PS ratio for 8045 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.4x
1949 Platt Nera International	0.9x	n/a	HK$69.4m
8606 Kinetix Systems Holdings	0.3x	n/a	HK$98.3m
8229 Future Data Group	0.4x	n/a	HK$207.7m
8319 Expert Systems Holdings	0.09x	n/a	HK$87.6m
8045 Jiangsu NandaSoft Technology	0.4x	n/a	HK$83.0m

Price-To-Sales vs Peers: 8045 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does 8045's PS Ratio compare vs other companies in the HK IT Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
1147 Edensoft Holdings	0.2x	n/a	US$19.97m
1460 ICO Group	0.1x	n/a	US$16.80m
862 Vision Values Holdings	0.2x	n/a	US$12.10m
8319 Expert Systems Holdings	0.09x	n/a	US$11.25m

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 8045 is good value based on its Price-To-Sales Ratio (0.4x) compared to the Hong Kong IT industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 8045'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.

8045 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 8045'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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