AAC Technologies Holdings Inc.

SEHK:2018 Stock Report

Market Cap: HK$44.6b

AAC Technologies Holdings Valuation

Is 2018 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 2018 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2018 (HK$37.2) is trading above our estimate of fair value (HK$34.65)

Significantly Below Fair Value: 2018 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2018?

Key metric: As 2018 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2018. This is calculated by dividing 2018's market cap by their current earnings.
What is 2018's PE Ratio?
PE Ratio37.2x
EarningsCN¥1.13b
Market CapCN¥41.93b

Price to Earnings Ratio vs Peers

How does 2018's PE Ratio compare to its peers?

The above table shows the PE ratio for 2018 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.6x
1050 Karrie International Holdings
8.1xn/aHK$1.6b
1611 Sinohope Technology Holdings
16xn/aHK$871.3m
3969 China Railway Signal & Communication
10.4x11.0%HK$64.1b
1415 Cowell e Holdings
68x35.3%HK$23.5b
2018 AAC Technologies Holdings
37.2x22.2%HK$44.6b

Price-To-Earnings vs Peers: 2018 is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the peer average (25.6x).

Price to Earnings Ratio vs Industry

How does 2018's PE Ratio compare vs other companies in the HK Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
76 Elate Holdings
0.6xn/aUS$16.83m
1822 China Wood International Holding
0.08xn/aUS$12.29m
911 Qianhai Health Holdings
0.6xn/aUS$6.22m
No more companies available in this PE range
2018 37.2xIndustry Avg. 8.3xNo. of Companies6PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2018 is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the Hong Kong Electronic industry average (8.4x).

Price to Earnings Ratio vs Fair Ratio

What is 2018'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.

2018 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.2x
Fair PE Ratio17.3x

Price-To-Earnings vs Fair Ratio: 2018 is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.3x).

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 2018 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$37.20
HK$36.06
-3.1%
22.0%HK$47.13HK$15.07n/a22
Dec ’25HK$35.00
HK$36.45
+4.1%
21.6%HK$47.58HK$15.21n/a23
Nov ’25HK$30.50
HK$35.61
+16.8%
20.2%HK$44.83HK$15.44n/a25
Oct ’25HK$31.90
HK$35.95
+12.7%
20.1%HK$45.53HK$15.68n/a26
Sep ’25HK$33.15
HK$34.78
+4.9%
23.7%HK$45.74HK$13.19n/a27
Aug ’25HK$28.15
HK$30.20
+7.3%
24.4%HK$44.99HK$12.98n/a27
Jul ’25HK$30.70
HK$28.80
-6.2%
20.4%HK$38.12HK$12.95n/a26
Jun ’25HK$24.05
HK$27.04
+12.4%
20.5%HK$36.57HK$13.01n/a25
May ’25HK$25.00
HK$26.78
+7.1%
20.1%HK$33.62HK$13.02n/a24
Apr ’25HK$26.25
HK$25.94
-1.2%
22.6%HK$33.67HK$13.04n/a26
Mar ’25HK$19.98
HK$19.73
-1.2%
22.3%HK$28.91HK$12.47n/a23
Feb ’25HK$17.32
HK$19.87
+14.7%
22.0%HK$28.94HK$12.48n/a24
Jan ’25HK$23.20
HK$18.03
-22.3%
22.1%HK$29.23HK$12.23n/a24
Dec ’24HK$21.55
HK$17.79
-17.5%
20.3%HK$25.53HK$12.32HK$35.0024
Nov ’24HK$14.30
HK$17.51
+22.4%
19.3%HK$24.15HK$12.08HK$30.5025
Oct ’24HK$13.40
HK$17.79
+32.7%
20.3%HK$24.59HK$12.09HK$31.9026
Sep ’24HK$15.20
HK$18.57
+22.2%
19.0%HK$24.78HK$12.50HK$33.1527
Aug ’24HK$17.34
HK$19.23
+10.9%
19.3%HK$25.01HK$12.04HK$28.1526
Jul ’24HK$18.44
HK$18.57
+0.7%
19.0%HK$24.76HK$11.82HK$30.7026
Jun ’24HK$15.18
HK$18.89
+24.4%
19.1%HK$25.37HK$12.12HK$24.0526
May ’24HK$16.50
HK$19.54
+18.5%
19.4%HK$26.17HK$12.50HK$25.0025
Apr ’24HK$19.36
HK$20.05
+3.6%
17.1%HK$26.19HK$12.79HK$26.2524
Mar ’24HK$18.38
HK$19.01
+3.4%
22.9%HK$27.54HK$10.39HK$19.9825
Feb ’24HK$21.40
HK$18.93
-11.5%
26.4%HK$28.79HK$9.94HK$17.3225
Jan ’24HK$17.84
HK$18.40
+3.2%
25.9%HK$27.68HK$9.56HK$23.2025
Dec ’23HK$18.08
HK$17.93
-0.8%
25.6%HK$27.01HK$9.40HK$21.5526

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 04:04
End of Day Share Price 2024/12/30 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AAC Technologies Holdings Inc. is covered by 68 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hsin-Shan GaiBarclays
Jones KuBarclays
Chia Yi ChenBNP Paribas Securities (Asia)