SMIT Holdings Valuation

Is 2239 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-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 2239 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2239 (HK$1.1) is trading above our estimate of fair value (HK$0.13)

Significantly Below Fair Value: 2239 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2239?

Key metric: As 2239 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2239. This is calculated by dividing 2239's market cap by their current revenue.
What is 2239's PS Ratio?
PS Ratio	2.3x
Sales	US$19.90m
Market Cap	US$45.92m

2239 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	1.6x
Enterprise Value/EBITDA	-41665.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 2239's PS Ratio compare to its peers?

The above table shows the PS ratio for 2239 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
1708 Nanjing Sample Technology	0.8x	n/a	HK$380.2m
320 Computime Group	0.1x	n/a	HK$463.4m
2885 Peiport Holdings	0.7x	n/a	HK$186.0m
1206 Technovator International	0.1x	n/a	HK$203.4m
2239 SMIT Holdings	2.3x	n/a	HK$357.4m

Price-To-Sales vs Peers: 2239 is expensive based on its Price-To-Sales Ratio (2.3x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does 2239's PS Ratio compare vs other companies in the HK Electronic Industry?

12 Companies	Price / Sales	Estimated Growth	Market Cap
856 VSTECS Holdings	0.09x	9.2%	US$919.75m
1184 S.A.S. Dragon Holdings	0.1x	n/a	US$329.63m
3991 Changhong Jiahua Holdings	0.04x	n/a	US$191.53m
40 Gold Peak Technology Group	0.07x	n/a	US$59.98m

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 2239 is expensive based on its Price-To-Sales Ratio (2.3x) compared to the Hong Kong Electronic industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is 2239'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.

2239 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2239'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.

Discover undervalued companies

Lenovo Group

HK$112.5b

An investment holding company, develops, manufactures, and markets technology products and services.

80992

HK$8.46

-1.2%

-3.4%

BYD Electronic (International)

HK$77.1b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

285

HK$34.20

20.4%

-6.9%

Yangtze Optical Fibre And Cable Limited

HK$15.8b

Engages in the research, development, production, and sale of optical fiber preforms, cables, and related products in the People’s Republic of China and internationally.

6869

HK$10.68

-4.0%

17.1%