Lenovo Group Valuation

Is 992 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 992 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 992 (HK$10.34) is trading below our estimate of fair value (HK$29.77)

Significantly Below Fair Value: 992 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 992?

Other financial metrics that can be useful for relative valuation.

992 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/Revenue0.3x
Enterprise Value/EBITDA5.6x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does 992's PE Ratio compare to its peers?

The above table shows the PE ratio for 992 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.3x
1810 Xiaomi
27.9x15.8%HK$580.3b
1401 Sprocomm Intelligence
124.8xn/aHK$4.5b
1263 PC Partner Group
7.4xn/aHK$1.7b
3315 Goldpac Group
9.2xn/aHK$888.7m
992 Lenovo Group
15.3x18.7%HK$128.3b

Price-To-Earnings vs Peers: 992 is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (42.3x).


Price to Earnings Ratio vs Industry

How does 992's PE Ratio compare vs other companies in the Asian Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 992 is good value based on its Price-To-Earnings Ratio (15.3x) compared to the Asian Tech industry average (21.3x).


Price to Earnings Ratio vs Fair Ratio

What is 992'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.

992 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: 992 is good value based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).


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 992 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$10.34
HK$12.35
+19.4%
8.0%HK$13.94HK$10.65n/a18
Oct ’25HK$10.60
HK$12.35
+16.5%
8.0%HK$13.94HK$10.65n/a18
Sep ’25HK$9.59
HK$12.39
+29.2%
8.0%HK$13.99HK$10.69n/a18
Aug ’25HK$10.04
HK$12.57
+25.2%
8.7%HK$13.98HK$10.70n/a18
Jul ’25HK$11.02
HK$12.57
+14.1%
8.7%HK$13.99HK$10.70n/a18
Jun ’25HK$11.22
HK$12.50
+11.4%
9.0%HK$14.00HK$10.73n/a19
May ’25HK$8.93
HK$10.46
+17.1%
10.1%HK$12.00HK$7.51n/a21
Apr ’25HK$9.07
HK$10.35
+14.1%
11.1%HK$12.00HK$7.51n/a21
Mar ’25HK$9.09
HK$10.36
+13.9%
11.1%HK$12.01HK$7.52n/a21
Feb ’25HK$8.17
HK$10.96
+34.1%
11.7%HK$13.51HK$7.50n/a20
Jan ’25HK$10.92
HK$10.63
-2.6%
11.8%HK$13.51HK$7.50n/a20
Dec ’24HK$9.59
HK$10.47
+9.2%
10.5%HK$12.03HK$7.50n/a20
Nov ’24HK$8.94
HK$9.18
+2.7%
14.9%HK$10.96HK$5.08n/a19
Oct ’24HK$8.07
HK$9.15
+13.4%
14.8%HK$10.97HK$5.08HK$10.6019
Sep ’24HK$8.87
HK$9.20
+3.7%
14.4%HK$11.00HK$5.10HK$9.5920
Aug ’24HK$8.81
HK$9.10
+3.3%
17.1%HK$11.71HK$5.53HK$10.0420
Jul ’24HK$8.17
HK$8.99
+10.0%
16.5%HK$11.76HK$5.56HK$11.0219
Jun ’24HK$7.46
HK$9.05
+21.3%
16.2%HK$11.77HK$5.56HK$11.2220
May ’24HK$8.02
HK$9.24
+15.2%
17.9%HK$11.80HK$6.04HK$8.9320
Apr ’24HK$8.50
HK$8.85
+4.1%
18.8%HK$11.80HK$6.04HK$9.0720
Mar ’24HK$7.32
HK$7.84
+7.1%
22.8%HK$11.80HK$5.00HK$9.0919
Feb ’24HK$6.31
HK$7.62
+20.7%
26.0%HK$11.79HK$5.00HK$8.1719
Jan ’24HK$6.41
HK$7.67
+19.7%
24.8%HK$11.75HK$4.97HK$10.9220
Dec ’23HK$6.38
HK$7.67
+20.2%
24.9%HK$11.75HK$4.97HK$9.5920
Nov ’23HK$6.31
HK$8.08
+28.0%
30.8%HK$13.89HK$5.00HK$8.9419
Oct ’23HK$5.46
HK$8.95
+63.9%
27.0%HK$13.89HK$5.00HK$8.0719

Analyst Forecast: Target price is less than 20% higher than the current share price.


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