Beijing Enterprises Holdings Limited

SEHK:392 Stock Report

Market Cap: HK$32.1b

Beijing Enterprises Holdings Valuation

Is 392 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: 392 (HK$25.55) is trading below our estimate of fair value (HK$84.29)

Significantly Below Fair Value: 392 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 392?

Other financial metrics that can be useful for relative valuation.

392 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/Revenue1.1x
Enterprise Value/EBITDA16.1x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 392's PE Ratio compare to its peers?

The above table shows the PE ratio for 392 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.2x
384 China Gas Holdings
12.2x13.4%HK$38.9b
1193 China Resources Gas Group
11.9x7.2%HK$62.1b
2688 ENN Energy Holdings
9.2x7.7%HK$67.1b
135 Kunlun Energy
11.5x8.0%HK$70.0b
392 Beijing Enterprises Holdings
5.4x10.6%HK$32.1b

Price-To-Earnings vs Peers: 392 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (11.2x).


Price to Earnings Ratio vs Industry

How does 392's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 392 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the Asian Gas Utilities industry average (12.6x).


Price to Earnings Ratio vs Fair Ratio

What is 392'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.

392 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.4x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: 392 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).


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 392 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$25.55
HK$32.62
+27.7%
7.4%HK$35.70HK$28.00n/a6
Jul ’25HK$26.20
HK$32.62
+24.5%
7.4%HK$35.70HK$28.00n/a6
Jun ’25HK$27.50
HK$33.35
+21.3%
8.7%HK$37.00HK$28.00n/a6
May ’25HK$25.10
HK$33.35
+32.9%
8.7%HK$37.00HK$28.00n/a6
Apr ’25HK$22.70
HK$33.35
+46.9%
8.7%HK$37.00HK$28.00n/a6
Mar ’25HK$29.70
HK$36.34
+22.3%
6.4%HK$40.00HK$33.00n/a6
Feb ’25HK$27.90
HK$36.34
+30.2%
6.4%HK$40.00HK$33.00n/a6
Jan ’25HK$27.15
HK$35.60
+31.1%
11.5%HK$40.00HK$28.50n/a6
Dec ’24HK$25.70
HK$34.30
+33.5%
12.4%HK$40.00HK$28.50n/a6
Nov ’24HK$26.15
HK$34.80
+33.1%
12.2%HK$40.00HK$28.50n/a6
Oct ’24HK$27.00
HK$35.55
+31.7%
10.7%HK$40.00HK$28.50n/a6
Sep ’24HK$29.40
HK$35.59
+21.0%
10.7%HK$40.00HK$28.50n/a6
Aug ’24HK$31.00
HK$36.57
+18.0%
10.8%HK$40.80HK$29.60n/a6
Jul ’24HK$28.35
HK$36.60
+29.1%
10.6%HK$40.80HK$29.80HK$26.206
Jun ’24HK$30.45
HK$34.77
+14.2%
17.7%HK$40.80HK$24.00HK$27.506
May ’24HK$32.50
HK$32.82
+1.0%
14.8%HK$39.50HK$24.00HK$25.106
Apr ’24HK$28.25
HK$29.40
+4.1%
13.5%HK$35.10HK$24.00HK$22.704
Mar ’24HK$26.30
HK$33.30
+26.6%
16.3%HK$39.50HK$24.00HK$29.707
Feb ’24HK$27.65
HK$32.70
+18.3%
18.7%HK$39.50HK$24.00HK$27.907
Jan ’24HK$25.00
HK$32.56
+30.2%
19.5%HK$39.50HK$23.00HK$27.157
Dec ’23HK$24.30
HK$32.56
+34.0%
19.5%HK$39.50HK$23.00HK$25.707
Nov ’23HK$20.45
HK$32.79
+60.3%
18.5%HK$39.50HK$23.00HK$26.157
Oct ’23HK$22.05
HK$32.79
+48.7%
18.5%HK$39.50HK$23.00HK$27.007
Sep ’23HK$25.15
HK$33.36
+32.6%
19.9%HK$41.33HK$23.00HK$29.407
Aug ’23HK$24.50
HK$34.37
+40.3%
17.3%HK$41.33HK$23.00HK$31.008
Jul ’23HK$27.90
HK$35.66
+27.8%
18.8%HK$46.00HK$23.00HK$28.359

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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