Hong Kong Exchanges and Clearing Valuation

Q: What is the Fair Price of 388 N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

388 N (MX$517.67) is trading above our estimate of [[fair value]] (MX$275.25)

Is 388 N undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: 388 N (MX$517.67) is trading above our estimate of fair value (MX$275.25)

Significantly Below Fair Value: 388 N is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 388 N?

Key metric: As 388 N is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 388 N. This is calculated by dividing 388 N's market cap by their current earnings.
What is 388 N's PE Ratio?
PE Ratio	28.5x
Earnings	HK$11.42b
Market Cap	HK$325.75b

388 N 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	6.1x
Enterprise Value/EBITDA	9x
PEG Ratio	3.4x

Price to Earnings Ratio vs Peers

How does 388 N's PE Ratio compare to its peers?

The above table shows the PE ratio for 388 N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	30.5x
BOLSA A Bolsa Mexicana de Valores. de	11.2x	2.3%	Mex$17.9b
NDAQ Nasdaq	49.8x	17.6%	US$47.5b
MSCI MSCI	39.3x	9.5%	US$47.2b
DB1 Deutsche Börse	21.8x	5.4%	€40.4b
388 N Hong Kong Exchanges and Clearing	28.5x	8.5%	Mex$325.7b

Price-To-Earnings vs Peers: 388 N is good value based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (30.8x).

Price to Earnings Ratio vs Industry

How does 388 N's PE Ratio compare vs other companies in the South American Capital Markets Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 388 N is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the South American Capital Markets industry average (9.7x).

Price to Earnings Ratio vs Fair Ratio

What is 388 N'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.

388 N PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	28.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 388 N's Price-To-Earnings 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

International Money Express

US$656.2m

Operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia.

IMXI *

US$430.00

n/a

Yiren Digital

US$395.6m

Provides financial services through an AI-powered platform in China.

YRD N

US$109.27

-10.4%

n/a

Western Union

US$3.7b

Provides money movement and payment services worldwide.

WU *

US$222.00

n/a