BingEx Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: FLX ($8.05) is trading below our estimate of fair value ($21.37)

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

Key Valuation Metric

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

Key metric: As FLX is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FLX. This is calculated by dividing FLX's market cap by their current revenue.
What is FLX's PS Ratio?
PS Ratio	0.8x
Sales	CN¥4.69b
Market Cap	CN¥4.02b

FLX 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	1.3x
Enterprise Value/EBITDA	53.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FLX 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	3.8x
FWRD Forward Air	0.5x	14.6%	US$1.0b
RLGT Radiant Logistics	0.4x	9.3%	US$325.7m
ATSG Air Transport Services Group	0.7x	4.9%	US$1.4b
FRGT Freight Technologies	13.8x	n/a	US$233.0m
FLX BingEx	0.8x	n/a	US$555.8m

Price-To-Sales vs Peers: FLX is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (3.8x).

Price to Sales Ratio vs Industry

How does FLX's PS Ratio compare vs other companies in the US Logistics Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
BEST BEST	0.04x	n/a	US$50.46m
PSIG PS International Group	0.1x	n/a	US$13.55m
UNQL Unique Logistics International	0.03x	n/a	US$6.79m
TLSS Transportation and Logistics Systems	0.0003x	n/a	US$5.89k

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: FLX is expensive based on its Price-To-Sales Ratio (0.8x) compared to the US Logistics industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is FLX'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.

FLX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	n/a

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