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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 2.8x - 3.1x | 3.0x |
Historical Pb Multiple | 2.0x - 20.0x | 14.7x |
Fair Value | ¥11.89 - ¥13.14 | ¥12.51 |
Upside | 17.7% - 30.1% | 23.9% |
Benchmarks | - | Full Ticker |
Jilin Liyuan Precision Manufacturing Co., Ltd. | 250,100.0% | SZSE:002501 |
Shandong Iron and Steel Company Ltd. | 60,002,200.0% | SHSE:600022 |
Western Superconducting Technologies Co., Ltd. | 68,812,200.0% | SHSE:688122 |
Sansteel MinGuang Co.,Ltd.,Fujian | 211,000.0% | SZSE:002110 |
Zhe Jiang Kangsheng Co.,Ltd. | 241,800.0% | SZSE:002418 |
Zhuzhou Smelter Group Co.,Ltd. | 60,096,100.0% | SHSE:600961 |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
2501 | 600022 | 688122 | 2110 | 2418 | 600961 | |||
SZSE:002501 | SHSE:600022 | SHSE:688122 | SZSE:002110 | SZSE:002418 | SHSE:600961 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | 38.3% | NM- | NM- | 59.0% | ||
3Y CAGR | NM- | NM- | 2.6% | NM- | 1.0% | 68.7% | ||
Latest Twelve Months | 42.7% | -465.0% | 31.4% | -91.2% | -551.6% | 43.6% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -716.7% | 0.9% | 20.9% | 2.4% | -3.1% | 2.6% | ||
Prior Fiscal Year | -79.9% | -0.4% | 18.1% | -1.4% | 0.6% | 3.1% | ||
Latest Fiscal Year | -38.0% | -2.8% | 17.4% | -2.8% | 0.9% | 4.0% | ||
Latest Twelve Months | -53.3% | -2.8% | 17.4% | -2.8% | -0.7% | 4.5% | ||
Return on Equity | ||||||||
5 Year Average Margin | -22.1% | 0.8% | 15.8% | 6.7% | -7.1% | 84.5% | ||
Prior Fiscal Year | -27.9% | -1.9% | 12.2% | -3.2% | 1.4% | 22.1% | ||
Latest Twelve Months | -17.4% | -11.1% | 12.9% | -6.3% | -6.7% | 21.8% | ||
Next Fiscal Year | #NUM! | #NUM! | 17.2% | 174.9% | 1.7% | 22.6% | ||
Two Fiscal Years Forward | -18.5% | -13.5% | 17.9% | 150.9% | 1.7% | 20.8% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 20.0x | 0.2x | 6.2x | 0.2x | 1.4x | 0.5x | ||
Price / LTM EPS | -37.5x | -6.2x | 35.1x | -7.9x | -37.6x | 11.9x | ||
Price / Book | 7.1x | 0.7x | 4.4x | NA | 2.6x | 2.4x | ||
Price / Fwd Book | 6.5x | 0.8x | 4.2x | 19.7x | 2.5x | 2.0x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.7x | 3.5x | 7.1x | |||||
Historical P/B Ratio | 2.0x | 14.7x | 20.0x | |||||
Selected P/B Multiple | 2.8x | 3.0x | 3.1x | |||||
(x) Book Value | 4,511 | 4,511 | 4,511 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 2501 | 600022 | 688122 | 2110 | 2418 | 600961 | |
Value of Common Equity | 6,948 | 13,890 | 30,853 | 9,643 | 3,557 | 10,836 | |
(/) Shares Outstanding | 3,544.7 | 10,602.7 | 649.7 | 2,429.1 | 1,136.4 | 1,072.9 | |
Implied Stock Price | 1.96 | 1.31 | 47.49 | 3.97 | 3.13 | 10.10 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1.96 | 1.31 | 47.49 | 3.97 | 3.13 | 10.10 | |
Trading Currency | CNY | CNY | CNY | CNY | CNY | CNY | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |