F

First Tractor Co Ltd
SSE:601038

Watchlist Manager
First Tractor Co Ltd
SSE:601038
Watchlist
Price: 13.16 CNY 0.69% Market Closed
Market Cap: 14.8B CNY
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one First Tractor Co Ltd stock under the Base Case scenario is 15.3 CNY. Compared to the current market price of 13.16 CNY, First Tractor Co Ltd is Undervalued by 14%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
15.3 CNY
Undervaluation 14%
Relative Value
Price
F
Worst Case
Base Case
Best Case

Valuation Multiples

1.2
P/S
P/S
Price to Sales
1.2
vs History
65
vs Industry
51
Median 3Y
1.2
Median 5Y
1.4
Industry
1.5
Forward
1.1
More Details
16
P/E
P/E
Price to Earnings
16
vs History
85
vs Industry
46
Median 3Y
17.4
Median 5Y
20.8
Industry
19.8
Forward
13.3
More Details
12.2
P/OCF
P/OCF
Price to OCF
12.2
vs History
47
vs Industry
41
Median 3Y
12.7
Median 5Y
11.5
Industry
14.2
More Details
12.6
P/FCFE
P/FCFE
Price to FCFE
12.6
vs History
50
vs Industry
32
Median 3Y
12.7
Median 5Y
12.7
Industry
19.8
More Details
2
P/B
P/B
Price to Book Value
2
vs History
80
vs Industry
38
Median 3Y
2.2
Median 5Y
2.3
Industry
1.7
More Details
1.1
EV/S
EV/S
Enterprise Value to Sales
1.1
vs History
57
vs Industry
54
Median 3Y
1
Median 5Y
1.2
Industry
1.6
Forward
1
More Details
7.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
7.6
vs History
39
vs Industry
36
Median 3Y
6.2
Median 5Y
6.6
Industry
5.8
More Details
16.6
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
16.6
vs History
39
vs Industry
30
Median 3Y
16.2
Median 5Y
14.8
Industry
12
Forward
9.4
More Details
16.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
16.6
vs History
39
vs Industry
38
Median 3Y
16.2
Median 5Y
14.8
Industry
15.6
Forward
11.4
More Details
11
EV/OCF
EV/OCF
Enterprise Value to OCF
11
vs History
47
vs Industry
45
Median 3Y
11.5
Median 5Y
10.4
Industry
14.2
More Details
12.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
12.1
vs History
46
vs Industry
38
Median 3Y
12.7
Median 5Y
10.4
Industry
17.7
More Details
1.6
EV/IC
EV/IC
Enterprise Value to IC
1.6
vs History
74
vs Industry
35
Median 3Y
1.8
Median 5Y
1.8
Industry
1.3
More Details

Multiples Across Competitors

Competitors Multiples
First Tractor Co Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
First Tractor Co Ltd
SSE:601038
14.8B CNY 1.2 16 16.6 16.6
US
Deere & Co
NYSE:DE
125.1B USD 2.6 20.1 12.7 15.1
UK
CNH Industrial NV
MIL:CNHI
14.6B EUR 0.7 7.4 7 8.3
JP
Kubota Corp
TSE:6326
1.9T JPY 0.6 8.3 7 9.6
US
Toro Co
NYSE:TTC
6.8B USD 1.5 16.8 11.9 14.8
US
AGCO Corp
NYSE:AGCO
6.2B USD 0.5 -14.7 6.3 8.6
IN
Escorts Kubota Ltd
NSE:ESCORTS
373B INR 3.6 31.1 29 34.2
SE
Husqvarna AB
STO:HUSQ B
26.3B SEK 0.5 19.9 6.9 15.5
TR
Turk Traktor ve Ziraat Makineleri AS
IST:TTRAK.E
63.6B TRY 1 11.1 7.1 8.9
US
Lindsay Corp
NYSE:LNN
1.4B USD 2.2 18.2 12.3 15.3
IT
Comer Industries SpA
MIL:COM
825.2m EUR 0.9 12.3 5.3 8.4
P/E Multiple
Earnings Growth PEG
CN
F
First Tractor Co Ltd
SSE:601038
Average P/E: 16.1
16
12%
1.3
US
Deere & Co
NYSE:DE
20.1
1%
20.1
UK
CNH Industrial NV
MIL:CNHI
7.4
N/A N/A
JP
Kubota Corp
TSE:6326
8.3
2%
4.1
US
Toro Co
NYSE:TTC
16.8
7%
2.4
US
AGCO Corp
NYSE:AGCO
Negative Multiple: -14.7 N/A N/A
IN
Escorts Kubota Ltd
NSE:ESCORTS
31.1
11%
2.8
SE
Husqvarna AB
STO:HUSQ B
19.9
37%
0.5
TR
Turk Traktor ve Ziraat Makineleri AS
IST:TTRAK.E
11.1
N/A N/A
US
Lindsay Corp
NYSE:LNN
18.2
3%
6.1
IT
Comer Industries SpA
MIL:COM
12.3
14%
0.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
F
First Tractor Co Ltd
SSE:601038
Average EV/EBITDA: 11.1
16.6
26%
0.6
US
Deere & Co
NYSE:DE
12.7
-13%
N/A
UK
CNH Industrial NV
MIL:CNHI
7
N/A N/A
JP
Kubota Corp
TSE:6326
7
2%
3.5
US
Toro Co
NYSE:TTC
11.9
8%
1.5
US
AGCO Corp
NYSE:AGCO
6.3
2%
3.2
IN
Escorts Kubota Ltd
NSE:ESCORTS
29
12%
2.4
SE
Husqvarna AB
STO:HUSQ B
6.9
17%
0.4
TR
Turk Traktor ve Ziraat Makineleri AS
IST:TTRAK.E
7.1
N/A N/A
US
Lindsay Corp
NYSE:LNN
12.3
9%
1.4
IT
Comer Industries SpA
MIL:COM
5.3
4%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
F
First Tractor Co Ltd
SSE:601038
Average EV/EBIT: 14.1
16.6
N/A N/A
US
Deere & Co
NYSE:DE
15.1
-14%
N/A
UK
CNH Industrial NV
MIL:CNHI
8.3
N/A N/A
JP
Kubota Corp
TSE:6326
9.6
N/A N/A
US
Toro Co
NYSE:TTC
14.8
8%
1.9
US
AGCO Corp
NYSE:AGCO
8.6
2%
4.3
IN
Escorts Kubota Ltd
NSE:ESCORTS
34.2
15%
2.3
SE
Husqvarna AB
STO:HUSQ B
15.5
31%
0.5
TR
Turk Traktor ve Ziraat Makineleri AS
IST:TTRAK.E
8.9
N/A N/A
US
Lindsay Corp
NYSE:LNN
15.3
11%
1.4
IT
Comer Industries SpA
MIL:COM
8.4
13%
0.6

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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