Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd (SZSE:002284)

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Price: 8.02 CNY -1.11%

Market Cap: 5.9B CNY

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Section:

Relative Value

The Relative Value of one Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd stock under the Base Case scenario is 14.92 CNY. Compared to the current market price of 8.02 CNY, Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd is Undervalued by 46%.

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.

What is Relative Valuation?

How is Relative Value calculated?

Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.4

P/S

vs History	53
vs Industry	34

Median 5Y

1.5

Industry

Forward

1.3

More Details

37.8

P/E

vs History	71
vs Industry	12

Median 5Y

61.4

Industry

17.6

Forward

30.5

More Details

5.7

P/OCF

vs History	96
vs Industry	31

Median 5Y

Industry

9.2

More Details

20.5

P/FCFE

vs History	15
vs Industry	38

Median 5Y

12.8

Industry

17.4

More Details

2.1

P/B

vs History	38
vs Industry	33

Median 5Y

Industry

1.5

More Details

1.4

EV/S

vs History	52
vs Industry	34

Median 5Y

1.5

Industry

1.1

Forward

1.3

More Details

8.8

EV/GP

vs History	87
vs Industry	22

Median 5Y

11.2

Industry

4.8

More Details

34.2

EV/EBITDA

vs History	66
vs Industry	8

Median 5Y

52.9

Industry

9.4

Forward

13.9

More Details

34.2

EV/EBIT

vs History	66
vs Industry	12

Median 5Y

52.9

Industry

13.6

Forward

24.7

More Details

5.8

EV/OCF

vs History	96
vs Industry	31

Median 5Y

Industry

10.6

More Details

6.9

EV/FCFF

vs History	96
vs Industry	22

Median 5Y

14.2

Industry

14.7

More Details

1.9

EV/IC

vs History	22
vs Industry	27

Median 5Y

1.7

Industry

1.1

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CN	Z	Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd SZSE:002284	5.9B CNY	1.4	37.8	34.2	34.2
KR		Dayou Plus Co Ltd KRX:000300	83.5T KRW	568.8	-391.8	-861.3	-896.3
JP		Denso Corp TSE:6902	6.4T JPY	0.9	19.3	7.5	14.5
CN		Fuyao Glass Industry Group Co Ltd SSE:600660	162.2B CNY	4.3	23.2	20.2	20.2
KR		Hyundai Mobis Co Ltd KRX:012330	21.4T KRW	0.4	6.3	3.9	5.3
JP		Sumitomo Electric Industries Ltd TSE:5802	2.2T JPY	0.5	11.2	4.7	8.1
IE		Aptiv PLC NYSE:APTV	14.2B USD	0.7	5.8	7	10.4
DE		Continental AG XETRA:CON	13B EUR	0.3	15.9	3.9	9.6
IN		Samvardhana Motherson International Ltd NSE:MOTHERSON	1.1T INR	1	28.6	9.6	16.8
CA		Magna International Inc TSX:MG	17.2B CAD	0.3	11.1	4.6	8.2
IN		Bosch Ltd NSE:BOSCHLTD	996.8B INR	5.8	47.8	43.5	53.5

				Revenue Growth	P/S to Growth
CN	Z	Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd SZSE:002284	Average P/S: 53.1 1.4	19%	0.1
KR		Dayou Plus Co Ltd KRX:000300	568.8	N/A	N/A
JP		Denso Corp TSE:6902	0.9	5%	0.2
CN		Fuyao Glass Industry Group Co Ltd SSE:600660	4.3	19%	0.2
KR		Hyundai Mobis Co Ltd KRX:012330	0.4	3%	0.1
JP		Sumitomo Electric Industries Ltd TSE:5802	0.5	3%	0.2
IE		Aptiv PLC NYSE:APTV	0.7	3%	0.2
DE		Continental AG XETRA:CON	0.3	2%	0.2
IN		Samvardhana Motherson International Ltd NSE:MOTHERSON	1	13%	0.1
CA		Magna International Inc TSX:MG	0.3	2%	0.1
IN		Bosch Ltd NSE:BOSCHLTD	5.8	N/A	N/A

				Earnings Growth	PEG
CN	Z	Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd SZSE:002284	Average P/E: 20.7 37.8	43%	0.9
KR		Dayou Plus Co Ltd KRX:000300	Negative Multiple: -391.8	N/A	N/A
JP		Denso Corp TSE:6902	19.3	28%	0.7
CN		Fuyao Glass Industry Group Co Ltd SSE:600660	23.2	23%	1
KR		Hyundai Mobis Co Ltd KRX:012330	6.3	10%	0.6
JP		Sumitomo Electric Industries Ltd TSE:5802	11.2	9%	1.2
IE		Aptiv PLC NYSE:APTV	5.8	-12%	N/A
DE		Continental AG XETRA:CON	15.9	25%	0.6
IN		Samvardhana Motherson International Ltd NSE:MOTHERSON	28.6	32%	0.9
CA		Magna International Inc TSX:MG	11.1	19%	0.6
IN		Bosch Ltd NSE:BOSCHLTD	47.8	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
CN	Z	Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd SZSE:002284	Average EV/EBITDA: 13.9 34.2	61%	0.6
KR		Dayou Plus Co Ltd KRX:000300	Negative Multiple: -861.3	N/A	N/A
JP		Denso Corp TSE:6902	7.5	17%	0.4
CN		Fuyao Glass Industry Group Co Ltd SSE:600660	20.2	34%	0.6
KR		Hyundai Mobis Co Ltd KRX:012330	3.9	14%	0.3
JP		Sumitomo Electric Industries Ltd TSE:5802	4.7	6%	0.8
IE		Aptiv PLC NYSE:APTV	7	9%	0.8
DE		Continental AG XETRA:CON	3.9	11%	0.4
IN		Samvardhana Motherson International Ltd NSE:MOTHERSON	9.6	14%	0.7
CA		Magna International Inc TSX:MG	4.6	8%	0.6
IN		Bosch Ltd NSE:BOSCHLTD	43.5	16%	2.7

				EBIT Growth	EV/EBIT to Growth
CN	Z	Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd SZSE:002284	Average EV/EBIT: 18.1 34.2	36%	0.9
KR		Dayou Plus Co Ltd KRX:000300	Negative Multiple: -896.3	N/A	N/A
JP		Denso Corp TSE:6902	14.5	N/A	N/A
CN		Fuyao Glass Industry Group Co Ltd SSE:600660	20.2	25%	0.8
KR		Hyundai Mobis Co Ltd KRX:012330	5.3	16%	0.3
JP		Sumitomo Electric Industries Ltd TSE:5802	8.1	N/A	N/A
IE		Aptiv PLC NYSE:APTV	10.4	15%	0.7
DE		Continental AG XETRA:CON	9.6	20%	0.5
IN		Samvardhana Motherson International Ltd NSE:MOTHERSON	16.8	20%	0.8
CA		Magna International Inc TSX:MG	8.2	11%	0.7
IN		Bosch Ltd NSE:BOSCHLTD	53.5	26%	2.1

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Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd
SZSE:002284

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples
Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd Competitors

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Company

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52 Week Range	5.6 8.97
Price Target

Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd SZSE:002284

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd Competitors

See Also

Company

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Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd
SZSE:002284

Competitors Multiples
Zhejiang Asia-Pacific Mechanical & Electronic Co Ltd Competitors