Guangdong Hoshion Aluminium Co Ltd (SZSE:002824)

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Price: 17.45 CNY 2.17%

Market Cap: 4.9B CNY

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Section:

Relative Value

The Relative Value of one Guangdong Hoshion Aluminium Co Ltd stock under the Base Case scenario is 34.12 CNY. Compared to the current market price of 17.45 CNY, Guangdong Hoshion Aluminium Co Ltd is Undervalued by 49%.

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

1.5

P/S

vs History	74
vs Industry	61

Median 5Y

2.4

Industry

1.7

Forward

1.3

More Details

52.8

P/E

vs History	26
vs Industry	9

Median 5Y

41.9

Industry

15.4

Forward

30.4

More Details

15.1

P/OCF

vs History	57
vs Industry	13

Median 5Y

19.4

Industry

9.1

More Details

20.4

P/FCFE

vs History	57
vs Industry	14

Median 5Y

44.8

Industry

More Details

P/B

vs History	71
vs Industry	29

Median 5Y

4.6

Industry

1.4

More Details

1.7

EV/S

vs History	76
vs Industry	57

Median 5Y

2.6

Industry

2.1

Forward

1.5

More Details

13.4

EV/GP

vs History	50
vs Industry	32

Median 5Y

14.5

Industry

7.2

More Details

44.3

EV/EBITDA

vs History	26
vs Industry	6

Median 5Y

35.1

Industry

9.9

Forward

15.3

More Details

44.3

EV/EBIT

vs History	26
vs Industry	8

Median 5Y

35.1

Industry

12.6

Forward

26.1

More Details

16.6

EV/OCF

vs History	55
vs Industry	14

Median 5Y

20.1

Industry

10.3

More Details

Negative

EV/FCFF

vs History
vs Industry

Median 5Y

-56.2

Industry

More Details

EV/IC

vs History	74
vs Industry	35

Median 5Y

3.4

Industry

1.3

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		Guangdong Hoshion Aluminium Co Ltd SZSE:002824	4.9B CNY	1.5	52.8	44.3	44.3
CN		Aluminum Corporation of China Ltd SSE:601600	124.9B CNY	0.6	12	6.8	6.8
IN		Hindalco Industries Ltd NSE:HINDALCO	1.4T INR	0.6	11.1	6.1	8.2
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	14.4B USD	0.5	10.1	6	6
CN	C	China Hongqiao Group Ltd HKEX:1378	109.7B HKD	0.7	5.7	3.2	3.2
NO		Norsk Hydro ASA OSE:NHY	124.2B NOK	0.6	92.6	4.6	9.9
US		Alcoa Corp NYSE:AA	9.8B USD	0.9	-33.5	11.7	37.7
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	38.8B MYR	2.7	25.2	15	20.9
CN		Yunnan Aluminium Co Ltd SZSE:000807	48.8B CNY	0.9	9.3	6.8	6.8
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	44.9B CNY	1.4	9.3	6.2	6.2
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	38.3B CNY	1.4	10.5	11.4	11.4

				Revenue Growth	P/S to Growth
CN		Guangdong Hoshion Aluminium Co Ltd SZSE:002824	Average P/S: 1.1 1.5	55%	0
CN		Aluminum Corporation of China Ltd SSE:601600	0.6	8%	0.1
IN		Hindalco Industries Ltd NSE:HINDALCO	0.6	22%	0
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	0.5	8%	0.1
CN	C	China Hongqiao Group Ltd HKEX:1378	0.7	20%	0
NO		Norsk Hydro ASA OSE:NHY	0.6	9%	0.1
US		Alcoa Corp NYSE:AA	0.9	23%	0
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	2.7	17%	0.2
CN		Yunnan Aluminium Co Ltd SZSE:000807	0.9	31%	0
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	1.4	33%	0
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	1.4	29%	0

				Earnings Growth	P/E to Growth
CN		Guangdong Hoshion Aluminium Co Ltd SZSE:002824	Average P/E: 23.8 52.8	97%	0.5
CN		Aluminum Corporation of China Ltd SSE:601600	12	97%	0.1
IN		Hindalco Industries Ltd NSE:HINDALCO	11.1	53%	0.2
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	10.1	97%	0.1
CN	C	China Hongqiao Group Ltd HKEX:1378	5.7	79%	0.1
NO		Norsk Hydro ASA OSE:NHY	92.6	332%	0.3
US		Alcoa Corp NYSE:AA	Negative Multiple: -33.5	N/A	N/A
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	25.2	85%	0.3
CN		Yunnan Aluminium Co Ltd SZSE:000807	9.3	82%	0.1
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	9.3	46%	0.2
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	10.5	109%	0.1

				EBITDA Growth	EV/EBITDA to Growth
CN		Guangdong Hoshion Aluminium Co Ltd SZSE:002824	Average EV/EBITDA: 11.1 44.3	209%	0.2
CN		Aluminum Corporation of China Ltd SSE:601600	6.8	103%	0.1
IN		Hindalco Industries Ltd NSE:HINDALCO	6.1	40%	0.2
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	6	103%	0.1
CN	C	China Hongqiao Group Ltd HKEX:1378	3.2	50%	0.1
NO		Norsk Hydro ASA OSE:NHY	4.6	28%	0.2
US		Alcoa Corp NYSE:AA	11.7	347%	0
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	15	46%	0.3
CN		Yunnan Aluminium Co Ltd SZSE:000807	6.8	88%	0.1
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	6.2	134%	0
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	11.4	165%	0.1

				EBIT Growth	EV/EBIT to Growth
CN		Guangdong Hoshion Aluminium Co Ltd SZSE:002824	Average EV/EBIT: 14.7 44.3	63%	0.7
CN		Aluminum Corporation of China Ltd SSE:601600	6.8	50%	0.1
IN		Hindalco Industries Ltd NSE:HINDALCO	8.2	46%	0.2
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	6	50%	0.1
CN	C	China Hongqiao Group Ltd HKEX:1378	3.2	71%	0
NO		Norsk Hydro ASA OSE:NHY	9.9	92%	0.1
US		Alcoa Corp NYSE:AA	37.7	N/A	N/A
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	20.9	67%	0.3
CN		Yunnan Aluminium Co Ltd SZSE:000807	6.8	55%	0.1
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	6.2	76%	0.1
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	11.4	87%	0.1

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Guangdong Hoshion Aluminium Co Ltd
SZSE:002824

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples
Guangdong Hoshion Aluminium Co Ltd Competitors

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Company

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52 Week Range	11.31 23
Price Target

Guangdong Hoshion Aluminium Co Ltd SZSE:002824

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples Guangdong Hoshion Aluminium Co Ltd Competitors

See Also

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Guangdong Hoshion Aluminium Co Ltd
SZSE:002824

Competitors Multiples
Guangdong Hoshion Aluminium Co Ltd Competitors