Avic Aviation High Technology Co Ltd
SSE:600862

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Avic Aviation High Technology Co Ltd
SSE:600862
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Price: 19.69 CNY -2.62% Market Closed
Market Cap: ¥27.4B

P/B

3.6
Current
28%
Cheaper
vs 3-y average of 4.9

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.6
=
Market Cap
¥30.3B
/
Total Equity
¥7.7B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.6
=
Market Cap
¥30.3B
/
Total Equity
¥7.7B

Valuation Scenarios

Avic Aviation High Technology Co Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (4.9), the stock would be worth ¥27.36 (39% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-31%
Maximum Upside
+62%
Average Upside
14%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 3.6 ¥19.69
0%
3-Year Average 4.9 ¥27.36
+39%
5-Year Average 5.8 ¥31.82
+62%
Industry Average 3.1 ¥16.95
-14%
Country Average 2.4 ¥13.54
-31%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
CN
Avic Aviation High Technology Co Ltd
SSE:600862
27.4B CNY 3.6 26.5
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 0 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 24 437.1 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 1 29.8
US
Parker-Hannifin Corp
NYSE:PH
121.4B USD 8.5 34.3
JP
Freund Corp
TSE:6312
16.9T JPY 1 012.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
16.1T JPY 6.2 57.4
SE
Atlas Copco AB
STO:ATCO A
841.6B SEK 7.7 32.2
US
Illinois Tool Works Inc
NYSE:ITW
77.5B USD 24 25.2
US
Barnes Group Inc
NYSE:B
65.6B USD 2.5 13.1
SE
Sandvik AB
STO:SAND
474.3B SEK 4.8 32.7

Market Distribution

In line with most companies in China
Percentile
67th
Based on 7 605 companies
67th percentile
3.6
Low
0 — 1.5
Typical Range
1.5 — 3.9
High
3.9 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.4
70th Percentile 3.9
Max 1 172 445.9

Avic Aviation High Technology Co Ltd
Glance View

Market Cap
27.4B CNY
Industry
Machinery

Avic Aviation High Technology Co Ltd, a key player under the expansive umbrella of the Aviation Industry Corporation of China (AVIC), emerges as a fascinating chapter in the vast tome of aerospace and defense technology in China. Established to harness the precision-driven sectors of aviation technology, the company specializes in the development, production, and sale of aviation components and materials, which are integral to the country's burgeoning aerospace infrastructure. By focusing on innovation and quality, Avic Aviation High Technology has carved out a robust niche in both military and civilian markets. Its operations extend across the manufacturing of aircraft components, the creation of aerostructures, and the provision of aviation-related technical services, positioning itself as an indispensable cog within both China's domestic aerospace initiatives and select international collaborations. The company's revenue model intricately weaves together several streams, with its primary income derived from contracts and partnerships with large aviation enterprises, both home-grown and international. These partnerships enable Avic Aviation to maintain a steady flow of projects and commissions, leveraging its extensive research and development capabilities to meet the evolving technological demands of modern aviation. Additionally, the company benefits from China's strategic emphasis on self-reliant defense capabilities, as it supplies essential parts and materials required for military aviation upgrades. Beyond its aviation component manufacturing, the company also delves into technical consultation and after-sale services, ensuring a comprehensive approach to customer satisfaction. Through this multi-faceted strategy, Avic Aviation High Technology not only ensures its financial sustainability but also solidifies its reputation as a leader in aviation technological advancements.

Intrinsic Value
24.84 CNY
Undervaluation 21%
Intrinsic Value
Price ¥19.69
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