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Flat Glass Group Co Ltd
SSE:601865

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Flat Glass Group Co Ltd
SSE:601865
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Price: 13.52 CNY -1.82% Market Closed
Market Cap: ¥31.7B

EV/IC

1.2
Current
29%
Cheaper
vs 3-y average of 1.6

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.2
=
Enterprise Value
¥39.7B
/
Invested Capital
¥33.6B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.2
=
Enterprise Value
¥39.7B
/
Invested Capital
¥33.6B

Valuation Scenarios

Flat Glass Group Co Ltd is trading below its 3-year average

If EV/IC returns to its 3-Year Average (1.6), the stock would be worth ¥19 (41% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+261%
Average Upside
120%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.2 ¥13.52
0%
3-Year Average 1.6 ¥19
+41%
5-Year Average 2.5 ¥28.64
+112%
Industry Average 4.2 ¥48.82
+261%
Country Average 1.9 ¥22.41
+66%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CN
Flat Glass Group Co Ltd
SSE:601865
31.7B CNY 1.2 34.7
NL
ASML Holding NV
AEX:ASML
471.1B EUR 11.9 46.1
US
Lam Research Corp
NASDAQ:LRCX
321B USD 20 47.9
US
Applied Materials Inc
NASDAQ:AMAT
308.8B USD 11.3 39.4
US
KLA Corp
NASDAQ:KLAC
226.4B USD 20.4 49.7
US
Brooks Automation Inc
LSE:0HQ1
210.4B USD 129.1 -3 636.7
JP
Tokyo Electron Ltd
TSE:8035
21.6T JPY 9.5 37.6
JP
Advantest Corp
TSE:6857
20.2T JPY 34 70
CN
NAURA Technology Group Co Ltd
SZSE:002371
389.1B CNY 6.8 70.5
US
Teradyne Inc
NASDAQ:TER
53.9B USD 15 97.3
JP
Disco Corp
TSE:6146
7.8T JPY 17.3 57.8

Market Distribution

In line with most companies in China
Percentile
33nd
Based on 7 566 companies
33nd percentile
1.2
Low
0 — 1.1
Typical Range
1.1 — 3.4
High
3.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.1
Median 1.9
70th Percentile 3.4
Max 1 129 391.6

Flat Glass Group Co Ltd
Glance View

Market Cap
31.7B CNY
Industry
Semiconductors

Flat Glass Group Co Ltd., a formidable presence in the global glass manufacturing industry, traces its roots to the vibrant industrial landscape of China. Emerging as a pivotal player, the company deftly navigates the intricacies of the glass market by leveraging advanced technologies and economies of scale. Specializing in the production of high-quality flat glass, the company caters to a diverse array of sectors, including architecture, automotive, and solar energy. Through a well-integrated operation that spans from raw material processing to finished goods, Flat Glass Group ensures not only quality but also a streamlined supply chain, which significantly boosts its competitive edge. Central to the company's business model is its commitment to innovation and sustainability, particularly evident in its solar glass segment. As the world gravitates towards renewable energy, Flat Glass has positioned itself strategically to capture burgeoning demand by producing solar glass that's essential for photovoltaic panels. This segment offers robust margins, primarily because of the rising global appetite for clean energy solutions. By aligning its growth trajectory with global sustainability trends, the firm has not only reinforced its market position but also ensured a steady stream of revenue in an industry poised for exponential expansion. Through continuous investments in research and development, as well as strategic partnerships and expansions, Flat Glass Group adeptly sustains its profitability and relevance in a rapidly evolving market.

Intrinsic Value
12.86 CNY
Overvaluation 5%
Intrinsic Value
Price ¥13.52
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