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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: 13.77 CNY 2.15% Market Closed
Market Cap: ¥32.3B

P/S

2.1
Current
17%
Cheaper
vs 3-y average of 2.6

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.1
=
Market Cap
¥32.3B
/
Revenue
¥15.2B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.1
=
Market Cap
¥32.3B
/
Revenue
¥15.2B

Valuation Scenarios

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

If P/S returns to its 3-Year Average (2.6), the stock would be worth ¥16.63 (21% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+297%
Average Upside
101%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.1 ¥13.77
0%
3-Year Average 2.6 ¥16.63
+21%
5-Year Average 3.3 ¥21.38
+55%
Industry Average 8.5 ¥54.7
+297%
Country Average 2.8 ¥17.88
+30%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
¥32.3B
/
Apr 2026
¥15.2B
=
2.1
Current
¥32.3B
/
Dec 2026
¥16.5B
=
2
Forward
¥32.3B
/
Dec 2027
¥18.4B
=
1.7
Forward
¥32.3B
/
Dec 2028
¥20.8B
=
1.6
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
CN
Flat Glass Group Co Ltd
SSE:601865
32.3B CNY 2.1 35.4
NL
ASML Holding NV
AEX:ASML
471.1B EUR 14.4 46.1
US
Lam Research Corp
NASDAQ:LRCX
311.1B USD 14.8 48
US
Applied Materials Inc
NASDAQ:AMAT
303.6B USD 11 39.8
US
KLA Corp
NASDAQ:KLAC
238.2B USD 18 50.3
US
Brooks Automation Inc
LSE:0HQ1
210.4B USD 353.6 -3 636.7
JP
Advantest Corp
TSE:6857
20.5T JPY 19.9 71.1
JP
Tokyo Electron Ltd
TSE:8035
20.3T JPY 8.5 40.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
370.1B CNY 9.9 70.5
JP
Disco Corp
TSE:6146
8T JPY 18.4 59.2
US
Teradyne Inc
NASDAQ:TER
47.8B USD 17.1 98.3

Market Distribution

In line with most companies in China
Percentile
42st
Based on 7 736 companies
42st percentile
2.1
Low
0 — 1.5
Typical Range
1.5 — 5.4
High
5.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.8
70th Percentile 5.4
Max 5 034 353.9

Flat Glass Group Co Ltd
Glance View

Market Cap
32.3B 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 7%
Intrinsic Value
Price ¥13.77
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