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Suzhou Secote Precision Electronic Co Ltd
SSE:603283

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Suzhou Secote Precision Electronic Co Ltd
SSE:603283
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Price: 54.67 CNY 10% Market Closed
Market Cap: ¥14.8B

P/B

4.6
Current
30%
Cheaper
vs 3-y average of 6.6

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
4.6
=
Market Cap
¥13.5B
/
Total Equity
¥3.3B

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
4.6
=
Market Cap
¥13.5B
/
Total Equity
¥3.3B

Valuation Scenarios

Suzhou Secote Precision Electronic Co Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (6.6), the stock would be worth ¥78.11 (43% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-47%
Maximum Upside
+43%
Average Downside
5%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 4.6 ¥54.67
0%
3-Year Average 6.6 ¥78.11
+43%
5-Year Average 5.5 ¥65
+19%
Industry Average 3.1 ¥36.32
-34%
Country Average 2.4 ¥29.02
-47%

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
Suzhou Secote Precision Electronic Co Ltd
SSE:603283
15.2B CNY 4.6 31.7
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 8.4 33.8
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
839.4B SEK 7.6 31.8
US
Illinois Tool Works Inc
NYSE:ITW
76.7B USD 23.7 24.9
US
Barnes Group Inc
NYSE:B
64.4B USD 2.4 12.8
SE
Sandvik AB
STO:SAND
477B SEK 4.8 32.2

Market Distribution

Higher than 77% of companies in China
Percentile
77th
Based on 7 605 companies
77th percentile
4.6
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

Suzhou Secote Precision Electronic Co Ltd
Glance View

Market Cap
14.8B CNY
Industry
Machinery

Nestled in the industrial heartland of China, Suzhou Secote Precision Electronic Co., Ltd. has carved out a significant niche in the world of intelligent manufacturing. Established in 2002, this company has grown to become a linchpin in the robotics and automation sectors, providing state-of-the-art solutions to a myriad of industries ranging from consumer electronics to automotive manufacturing. At its core, Secote specializes in the design and production of precision equipment that enhances production processes through automation, ultimately driving efficiency and reducing costs. With a portfolio that includes laser processing equipment, automation testing, and assembly systems, Secote leverages its technological prowess to innovate and adapt to the ever-changing demands of its clients. Secote's business model thrives on the symbiotic relationship between technological advancement and market demand, enabling it to stay ahead in a highly competitive field. The company focuses on delivering customized solutions that are meticulously tailored to the specific needs of each client, whether it involves automating a single process or overhauling an entire production line. By integrating emerging technologies such as AI and IoT into their offerings, Secote not only enhances precision and reliability but also provides its clients with data insights that are crucial for strategic decision-making. Revenue streams are primarily generated through the sale of these tailored automation units, alongside maintenance and support services that ensure long-term client engagement and satisfaction. This proactive approach not only fortifies their position in the domestic market but also enhances their appeal on the global stage, aligning with the broader global shift towards Industry 4.0.

Intrinsic Value
46.55 CNY
Overvaluation 15%
Intrinsic Value
Price ¥54.67
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