Aofu Environmental Technology Co Ltd
SSE:688021

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Aofu Environmental Technology Co Ltd Logo
Aofu Environmental Technology Co Ltd
SSE:688021
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Price: 23.64 CNY -0.55% Market Closed
Market Cap: ¥1.8B

P/B

2.1
Current
29%
More Expensive
vs 3-y average of 1.6

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
2.1
=
Market Cap
¥1.9B
/
Total Equity
¥857.7m

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
2.1
=
Market Cap
¥1.9B
/
Total Equity
¥857.7m

Valuation Scenarios

Aofu Environmental Technology Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (1.6), the stock would be worth ¥18.35 (22% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-22%
Maximum Upside
+46%
Average Upside
7%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.1 ¥23.64
0%
3-Year Average 1.6 ¥18.35
-22%
5-Year Average 1.8 ¥20.59
-13%
Industry Average 3.1 ¥34.4
+46%
Country Average 2.4 ¥27.49
+16%

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
Aofu Environmental Technology Co Ltd
SSE:688021
1.8B CNY 2.1 -111.4
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
123B USD 8.6 34.8
JP
Freund Corp
TSE:6312
16.9T JPY 1 012.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
15.9T JPY 6.1 56.7
SE
Atlas Copco AB
STO:ATCO A
915.4B SEK 8.3 34.6
US
Illinois Tool Works Inc
NYSE:ITW
77.7B USD 24 25.3
US
Barnes Group Inc
NYSE:B
68.8B USD 2.6 13.7
SE
Sandvik AB
STO:SAND
496.6B SEK 5.3 33.8

Market Distribution

In line with most companies in China
Percentile
43rd
Based on 7 605 companies
43rd percentile
2.1
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

Aofu Environmental Technology Co Ltd
Glance View

Market Cap
1.8B CNY
Industry
Machinery

Aofu Environmental Technology Co., Ltd. engages in the manufacture of technical ceramic substrates and filters. The company is headquartered in Dezhou, Shandong and currently employs 934 full-time employees. The company went IPO on 2019-11-06. The Company’s main products are honeycomb ceramic substrates, which are mainly used in the diesel-engine exhaust treatment system of road vehicles, non-road vehicles, and ships. The firm also provides volatile organic compounds (VOCs) exhaust treatment equipment, energy saving and heat reserving equipment, and other products. The firm distributes products within domestic market and to overseas markets.

Intrinsic Value
20.06 CNY
Overvaluation 15%
Intrinsic Value
Price ¥23.64
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