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Novoray Corp
SSE:688300

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Novoray Corp
SSE:688300
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Price: 87.43 CNY 2.64% Market Closed
Market Cap: ¥21.1B

EV/IC

12.7
Current
27%
More Expensive
vs 3-y average of 10

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
12.7
=
Enterprise Value
¥22B
/
Invested Capital
¥1.6B

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
12.7
=
Enterprise Value
¥22B
/
Invested Capital
¥1.6B

Valuation Scenarios

Novoray Corp is trading above its 3-year average

If EV/IC returns to its 3-Year Average (10), the stock would be worth ¥68.58 (22% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-85%
Maximum Upside
No Upside Scenarios
Average Downside
54%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 12.7 ¥87.43
0%
3-Year Average 10 ¥68.58
-22%
5-Year Average 9.5 ¥65.05
-26%
Industry Average 1.9 ¥13.34
-85%
Country Average 1.9 ¥13.24
-85%

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
P/E Multiple
Earnings Growth PEG
CN
N
Novoray Corp
SSE:688300
Average P/E: 78.2
73.7
31%
2.4
SA
Saudi Basic Industries Corporation SJSC
SAU:2010
Negative Multiple: -8.8 N/A N/A
ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
41.8
N/A N/A
US
Dow Inc
NYSE:DOW
Negative Multiple: -11 N/A N/A
ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
24.8
N/A N/A
UK
LyondellBasell Industries NV
NYSE:LYB
Negative Multiple: -32.1 N/A N/A
CN
Hengli Petrochemical Co Ltd
SSE:600346
17.4
N/A N/A
TW
Nan Ya Plastics Corp
TWSE:1303
157.3
138%
1.1
KR
LG Chem Ltd
KRX:051910
Negative Multiple: -17.1 N/A N/A
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
189.3
82%
2.3
CN
G
Guangzhou Tinci Materials Technology Co Ltd
SZSE:002709
42.9
92%
0.5

Market Distribution

Higher than 95% of companies in China
Percentile
95th
Based on 7 566 companies
95th percentile
12.7
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

Novoray Corp
Glance View

Market Cap
21.1B CNY
Industry
Chemicals

In the bustling landscape of modern technology companies, Novoray Corp has carved out a niche with its cutting-edge solutions in the realm of imaging and radiography technology. Founded by a group of visionary engineers and entrepreneurs, Novoray emerged from the need to innovate within medical and industrial sectors. The company has honed its expertise in developing advanced imaging systems that harness the power of digital radiography and computed tomography. These systems find applications in diverse fields ranging from healthcare diagnostics to industrial non-destructive testing, offering unparalleled clarity and precision. Novoray's commitment to research and development is evident in its consistently innovative product lineup, attracting a loyal clientele composed of hospitals, manufacturing units, and research institutions worldwide. At the heart of Novoray's business model lies its multi-faceted revenue streams. The company generates income by selling state-of-the-art imaging equipment, complemented by service contracts for maintenance and upgrades, ensuring clients have continuous access to the latest technology. Beyond hardware sales, Novoray has strategically boosted its recurring revenue through software solutions that enhance image processing and diagnostics. This software-as-a-service (SaaS) approach facilitates smooth integration into clients' existing systems, driving efficiency and improving outcomes. Additionally, Novoray capitalizes on training and consultancy services, empowering clients to leverage their technology to its full potential. Through these various avenues, Novoray Corp not only sustains its financial health but also secures a reputation as a leader in precision imaging solutions.

Intrinsic Value
44.77 CNY
Overvaluation 49%
Intrinsic Value
Price ¥87.43
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