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Novoray Corp
SSE:688300

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Novoray Corp
SSE:688300
Watchlist
Price: 85.18 CNY 1.34% Market Closed
Market Cap: ¥20.6B

P/S

18.9
Current
26%
More Expensive
vs 3-y average of 15

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
18.9
=
Market Cap
¥22.2B
/
Revenue
¥1.1B

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
18.9
=
Market Cap
¥22.2B
/
Revenue
¥1.1B

Valuation Scenarios

Novoray Corp is trading above its 3-year average

If P/S returns to its 3-Year Average (15), the stock would be worth ¥67.87 (20% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-86%
Maximum Upside
No Upside Scenarios
Average Downside
54%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 18.9 ¥85.18
0%
3-Year Average 15 ¥67.87
-20%
5-Year Average 14.1 ¥63.65
-25%
Industry Average 2.6 ¥11.85
-86%
Country Average 2.8 ¥12.48
-85%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
¥22.2B
/
Oct 2025
¥1.1B
=
18.9
Current
¥22.2B
/
Dec 2025
¥1.2B
=
18.8
Forward
¥22.2B
/
Dec 2026
¥1.5B
=
14.7
Forward
¥22.2B
/
Dec 2027
¥1.8B
=
12.5
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
P/E Multiple
Earnings Growth PEG
CN
N
Novoray Corp
SSE:688300
Average P/E: 77.7
71.8
31%
2.3
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: -11.1 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 N/A N/A
TW
Nan Ya Plastics Corp
TWSE:1303
160.8
138%
1.2
CN
Hengli Petrochemical Co Ltd
SSE:600346
17.5
N/A N/A
KR
LG Chem Ltd
KRX:051910
Negative Multiple: -17.5 N/A N/A
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
185.1
82%
2.3
CN
G
Guangzhou Tinci Materials Technology Co Ltd
SZSE:002709
42.1
92%
0.5

Market Distribution

Higher than 94% of companies in China
Percentile
94rd
Based on 7 736 companies
94rd percentile
18.9
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

Novoray Corp
Glance View

Market Cap
20.6B 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 47%
Intrinsic Value
Price ¥85.18
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