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Shenzhen Refond Optoelectronics Co Ltd
SZSE:300241

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Shenzhen Refond Optoelectronics Co Ltd
SZSE:300241
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Price: 6.89 CNY 5.19%
Market Cap: ¥4.8B

P/B

2.1
Current
23%
More Expensive
vs 3-y average of 1.7

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
¥4.4B
/
Total Equity
¥2.2B

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
¥4.4B
/
Total Equity
¥2.2B

Valuation Scenarios

Shenzhen Refond Optoelectronics Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (1.7), the stock would be worth ¥5.59 (19% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-19%
Maximum Upside
+110%
Average Upside
22%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.1 ¥6.89
0%
3-Year Average 1.7 ¥5.59
-19%
5-Year Average 1.8 ¥5.73
-17%
Industry Average 4.5 ¥14.5
+110%
Country Average 2.4 ¥7.93
+15%

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
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Market Distribution

In line with most companies in China
Percentile
44rd
Based on 7 605 companies
44rd 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

Shenzhen Refond Optoelectronics Co Ltd
Glance View

Market Cap
4.8B CNY
Industry
Semiconductors

Shenzhen Refond Optoelectronics Co., Ltd. engages in the development, manufacture and sale of light emitting diode (LED) products. The company is headquartered in Shenzhen, Guangdong and currently employs 2,817 full-time employees. The company went IPO on 2011-07-12. The firm primarily provides high end backlight LED components and assemblies, LED components and assemblies for lighting, as well as LED components and assemblies for displaying, among others. The firm's products are widely used in the manufacture of liquid crystal display (LCD) televisions, computers and mobile phones, as well as daily use electronic products, urban lighting, indoor lighting, displays, industrial applications and automobiles, among others. The firm distributes its products in domestic and overseas markets, with Pearl River Delta region and Yangtze River Delta region as the main market.

Intrinsic Value
5.41 CNY
Overvaluation 22%
Intrinsic Value
Price ¥6.89
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