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Zhejiang Hongchang Electrical Technology Co Ltd
SZSE:301008

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Zhejiang Hongchang Electrical Technology Co Ltd Logo
Zhejiang Hongchang Electrical Technology Co Ltd
SZSE:301008
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Price: 31.69 CNY 3.22% Market Closed
Market Cap: ¥4.2B

P/E

126.4
Current
302%
More Expensive
vs 3-y average of 31.5

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
126.4
=
Market Cap
¥4.1B
/
Net Income
¥32.8m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
126.4
=
Market Cap
¥4.1B
/
Net Income
¥32.8m

Valuation Scenarios

Zhejiang Hongchang Electrical Technology Co Ltd is trading above its 3-year average

If P/E returns to its 3-Year Average (31.5), the stock would be worth ¥7.89 (75% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-79%
Maximum Upside
No Upside Scenarios
Average Downside
72%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 126.4 ¥31.69
0%
3-Year Average 31.5 ¥7.89
-75%
5-Year Average 26.2 ¥6.58
-79%
Industry Average 56 ¥14.04
-56%
Country Average 29.6 ¥7.43
-77%

Forward P/E
Today’s price vs future net income

Not enough data available to calculate forward P/E

Market Distribution

Higher than 85% of companies in China
Percentile
85th
Based on 5 557 companies
85th percentile
126.4
Low
0 — 17.1
Typical Range
17.1 — 57.7
High
57.7 —
Distribution Statistics
China
Min 0
30th Percentile 17.1
Median 29.6
70th Percentile 57.7
Max 43 569.3

Zhejiang Hongchang Electrical Technology Co Ltd
Glance View

Zhejiang Hongchang Electrical Technology Co., Ltd. engages in the production, sale, research and development of fluid solenoid valves. The company is headquartered in Jinhua, Zhejiang and currently employs 1,076 full-time employees. The company went IPO on 2021-06-11. Its fluid solenoid valves include washing machine valves, water purifier valves and smart toilet valves. The firm's solenoid valves are mainly used in washing machines, water purifiers, smart toilets, dishwashers and other household appliances, kitchen and bathroom fields. The firm's modular components are mainly used in washing machines. The firm's water level sensors are mainly used in various washing machine products. The firm distributes its products within domestic market and to overseas markets.

Intrinsic Value
15.12 CNY
Overvaluation 52%
Intrinsic Value
Price ¥31.69
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