Risk factor
Strong & resilient to price shocks
Profitability factor
Greatly overvalued vs peers
About
Joyoung Co.,Ltd operates as a prominent manufacturer and supplier of household appliances, catering to both the domestic Chinese market and international consumers. The company's diverse product range primarily includes popular items such as soymilk makers, high-speed blenders (often termed "wall breaking machines"), rice cookers, and water purification systems, alongside various other small kitchen electrics and specialized nutritional ingredients. Beyond these, Joyoung manufactures a comprehensive line of major kitchen installations, encompassing range hoods, water heaters, cooktops, integrated ovens, dishwashers, disinfection cabinets, steamers, and waste disposal units. The company further extends its offerings to include kitchenware, such as cookware sets and an assortment of beverage containers. Customers can acquire Joyoung's products through a multi-channel distribution strategy, utilizing both traditional brick-and-mortar retail stores and its extensive online sales platforms. Established in 1994, the company's corporate headquarters are located in Jinan, China. Joyoung Co.,Ltd operates as a subsidiary of Shanghai Li Hung Enterprise Management Co., Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB
Target Price
The average target price of 002242.SZ is 8.46 and suggests 32.3% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation