Lam has also estimated an FY2022 EV/EBITDA of 2.6x to the company, which translates to an FY2022 P/E of 5.1x. The estimates factor in the company’s nascent brands, shorter operating history and trading track record.
SAC Capital has initiated “buy” on China Shenshan Orchard Holdings with a target price of 70 cents.
Calling the company “undervalued”, analyst Lam Wang Kwan says his earnings estimates only “factored in organic growth from its owned plantation over the next two years”.
