Ratings ZTE Corporation

Equities

End-of-day quote Shenzhen S.E. Other stock markets 13/09/2024			5-day change	1st Jan Change
23.54 ^CNY	-0.76%		-2.28%	-11.10%

10/09	ZTE Subscribes for Nine Wealth Management Products Worth 6.10 Billion Yuan	MT
05/09	ZTE Corporation and Orange Liberia Team Up to Complete Rural Network Deployment in Liberia	CI

The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
According to Refinitiv, the company's ESG score for its industry is good.

The company is in a robust financial situation considering its net cash and margin position.
With a P/E ratio at 11.23 for the current year and 10.29 for next year, earnings multiples are highly attractive compared with competitors.
The stock, which is currently worth 2024 to 0.63 times its sales, is clearly overvalued in comparison with peers.
The company has a low valuation given the cash flows generated by its activity.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
For the last few months, analysts have been revising downwards their earnings forecast.
The overall consensus opinion of analysts has deteriorated sharply over the past four months.
Over the past twelve months, analysts' opinions have been revised negatively.
The price targets of various analysts who make up the consensus differ significantly. This reflects different assessments and/or a difficulty in valuing the company.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

Source: Surperformance

Source: Refinitiv

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	Weighted average by Cap.