Seres Group Valuation Analysis
Our base case valuation of Seres Group is target price of 189.9 CNY which represents a 17% upside from current levels over a 6-12 month period.
Our target P/S multiple of 1.4x is 50% premium to the average valuation multiple of the comps in 2026.
We used a premium valuation multiple for Seres Group due the company’s higher sales growth, EBITDA margins, and ROE.
Source: Seres Group
