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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 16.3x - 18.0x | 17.1x |
Selected Fwd P/E Multiple | 11.1x - 12.3x | 11.7x |
Fair Value | NT$ 27.17 - NT$ 30.03 | NT$ 28.60 |
Upside | 6.1% - 17.3% | 11.7% |
Benchmarks | - | Full Ticker |
Everspring Industry Co., Ltd. | 239,000.0% | TWSE:2390 |
Jorjin Technologies Inc. | 498,000.0% | TPEX:4980 |
Info-Tek Corporation | 818,300.0% | TPEX:8183 |
Usun Technology Co., Ltd. | 349,800.0% | TPEX:3498 |
Hi Sharp Electronics Co., Ltd. | 312,800.0% | TPEX:3128 |
Pixon Technologies Corporation | 524,800.0% | TPEX:5248 |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
2390 | 4980 | 8183 | 3498 | 3128 | 5248 | |||
TWSE:2390 | TPEX:4980 | TPEX:8183 | TPEX:3498 | TPEX:3128 | TPEX:5248 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | 19.3% | NM- | 22.8% | 5.1% | ||
3Y CAGR | NM- | NM- | -7.7% | NM- | 28.0% | 54.2% | ||
Latest Twelve Months | -199.9% | -323.1% | -27.5% | -3.3% | 89.2% | 111.3% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 18.1% | -7.3% | 8.1% | -8.0% | 4.6% | 4.6% | ||
Prior Fiscal Year | -12.4% | 21.2% | 8.1% | -12.2% | 3.8% | 5.6% | ||
Latest Fiscal Year | -34.4% | 0.3% | 5.4% | -16.0% | 6.4% | 9.9% | ||
Latest Twelve Months | -34.4% | -18.3% | 5.4% | -16.0% | 6.4% | 9.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 25.9x | -5.0x | 4.8x | -4.0x | 15.8x | 8.8x | ||
Price / LTM Sales | 2.5x | 4.3x | 0.5x | 2.3x | 0.9x | 1.4x | ||
LTM P/E Ratio | -7.2x | -23.6x | 9.3x | -14.7x | 14.5x | 14.3x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -23.6x | -7.2x | 14.5x | |||||
Historical LTM P/E Ratio | 14.3x | 35.5x | 3323.2x | |||||
Selected P/E Multiple | 16.3x | 17.1x | 18.0x | |||||
(x) LTM Net Income | 44 | 44 | 44 | |||||
(=) Equity Value | 721 | 759 | 797 | |||||
(/) Shares Outstanding | 24.5 | 24.5 | 24.5 | |||||
Implied Value Range | 29.42 | 30.97 | 32.51 | |||||
FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 29.42 | 30.97 | 32.51 | 25.60 | ||||
Upside / (Downside) | 14.9% | 21.0% | 27.0% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 2390 | 4980 | 8183 | 3498 | 3128 | 5248 | |
Value of Common Equity | 1,768 | 893 | 3,695 | 2,205 | 1,086 | 627 | |
(/) Shares Outstanding | 173.4 | 45.2 | 120.8 | 60.4 | 41.4 | 24.5 | |
Implied Stock Price | 10.20 | 19.75 | 30.60 | 36.50 | 26.20 | 25.60 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 10.20 | 19.75 | 30.60 | 36.50 | 26.20 | 25.60 | |
Trading Currency | TWD | TWD | TWD | TWD | TWD | TWD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |