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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 1.2x - 1.4x | 1.3x |
Historical Pb Multiple | 0.7x - 2.1x | 1.0x |
Fair Value | NT$ 28.19 - NT$ 31.16 | NT$ 29.68 |
Upside | -48.7% - -43.3% | -46.0% |
Benchmarks | - | Full Ticker |
Catcher Technology Co., Ltd. | 247,400.0% | TWSE:2474 |
Enermax Technology Corporation | 809,300.0% | TPEX:8093 |
Promise Technology, Inc. | 305,700.0% | TWSE:3057 |
RITEK Corporation | 234,900.0% | TWSE:2349 |
Jess-link Products Co., Ltd. | 619,700.0% | TWSE:6197 |
Bin Chuan Enterprise Co., Ltd. | 156,900.0% | TPEX:1569 |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
2474 | 8093 | 3057 | 2349 | 6197 | 1569 | |||
TWSE:2474 | TPEX:8093 | TWSE:3057 | TWSE:2349 | TWSE:6197 | TPEX:1569 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 3.2% | NM- | NM- | NM- | 29.7% | NM- | ||
3Y CAGR | 15.5% | NM- | NM- | NM- | 41.6% | NM- | ||
Latest Twelve Months | -10.1% | -52.0% | 50.0% | 119.4% | 32.8% | -2296.7% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 40.9% | -18.4% | -10.0% | -6.3% | 11.3% | 2.6% | ||
Prior Fiscal Year | 50.6% | -23.4% | -24.5% | -4.0% | 12.8% | -3.2% | ||
Latest Fiscal Year | 73.0% | -70.0% | -26.5% | 0.6% | 15.7% | -10.0% | ||
Latest Twelve Months | 61.5% | -59.6% | -11.6% | 0.5% | 14.7% | -10.0% | ||
Return on Equity | ||||||||
5 Year Average Margin | 8.1% | -15.8% | -8.5% | -7.5% | 17.1% | 4.9% | ||
Prior Fiscal Year | 5.7% | -23.8% | -17.8% | -5.4% | 19.8% | -3.4% | ||
Latest Twelve Months | 6.9% | -45.1% | -9.3% | 0.7% | 29.2% | -15.8% | ||
Next Fiscal Year | 7.2% | #NUM! | #NUM! | 1.6% | 28.5% | #NUM! | ||
Two Fiscal Years Forward | 6.6% | -74.8% | -28.9% | 1.6% | 29.7% | -12.3% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 7.7x | 5.1x | 2.0x | 1.0x | 2.4x | 2.1x | ||
Price / LTM EPS | 12.5x | -8.6x | -17.3x | 193.9x | 16.6x | -14.5x | ||
Price / Book | 0.9x | 3.4x | 1.7x | 1.3x | 4.5x | 2.5x | ||
Price / Fwd Book | 0.9x | 3.4x | 1.8x | 1.3x | 3.2x | 2.4x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.9x | 1.7x | 4.5x | |||||
Historical P/B Ratio | 0.7x | 1.0x | 2.1x | |||||
Selected P/B Multiple | 1.2x | 1.3x | 1.4x | |||||
(x) Book Value | 2,758 | 2,758 | 2,758 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 2474 | 8093 | 3057 | 2349 | 6197 | 1569 | |
Value of Common Equity | 137,943 | 1,067 | 1,080 | 7,318 | 16,665 | 6,680 | |
(/) Shares Outstanding | 649.1 | 60.9 | 92.7 | 693.7 | 122.1 | 121.4 | |
Implied Stock Price | 212.50 | 17.50 | 11.65 | 10.55 | 136.50 | 55.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 212.50 | 17.50 | 11.65 | 10.55 | 136.50 | 55.00 | |
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 |