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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -103.4x - -114.3x | -108.9x |
Selected Fwd P/E Multiple | -141.3x - -156.2x | -148.7x |
Fair Value | NT$ 12.25 - NT$ 13.54 | NT$ 12.89 |
Upside | -38.1% - -31.6% | -34.9% |
Benchmarks | - | Full Ticker |
Cyber Power Systems, Inc. | 361,700.0% | TWSE:3617 |
Audix Corporation | 245,900.0% | TWSE:2459 |
New Advanced Electronics Technologies Co., Ltd. | 346,500.0% | TPEX:3465 |
Axis Corporation | 629,200.0% | TPEX:6292 |
China Electric Mfg. Corporation | 161,100.0% | TWSE:1611 |
Hengs Technology Co., Ltd. | 458,200.0% | TPEX:4582 |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
3617 | 2459 | 3465 | 6292 | 1611 | 4582 | |||
TWSE:3617 | TWSE:2459 | TPEX:3465 | TPEX:6292 | TWSE:1611 | TPEX:4582 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 35.2% | 4.8% | NM- | -2.1% | -26.8% | NM- | ||
3Y CAGR | NM- | 2.0% | -62.6% | -8.2% | -16.8% | NM- | ||
Latest Twelve Months | 25.3% | -9.8% | 52.6% | -75.8% | -14.7% | -140.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 8.7% | 8.7% | -44.6% | 16.7% | 12.9% | 6.0% | ||
Prior Fiscal Year | 12.5% | 7.8% | 1.0% | 18.9% | 11.0% | 0.9% | ||
Latest Fiscal Year | 18.3% | 10.9% | 1.7% | 17.4% | 13.8% | -0.7% | ||
Latest Twelve Months | 17.2% | 11.0% | 3.3% | 8.0% | 12.3% | -0.7% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 9.0x | 2.9x | 21.4x | 10.8x | 25.6x | -23.7x | ||
Price / LTM Sales | 2.0x | 1.2x | 1.1x | 2.1x | 3.5x | 1.4x | ||
LTM P/E Ratio | 11.7x | 11.2x | 32.5x | 26.2x | 28.5x | -196.8x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 11.2x | 26.2x | 32.5x | |||||
Historical LTM P/E Ratio | -196.8x | 13.2x | 28.9x | |||||
Selected P/E Multiple | -103.4x | -108.9x | -114.3x | |||||
(x) LTM Net Income | (7) | (7) | (7) | |||||
(=) Equity Value | 690 | 726 | 762 | |||||
(/) Shares Outstanding | 66.6 | 66.6 | 66.6 | |||||
Implied Value Range | 10.35 | 10.90 | 11.44 | |||||
FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 10.35 | 10.90 | 11.44 | 19.80 | ||||
Upside / (Downside) | -47.7% | -45.0% | -42.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 3617 | 2459 | 3465 | 6292 | 1611 | 4582 | |
Value of Common Equity | 24,870 | 5,987 | 1,830 | 2,146 | 4,050 | 1,319 | |
(/) Shares Outstanding | 94.2 | 105.6 | 35.3 | 46.6 | 322.7 | 66.6 | |
Implied Stock Price | 264.11 | 56.70 | 51.80 | 46.05 | 12.55 | 19.80 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 264.11 | 56.70 | 51.80 | 46.05 | 12.55 | 19.80 | |
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 |