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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 13.5x - 14.9x | 14.2x |
Selected Fwd P/E Multiple | 12.4x - 13.7x | 13.1x |
Fair Value | NT$ 104.54 - NT$ 115.54 | NT$ 110.04 |
Upside | -11.0% - -1.7% | -6.4% |
Benchmarks | - | Full Ticker |
Hotai Motor Co.,Ltd. | 220,700.0% | TWSE:2207 |
Wonder Pets Enterprises Corporation | 696,800.0% | TPEX:6968 |
Zhen Yu Hardware Co., Ltd. | 294,700.0% | TPEX:2947 |
Pan German Universal Motors Ltd. | 224,700.0% | TWSE:2247 |
Mister International Enterprise Corp. | 294,100.0% | TPEX:2941 |
Formosa Optical Technology Co.,Ltd. | 531,200.0% | TPEX:5312 |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
2207 | 6968 | 2947 | 2247 | 2941 | 5312 | |||
TWSE:2207 | TPEX:6968 | TPEX:2947 | TWSE:2247 | TPEX:2941 | TPEX:5312 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 11.7% | NM- | -4.7% | 21.4% | NM- | 5.5% | ||
3Y CAGR | 8.1% | 16.3% | -15.5% | 15.9% | 10.5% | 19.5% | ||
Latest Twelve Months | -10.5% | 21.4% | 49.0% | 7.9% | -14.2% | 18.4% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 5.3% | 3.3% | 4.6% | 3.1% | 7.4% | 9.8% | ||
Prior Fiscal Year | 8.2% | 3.3% | 2.3% | 3.5% | 7.8% | 10.8% | ||
Latest Fiscal Year | 7.3% | 3.5% | 3.1% | 3.4% | 6.1% | 12.5% | ||
Latest Twelve Months | 7.3% | 3.5% | 3.1% | 3.4% | 6.1% | 12.5% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 12.4x | 22.4x | 17.9x | 6.9x | 10.0x | 13.3x | ||
Price / LTM Sales | 1.1x | 0.9x | 0.7x | 0.4x | 1.1x | 1.8x | ||
LTM P/E Ratio | 15.0x | 25.4x | 22.2x | 11.5x | 18.8x | 14.7x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 11.5x | 18.8x | 25.4x | |||||
Historical LTM P/E Ratio | 10.8x | 13.5x | 14.7x | |||||
Selected P/E Multiple | 13.5x | 14.2x | 14.9x | |||||
(x) LTM Net Income | 495 | 495 | 495 | |||||
(=) Equity Value | 6,661 | 7,012 | 7,362 | |||||
(/) Shares Outstanding | 60.1 | 60.1 | 60.1 | |||||
Implied Value Range | 110.91 | 116.74 | 122.58 | |||||
FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 110.91 | 116.74 | 122.58 | 117.50 | ||||
Upside / (Downside) | -5.6% | -0.6% | 4.3% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 2207 | 6968 | 2947 | 2247 | 2941 | 5312 | |
Value of Common Equity | 315,877 | 2,557 | 1,484 | 22,800 | 939 | 7,057 | |
(/) Shares Outstanding | 557.1 | 43.6 | 19.3 | 80.7 | 15.4 | 60.1 | |
Implied Stock Price | 567.00 | 58.60 | 77.00 | 282.50 | 61.00 | 117.50 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 567.00 | 58.60 | 77.00 | 282.50 | 61.00 | 117.50 | |
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 |