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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 1.4x - 1.6x | 1.5x |
Selected Fwd Ps Multiple | 1.4x - 1.5x | 1.4x |
Fair Value | NT$ 94.22 - NT$ 104.13 | NT$ 99.18 |
Upside | -32.5% - -25.4% | -28.9% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Wonder Pets Enterprises Corporation | 696,800.0% | TPEX:6968 |
Hotai Motor Co.,Ltd. | 220,700.0% | TWSE:2207 |
Shan-Loong Transportation Co.,Ltd | 261,600.0% | TWSE:2616 |
North-Star International Co., LTD. | 892,700.0% | TPEX:8927 |
United Recommend International Co., Ltd. | 532,100.0% | TPEX:5321 |
Formosa Optical Technology Co.,Ltd. | 531,200.0% | TPEX:5312 |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
6968 | 2207 | 2616 | 8927 | 5321 | 5312 | |||
TPEX:6968 | TWSE:2207 | TWSE:2616 | TPEX:8927 | TPEX:5321 | TPEX:5312 | |||
Historical Sales Growth | ||||||||
5Y CAGR | NM- | 5.7% | -2.9% | 7.9% | 19.9% | 4.3% | ||
3Y CAGR | 24.0% | 4.6% | 1.0% | 20.4% | 7.5% | 10.9% | ||
Latest Twelve Months | 13.1% | 1.2% | -21.6% | 67.7% | 3.6% | 2.8% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 3.3% | 5.3% | 1.5% | 2.6% | 2.8% | 9.8% | ||
Prior Fiscal Year | 3.3% | 8.2% | 1.6% | 1.9% | 2.5% | 10.8% | ||
Latest Fiscal Year | 3.5% | 7.3% | 0.4% | 1.5% | 0.0% | 12.5% | ||
Latest Twelve Months | 3.5% | 7.3% | -1.8% | 4.3% | 0.0% | 12.5% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 22.8x | 13.2x | 17.8x | 18.7x | 11.9x | 15.4x | ||
Price / LTM Sales | 0.9x | 1.2x | 0.2x | 1.3x | 0.8x | 2.1x | ||
LTM P/E Ratio | 26.0x | 16.8x | -8.9x | 31.6x | 1598.4x | 16.9x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.2x | 0.9x | 1.3x | |||||
Historical LTM P/S Ratio | 1.1x | 1.3x | 2.1x | |||||
Selected Price / Sales Multiple | 1.4x | 1.5x | 1.6x | |||||
(x) LTM Sales | 3,972 | 3,972 | 3,972 | |||||
(=) Equity Value | 5,670 | 5,968 | 6,267 | |||||
(/) Shares Outstanding | 60.1 | 60.1 | 60.1 | |||||
Implied Value Range | 94.40 | 99.37 | 104.34 | |||||
FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 94.40 | 99.37 | 104.34 | 139.50 | ||||
Upside / (Downside) | -32.3% | -28.8% | -25.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 6968 | 2207 | 2616 | 8927 | 5321 | 5312 | |
Value of Common Equity | 2,618 | 344,847 | 2,120 | 16,748 | 2,545 | 8,378 | |
(/) Shares Outstanding | 43.6 | 557.1 | 135.9 | 369.3 | 53.2 | 60.1 | |
Implied Stock Price | 60.00 | 619.00 | 15.60 | 45.35 | 47.85 | 139.50 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 60.00 | 619.00 | 15.60 | 45.35 | 47.85 | 139.50 | |
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 |