Taiwanese Undervalued over 20% based on DCF

ASE Technology Holding

Market Cap: NT$1.7t

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

Cathay Financial Holding

Market Cap: NT$1.1t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

CTBC Financial Holding

Market Cap: NT$1.1t

Engages in corporate and personal finance, life insurance, and other businesses in Taiwan, Asia, and North America.

Unimicron Technology

Market Cap: NT$975.2b

Engages in the manufacturing, processing, and sale of printed circuit boards, electrical equipment, electronic products, and integrated circuit product testing and burn-in systems in Taiwan, China, Asia, the Americas, and internationally.

Phison Electronics

Market Cap: NT$361.8b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

KGI Financial Holding

Market Cap: NT$359.0b

Operates as a financial company in Taiwan and internationally.

Far EasTone Telecommunications

Market Cap: NT$341.1b

Engages in the provision of telecommunications and digital application services in Taiwan.

Largan Precision

Market Cap: NT$306.4b

Designs, manufactures, and sells precision optical plastic lenses in China, South Korea, Vietnam, Japan, Taiwan, and internationally.

Lotes

Market Cap: NT$254.1b

Designs, manufactures, and sells electronic interconnect and hardware components in Taiwan, Mainland China, and internationally.

GlobalWafers

Market Cap: NT$234.5b

Researches, develops, designs, manufactures and sells semiconductor ingots and wafers in Taiwan and internationally.

International Games SystemLtd

Market Cap: NT$216.7b

Plans, designs, researches, develops, manufactures, markets, services, and licenses arcade, online, and mobile games in Taiwan, the United Kingdom, Curacao, and Malta.

Wan Hai Lines

Market Cap: NT$216.4b

Operates as a fully containerized shipping company in Asia, the Middle East, India, Red Sea, the United States, and South America.

Tripod Technology

Market Cap: NT$197.1b

Processes, manufactures, and sells printed circuit boards and other related components in Taiwan, China, Vietnam, Thailand, South Korea, Malaysia, Mexico, and internationally.

Caliway Biopharmaceuticals

Market Cap: NT$173.9b

Engages in the development of drugs for aesthetic medicine and chronic inflammation.

E Ink Holdings

Market Cap: NT$164.6b

Researches, develops, manufactures, and sells electronic paper display panels worldwide.

Taiwan Business Bank

Market Cap: NT$149.2b

Engages in the provision of banking products and services to small and medium enterprise in Taiwan, the United States, Hong Kong, Australia, China, Cambodia, and Japan.

Far Eastern New Century

Market Cap: NT$142.6b

Manufactures and sells polyester materials and textiles in Taiwan, China, and internationally.

Walsin Lihwa

Market Cap: NT$140.3b

Engages in the manufacture and sale of wires and cables, and stainless-steel products in Asia, the United States, Europe, and internationally.

Chenbro Micom

Market Cap: NT$111.5b

Engages in the research and development, design, manufacture, processing, and sale of computer peripherals and their consumables and main systems in the United States, China, Taiwan, Singapore, Europe, and internationally.

Nien Made Enterprise

Market Cap: NT$104.3b

Engages in the research, development, design, manufacture, and sale of various types of window coverings and related components in the United States, Europe, and internationally.

Cheng Shin Rubber Ind

Market Cap: NT$102.6b

Together with subsidiaries, processes, manufactures, and trades in bicycle and electrical vehicle tires, reclaimed rubbers, rubbers and resins, and other rubber products.

Auras Technology

Market Cap: NT$91.1b

Engages in the manufacturing, processing, and retailing of electronic materials and computer cooling modules in China, Taiwan, Ireland, Singapore, the United States, and internationally.

Acter Group

Market Cap: NT$89.7b

Provides engineering services in Taiwan, Mainland China, and other Asian countries.

C Sun Mfg

Market Cap: NT$82.5b

Provides various processing equipment in Taiwan, China, and internationally.

Chipbond Technology

Market Cap: NT$78.9b

Engages in the research, development, manufacture, and sale of driver IC and non-driver IC packaging and testing services in Taiwan and internationally.

Micro-Star International

Market Cap: NT$76.7b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Feng Tay Enterprises

Market Cap: NT$75.9b

Manufactures and sells athletic shoes in Singapore, the United States, Mainland China, Switzerland, Mexico, and internationally.

Chung-Hsin Electric and Machinery Manufacturing

Market Cap: NT$74.4b

Chung-Hsin Electric and Machinery Manufacturing Corp.

Marketech International

Market Cap: NT$71.2b

Manufactures, sells, imports, and trades in a range of integrated circuits, semiconductors, electrical and computer equipment and materials, chemicals, gas, spare parts, and components in Taiwan, China, the United States, and internationally.

Tatung

Market Cap: NT$65.3b

Through its subsidiaries, provides energy saving and green energy related systems and services in Taiwan, Rest of Asia, Europe, America, and internationally.

Getac Holdings

Market Cap: NT$62.2b

Researches, develops, manufactures, and sells notebook computers and related products in China, the United States, Europe, and internationally.

Makalot Industrial

Market Cap: NT$54.1b

Operates as an apparel manufacturer in the United States and internationally.

POYA International

Market Cap: NT$53.3b

Operates a chain of retail stores in Taiwan.

Taiwan Secom

Market Cap: NT$51.5b

Provides security services in Taiwan.

Genius Electronic OpticalLtd

Market Cap: NT$51.4b

An investment holding company, engages in the manufacture, processing, and trade of optical instruments, molds, lighting equipment, and related spare parts in Taiwan and China.

Taiwan Puritic

Market Cap: NT$51.0b

Engages in the sale and maintenance of integrated circuit semiconductors, electronics, and computer equipment products in Taiwan.