TES Touch Embedded Solutions (Xiamen) Valuation

Q: What is the Fair Price of 003019 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

003019 (CN¥24.97) is trading below our estimate of [[fair value]] (CN¥58.22)

Is 003019 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 003019 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 003019 (CN¥24.97) is trading below our estimate of fair value (CN¥58.22)

Significantly Below Fair Value: 003019 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 003019?

Key metric: As 003019 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 003019. This is calculated by dividing 003019's market cap by their current earnings.
What is 003019's PE Ratio?
PE Ratio	18.6x
Earnings	CN¥228.13m
Market Cap	CN¥4.25b

003019 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.1x
Enterprise Value/EBITDA	15.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 003019's PE Ratio compare to its peers?

The above table shows the PE ratio for 003019 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	74.4x
002908 Guangdong Tecsun Science & TechnologyLtd	128.3x	n/a	CN¥4.0b
688160 Kinco Automation (Shanghai)Ltd	82x	n/a	CN¥4.1b
002658 Beijing SDL TechnologyLtd	28.7x	27.1%	CN¥4.5b
301413 Shenzhen Ampron Technology	58.7x	n/a	CN¥4.8b
003019 TES Touch Embedded Solutions (Xiamen)	18.6x	n/a	CN¥4.2b

Price-To-Earnings vs Peers: 003019 is good value based on its Price-To-Earnings Ratio (18.6x) compared to the peer average (74.4x).

Price to Earnings Ratio vs Industry

How does 003019's PE Ratio compare vs other companies in the CN Electronic Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 003019 is good value based on its Price-To-Earnings Ratio (18.6x) compared to the CN Electronic industry average (47.8x).

Price to Earnings Ratio vs Fair Ratio

What is 003019's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

003019 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 003019's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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