Taeyang Metal Industrial Valuation

Q: What is the Fair Price of A004105 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

A004105 (₩4325) is trading above our estimate of [[fair value]] (₩146.27)

Is A004105 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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

Share Price vs Fair Value

What is the Fair Price of A004105 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A004105 (₩4325) is trading above our estimate of fair value (₩146.27)

Significantly Below Fair Value: A004105 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A004105?

Key metric: As A004105 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A004105. This is calculated by dividing A004105's market cap by their current revenue.
What is A004105's PS Ratio?
PS Ratio	0.2x
Sales	₩623.49b
Market Cap	₩102.17b

A004105 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	0.5x
Enterprise Value/EBITDA	9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does A004105's PS Ratio compare to its peers?

The above table shows the PS ratio for A004105 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.1x
A012860 Mobase ElectronicsLtd	0.1x	n/a	₩117.2b
A017370 Wooshin Systems	0.2x	3.1%	₩102.0b
A033530 Sjg SejongLtd	0.06x	n/a	₩114.0b
A067570 NVH Korea	0.07x	n/a	₩100.1b
A004105 Taeyang Metal Industrial	0.2x	n/a	₩102.2b

Price-To-Sales vs Peers: A004105 is expensive based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.1x).

Price to Sales Ratio vs Industry

How does A004105's PS Ratio compare vs other companies in the KR Auto Components Industry?

28 Companies	Price / Sales	Estimated Growth	Market Cap
A200880 Seoyon E-Hwa	0.09x	6.0%	US$241.27m
A005720 Nexen	0.08x	n/a	US$169.71m
A123040 MS AutotechLtd	0.08x	n/a	US$108.50m
A007860 Seoyon	0.03x	n/a	US$107.55m

28 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: A004105 is good value based on its Price-To-Sales Ratio (0.2x) compared to the KR Auto Components industry average (0.2x).

Price to Sales Ratio vs Fair Ratio

What is A004105's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A004105 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate A004105's Price-To-Sales 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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