SFA Semicon Valuation

Q: What is the Fair Price of A036540 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

A036540 (₩3285) is trading below our estimate of [[fair value]] (₩13201.58)

Is A036540 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 A036540 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A036540 (₩3285) is trading below our estimate of fair value (₩13201.58)

Significantly Below Fair Value: A036540 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A036540?

Key metric: As A036540 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A036540. This is calculated by dividing A036540's market cap by their current revenue.
What is A036540's PS Ratio?
PS Ratio	1.2x
Sales	₩431.70b
Market Cap	₩538.63b

A036540 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	1.2x
Enterprise Value/EBITDA	11.9x
PEG Ratio	2x

Price to Sales Ratio vs Peers

How does A036540's PS Ratio compare to its peers?

The above table shows the PS ratio for A036540 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	3x
A046890 Seoul Semiconductor	0.4x	3.3%	₩407.1b
A317330 DUKSAN TECHOPIALtd	6.7x	n/a	₩679.8b
A213420 Duk San NeoluxLtd	3.1x	13.3%	₩638.6b
A080220 Jeju Semiconductor	1.8x	n/a	₩305.5b
A036540 SFA Semicon	1.2x	18.4%	₩538.6b

Price-To-Sales vs Peers: A036540 is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does A036540's PS Ratio compare vs other companies in the KR Semiconductor Industry?

11 Companies	Price / Sales	Estimated Growth	Market Cap
A082850 Wooree BioLtd	0.1x	n/a	US$104.44m
A033160 MK Electron	0.1x	n/a	US$103.36m
A004710 Hansol Technics	0.1x	n/a	US$89.64m
A077500 Uniquest	0.2x	n/a	US$77.48m

11 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: A036540 is expensive based on its Price-To-Sales Ratio (1.2x) compared to the KR Semiconductor industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is A036540'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.

A036540 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.2x
Fair PS Ratio	0.7x

Price-To-Sales vs Fair Ratio: A036540 is expensive based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

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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