Powerchip Semiconductor Manufacturing Corp.

BDL:PSMCA Stock Report

Market Cap: US$2.2b

Powerchip Semiconductor Manufacturing Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: PSMCA ($8.1) is trading above our estimate of fair value ($0.23)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PSMCA. This is calculated by dividing PSMCA's market cap by their current revenue.
What is PSMCA's PS Ratio?
PS Ratio1.6x
SalesNT$44.76b
Market CapNT$73.09b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PSMCA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.1x
603005 China Wafer Level CSP
17x28.7%CN¥18.6b
600206 Grinm Advanced Materials
2.4x5.5%CN¥19.8b
AMBA Ambarella
11.9x21.4%US$2.6b
2344 Winbond Electronics
1x19.5%NT$81.2b
PSMCA Powerchip Semiconductor Manufacturing
1.6x11.9%US$73.1b

Price-To-Sales vs Peers: PSMCA is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (8.1x).

Price to Sales Ratio vs Industry

How does PSMCA's PS Ratio compare vs other companies in the European Semiconductor Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
PSMCA 1.6xIndustry Avg. 1.7xNo. of Companies8PS012345+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PSMCA is good value based on its Price-To-Sales Ratio (1.6x) compared to the European Semiconductor industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is PSMCA'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.

PSMCA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ration/a

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