ASUSTeK Computer Valuation

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

Below Fair Value: ACMRS ($93.5) is trading above our estimate of fair value ($7.95)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ACMRS. This is calculated by dividing ACMRS's market cap by their current earnings.
What is ACMRS's PE Ratio?
PE Ratio	13.4x
Earnings	NT$33.68b
Market Cap	NT$450.86b

ACMRS 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	0.8x
Enterprise Value/EBITDA	12.5x
PEG Ratio	3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ACMRS 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	27.3x
992 Lenovo Group	13.6x	18.7%	HK$113.8b
3231 Wistron	21.9x	25.8%	NT$339.4b
LOGN Logitech International	16.5x	0.4%	CHF 10.2b
603019 Dawning Information Industry	57.2x	22.0%	CN¥106.1b
ACMRS ASUSTeK Computer	13.4x	4.4%	US$450.9b

Price-To-Earnings vs Peers: ACMRS is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (27.3x).

Price to Earnings Ratio vs Industry

How does ACMRS's PE Ratio compare vs other companies in the European Tech Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ACMRS is good value based on its Price-To-Earnings Ratio (13.4x) compared to the Global Tech industry average (22.3x).

Price to Earnings Ratio vs Fair Ratio

What is ACMRS'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.

ACMRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ACMRS'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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