WT Microelectronics Valuation

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

WTMA ($17.6) is trading above our estimate of [[fair value]] ($6.03)

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

Below Fair Value: WTMA ($17.6) is trading above our estimate of fair value ($6.03)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for WTMA. This is calculated by dividing WTMA's market cap by their current earnings.
What is WTMA's PE Ratio?
PE Ratio	17.4x
Earnings	NT$7.35b
Market Cap	NT$127.79b

WTMA 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	0.2x
Enterprise Value/EBITDA	15.7x
PEG Ratio	0.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WTMA 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	32.4x
2347 Synnex Technology International	14.8x	13.9%	NT$124.6b
8060 Canon Marketing Japan	14x	3.4%	JP¥526.8b
AVT Avnet	13.8x	20.9%	US$4.7b
000062 Shenzhen Huaqiang Industry	87x	n/a	CN¥28.1b
WTMA WT Microelectronics	17.4x	45.6%	US$127.8b

Price-To-Earnings vs Peers: WTMA is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (32.8x).

Price to Earnings Ratio vs Industry

How does WTMA's PE Ratio compare vs other companies in the European Electronic Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: WTMA is good value based on its Price-To-Earnings Ratio (17.4x) compared to the European Electronic industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is WTMA'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.

WTMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.4x
Fair PE Ratio	n/a

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