Cirtek Holdings Philippines Valuation

Q: What is the Fair Price of TCB2D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TCB2D (₱49) is trading below our estimate of [[fair value]] (₱1788.15)

Is TCB2D undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 TCB2D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TCB2D (₱49) is trading below our estimate of fair value (₱1788.15)

Significantly Below Fair Value: TCB2D is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TCB2D?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TCB2D. This is calculated by dividing TCB2D's market cap by their current preferred multiple.
What is TCB2D's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$16.15m

TCB2D 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	1.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does TCB2D's PS Ratio compare to its peers?

The above table shows the PS ratio for TCB2D 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	0.5x
SSP SFA Semicon Philippines	0.4x	n/a	₱4.4b
A123010 iWIN PLUSLTD	0.6x	n/a	₩21.1b
BIX Ellipsiz	0.5x	n/a	S$29.1m
A045300 Sungwoo Techron. Co.Ltd	0.7x	n/a	₩26.5b
TCB2D Cirtek Holdings Philippines	0.3x	n/a	₱941.4m

Price-To-Sales vs Peers: TCB2D is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.5x).

Price to Earnings Ratio vs Industry

How does TCB2D's PE Ratio compare vs other companies in the Asian Semiconductor Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	29.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	29.6%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: TCB2D is good value based on its Price-To-Sales Ratio (0.3x) compared to the Asian Semiconductor industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

What is TCB2D'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.

TCB2D PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TCB2D'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.