Tong Yang Industry Co., Ltd.

TWSE:1319 Stock Report

Market Cap: NT$65.1b

Tong Yang Industry Valuation

Is 1319 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-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 1319 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1319 (NT$110) is trading below our estimate of fair value (NT$219.4)

Significantly Below Fair Value: 1319 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1319?

Key metric: As 1319 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1319. This is calculated by dividing 1319's market cap by their current earnings.
What is 1319's PE Ratio?
PE Ratio16.7x
EarningsNT$3.89b
Market CapNT$65.06b

Price to Earnings Ratio vs Peers

How does 1319's PE Ratio compare to its peers?

The above table shows the PE ratio for 1319 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
6605 Depo Auto Parts Industrial
13.6xn/aNT$40.3b
1522 TYC Brother Industrial
11.1xn/aNT$19.9b
6279 Hu Lane Associate
13.5x11.0%NT$17.1b
8255 Actron Technology
23.1x32.4%NT$16.8b
1319 Tong Yang Industry
16.7x7.6%NT$65.1b

Price-To-Earnings vs Peers: 1319 is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does 1319's PE Ratio compare vs other companies in the TW Auto Components Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
1319 16.7xIndustry Avg. 17.2xNo. of Companies12PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1319 is good value based on its Price-To-Earnings Ratio (16.7x) compared to the TW Auto Components industry average (17.2x).

Price to Earnings Ratio vs Fair Ratio

What is 1319'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.

1319 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.7x
Fair PE Ratio17.2x

Price-To-Earnings vs Fair Ratio: 1319 is good value based on its Price-To-Earnings Ratio (16.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1319 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$110.00
NT$123.60
+12.4%
7.5%NT$140.00NT$115.00n/a5
Nov ’25NT$108.50
NT$123.60
+13.9%
7.5%NT$140.00NT$115.00n/a5
Oct ’25NT$103.50
NT$121.40
+17.3%
7.8%NT$140.00NT$115.00n/a5
Sep ’25NT$95.90
NT$116.20
+21.2%
11.8%NT$140.00NT$102.00n/a5
Aug ’25NT$96.70
NT$116.20
+20.2%
11.8%NT$140.00NT$102.00n/a5
Jul ’25NT$108.00
NT$124.80
+15.6%
11.0%NT$140.00NT$102.00n/a5
Jun ’25NT$112.50
NT$124.80
+10.9%
11.0%NT$140.00NT$102.00n/a5
May ’25NT$119.00
NT$124.00
+4.2%
10.2%NT$140.00NT$102.00n/a6
Apr ’25NT$123.00
NT$113.50
-7.7%
13.9%NT$131.00NT$84.00n/a6
Mar ’25NT$100.50
NT$100.00
-0.5%
10.8%NT$120.00NT$84.00n/a6
Feb ’25NT$84.10
NT$97.33
+15.7%
6.9%NT$104.00NT$84.00n/a6
Jan ’25NT$76.00
NT$98.00
+28.9%
5.2%NT$104.00NT$90.00n/a4
Dec ’24NT$76.90
NT$96.50
+25.5%
4.0%NT$100.00NT$90.00n/a4
Nov ’24NT$74.00
NT$96.50
+30.4%
4.0%NT$100.00NT$90.00NT$108.504
Oct ’24NT$78.30
NT$91.25
+16.5%
4.7%NT$98.00NT$86.00NT$103.504
Sep ’24NT$66.40
NT$66.00
-0.6%
13.3%NT$77.00NT$53.00NT$95.904
Aug ’24NT$61.00
NT$58.50
-4.1%
6.7%NT$64.00NT$53.00NT$96.704
Jul ’24NT$52.70
NT$57.00
+8.2%
4.1%NT$59.00NT$53.00NT$108.004
Jun ’24NT$49.55
NT$54.67
+10.3%
4.3%NT$58.00NT$53.00NT$112.503
May ’24NT$47.65
NT$55.50
+16.5%
4.5%NT$58.00NT$53.00NT$119.002
Apr ’24NT$46.20
NT$55.50
+20.1%
4.5%NT$58.00NT$53.00NT$123.002
Mar ’24NT$42.05
NT$55.50
+32.0%
4.5%NT$58.00NT$53.00NT$100.502
Feb ’24NT$45.20
NT$55.50
+22.8%
4.5%NT$58.00NT$53.00NT$84.102
Jan ’24NT$43.10
NT$55.50
+28.8%
4.5%NT$58.00NT$53.00NT$76.002
Dec ’23NT$49.30
NT$54.00
+9.5%
18.3%NT$68.00NT$42.00NT$76.904
Nov ’23NT$46.20
NT$54.50
+18.0%
18.6%NT$68.00NT$42.00NT$74.004

Analyst Forecast: Target price is less than 20% higher than the current share price.

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