Yulon Motor Company Ltd.

TWSE:2201 Stock Report

Market Cap: NT$59.5b

Yulon Motor Valuation

Is 2201 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 2201 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2201 (NT$57.4) is trading above our estimate of fair value (NT$14.43)

Significantly Below Fair Value: 2201 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2201?

Key metric: As 2201 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2201. This is calculated by dividing 2201's market cap by their current earnings.
What is 2201's PE Ratio?
PE Ratio13.6x
EarningsNT$4.50b
Market CapNT$59.50b

Price to Earnings Ratio vs Peers

How does 2201's PE Ratio compare to its peers?

The above table shows the PE ratio for 2201 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.5x
2204 China Motor
9.7xn/aNT$40.5b
2227 Yulon Nissan Motor
20.5xn/aNT$27.3b
2206 Sanyang Motor
10.9xn/aNT$57.3b
1319 Tong Yang Industry
16.7x7.6%NT$65.9b
2201 Yulon Motor
13.6xn/aNT$59.5b

Price-To-Earnings vs Peers: 2201 is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (14.5x).

Price to Earnings Ratio vs Industry

How does 2201's PE Ratio compare vs other companies in the Asian Auto Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
2201 13.6xIndustry Avg. 17.9xNo. of Companies10PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2201 is good value based on its Price-To-Earnings Ratio (13.6x) compared to the Asian Auto industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is 2201'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.

2201 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2201'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?

The above table shows the analyst 2201 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$57.40
NT$71.00
+23.7%
4.2%NT$74.00NT$68.00n/a2
Nov ’25NT$58.30
NT$71.00
+21.8%
4.2%NT$74.00NT$68.00n/a2
Oct ’25NT$59.80
NT$71.00
+18.7%
4.2%NT$74.00NT$68.00n/a2
Sep ’25NT$54.50
NT$71.00
+30.3%
4.2%NT$74.00NT$68.00n/a2
Aug ’25NT$61.30
NT$79.50
+29.7%
6.9%NT$85.00NT$74.00n/a2
Jul ’25NT$66.70
NT$79.50
+19.2%
6.9%NT$85.00NT$74.00n/a2
Jun ’25NT$70.50
NT$79.50
+12.8%
6.9%NT$85.00NT$74.00n/a2
May ’25NT$68.70
NT$86.00
+25.2%
14.0%NT$98.00NT$74.00n/a2
Apr ’25NT$68.30
NT$94.50
+38.4%
3.7%NT$98.00NT$91.00n/a2
Mar ’25NT$70.70
NT$94.50
+33.7%
3.7%NT$98.00NT$91.00n/a2
Feb ’25NT$70.70
NT$94.50
+33.7%
3.7%NT$98.00NT$91.00n/a2
Jan ’25NT$74.80
NT$94.50
+26.3%
3.7%NT$98.00NT$91.00n/a2
Dec ’24NT$77.10
NT$94.50
+22.6%
3.7%NT$98.00NT$91.00n/a2
Nov ’24NT$75.00
NT$94.50
+26.0%
3.7%NT$98.00NT$91.00NT$58.302
Oct ’24NT$83.00
NT$94.50
+13.9%
3.7%NT$98.00NT$91.00NT$59.802
Sep ’24NT$85.30
NT$94.50
+10.8%
3.7%NT$98.00NT$91.00NT$54.502

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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