Union Bank of Taiwan Valuation

Q: What is the Fair Price of 2838A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2838A (NT$53.1) is trading below our estimate of [[fair value]] (NT$57.1)

Is 2838A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 2838A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2838A (NT$53.1) is trading below our estimate of fair value (NT$57.1)

Significantly Below Fair Value: 2838A is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2838A?

Key metric: As 2838A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2838A. This is calculated by dividing 2838A's market cap by their current earnings.
What is 2838A's PE Ratio?
PE Ratio	13.4x
Earnings	NT$4.96b
Market Cap	NT$66.30b

2838A 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 2838A's PE Ratio compare to its peers?

The above table shows the PE ratio for 2838A 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	12.1x
2845 Far Eastern International Bank	13.6x	n/a	NT$57.9b
2809 King's Town Bank	9.7x	7.0%	NT$54.0b
2812 Taichung Commercial Bank	12.5x	n/a	NT$103.5b
2834 Taiwan Business Bank	12.4x	n/a	NT$137.5b
2838A Union Bank of Taiwan	13.4x	n/a	NT$66.3b

Price-To-Earnings vs Peers: 2838A is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

How does 2838A's PE Ratio compare vs other companies in the Asian Banks Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 2838A is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the Asian Banks industry average (8.6x).

Price to Earnings Ratio vs Fair Ratio

What is 2838A'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.

2838A 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 2838A'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.