Sun Brothers Development Co., Limited

TPEX:3489 Stock Report

Market Cap: NT$2.2b

Sun Brothers Development Valuation

Is 3489 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-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 3489 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3489 (NT$24.65) is trading above our estimate of fair value (NT$6.17)

Significantly Below Fair Value: 3489 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3489?

Key metric: As 3489 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3489. This is calculated by dividing 3489's market cap by their current revenue.
What is 3489's PS Ratio?
PS Ratio2.6x
SalesNT$856.56m
Market CapNT$2.23b

Price to Sales Ratio vs Peers

How does 3489's PS Ratio compare to its peers?

The above table shows the PS ratio for 3489 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.9x
3018 Lung Ming Green Energy Technology Engineering
4.3xn/aNT$2.5b
3052 Apex Science & Engineering
0.7xn/aNT$2.4b
2509 Chainqui Construction Development
5xn/aNT$3.8b
6692 Acmepoint Energy ServicesLTD
1.6xn/aNT$2.2b
3489 Sun Brothers Development
2.6xn/aNT$2.2b

Price-To-Sales vs Peers: 3489 is good value based on its Price-To-Sales Ratio (2.6x) compared to the peer average (2.9x).

Price to Sales Ratio vs Industry

How does 3489's PS Ratio compare vs other companies in the TW Construction Industry?

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
No more companies available in this PS range
3489 2.6xIndustry Avg. 1.2xNo. of Companies7PS012345+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3489 is expensive based on its Price-To-Sales Ratio (2.6x) compared to the TW Construction industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is 3489'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.

3489 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3489'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.

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