Chang Jia M&E Engineering Corp.

TPEX:4550 Stock Report

Market Cap: NT$1.1b

Chang Jia M&E Engineering Valuation

Is 4550 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 4550 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4550 (NT$28.75) is trading below our estimate of fair value (NT$658.72)

Significantly Below Fair Value: 4550 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4550?

Key metric: As 4550 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4550. This is calculated by dividing 4550's market cap by their current earnings.
What is 4550's PE Ratio?
PE Ratio11.9x
EarningsNT$91.61m
Market CapNT$1.09b

Price to Earnings Ratio vs Peers

How does 4550's PE Ratio compare to its peers?

The above table shows the PE ratio for 4550 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.2x
6750 Tech-Top Engineering
11.1xn/aNT$1.0b
2516 New Asia Construction & Development
23.7xn/aNT$3.0b
3052 Apex Science & Engineering
12.1xn/aNT$2.5b
6883 Micro Electricity
53.9xn/aNT$4.4b
4550 Chang Jia M&E Engineering
11.9xn/aNT$1.1b

Price-To-Earnings vs Peers: 4550 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (25.2x).

Price to Earnings Ratio vs Industry

How does 4550's PE Ratio compare vs other companies in the TW Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
4550 11.9xIndustry Avg. 16.3xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4550 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the TW Construction industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is 4550'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.

4550 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 4550'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.

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