Hengs Technology Valuation

Q: What is the Fair Price of 4582 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

4582 (NT$24.95) is trading below our estimate of [[fair value]] (NT$852.95)

Is 4582 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 4582 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4582 (NT$24.95) is trading below our estimate of fair value (NT$852.95)

Significantly Below Fair Value: 4582 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4582?

Key metric: As 4582 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 4582. This is calculated by dividing 4582's market cap by their current revenue.
What is 4582's PS Ratio?
PS Ratio	1.6x
Sales	NT$1.02b
Market Cap	NT$1.66b

4582 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	2x
Enterprise Value/EBITDA	-56x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 4582's PS Ratio compare to its peers?

The above table shows the PS ratio for 4582 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.9x
2440 Space Shuttle Hi-Tech	0.5x	n/a	NT$1.9b
3550 Copartner Technology	0.5x	n/a	NT$1.8b
6839 Power Master II Holdings	1.2x	n/a	NT$2.0b
4972 Tons Lightology	1.3x	n/a	NT$1.5b
4582 Hengs Technology	1.6x	n/a	NT$1.7b

Price-To-Sales vs Peers: 4582 is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does 4582's PS Ratio compare vs other companies in the TW Electrical Industry?

0 Companies	Price / Sales	Estimated Growth	Market Cap

No more companies available in this PS range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 4582 is good value based on its Price-To-Sales Ratio (1.6x) compared to the TW Electrical industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is 4582'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.

4582 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 4582'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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