Changs Ascending Enterprise Valuation

Q: What is the Fair Price of 8038 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

8038 (NT$27.05) is trading below our estimate of [[fair value]] (NT$29.63)

Is 8038 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 8038 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8038 (NT$27.05) is trading below our estimate of fair value (NT$29.63)

Significantly Below Fair Value: 8038 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 8038?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 8038. This is calculated by dividing 8038's market cap by their current preferred multiple.
What is 8038's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	n/a

8038 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	15.7x
Enterprise Value/EBITDA	-30.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 8038's PS Ratio compare to its peers?

The above table shows the PS ratio for 8038 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	3.4x
5227 Advanced Lithium Electrochemistry (Cayman)	4.9x	n/a	NT$2.7b
3308 Bestec Power Electronics	5.4x	n/a	NT$1.4b
3713 Hsinjing Holding	2.7x	n/a	NT$1.8b
5233 Amita Technologies	0.7x	n/a	NT$901.1m
8038 Changs Ascending Enterprise	13.2x	n/a	NT$1.7b

Price-To-Sales vs Peers: 8038 is expensive based on its Price-To-Sales Ratio (13.2x) compared to the peer average (3.4x).

Price to Earnings Ratio vs Industry

How does 8038's PE Ratio compare vs other companies in the TW Electrical Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	29.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	29.6%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: 8038 is expensive based on its Price-To-Sales Ratio (13.2x) compared to the TW Electrical industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is 8038'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.

8038 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	13.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 8038'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.