Xu Yuan Packaging Technology Valuation

Q: What is the Fair Price of 8421 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

8421 (NT$15.85) is trading above our estimate of [[fair value]] (NT$13.23)

Is 8421 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 8421 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8421 (NT$15.85) is trading above our estimate of fair value (NT$13.23)

Significantly Below Fair Value: 8421 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8421?

Key metric: As 8421 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 8421. This is calculated by dividing 8421's market cap by their current revenue.
What is 8421's PS Ratio?
PS Ratio	0.7x
Sales	NT$1.23b
Market Cap	NT$859.85m

8421 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	1.2x
Enterprise Value/EBITDA	10.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 8421's PS Ratio compare to its peers?

The above table shows the PS ratio for 8421 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	1.7x
5267 Lung Pien Vacuum Industry	2x	n/a	NT$951.3m
4575 Chumpower Machinery	0.8x	n/a	NT$843.0m
6977 United Purification Technology	1.1x	n/a	NT$652.3m
6705 MARTAS Precision SlideLtd	2.8x	n/a	NT$970.3m
8421 Xu Yuan Packaging Technology	0.7x	n/a	NT$859.8m

Price-To-Sales vs Peers: 8421 is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.7x).

Price to Sales Ratio vs Industry

How does 8421's PS Ratio compare vs other companies in the TW Machinery Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
4578 Sogotec Precision	0.3x	n/a	US$8.09m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 8421 is good value based on its Price-To-Sales Ratio (0.7x) compared to the TW Machinery industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is 8421'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.

8421 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.7x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 8421'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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