Hiwin Technologies Corporation

TWSE:2049 Stock Report

Market Cap: NT$95.7b

Hiwin Technologies Valuation

Is 2049 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 2049 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2049 (NT$270.5) is trading above our estimate of fair value (NT$256.13)

Significantly Below Fair Value: 2049 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2049?

Key metric: As 2049 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2049. This is calculated by dividing 2049's market cap by their current earnings.
What is 2049's PE Ratio?
PE Ratio48.5x
EarningsNT$1.97b
Market CapNT$95.70b

Price to Earnings Ratio vs Peers

How does 2049's PE Ratio compare to its peers?

The above table shows the PE ratio for 2049 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.7x
4583 Apex Dynamics
58.4xn/aNT$60.0b
1590 Airtac International Group
22.5x11.7%NT$169.2b
3376 Shin Zu Shing
28.7x19.9%NT$35.7b
7750 Syntec Technology
29.1xn/aNT$33.0b
2049 Hiwin Technologies
48.5x25.9%NT$95.7b

Price-To-Earnings vs Peers: 2049 is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the peer average (34.7x).

Price to Earnings Ratio vs Industry

How does 2049's PE Ratio compare vs other companies in the TW Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
2049 48.5xIndustry Avg. 20.3xNo. of Companies12PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2049 is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the TW Machinery industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is 2049'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.

2049 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48.5x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: 2049 is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2049 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$270.50
NT$241.63
-10.7%
19.9%NT$310.00NT$155.00n/a16
Dec ’25NT$231.50
NT$241.63
+4.4%
19.9%NT$310.00NT$155.00n/a16
Nov ’25NT$236.00
NT$225.87
-4.3%
20.7%NT$304.00NT$155.00n/a15
Oct ’25NT$214.50
NT$223.87
+4.4%
20.7%NT$304.00NT$155.00n/a15
Sep ’25NT$216.00
NT$226.73
+5.0%
21.2%NT$312.00NT$155.00n/a15
Aug ’25NT$211.00
NT$244.93
+16.1%
19.9%NT$319.00NT$160.00n/a15
Jul ’25NT$208.00
NT$250.50
+20.4%
19.6%NT$319.00NT$160.00n/a14
Jun ’25NT$222.50
NT$260.57
+17.1%
17.9%NT$319.00NT$160.00n/a14
May ’25NT$231.50
NT$271.21
+17.2%
17.7%NT$342.00NT$165.00n/a14
Apr ’25NT$275.00
NT$272.67
-0.8%
17.6%NT$342.00NT$165.00n/a15
Mar ’25NT$238.00
NT$266.50
+12.0%
18.0%NT$342.00NT$165.00n/a14
Feb ’25NT$221.50
NT$246.00
+11.1%
17.2%NT$340.00NT$180.00n/a14
Jan ’25NT$235.00
NT$246.07
+4.7%
18.1%NT$340.00NT$160.00n/a14
Dec ’24NT$227.50
NT$247.00
+8.6%
17.5%NT$340.00NT$160.00NT$231.5015
Nov ’24NT$196.00
NT$248.20
+26.6%
17.3%NT$340.00NT$160.00NT$236.0015
Oct ’24NT$203.50
NT$252.80
+24.2%
17.0%NT$340.00NT$160.00NT$214.5015
Sep ’24NT$202.00
NT$261.56
+29.5%
13.3%NT$340.00NT$205.00NT$216.0016
Aug ’24NT$216.00
NT$286.63
+32.7%
12.1%NT$360.00NT$231.00NT$211.0016
Jul ’24NT$237.50
NT$290.38
+22.3%
11.1%NT$360.00NT$231.00NT$208.0016
Jun ’24NT$234.00
NT$290.38
+24.1%
11.1%NT$360.00NT$231.00NT$222.5016
May ’24NT$235.00
NT$289.64
+23.3%
13.5%NT$360.00NT$200.00NT$231.5014
Apr ’24NT$250.50
NT$287.86
+14.9%
13.7%NT$360.00NT$200.00NT$275.0014
Mar ’24NT$248.00
NT$271.00
+9.3%
20.0%NT$360.00NT$148.00NT$238.0013
Feb ’24NT$225.00
NT$214.42
-4.7%
22.7%NT$329.00NT$148.00NT$221.5012
Jan ’24NT$182.50
NT$199.15
+9.1%
21.1%NT$329.00NT$148.00NT$235.0013
Dec ’23NT$193.00
NT$210.87
+9.3%
21.9%NT$329.00NT$148.00NT$227.5015

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 05:55
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hiwin Technologies Corporation is covered by 29 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tomohiko SanoBarclays
Sebastian HouBarclays
Jenny TsaiBNP Paribas Securities (Asia)