Hiwin Technologies Corporation

TWSE:2049 Stock Report

Market Cap: NT$86.3b

Hiwin Technologies Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 2049 (NT$244) is trading above our estimate of future cash flow value (NT$223.32)

Significantly Below Future Cash Flow Value: 2049 is trading above our estimate of future cash flow 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 Ratio56.6x
EarningsNT$1.53b
Market CapNT$86.33b

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 Average77.2x
1560 Kinik
49.3x24.81%NT$67.0b
4583 Apex Dynamics
53.4x8.78%NT$51.4b
2467 C Sun Mfg
66.9x39.73%NT$55.6b
8996 Kaori Heat Treatment
139x60.82%NT$84.1b
2049 Hiwin Technologies
56.6x28.82%NT$86.3b

Price-To-Earnings vs Peers: 2049 is good value based on its Price-To-Earnings Ratio (56.6x) compared to the peer average (77.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

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 56.6xIndustry Avg. 25.9xNo. of Companies20PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2049 is expensive based on its Price-To-Earnings Ratio (56.6x) compared to the TW Machinery industry average (25.7x).

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 Ratio56.6x
Fair PE Ratio37.3x

Price-To-Earnings vs Fair Ratio: 2049 is expensive based on its Price-To-Earnings Ratio (56.6x) compared to the estimated Fair Price-To-Earnings Ratio (37.3x).

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$244.00
NT$255.27
+4.62%
22.41%NT$340.00NT$127.00n/a15
Mar ’27NT$230.00
NT$233.27
+1.42%
22.39%NT$308.00NT$127.00n/a15
Feb ’27NT$250.00
NT$218.19
-12.72%
22.69%NT$308.00NT$125.00n/a16
Jan ’27NT$194.00
NT$207.81
+7.12%
18.82%NT$280.00NT$125.00n/a16
Dec ’26NT$191.50
NT$207.81
+8.52%
18.82%NT$280.00NT$125.00n/a16
Nov ’26NT$223.50
NT$218.13
-2.40%
21.51%NT$285.00NT$112.00n/a16
Oct ’26NT$214.50
NT$217.31
+1.31%
21.56%NT$285.00NT$112.00n/a16
Sep ’26NT$207.00
NT$213.94
+3.35%
21.88%NT$280.00NT$112.00n/a16
Aug ’26NT$213.00
NT$221.88
+4.17%
22.75%NT$280.00NT$110.00n/a16
Jul ’26NT$209.00
NT$235.25
+12.56%
25.93%NT$360.00NT$110.00n/a16
Jun ’26NT$224.50
NT$239.50
+6.68%
26.32%NT$360.00NT$110.00n/a16
May ’26NT$220.00
NT$294.56
+33.89%
28.01%NT$400.00NT$127.00n/a16
Apr ’26NT$241.50
NT$295.06
+22.18%
27.63%NT$400.00NT$135.00n/a16
Mar ’26NT$313.00
NT$298.25
-4.71%
28.65%NT$416.00NT$150.00NT$230.0016
Feb ’26n/a
NT$254.25
0%
21.44%NT$360.00NT$155.00NT$250.0016
Jan ’26NT$329.00
NT$246.63
-25.04%
22.46%NT$360.00NT$155.00NT$194.0016
Dec ’25NT$231.50
NT$241.63
+4.37%
19.89%NT$310.00NT$155.00NT$191.5016
Nov ’25NT$236.00
NT$225.87
-4.29%
20.72%NT$304.00NT$155.00NT$223.5015
Oct ’25NT$214.50
NT$223.87
+4.37%
20.66%NT$304.00NT$155.00NT$214.5015
Sep ’25NT$216.00
NT$226.73
+4.97%
21.20%NT$312.00NT$155.00NT$207.0015
Aug ’25NT$211.00
NT$244.93
+16.08%
19.93%NT$319.00NT$160.00NT$213.0015
Jul ’25NT$208.00
NT$250.50
+20.43%
19.59%NT$319.00NT$160.00NT$209.0014
Jun ’25NT$222.50
NT$260.57
+17.11%
17.89%NT$319.00NT$160.00NT$224.5014
May ’25NT$231.50
NT$271.21
+17.16%
17.74%NT$342.00NT$165.00NT$220.0014
Apr ’25NT$275.00
NT$272.67
-0.85%
17.58%NT$342.00NT$165.00NT$241.5015
Mar ’25NT$238.00
NT$266.50
+11.97%
17.95%NT$342.00NT$165.00NT$313.0014
NT$255.27
Fair Value
4.4% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/12 00:48
End of Day Share Price 2026/03/12 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Hiwin Technologies Corporation is covered by 25 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
Sebastian HouBarclays
Tomohiko SanoBarclays
Ming-Hsun LeeBofA Global Research