Shin Zu Shing Co., Ltd.

TWSE:3376 Stock Report

Market Cap: NT$32.7b

Shin Zu Shing Valuation

Is 3376 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 3376 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3376 (NT$169.5) is trading above our estimate of fair value (NT$83.25)

Significantly Below Fair Value: 3376 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3376?

Other financial metrics that can be useful for relative valuation.

3376 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/Revenue2.8x
Enterprise Value/EBITDA19.2x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does 3376's PE Ratio compare to its peers?

The above table shows the PE ratio for 3376 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.9x
2421 Sunonwealth Electric Machine Industry
23.2x22.0%NT$30.8b
6944 Mega Union Technology
33.1xn/aNT$22.1b
2467 C Sun Mfg
40.2xn/aNT$20.0b
4583 Apex Dynamics
23.3xn/aNT$20.8b
3376 Shin Zu Shing
39.4x26.5%NT$32.7b

Price-To-Earnings vs Peers: 3376 is expensive based on its Price-To-Earnings Ratio (39.4x) compared to the peer average (29.9x).


Price to Earnings Ratio vs Industry

How does 3376's PE Ratio compare vs other companies in the TW Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 3376 is expensive based on its Price-To-Earnings Ratio (39.4x) compared to the TW Machinery industry average (22.6x).


Price to Earnings Ratio vs Fair Ratio

What is 3376'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.

3376 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.4x
Fair PE Ratio34.9x

Price-To-Earnings vs Fair Ratio: 3376 is expensive based on its Price-To-Earnings Ratio (39.4x) compared to the estimated Fair Price-To-Earnings Ratio (34.9x).


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 3376 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$169.50
NT$182.50
+7.7%
41.5%NT$300.00NT$95.00n/a4
Apr ’25NT$177.50
NT$182.50
+2.8%
41.5%NT$300.00NT$95.00n/a4
Mar ’25NT$185.50
NT$124.25
-33.0%
23.1%NT$160.00NT$95.00n/a4
Feb ’25NT$163.50
NT$124.25
-24.0%
23.1%NT$160.00NT$95.00n/a4
Jan ’25NT$123.50
NT$118.50
-4.0%
22.1%NT$160.00NT$95.00n/a4
Dec ’24NT$124.00
NT$118.50
-4.4%
22.1%NT$160.00NT$95.00n/a4
Nov ’24NT$92.20
NT$82.75
-10.2%
10.2%NT$96.00NT$74.00n/a4
Oct ’24NT$80.20
NT$78.33
-2.3%
5.3%NT$84.00NT$74.00n/a3
Sep ’24NT$85.50
NT$79.00
-7.6%
6.3%NT$84.00NT$74.00n/a2
Aug ’24NT$84.30
NT$82.00
-2.7%
2.4%NT$84.00NT$80.00n/a2
Jul ’24NT$90.40
NT$82.00
-9.3%
2.4%NT$84.00NT$80.00n/a2
Jun ’24NT$93.90
NT$83.67
-10.9%
3.4%NT$87.00NT$80.00n/a3
May ’24NT$87.40
NT$83.67
-4.3%
3.4%NT$87.00NT$80.00NT$174.003
Apr ’24NT$87.00
NT$83.67
-3.8%
3.4%NT$87.00NT$80.00NT$177.503
Mar ’24NT$89.60
NT$83.67
-6.6%
3.4%NT$87.00NT$80.00NT$185.503
Feb ’24NT$84.40
NT$83.67
-0.9%
3.4%NT$87.00NT$80.00NT$163.503
Jan ’24NT$81.60
NT$86.75
+6.3%
1.9%NT$88.00NT$84.00NT$123.504
Dec ’23NT$84.70
NT$86.75
+2.4%
1.9%NT$88.00NT$84.00NT$124.004
Nov ’23NT$77.60
NT$92.25
+18.9%
8.0%NT$105.00NT$88.00NT$92.204
Oct ’23NT$90.10
NT$92.25
+2.4%
8.0%NT$105.00NT$88.00NT$80.204
Sep ’23NT$88.10
NT$90.25
+2.4%
10.1%NT$105.00NT$80.00NT$85.504
Aug ’23NT$80.90
NT$89.00
+10.0%
8.8%NT$99.00NT$80.00NT$84.303
Jul ’23NT$79.40
NT$107.25
+35.1%
18.0%NT$130.00NT$80.00NT$90.404
Jun ’23NT$87.90
NT$108.50
+23.4%
16.2%NT$130.00NT$85.00NT$93.904
May ’23NT$83.80
NT$109.75
+31.0%
15.5%NT$130.00NT$85.00NT$87.404

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


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