TAIWAN CHELIC Valuation

Is 4555 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 4555 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4555 (NT$38.05) is trading above our estimate of fair value (NT$17.8)

Significantly Below Fair Value: 4555 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4555?

Key metric: As 4555 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 4555. This is calculated by dividing 4555's market cap by their current revenue.
What is 4555's PS Ratio?
PS Ratio	1.8x
Sales	NT$1.45b
Market Cap	NT$2.66b

4555 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	2.2x
Enterprise Value/EBITDA	29.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 4555's PS Ratio compare to its peers?

The above table shows the PS ratio for 4555 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	2.1x
6234 Tera Autotech	3.3x	n/a	NT$2.6b
5498 Key Ware Electronics	2.1x	n/a	NT$2.4b
1530 Awea mechantronicltd	1.5x	n/a	NT$3.1b
5015 Rodex Fasteners	1.6x	n/a	NT$2.3b
4555 TAIWAN CHELIC	1.8x	4.2%	NT$2.7b

Price-To-Sales vs Peers: 4555 is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does 4555'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: 4555 is good value based on its Price-To-Sales Ratio (1.8x) compared to the TW Machinery industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is 4555'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.

4555 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.8x
Fair PS Ratio	1x

Price-To-Sales vs Fair Ratio: 4555 is expensive based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (1x).

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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