Bai Sha Technology Valuation

Q: What is the Fair Price of 8401 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

8401 (NT$27.8) is trading below our estimate of [[fair value]] (NT$94.88)

Is 8401 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 8401 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8401 (NT$27.8) is trading below our estimate of fair value (NT$94.88)

Significantly Below Fair Value: 8401 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8401?

Key metric: As 8401 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8401. This is calculated by dividing 8401's market cap by their current earnings.
What is 8401's PE Ratio?
PE Ratio	11x
Earnings	NT$167.45m
Market Cap	NT$1.84b

8401 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	1x
Enterprise Value/EBITDA	5.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 8401's PE Ratio compare to its peers?

The above table shows the PE ratio for 8401 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	51.7x
6593 Taiwan Numerical Powers	106.2x	n/a	NT$2.0b
3284 Top High Image	12.5x	n/a	NT$3.1b
8481 Transart Graphics	22.1x	n/a	NT$3.4b
8440 E&E RecyclingInc	65.9x	n/a	NT$1.8b
8401 Bai Sha Technology	11x	n/a	NT$1.8b

Price-To-Earnings vs Peers: 8401 is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (51.7x).

Price to Earnings Ratio vs Industry

How does 8401's PE Ratio compare vs other companies in the TW Commercial Services Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 8401 is good value based on its Price-To-Earnings Ratio (11x) compared to the TW Commercial Services industry average (22.1x).

Price to Earnings Ratio vs Fair Ratio

What is 8401'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.

8401 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8401's Price-To-Earnings 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.