Makalot Industrial Valuation

Is 1477 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-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 1477 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1477 (NT$335) is trading above our estimate of fair value (NT$334.12)

Significantly Below Fair Value: 1477 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1477?

Key metric: As 1477 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1477. This is calculated by dividing 1477's market cap by their current earnings.
What is 1477's PE Ratio?
PE Ratio	20.3x
Earnings	NT$4.06b
Market Cap	NT$82.64b

1477 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	13.8x
PEG Ratio	1.7x

Price to Earnings Ratio vs Peers

How does 1477's PE Ratio compare to its peers?

The above table shows the PE ratio for 1477 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	80.7x
8932 Wiselink	199.9x	n/a	NT$29.0b
4438 Quang Viet Enterprise	28x	63.1%	NT$10.2b
4441 Great Giant Fibre Garment	16.2x	n/a	NT$14.3b
8404 Paiho Shih Holdings	78.7x	n/a	NT$11.0b
1477 Makalot Industrial	20.3x	12.1%	NT$82.6b

Price-To-Earnings vs Peers: 1477 is good value based on its Price-To-Earnings Ratio (20.3x) compared to the peer average (80.7x).

Price to Earnings Ratio vs Industry

How does 1477's PE Ratio compare vs other companies in the TW Luxury Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
1445 Universal Textile	2.3x	n/a	US$67.71m
4420 Kwang Ming Silk Mill	1.3x	n/a	US$66.19m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 1477 is good value based on its Price-To-Earnings Ratio (20.3x) compared to the TW Luxury industry average (22.8x).

Price to Earnings Ratio vs Fair Ratio

What is 1477'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.

1477 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	20.3x
Fair PE Ratio	17.5x

Price-To-Earnings vs Fair Ratio: 1477 is expensive based on its Price-To-Earnings Ratio (20.3x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

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 1477 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NT$335.00	NT$418.07 +24.8%	16.1%	NT$566.67	NT$339.00	n/a	14
Nov ’25	NT$314.00	NT$432.81 +37.8%	16.0%	NT$566.67	NT$339.00	n/a	14
Oct ’25	NT$361.00	NT$456.38 +26.4%	12.1%	NT$566.67	NT$353.00	n/a	14
Sep ’25	NT$375.98	NT$456.93 +21.5%	12.0%	NT$566.67	NT$352.94	n/a	14
Aug ’25	NT$440.69	NT$450.98 +2.3%	12.2%	NT$566.67	NT$352.94	n/a	14
Jul ’25	NT$423.53	NT$438.80 +3.6%	11.3%	NT$566.67	NT$352.94	n/a	14
Jun ’25	NT$377.45	NT$430.18 +14.0%	9.8%	NT$519.61	NT$352.94	n/a	14
May ’25	NT$384.31	NT$423.46 +10.2%	9.9%	NT$514.71	NT$352.94	n/a	14
Apr ’25	NT$367.16	NT$414.71 +13.0%	9.8%	NT$514.71	NT$352.94	n/a	15
Mar ’25	NT$366.18	NT$408.63 +11.6%	9.0%	NT$514.71	NT$352.94	n/a	15
Feb ’25	NT$354.90	NT$406.54 +14.5%	9.1%	NT$514.71	NT$352.94	n/a	15
Jan ’25	NT$347.55	NT$408.56 +17.6%	12.3%	NT$544.12	NT$343.14	n/a	15
Dec ’24	NT$350.98	NT$403.79 +15.0%	13.0%	NT$544.12	NT$343.14	n/a	15
Nov ’24	NT$358.82	NT$398.81 +11.1%	12.6%	NT$544.12	NT$343.14	NT$314.00	14
Oct ’24	NT$329.41	NT$368.69 +11.9%	13.8%	NT$495.10	NT$232.35	NT$361.00	15
Sep ’24	NT$320.59	NT$355.03 +10.7%	11.9%	NT$441.18	NT$232.35	NT$375.98	15
Aug ’24	NT$302.45	NT$326.68 +8.0%	16.9%	NT$399.02	NT$225.49	NT$440.69	14
Jul ’24	NT$296.08	NT$257.52 -13.0%	15.7%	NT$323.53	NT$189.22	NT$423.53	12
Jun ’24	NT$218.14	NT$244.49 +12.1%	13.8%	NT$316.67	NT$189.22	NT$377.45	13
May ’24	NT$218.14	NT$239.37 +9.7%	15.0%	NT$316.67	NT$189.22	NT$384.31	13
Apr ’24	NT$211.76	NT$239.37 +13.0%	15.0%	NT$316.67	NT$189.22	NT$367.16	13
Mar ’24	NT$211.27	NT$244.80 +15.9%	11.9%	NT$277.45	NT$189.22	NT$366.18	13
Feb ’24	NT$212.25	NT$238.38 +12.3%	14.5%	NT$277.45	NT$176.47	NT$354.90	14
Jan ’24	NT$228.43	NT$235.29 +3.0%	14.7%	NT$277.45	NT$176.47	NT$347.55	14
Dec ’23	NT$230.39	NT$233.54 +1.4%	16.1%	NT$277.45	NT$164.71	NT$350.98	14
Nov ’23	NT$199.51	NT$208.89 +4.7%	17.3%	NT$269.61	NT$164.71	NT$358.82	14

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.