Prime Oil Chemical Service Valuation

Is 2904 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 2904 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2904 (NT$18.15) is trading below our estimate of fair value (NT$34.41)

Significantly Below Fair Value: 2904 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2904?

Key metric: As 2904 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2904. This is calculated by dividing 2904's market cap by their current earnings.
What is 2904's PE Ratio?
PE Ratio	18.8x
Earnings	NT$75.13m
Market Cap	NT$1.41b

2904 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	3.8x
Enterprise Value/EBITDA	6.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 2904's PE Ratio compare to its peers?

The above table shows the PE ratio for 2904 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	32x
GTMA.Y Grupo TMM	10.1x	n/a	US$41.5m
A053620 TAEYANG	11.4x	n/a	₩49.7b
VL V.L. Enterprise	15.9x	n/a	฿1.5b
PTLE PTL	90.7x	n/a	US$61.4m
2904 Prime Oil Chemical Service	18.8x	n/a	NT$1.4b

Price-To-Earnings vs Peers: 2904 is good value based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (25.7x).

Price to Earnings Ratio vs Industry

How does 2904's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?

8 Companies	Price / Earnings	Estimated Growth	Market Cap

8 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 2904 is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the Asian Oil and Gas industry average (10.5x).

Price to Earnings Ratio vs Fair Ratio

What is 2904'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.

2904 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2904'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.