BIONET Valuation

Is 1784 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 1784 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1784 (NT$92.8) is trading below our estimate of fair value (NT$144.62)

Significantly Below Fair Value: 1784 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1784?

Key metric: As 1784 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1784. This is calculated by dividing 1784's market cap by their current earnings.
What is 1784's PE Ratio?
PE Ratio84.3x
EarningsNT$55.72m
Market CapNT$4.70b

Price to Earnings Ratio vs Peers

How does 1784's PE Ratio compare to its peers?

The above table shows the PE ratio for 1784 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27x
8403 ShareHope Medicine
24xn/aNT$3.8b
6637 Medical Imaging
17.8xn/aNT$2.5b
6879 TCI GENE
49.3xn/aNT$1.3b
3218 Universal Vision Biotechnology
16.9x10.0%NT$18.3b
1784 BIONET
84.3xn/aNT$4.7b

Price-To-Earnings vs Peers: 1784 is expensive based on its Price-To-Earnings Ratio (84.3x) compared to the peer average (27x).


Price to Earnings Ratio vs Industry

How does 1784's PE Ratio compare vs other companies in the Asian Healthcare Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1784 84.3xIndustry Avg. 21.2xNo. of Companies48PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1784 is expensive based on its Price-To-Earnings Ratio (84.3x) compared to the Asian Healthcare industry average (21.2x).


Price to Earnings Ratio vs Fair Ratio

What is 1784'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.

1784 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio84.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1784'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.


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