Alliance Material Valuation

Q: What is the Fair Price of 3595 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

3595 (NT$37.5) is trading above our estimate of [[fair value]] (NT$7.59)

Is 3595 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 3595 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3595 (NT$37.5) is trading above our estimate of fair value (NT$7.59)

Significantly Below Fair Value: 3595 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3595?

Key metric: As 3595 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3595. This is calculated by dividing 3595's market cap by their current revenue.
What is 3595's PS Ratio?
PS Ratio	5.3x
Sales	NT$190.43m
Market Cap	NT$1.01b

3595 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	5.7x
Enterprise Value/EBITDA	-104.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 3595's PS Ratio compare to its peers?

The above table shows the PS ratio for 3595 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	3x
4702 Allied Industrial	4.5x	n/a	NT$918.6m
6495 Nanoplus	3.6x	n/a	NT$1.3b
4765 Pancolour Ink	2.9x	n/a	NT$920.6m
4767 Cherng Tay Technology	0.9x	n/a	NT$1.1b
3595 Alliance Material	5.3x	n/a	NT$1.0b

Price-To-Sales vs Peers: 3595 is expensive based on its Price-To-Sales Ratio (5.3x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does 3595's PS Ratio compare vs other companies in the TW Chemicals Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
1313 UPC Technology	0.2x	n/a	US$442.45m
1304 USI	0.3x	3.6%	US$439.33m
1718 China Man-Made Fiber	0.3x	n/a	US$331.47m
1309 Taita Chemical Company	0.4x	2.6%	US$199.50m

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 3595 is expensive based on its Price-To-Sales Ratio (5.3x) compared to the TW Chemicals industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 3595'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.

3595 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	5.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3595's Price-To-Sales 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.

Discover undervalued companies

China General Plastics

NT$8.5b

Engages in the manufacture and marketing of petrochemical products in Asia, America, the Middle East, Europe, Africa, and Oceania.

1305

NT$14.70

-1.0%

-36.9%

Sesoda

NT$10.9b

Manufactures and markets sulfate of potash (SOP) in Taiwan.

1708

NT$43.85

4.0%

38.8%

Lucky Cement

NT$5.9b

Manufactures and sells cement in the People’s Republic of China.

1108

NT$14.50

0.7%

-3.3%