Yong Shun Chemical Co., Ltd

TPEX:4711 Stock Report

Market Cap: NT$973.8m

Yong Shun Chemical Valuation

Is 4711 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-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 4711 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4711 (NT$15.95) is trading above our estimate of fair value (NT$7.61)

Significantly Below Fair Value: 4711 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4711?

Key metric: As 4711 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 4711. This is calculated by dividing 4711's market cap by their current revenue.
What is 4711's PS Ratio?
PS Ratio1.3x
SalesNT$768.14m
Market CapNT$973.84m

Price to Sales Ratio vs Peers

How does 4711's PS Ratio compare to its peers?

The above table shows the PS ratio for 4711 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
1776 Headway Advanced Materials
0.9xn/aNT$1.1b
6434 TacBright Optronics
1.1xn/aNT$1.4b
1742 Taiwan Wax CompanyLtd
5.6xn/aNT$1.6b
6506 Shuang-Bang Industrial
0.8xn/aNT$1.5b
4711 Yong Shun Chemical
1.3x4.0%NT$973.8m

Price-To-Sales vs Peers: 4711 is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does 4711's PS Ratio compare vs other companies in the TW Chemicals Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
1313 UPC Technology
0.2xn/aUS$438.48m
1304 USI
0.3x3.6%US$436.14m
1718 China Man-Made Fiber
0.3xn/aUS$334.43m
1309 Taita Chemical Company
0.4x2.6%US$197.72m
No more companies available in this PS range
4711 1.3xIndustry Avg. 1.8xNo. of Companies13PS01.63.24.86.48+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 4711 is good value based on its Price-To-Sales Ratio (1.3x) compared to the TW Chemicals industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 4711'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.

4711 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: 4711 is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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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