Hsing Ta CementLtd Valuation

Is 1109 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 1109 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1109 (NT$18.35) is trading above our estimate of fair value (NT$5.98)

Significantly Below Fair Value: 1109 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1109?

Key metric: As 1109 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1109. This is calculated by dividing 1109's market cap by their current earnings.
What is 1109's PE Ratio?
PE Ratio	10.5x
Earnings	NT$593.62m
Market Cap	NT$6.24b

1109 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	0.7x
Enterprise Value/EBITDA	3.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 1109's PE Ratio compare to its peers?

The above table shows the PE ratio for 1109 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	23x
1108 Lucky Cement	14x	n/a	NT$5.9b
5520 Lih Tai Construction Enterprise	9.3x	n/a	NT$4.9b
1110 Southeast Cement	43.1x	n/a	NT$12.1b
1103 Chia Hsin Cement	25.5x	n/a	NT$11.9b
1109 Hsing Ta CementLtd	10.5x	n/a	NT$6.2b

Price-To-Earnings vs Peers: 1109 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (23x).

Price to Earnings Ratio vs Industry

How does 1109's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 1109 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the Asian Basic Materials industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is 1109'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.

1109 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1109'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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