International CSRC Investment Holdings Co., Ltd.

TWSE:2104 Stock Report

Market Cap: NT$15.0b

International CSRC Investment Holdings Valuation

Is 2104 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 2104 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2104's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2104's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2104?

Key metric: As 2104 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2104. This is calculated by dividing 2104's market cap by their current revenue.
What is 2104's PS Ratio?
PS Ratio0.8x
SalesNT$18.55b
Market CapNT$15.03b

Price to Sales Ratio vs Peers

How does 2104's PS Ratio compare to its peers?

The above table shows the PS ratio for 2104 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
1304 USI
0.3x3.6%NT$14.4b
1710 Oriental Union Chemical
0.6x9.3%NT$14.4b
1312 Grand Pacific Petrochemical
0.8xn/aNT$13.1b
1313 UPC Technology
0.2xn/aNT$14.7b
2104 International CSRC Investment Holdings
0.8xn/aNT$15.0b

Price-To-Sales vs Peers: 2104 is expensive based on its Price-To-Sales Ratio (0.8x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does 2104's PS Ratio compare vs other companies in the TW Chemicals Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
1313 UPC Technology
0.2xn/aUS$452.24m
1304 USI
0.3x3.6%US$442.57m
1718 China Man-Made Fiber
0.3xn/aUS$344.24m
1309 Taita Chemical Company
0.4x2.6%US$200.22m
No more companies available in this PS range
2104 0.8xIndustry Avg. 1.8xNo. of Companies14PS01.63.24.86.48+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2104 is good value based on its Price-To-Sales Ratio (0.8x) compared to the TW Chemicals industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 2104'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.

2104 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2104'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.

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