Swancor Holding Valuation
Is 3708 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
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 3708 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3708 (NT$102.5) is trading above our estimate of fair value (NT$33.19)
Significantly Below Fair Value: 3708 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3708?
Key metric: As 3708 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 3708's PE Ratio? | |
|---|---|
| PE Ratio | 57.2x |
| Earnings | NT$196.31m |
| Market Cap | NT$11.23b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 18.1x |
| PEG Ratio | 0.7x |
Price to Earnings Ratio vs Peers
How does 3708's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 43x | ||
1711 Everlight Chemical Industrial | 65.9x | n/a | NT$12.7b |
4755 San Fu Chemical | 27.6x | 20.6% | NT$12.3b |
4739 Coremax | 61.9x | n/a | NT$7.3b |
6509 Taiwan Hopax Chemicals Manufacturing | 16.5x | n/a | NT$8.4b |
3708 Swancor Holding | 57.2x | 79.0% | NT$11.2b |
Price-To-Earnings vs Peers: 3708 is expensive based on its Price-To-Earnings Ratio (57.2x) compared to the peer average (43x).
Price to Earnings Ratio vs Industry
How does 3708's PE Ratio compare vs other companies in the TW Chemicals Industry?
| 0 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|
| 0 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: 3708 is expensive based on its Price-To-Earnings Ratio (57.2x) compared to the TW Chemicals industry average (22.1x).
Price to Earnings Ratio vs Fair Ratio
What is 3708'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 57.2x |
| Fair PE Ratio | 61.9x |
Price-To-Earnings vs Fair Ratio: 3708 is good value based on its Price-To-Earnings Ratio (57.2x) compared to the estimated Fair Price-To-Earnings Ratio (61.9x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | NT$102.50 | NT$151.00 +47.3% | 32.5% | NT$200.00 | NT$102.00 | n/a | 2 |
| Nov ’25 | NT$109.00 | NT$151.00 +38.5% | 32.5% | NT$200.00 | NT$102.00 | n/a | 2 |
| Oct ’25 | NT$125.50 | NT$151.00 +20.3% | 32.5% | NT$200.00 | NT$102.00 | n/a | 2 |
| Sep ’25 | NT$112.50 | NT$151.00 +34.2% | 32.5% | NT$200.00 | NT$102.00 | n/a | 2 |
| Aug ’25 | NT$117.00 | NT$151.00 +29.1% | 32.5% | NT$200.00 | NT$102.00 | n/a | 2 |
| Jul ’25 | NT$144.50 | NT$125.25 -13.3% | 36.2% | NT$200.00 | NT$80.00 | n/a | 4 |
| Jun ’25 | NT$128.00 | NT$125.25 -2.1% | 36.2% | NT$200.00 | NT$80.00 | n/a | 4 |
| May ’25 | NT$150.00 | NT$100.33 -33.1% | 15.9% | NT$119.00 | NT$80.00 | n/a | 3 |
| Apr ’25 | NT$131.00 | NT$100.33 -23.4% | 15.9% | NT$119.00 | NT$80.00 | n/a | 3 |
| Mar ’25 | NT$117.00 | NT$100.33 -14.2% | 15.9% | NT$119.00 | NT$80.00 | n/a | 3 |
| Feb ’25 | NT$98.60 | NT$100.33 +1.8% | 15.9% | NT$119.00 | NT$80.00 | n/a | 3 |
| Jan ’25 | NT$98.30 | NT$100.33 +2.1% | 15.9% | NT$119.00 | NT$80.00 | n/a | 3 |
| Dec ’24 | NT$96.10 | NT$90.00 -6.3% | 11.1% | NT$100.00 | NT$80.00 | n/a | 2 |
| Jul ’24 | NT$91.60 | NT$106.67 +16.4% | 8.8% | NT$120.00 | NT$100.00 | NT$144.50 | 3 |
| Jun ’24 | NT$94.80 | NT$106.67 +12.5% | 8.8% | NT$120.00 | NT$100.00 | NT$128.00 | 3 |
| May ’24 | NT$101.00 | NT$107.67 +6.6% | 10.4% | NT$120.00 | NT$93.00 | NT$150.00 | 3 |
| Apr ’24 | NT$102.50 | NT$107.67 +5.0% | 10.4% | NT$120.00 | NT$93.00 | NT$131.00 | 3 |
| Mar ’24 | NT$107.00 | NT$107.67 +0.6% | 10.4% | NT$120.00 | NT$93.00 | NT$117.00 | 3 |
| Feb ’24 | NT$110.50 | NT$107.67 -2.6% | 10.4% | NT$120.00 | NT$93.00 | NT$98.60 | 3 |
| Jan ’24 | NT$95.50 | NT$107.67 +12.7% | 10.4% | NT$120.00 | NT$93.00 | NT$98.30 | 3 |
| Dec ’23 | NT$101.00 | NT$104.33 +3.3% | 7.7% | NT$110.00 | NT$93.00 | NT$96.10 | 3 |
| Nov ’23 | NT$91.90 | NT$122.00 +32.8% | 7.1% | NT$130.00 | NT$110.00 | NT$86.00 | 3 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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