Kuang Hong Arts Management Incorporation Valuation

Q: What is the Fair Price of 6596 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

6596 (NT$72.4) is trading below our estimate of [[fair value]] (NT$1307.16)

Is 6596 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 6596 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6596 (NT$72.4) is trading below our estimate of fair value (NT$1307.16)

Significantly Below Fair Value: 6596 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6596?

Key metric: As 6596 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6596. This is calculated by dividing 6596's market cap by their current earnings.
What is 6596's PE Ratio?
PE Ratio	9.6x
Earnings	NT$249.05m
Market Cap	NT$2.39b

6596 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	1x
Enterprise Value/EBITDA	5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 6596's PE Ratio compare to its peers?

The above table shows the PE ratio for 6596 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	36.6x
8487 ELTA TechnologyLtd	10.2x	n/a	NT$1.8b
8329 Taiwan Television EnterpriseLtd	51.4x	n/a	NT$4.0b
9928 China Television Company	64x	n/a	NT$1.2b
6542 GamesparcsLtd	20.8x	n/a	NT$2.4b
6596 Kuang Hong Arts Management Incorporation	9.6x	n/a	NT$2.4b

Price-To-Earnings vs Peers: 6596 is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (36.6x).

Price to Earnings Ratio vs Industry

How does 6596's PE Ratio compare vs other companies in the Asian Media Industry?

12 Companies	Price / Earnings	Estimated Growth	Market Cap

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 6596 is good value based on its Price-To-Earnings Ratio (9.6x) compared to the Asian Media industry average (16.7x).

Price to Earnings Ratio vs Fair Ratio

What is 6596'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.

6596 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 6596'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.

Discover undervalued companies

Dafeng TV

NT$7.6b

Engages in cable television and type II telecommunications business in Taiwan.

6184

NT$51.30

-0.4%

-1.3%

Cashbox Partyworld

NT$12.0b

Provides audio-visual equipment for singing in Taiwan and China.

8359

NT$88.20

-12.2%

HIM International Music

NT$6.6b

Engages in the recording and distribution of music.

8446

NT$124.50

-3.9%

20.9%