HIM International Music Inc.

TPEX:8446 Stock Report

Market Cap: NT$6.5b

HIM International Music Valuation

Is 8446 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 8446 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8446 (NT$124) is trading below our estimate of fair value (NT$201.3)

Significantly Below Fair Value: 8446 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8446?

Key metric: As 8446 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8446. This is calculated by dividing 8446's market cap by their current earnings.
What is 8446's PE Ratio?
PE Ratio11x
EarningsNT$598.27m
Market CapNT$6.51b

Price to Earnings Ratio vs Peers

How does 8446's PE Ratio compare to its peers?

The above table shows the PE ratio for 8446 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.6x
8359 Cashbox Partyworld
13xn/aNT$12.0b
6625 B'in Live
15.3xn/aNT$4.2b
6101 Kwan's International
114.9xn/aNT$4.3b
6583 Jason's Entertainment
35.1xn/aNT$271.1m
8446 HIM International Music
11xn/aNT$6.5b

Price-To-Earnings vs Peers: 8446 is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (44.6x).

Price to Earnings Ratio vs Industry

How does 8446's PE Ratio compare vs other companies in the Asian Entertainment Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
8446 11.0xIndustry Avg. 29.0xNo. of Companies27PE020406080100+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8446 is good value based on its Price-To-Earnings Ratio (11x) compared to the Asian Entertainment industry average (29x).

Price to Earnings Ratio vs Fair Ratio

What is 8446'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.

8446 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8446'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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