Hi-Yes International Valuation
Is 2348 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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 2348 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2348 (NT$172) is trading above our estimate of fair value (NT$17.95)
Significantly Below Fair Value: 2348 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2348?
Key metric: As 2348 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 2348's PE Ratio? | |
|---|---|
| PE Ratio | 9x |
| Earnings | NT$2.89b |
| Market Cap | NT$25.93b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.7x |
| Enterprise Value/EBITDA | 14.5x |
| PEG Ratio | -0.3x |
Price to Earnings Ratio vs Peers
How does 2348's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.3x | ||
9940 Sinyi Realty | 11.3x | n/a | NT$21.8b |
2501 Cathay Real Estate DevelopmentLtd | 13.1x | n/a | NT$29.7b |
5534 Chong Hong Construction | 12.4x | 30.7% | NT$26.1b |
5508 Yungshin Construction & DevelopmentLtd | 8.5x | n/a | NT$37.7b |
2348 Hi-Yes International | 9x | -29.3% | NT$25.9b |
Price-To-Earnings vs Peers: 2348 is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (11.4x).
Price to Earnings Ratio vs Industry
How does 2348's PE Ratio compare vs other companies in the TW Real Estate Industry?
| 0 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|
| 0 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: 2348 is good value based on its Price-To-Earnings Ratio (9x) compared to the TW Real Estate industry average (15.8x).
Price to Earnings Ratio vs Fair Ratio
What is 2348'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 | 9x |
| Fair PE Ratio | 4.5x |
Price-To-Earnings vs Fair Ratio: 2348 is expensive based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (4.5x).
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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