San Far Property Limited

TWSE:9946 Stock Report

Market Cap: NT$8.3b

San Far Property Valuation

Is 9946 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-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 9946 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9946 (NT$25.45) is trading below our estimate of fair value (NT$26.88)

Significantly Below Fair Value: 9946 is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9946?

Other financial metrics that can be useful for relative valuation.

9946 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/Revenue8.2x
Enterprise Value/EBITDA47x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 9946's PE Ratio compare to its peers?

The above table shows the PE ratio for 9946 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.5x
2534 Hung Sheng Construction
56xn/aNT$12.1b
5523 Fong-Chien ConstructionLTD
19.5xn/aNT$4.8b
5533 Founding Construction Development
16.1xn/aNT$5.8b
6186 Shin Ruenn development
14.2xn/aNT$10.5b
9946 San Far Property
34.3xn/aNT$8.3b

Price-To-Earnings vs Peers: 9946 is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the peer average (26.5x).


Price to Earnings Ratio vs Industry

How does 9946's PE Ratio compare vs other companies in the TW Real Estate Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 9946 is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the TW Real Estate industry average (15x).


Price to Earnings Ratio vs Fair Ratio

What is 9946'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.

9946 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 9946'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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