POYA International Co., Ltd.

TPEX:5904 Stock Report

Market Cap: NT$51.5b

POYA International Valuation

Is 5904 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 5904 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5904 (NT$497.5) is trading below our estimate of fair value (NT$821.67)

Significantly Below Fair Value: 5904 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5904?

Key metric: As 5904 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5904. This is calculated by dividing 5904's market cap by their current earnings.
What is 5904's PE Ratio?
PE Ratio19.1x
EarningsNT$2.73b
Market CapNT$51.47b

Price to Earnings Ratio vs Peers

How does 5904's PE Ratio compare to its peers?

The above table shows the PE ratio for 5904 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.3x
8454 momo.com
24.1x6.9%NT$86.6b
2903 Far Eastern Department Stores
15.3xn/aNT$32.0b
2910 Tonlin Department StoreLtd
19.1xn/aNT$4.1b
2942 Jing-Jan Retail Business
10.9xn/aNT$2.2b
5904 POYA International
19.1x10.9%NT$51.5b

Price-To-Earnings vs Peers: 5904 is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the peer average (17.3x).

Price to Earnings Ratio vs Industry

How does 5904's PE Ratio compare vs other companies in the Asian Multiline Retail Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
5904 19.1xIndustry Avg. 24.9xNo. of Companies15PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 5904 is good value based on its Price-To-Earnings Ratio (19.1x) compared to the Asian Multiline Retail industry average (24.9x).

Price to Earnings Ratio vs Fair Ratio

What is 5904'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.

5904 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.1x
Fair PE Ratio21x

Price-To-Earnings vs Fair Ratio: 5904 is good value based on its Price-To-Earnings Ratio (19.1x) compared to the estimated Fair Price-To-Earnings Ratio (21x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 5904 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$497.50
NT$622.60
+25.1%
8.2%NT$700.00NT$548.00n/a5
Dec ’25NT$479.00
NT$618.67
+29.2%
7.7%NT$700.00NT$548.00n/a6
Nov ’25NT$500.00
NT$618.67
+23.7%
7.7%NT$700.00NT$548.00n/a6
Oct ’25NT$529.00
NT$606.02
+14.6%
7.8%NT$693.07NT$548.00n/a5
Sep ’25NT$502.00
NT$606.02
+20.7%
7.8%NT$693.07NT$548.00n/a5
Aug ’25NT$513.00
NT$606.02
+18.1%
7.8%NT$693.07NT$548.00n/a5
Jul ’25NT$496.00
NT$606.53
+22.3%
7.9%NT$693.07NT$546.53n/a5
Jun ’25NT$501.98
NT$605.35
+20.6%
7.9%NT$693.07NT$546.53n/a5
May ’25NT$495.05
NT$608.32
+22.9%
7.8%NT$693.07NT$546.53n/a5
Apr ’25NT$488.12
NT$608.32
+24.6%
7.8%NT$693.07NT$546.53n/a5
Mar ’25NT$486.14
NT$613.27
+26.2%
7.8%NT$693.07NT$546.53n/a5
Feb ’25NT$510.89
NT$649.50
+27.1%
4.4%NT$693.07NT$623.76n/a5
Jan ’25NT$546.53
NT$649.50
+18.8%
4.4%NT$693.07NT$623.76n/a5
Dec ’24NT$513.86
NT$649.50
+26.4%
4.4%NT$693.07NT$623.76NT$479.005
Nov ’24NT$522.77
NT$628.71
+20.3%
6.3%NT$693.07NT$569.31NT$500.005
Oct ’24NT$477.23
NT$628.71
+31.7%
6.3%NT$693.07NT$569.31NT$529.005
Sep ’24NT$487.13
NT$628.71
+29.1%
6.3%NT$693.07NT$569.31NT$502.005
Aug ’24NT$494.06
NT$641.20
+29.8%
7.1%NT$693.07NT$569.31NT$513.005
Jul ’24NT$580.34
NT$653.47
+12.6%
3.0%NT$686.21NT$632.29NT$496.005
Jun ’24NT$529.36
NT$656.41
+24.0%
2.6%NT$686.21NT$637.19NT$501.985
May ’24NT$562.69
NT$656.41
+16.7%
2.6%NT$686.21NT$637.19NT$495.055
Apr ’24NT$558.77
NT$633.66
+13.4%
2.5%NT$656.80NT$617.59NT$488.125
Mar ’24NT$601.90
NT$639.55
+6.3%
3.6%NT$676.40NT$617.59NT$486.145
Feb ’24NT$514.66
NT$575.83
+11.9%
13.5%NT$676.40NT$470.54NT$510.895
Jan ’24NT$487.70
NT$502.30
+3.0%
8.6%NT$558.77NT$441.13NT$546.535
Dec ’23NT$445.54
NT$502.30
+12.7%
8.6%NT$558.77NT$441.13NT$513.865

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 10:28
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

POYA International Co., Ltd. is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullCapital Securities Corporation
James McCaffertyCGS International
Hui-Chao HsuCitigroup Inc