WIN Semiconductors Corp.

TPEX:3105 Stock Report

Market Cap: NT$50.2b

WIN Semiconductors Valuation

Is 3105 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 3105 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3105 (NT$119) is trading above our estimate of fair value (NT$47.67)

Significantly Below Fair Value: 3105 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3105?

Key metric: As 3105 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3105. This is calculated by dividing 3105's market cap by their current earnings.
What is 3105's PE Ratio?
PE Ratio33.5x
EarningsNT$1.51b
Market CapNT$50.24b

Price to Earnings Ratio vs Peers

How does 3105's PE Ratio compare to its peers?

The above table shows the PE ratio for 3105 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.8x
6531 AP Memory Technology
34.4x23.9%NT$50.0b
4966 Parade Technologies
21.2x22.3%NT$52.8b
2458 ELAN Microelectronics
15.5x8.2%NT$42.5b
6147 Chipbond Technology
12.1x9.4%NT$48.0b
3105 WIN Semiconductors
33.5x27.0%NT$50.2b

Price-To-Earnings vs Peers: 3105 is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the peer average (20.8x).

Price to Earnings Ratio vs Industry

How does 3105's PE Ratio compare vs other companies in the TW Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
4944 Crystalwise Technology
4xn/aUS$15.69m
No more companies available in this PE range
3105 33.5xIndustry Avg. 30.8xNo. of Companies31PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3105 is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the TW Semiconductor industry average (30.8x).

Price to Earnings Ratio vs Fair Ratio

What is 3105'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.

3105 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.5x
Fair PE Ratio27.9x

Price-To-Earnings vs Fair Ratio: 3105 is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the estimated Fair Price-To-Earnings Ratio (27.9x).

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 3105 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$119.00
NT$130.86
+10.0%
14.4%NT$170.00NT$100.00n/a14
Nov ’25NT$120.00
NT$133.36
+11.1%
16.9%NT$180.00NT$100.00n/a14
Oct ’25NT$135.00
NT$153.57
+13.8%
17.9%NT$202.00NT$100.00n/a14
Sep ’25NT$137.00
NT$153.57
+12.1%
17.9%NT$202.00NT$100.00n/a14
Aug ’25NT$138.50
NT$155.00
+11.9%
18.9%NT$202.00NT$100.00n/a14
Jul ’25NT$175.00
NT$165.18
-5.6%
20.8%NT$245.00NT$105.00n/a14
Jun ’25NT$141.50
NT$161.83
+14.4%
19.8%NT$245.00NT$105.00n/a15
May ’25NT$146.00
NT$161.84
+10.9%
19.2%NT$245.00NT$105.00n/a16
Apr ’25NT$148.00
NT$165.62
+11.9%
18.3%NT$245.00NT$105.00n/a16
Mar ’25NT$155.50
NT$162.31
+4.4%
20.1%NT$245.00NT$105.00n/a16
Feb ’25NT$152.50
NT$152.30
-0.1%
20.4%NT$245.00NT$115.00n/a15
Jan ’25NT$159.00
NT$152.30
-4.2%
20.4%NT$245.00NT$115.00n/a15
Dec ’24NT$167.50
NT$145.66
-13.0%
22.9%NT$245.00NT$105.00n/a16
Nov ’24NT$147.00
NT$142.22
-3.3%
24.7%NT$245.00NT$100.00NT$120.0016
Oct ’24NT$129.00
NT$144.68
+12.2%
25.8%NT$245.00NT$98.00NT$135.0016
Sep ’24NT$140.50
NT$141.23
+0.5%
25.0%NT$245.00NT$98.00NT$137.0017
Aug ’24NT$150.00
NT$141.23
-5.8%
25.0%NT$245.00NT$98.00NT$138.5017
Jul ’24NT$164.00
NT$152.31
-7.1%
29.3%NT$253.00NT$93.00NT$175.0017
Jun ’24NT$158.00
NT$148.55
-6.0%
28.5%NT$253.00NT$93.00NT$141.5017
May ’24NT$163.50
NT$153.14
-6.3%
27.1%NT$253.00NT$95.00NT$146.0017
Apr ’24NT$182.50
NT$162.86
-10.8%
27.7%NT$258.00NT$90.00NT$148.0017
Mar ’24NT$166.50
NT$153.42
-7.9%
28.2%NT$258.00NT$90.00NT$155.5016
Feb ’24NT$191.50
NT$133.18
-30.5%
35.6%NT$258.00NT$71.00NT$152.5017
Jan ’24NT$136.50
NT$132.59
-2.9%
35.5%NT$258.00NT$71.00NT$159.0017
Dec ’23NT$162.50
NT$130.82
-19.5%
36.1%NT$258.00NT$71.00NT$167.5017
Nov ’23NT$124.00
NT$130.82
+5.5%
36.1%NT$258.00NT$71.00NT$147.0017

Analyst Forecast: Target price is less than 20% higher than the current share price.

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