Grand Process Technology Corporation

TPEX:3131 Stock Report

Market Cap: NT$65.6b

Grand Process Technology Valuation

Is 3131 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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 3131 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Future Cash Flow Value: 3131 (NT$2320) is trading below our estimate of future cash flow value (NT$3948.42)

Significantly Below Future Cash Flow Value: 3131 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3131?

Key metric: As 3131 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3131. This is calculated by dividing 3131's market cap by their current earnings.
What is 3131's PE Ratio?
PE Ratio39.7x
EarningsNT$1.65b
Market CapNT$65.56b

Price to Earnings Ratio vs Peers

How does 3131's PE Ratio compare to its peers?

The above table shows the PE ratio for 3131 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.7x
2455 Visual Photonics Epitaxy
97.8x44.71%NT$76.2b
7734 AblePrint Technology
59.5x35.68%NT$78.1b
6548 Chang Wah Technology
30.3x31.80%NT$65.2b
5434 Topco ScientificLtd
19.2x16.25%NT$102.0b
3131 Grand Process Technology
39.7x38.33%NT$65.6b

Price-To-Earnings vs Peers: 3131 is good value based on its Price-To-Earnings Ratio (39.7x) compared to the peer average (51.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 3131's PE Ratio compare vs other companies in the TW Semiconductor Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
4967 Team Group
4.7xn/aUS$807.20m
3188 Golden Long Teng Development
3.4xn/aUS$141.86m
2491 Fortune Oriental
1.2xn/aUS$94.16m
3066 Taiwan Oasis Technology
4xn/aUS$61.50m
3131 39.7xIndustry Avg. 30.7xNo. of Companies33PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3131 is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the TW Semiconductor industry average (30.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3131'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.

3131 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.7x
Fair PE Ratio37x

Price-To-Earnings vs Fair Ratio: 3131 is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the estimated Fair Price-To-Earnings Ratio (37x).

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 3131 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$2,320.00
NT$3,917.91
+68.88%
17.95%NT$5,000.00NT$2,090.00n/a11
Aug ’27NT$2,370.00
NT$3,964.27
+67.27%
17.85%NT$5,000.00NT$2,090.00n/a11
Jul ’27NT$3,690.00
NT$3,955.09
+7.18%
17.84%NT$5,000.00NT$2,090.00n/a11
Jun ’27NT$3,265.00
NT$3,830.67
+17.33%
17.73%NT$4,500.00NT$2,090.00n/a9
May ’27NT$2,950.00
NT$3,200.00
+8.47%
26.35%NT$4,500.00NT$1,854.00n/a8
Apr ’27NT$2,930.00
NT$2,759.33
-5.82%
24.01%NT$3,590.00NT$1,854.00n/a9
Mar ’27NT$1,780.00
NT$1,861.88
+4.60%
8.48%NT$2,100.00NT$1,581.00n/a8
Feb ’27NT$1,670.00
NT$1,861.88
+11.49%
8.48%NT$2,100.00NT$1,581.00n/a8
Jan ’27NT$1,560.00
NT$1,840.63
+17.99%
7.28%NT$2,090.00NT$1,581.00n/a8
Dec ’26NT$1,455.00
NT$1,805.00
+24.05%
5.64%NT$1,930.00NT$1,581.00n/a7
Nov ’26NT$1,455.00
NT$1,845.00
+26.80%
7.87%NT$2,100.00NT$1,617.00n/a6
Oct ’26NT$1,535.00
NT$1,794.00
+16.87%
5.49%NT$1,900.00NT$1,617.00n/a5
Sep ’26NT$1,480.00
NT$1,725.00
+16.55%
7.18%NT$1,900.00NT$1,600.00n/a4
Aug ’26NT$1,480.00
NT$1,340.40
-9.43%
33.69%NT$2,000.00NT$750.00NT$2,370.005
Jul ’26NT$1,630.00
NT$1,340.40
-17.77%
33.69%NT$2,000.00NT$750.00NT$3,690.005
Jun ’26NT$1,190.00
NT$1,358.40
+14.15%
35.22%NT$2,090.00NT$750.00NT$3,265.005
May ’26NT$931.00
NT$1,584.00
+70.14%
29.82%NT$2,090.00NT$750.00NT$2,950.005
Apr ’26NT$965.00
NT$1,674.00
+73.47%
19.40%NT$2,090.00NT$1,200.00NT$2,930.005
Mar ’26NT$1,270.00
NT$2,186.25
+72.15%
6.24%NT$2,370.00NT$2,025.00NT$1,780.004
Feb ’26n/a
NT$2,186.25
0%
6.24%NT$2,370.00NT$2,025.00NT$1,670.004
Jan ’26NT$1,485.00
NT$2,186.25
+47.22%
6.24%NT$2,370.00NT$2,025.00NT$1,560.004
Dec ’25NT$1,645.00
NT$2,186.25
+32.90%
6.24%NT$2,370.00NT$2,025.00NT$1,455.004
NT$3.92k
Fair Value
40.8% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/21 08:53
End of Day Share Price 2026/08/21 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Grand Process Technology Corporation is covered by 13 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Haas LiuBofA Global Research
Mike YangBofA Global Research
Licheng ZhuangCapital Securities Corporation