BaaS Innovation Co., Ltd.

TPEX:3555 Stock Report

Market Cap: NT$969.0m

BaaS Innovation Valuation

Is 3555 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3555 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3555 (NT$30.7) is trading above our estimate of fair value (NT$7.47)

Significantly Below Fair Value: 3555 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3555?

Key metric: As 3555 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3555. This is calculated by dividing 3555's market cap by their current revenue.
What is 3555's PS Ratio?
PS Ratio9.8x
SalesNT$94.26m
Market CapNT$968.96m

Price to Sales Ratio vs Peers

How does 3555's PS Ratio compare to its peers?

The above table shows the PS ratio for 3555 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average19x
2491 Fortune Oriental
5.1xn/aNT$1.0b
6787 Kingray Technology
27.8xn/aNT$3.2b
6103 Avid Electronics
13.3xn/aNT$663.9m
6236 Neith
29.9xn/aNT$1.2b
3555 BaaS Innovation
9.8xn/aNT$969.0m

Price-To-Sales vs Peers: 3555 is good value based on its Price-To-Sales Ratio (9.8x) compared to the peer average (19x).

Price to Sales Ratio vs Industry

How does 3555's PS Ratio compare vs other companies in the TW Semiconductor Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
6196 Marketech International
0.5x8.6%US$913.21m
6120 Darwin Precisions
0.4xn/aUS$266.29m
4967 Team Group
0.3x-13.1%US$218.73m
8096 CoAsia Electronics
0.2xn/aUS$170.40m
3555 9.8xIndustry Avg. 3.5xNo. of Companies38PS02.44.87.29.612+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3555 is expensive based on its Price-To-Sales Ratio (9.8x) compared to the TW Semiconductor industry average (3.5x).

Price to Sales Ratio vs Fair Ratio

What is 3555's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3555 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3555's Price-To-Sales 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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