Episil Technologies Inc.

TPEX:3707 Stock Report

Market Cap: NT$20.3b

Episil Technologies Valuation

Is 3707 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 3707 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3707 (NT$53.1) is trading above our estimate of fair value (NT$9.35)

Significantly Below Fair Value: 3707 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3707?

Key metric: As 3707 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3707. This is calculated by dividing 3707's market cap by their current revenue.
What is 3707's PS Ratio?
PS Ratio3.4x
SalesNT$6.03b
Market CapNT$20.35b

Price to Sales Ratio vs Peers

How does 3707's PS Ratio compare to its peers?

The above table shows the PS ratio for 3707 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.9x
2481 Panjit International
1.6x13.2%NT$19.9b
8081 Global Mixed-Mode Technology
2.4x7.8%NT$19.2b
8086 Advanced Wireless Semiconductor
3.9x10.1%NT$18.6b
3014 ITE Tech
3.7xn/aNT$23.7b
3707 Episil Technologies
3.4x24.3%NT$20.3b

Price-To-Sales vs Peers: 3707 is expensive based on its Price-To-Sales Ratio (3.4x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does 3707's PS Ratio compare vs other companies in the TW Semiconductor Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
6196 Marketech International
0.5x9.0%US$937.98m
6120 Darwin Precisions
0.4xn/aUS$272.23m
4967 Team Group
0.3x-13.1%US$224.13m
8096 CoAsia Electronics
0.2xn/aUS$177.29m
3707 3.4xIndustry Avg. 3.6xNo. of Companies40PS02.44.87.29.612+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3707 is good value based on its Price-To-Sales Ratio (3.4x) compared to the TW Semiconductor industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is 3707'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.

3707 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.4x
Fair PS Ratio1.9x

Price-To-Sales vs Fair Ratio: 3707 is expensive based on its Price-To-Sales Ratio (3.4x) compared to the estimated Fair Price-To-Sales Ratio (1.9x).

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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